…s and federally backed loans to large investors with over 100 million in housing assets. A similar initiative was also tried and failed in Minnesota that would ban corporations from turning single-family homes into rentals. But in each of those cases, not a single one gained enough popularity to pass. Why? Well, it turns out there's a few reasons. First, Congress could face severe legal challenges trying to ban an entire investor class from owning properties. Sure, they could argue that they're preventing housing market distortions and trying to improve affordability, but it's not without a legal fight. Second, even if they did ban institutional investors from buying single-family homes, it would need to be strict enough to prevent the circumvention of a company just creating shell organizations, putting the properties under those LLCs, and buying just enough not to trigger the limit. Of course, Congress could pass the Corporate Transparency Act…