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This is Planet Money from NPR.
A few years ago, Amanda Cantrell was looking for a new house to live with her boyfriend and a friend.
She wanted to rent a home with a large garage that would take pets.
"I have a rescue dog. His name is Digby." Amanda was searching in one suburb in Murfreesboro, Tennessee,
and she noticed a lot of the houses were owned or managed by big corporations.
"It seems that those companies own all of those houses in that summer, but I didn't see one private landlord
when I was looking." This made Amanda a little concerned for when she becomes a buyer.
"We would like to buy a home in the future and the fact that corporate investors
can take all of them. It feels unfair." This feeling of unfairness crosses the political spectrum.
The 21st Century Road to Housing Act is a bill aimed at improving housing affordability.
It was passed in a bipartisan sweep and this bill restricts
large institutional investors from owning too many single family houses.
There are pockets in the country where institutional investors account for a higher share of homeowners.
But across the country, it's tiny, less than one percent.