The article argues that US states should not adopt restrictions on large institutional homebuyers included in Congress’s new housing law. Its author says such measures would not solve affordability because the central problem is an insufficient supply of homes, and could instead reduce investment in rental housing, repairs and new build-to-rent projects.

It notes that the 21st Century ROAD to Housing Act became law on 11 July and includes measures intended to ease reviews and encourage construction, alongside provisions targeting investors owning at least 350 single-family homes. The author cites estimates that these institutions own about 0.7% of the 92 million US single-family homes and accounted for roughly 1% of purchases, while arguing states should focus on zoning, permitting delays, fees and property taxes instead.