Ro Khanna Goes After Wall Street Landlords to Address Rising Home Prices

Khanna introduced a bill on Tuesday going after private equity investors who have been buying up homes as speculative investments.

Ro Khanna
Rep. Ro Khanna speaks at a news conference on Capitol Hill in Washington. Andrew Harnik/AP

As first-time homebuyers across the country face higher-than-ever costs, California Rep. Ro Khanna is going after one of the biggest winners of the housing crunch: Wall Street landlords.

On Tuesday, Khanna reintroduced the Stop Wall Street Landlords Act, a bill that seeks to deter large institutional investors from scooping up single-family homes.

“Housing is one of the biggest issues I’ve heard in my district,” Khanna told NOTUS. “This is front and center on voters’ minds. It’s something that we should have a bipartisan consensus on.”