A new form of property flipping, except they continually flip the renter with lease price increases. When the corporations buy, they rarely sell. If the properties end up on the open market again, another corporate investor ends up out bidding sfr seeking individual purchasers quite often anyways. However, I have been told these companies are rich new client leads for home repair and lawn mowing services. Because they own so many houses, many of which sit vacant for months at a time in between renters.

https://www.jetsetmag.com/exclusive/finance/legislation-against-corporate-owned-single-family-homes/
https://themortgagereports.com/109150/hedge-fund-home-buying-ban

As far as the ‘downpayment toward equity act’ or another first time buyer home credit, these are bad ideas which will only contribute to the ongoing affordability crisis and drive prices even higher. What exactly is wrong with lower housing prices? If the institutions would not continually give special favors and first purchase opportunities to the investors, we would not have as much of an availability or affordability crisis and subsequently would not need the various incentives and credits. Your tax dollars, hard at work.

https://thelibreinitiative.com/wp-content/uploads/2021/04/Freelancers-Against-AB5-List-of-600-Affected-Professions-002.pdf

That is a doc linked from your article. #450, specifically notes real estate appraisers.

The issue is complicated because even under previous rules, many lenders and amc’s were already exceeding their authority and were in violation of previous IRS rules on classification of independent contractors. They have been using appraisers and forcing us into certain working conditions which should have classified us as employees, resulting in entitled benefits. They have countered that with the initial onboarding agreements and such which they make appraisers sign. We had posted all those IRS rules and talked about a similar issue many years ago. So for appraisers and that particular issue, it’s unlikely anything will really change.

https://www.dol.gov/agencies/whd/flsa/misclassification/rulemaking

https://www.heritage.org/jobs-and-labor/commentary/harris-pushes-gig-workers-contractors-corporate-jobs-new-rule

The appraisal industry insurers whom were in place to mount a defense failed to do so. Imagine attempting to set up in person meetings with a congress or senator person to save a minimum wage job, while staring down tens and possibly hundreds of thousands of dollars worth of litigation costs, state and federal fines, all based on false accusations stoked by corrupted non profits, their associated lobbyists and lawyers. As Mr Bagott previously wrote; The nightmarish end of home appraisals. aka; ‘Appraisal Modernization!’

Here’s the ARCC link: https://arcc-usa.org