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John,

Sign the petition: Ban hedge fund investors from owning single-family homes.

The affordable housing crisis is impacting nearly every community, every neighborhood. Rents are going up almost everywhere, even as families struggle to make ends meet. And home prices, especially for first-time home buyers, keep climbing further out of reach.

There’s a Wall Street-driven reason for that – private hedge funds are exacerbating the crisis by buying up housing in bulk.

All across America, hedge funds and private equity are using their vast fortunes to outbid everyday Americans looking to buy homes. And because their investors demand Wall Street-style returns, they're driving up rents and cutting back on repairs. 

 

 

In order to protect American home buyers from Wall Street greed, Senator Jeff Merkley has a plan to end Wall Street ownership of residential housing. While aspects of the housing crisis— including a supply shortage—will take years to remedy, others can be addressed immediately, including a ban on hedge funds and private equity firms owning and controlling large parts of the American housing market.

It's time to ban Wall Street from buying up the homes in our neighborhoods. 

Sign the petition: We must take action to make housing affordable by ensuring that housing is for homes, not hedge funds.

Thank you for standing up for a fair housing market for working families.

Cliff

 
 
 
 

Cliff Schecter

President, Blue Amp Action

Amplify Good

 

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About BlueAmp Action:

We cannot sugarcoat the current situation. Right-wing authoritarianism, defeated by a worldwide coalition during WWII, was only in hibernation. Over the past decade it has infected democratic societies--including ours. It is as simple as it is terrifying: What we do now will define the future of our country and world. 

We at Blue Amp Action are dedicated to liberal, open societies, where reason and science are applied to solve our problems; where civil rights--including voting rights!--are protected for all. We fight for these values every day. Speaking up on our platforms, raising the voices and the political prospects of liberal pols and pundits. 

And savvy grassroots activists like you know, just like we do, that we can’t stop watching the people we help elect: after the elections, we have to keep organizing support for the policies we like and pushing back against the ones we don’t.

When the public tunes out between elections and the only people our elected officials hear from are the paid lobbyists of wealthy corporations, our government stops being accountable to the needs of ordinary families.

Democracy never sleeps, and neither can we.

So we ask that you support our work, so we can continue to engage in this fight every moment of every day. So our kids grow up in democracy, not dystopia.

Thank you for your support for all we do! Please follow Cliff Schecter on Twitter @cliffschecter, or subscribe to The Takedown with Cliff Schecter on YouTube, to keep up to date with this battle for the heart and soul of our country.

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