Amazing. Warren is deliberating trying to choke off investment in the construction of *new* single-family rental properties. This is profoundly regressive. Why is it OK for large investors to build and rent out apartments but not single-family homes? Many working-class Americans don't have high enough incomes or credit scores to buy a home. If we cut off investment in rental houses, then these families won't be able to live in large swathes of America: Roughly 70 percent of all residential land is zoned for single-family residences. The only way for working-class people to live in many affluent suburbs -- and access their high-performing schools -- is to rent a house. For this reason, corporate investment in single-family homes reduces socioeconomic segregation. Warren's policy effectively helps rich people keep working-class renters out of their towns -- while reducing the overall supply of housing and nudging up rents. It prioritizes populist symbolism over progressive outcomes.