Tax or ban on hedge funds buying homes in 2025?
Tax or ban on hedge funds buying homes in 2025?
$31,599 vol
Order book
No
Market Rules
The outcome is No
If a bill becomes law taxing or banning investment from owning single-family homes, then the market resolves to Yes. Outcome verified from Library of Congress.
This includes legislation which imposes an excise tax on investment firm ownership of single-family homes (including if the tax is only imposed on newly bought homes) or bans investment firms from owning single-family homes outright (or which bans buying new homes). Such legislation can have an assets under management or net value requirement for the funds and still be included (e.g. it only applies to funds with assets under management of at least $50 million). Such legislation may also only tax certain assets, e.g. only second and third homes but not first owned by a firm.
Timeline and payout
Market openNov 5, 2024 · 10:00am EST
Market closedAfter the outcome occurs
Paid out1 hour after closing
SeriesKXHFHOUSING
EventKXHFHOUSING-25
MarketKXHFHOUSING-25
Insider trading is prohibited
The following are prohibited from trading this contract:
- Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
- Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.
About
A recent bill introduced in Congress, the End Hedge Fund Control of American Homes Act, aims to ban hedge funds from owning single-family homes. The bill proposes a 10-year phase-out period, during which hedge funds must sell at least 10% of their single-family home portfolios annually. Additionally, it imposes a 50% tax on the fair market value of any future hedge fund purchases of single-family homes, with tax penalties reserved for down payment assistance programs.