Upcoming legislative session bill would limit corporations buying single family homes in Nevada [Video]

LAS VEGAS, Nev. (FOX5) – For many families, the American Dream of home ownership now seems out of reach. There’s a push to change that and bring housing costs down in Nevada by limiting corporate buyers from pricing out families and individual buyers.

“You wouldn’t even know it, but this street, this whole entire street, is owned by a corporate investor. They built the houses and then they rent them out,” explained State Senator Dina Neil, who represents District Four including the North Las Vegas neighborhood where she met FOX5 for an interview.

“In this environment, the corporate owner is the only one reaping the benefit of the asset, not the family itself. Our Nevada citizens are actually being locked out,” Neal contended. Neal wants single family homes to be affordable for Nevada families.

“Fifteen percent of the market is owned by corporate investors and so this is going to …