The Act
Policy 1
End Corporate Ownership of Single-Family Homes
The Policy
Corporations and institutional investors may not own single-family homes. Existing corporate owners must divest to owner-occupants within 2 years.
Why It Matters
- •Wall Street firms have purchased hundreds of thousands of single-family homes since 2008
- •Institutional buyers pay cash, outbidding families who need mortgages
- •Corporate ownership converts homes from shelter into financial assets
- •Rent extraction replaces homeownership, trapping families as permanent tenants
What History Tells Us
- •Before 2008, institutional ownership of single-family homes was negligible
- •The American Dream of homeownership was achievable for middle-class families
- •Many states already restrict corporate ownership of farmland—the same logic applies to homes
Implementation
- •2-year divestment period for existing corporate holdings
- •Sales must be to owner-occupants (verified by residency requirements)
- •Aggregate beneficial ownership to prevent shell-company workarounds
- •Exemptions: Small landlords (under 10 properties), family trusts, nonprofits
Policy 2
Reduce Immigration by 90% for 10 Years
The Policy
Reduce all immigration categories by 90% for a period of 10 years. After 10 years, reassess based on housing availability and wage data.
Why It Matters
- •The U.S. admits over 1 million legal immigrants annually, plus hundreds of thousands more through other channels
- •Housing construction cannot keep pace with population growth
- •When demand exceeds supply, prices rise—this is basic economics
- •A temporary pause allows housing supply to catch up with existing population
What History Tells Us
- •The Immigration Act of 1924 dramatically reduced immigration for 40 years
- •During this period (1924-1965), the American middle class expanded dramatically
- •Wages rose, homeownership became widespread, and inequality decreased
- •A tight labor market gives workers bargaining power
Implementation
- •90% reduction across all visa categories
- •10-year duration with mandatory reassessment
- •Existing legal residents and pending applications grandfathered
- •Reassessment criteria: housing affordability index, wage growth, homeownership rates
Policy 3
End H-1B Visa Program, Restore H-1
The Policy
Terminate the H-1B visa program and restore the original H-1 visa framework with strict requirements: direct employment only, no staffing agencies, genuine specialty occupations.
Why It Matters
- •H-1B has been captured by staffing firms and body shops that exploit the program
- •Companies use H-1B to pay below-market wages, suppressing pay for all workers
- •American tech workers are laid off while companies sponsor H-1B replacements
- •The lottery system treats visas as a commodity rather than a tool for genuine talent
What History Tells Us
- •The original H-1 visa (pre-1990) required genuine specialty occupations
- •H-1B was created in 1990 and has been repeatedly expanded and exploited
- •Studies show H-1B workers are paid 17-34% less than comparable American workers
- •Top H-1B employers are outsourcing firms, not innovative companies
Implementation
- •Immediate halt to new H-1B applications
- •Restore H-1 with requirements: direct employment, no staffing agencies, genuine need
- •Employers must demonstrate they cannot find American workers at market wages
Transition Rules for Current H-1B Holders
- •Less than 5 years on H-1B: Visa expires within 1 year. May apply for H-1 visa under new requirements to remain.
- •5+ years on H-1B: Must convert to H-1 visa or Green Card within 2 years.
Policy 4
End Foreign Ownership of Residential Property
The Policy
Non-citizens may not purchase residential real estate unless they hold a Green Card (permanent resident status). Existing foreign owners must divest within 2 years.
Why It Matters
- •Foreign buyers use U.S. real estate as a safe-haven asset and money-parking vehicle
- •Cash purchases by foreign buyers outbid American families who need mortgages
- •Properties often sit vacant or are used as occasional vacation homes
- •Foreign capital flows drive up prices without adding to the productive economy
What History Tells Us
- •Many countries restrict foreign ownership of residential property (Australia, New Zealand, Canada, Switzerland)
- •U.S. states have historically regulated land ownership by non-citizens
- •Housing was more affordable when homes were purchased by people who lived in them
Implementation
- •Green Card minimum required for residential property purchase
- •2-year divestment period for existing foreign-owned properties
- •Close LLC and trust loopholes through beneficial ownership disclosure
- •Exemptions: U.S. citizens living abroad, those actively pursuing permanent residence
Policy 5
Increase Housing Construction
The Policy
Partner with local municipalities to dramatically increase housing construction through federal incentives, streamlined permitting, and infrastructure support.
Why It Matters
- •The U.S. is short an estimated 3-5 million housing units
- •Local zoning and permitting processes block new construction
- •NIMBY opposition prevents housing even where demand exists
- •Reducing demand alone is not enough—supply must also increase
What History Tells Us
- •Post-WWII America built housing rapidly through federal programs and streamlined processes
- •Levittown and similar developments made homeownership accessible to the middle class
- •Japan and other countries with permissive building rules have lower housing costs
Implementation
- •Incentive Funding: Bonus federal funding for jurisdictions that exceed housing production targets
- •Reduced Funding: Cut federal funds for jurisdictions that systematically block development
- •Model Permitting: Federal fast-track approval templates for municipalities to adopt
- •Infrastructure Support: Federal investment in water, sewer, and roads for new development areas
- •Public Land: Make federal land available for housing development
- •Technical Assistance: Federal support for local zoning reform efforts