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I don't think this will work simply. Probably, they'd just have a individualized RIT (Real estate Investment Trust) for each house, and then have investors buy shares (up to 100%) of the individualized RITs or a "master RIT" that doesn't own any property directly, but just all the shares of the indivudalized RITs that aren't sold to an investor.
Disclaimer: I do make the problem slightly worse buy investing through https://arrived.com/ (Slightly because I don't have that much money to invest, and only a portion of it is invested there.)
Seems like the sort of loophole that, once identified, would be pretty easy to close if the legislators actually desired to do so.
Yeah, I'm all for more legislation and regulation to try to address this issue, it just won't be quite as simple as the comment I replied to.
Also, I think landlords should support such legislation, because the alternative I see is violence toward landlords (which I don't [yet] advocate).
personally, I'm just raiding this everything bubble for all the $ I can get my hands on, in the hopes I can get enough capital to start throwing down massive high-density high-quality affordable housing projects for sale to long-time local renters/first time home buyers exclusively.
i have a theory about crashing localized housing markets via over-supply I want to test out. my hypothesis is that the parasitic renter-speculators, who probably took out loans or otherwise leveraged themselves to throw $ into the casino we call the stock/futes market, should end up distressed when they no longer have renters/are forced to lower rents due to competition.
at which point I step in, buy their properties for cheap, then throw down more high-density, high-quality, affordable housing for local residents.