Who Loses When Buyers Are Restricted? Renters.

With efforts to limit ownership of single family homes now drawing attention at the state (SB 5496) and national level, it's not surprising the idea has populist appeal toward affordability. When prices keep rising, and buyers feel locked out, it's easy to want a simple target.

However, as a renter, I worry this approach overlooks impacts on people who depend on the rental market. I'm also an active duty military member, and that perspective shapes how I see this debate.

Many service members simply aren't able to buy. We can move frequently, face uncertainty about future assignments, and rely on the availability of quality rental housing in safe neighborhoods with access to schools, transit, and community services. Single-family rentals are often what make that possible for our families.

When policies discourage investment in rental housing, the result is fewer options and higher rents. That doesn't hurt investors first: it hurts renters. Teachers, nurses, service members, and working families end up with fewer choices and longer commutes.

If we want affordability for renters and future homeowners alike, the answer is straightforward: build more housing. Increasing supply stabilizes prices without leaving renters like me with fewer options.