TLDR: California, Minnesota, Maryland, and Pennsylvania

Progressive Democrats have long criticized private-equity-backed landlords and institutional investors for their growing role in residential real estate.

And in a rare bipartisan issue, Republicans, including President Donald Trump, have said that Wall Street firms are crowding out first-time homebuyers.

“A growing share of single-family homes, often concentrated in certain communities, have been purchased by large Wall Street investors, crowding out families seeking to buy homes," Trump said in an executive order in January. "Hardworking young families cannot effectively compete for starter homes with Wall Street firms and their vast resources.