Wall Street's involvement in the housing market has been significant, with hedge funds and private equity firms buying up a large number of homes, especially after the 2008 financial crisis.

This trend has made home buying increasingly difficult for many Americans, as investors have been outbidding regular buyers and using algorithms to purchase homes quickly.

If the current trend continues, it is projected that by 2030, Wall Street investors may control 40% of U.S. single-family rental homes.

This has led to a situation where homeownership, a key aspect of generational wealth and the American dream, is becoming out of reach for a growing number of people, especially young individuals.

While rising home prices have slowed Wall Street's activity recently, they are now targeting more modestly priced homes and neighborhoods with communities of color.

Efforts are being made to address this issue, such as a proposed bill to ban hedge funds and private equity firms from buying single-family homes, which could potentially increase the supply of homes available to individual buyers and make housing more affordable.

President Biden has also proposed funding and tax credits to address the housing crisis.

The fight against Wall Street's dominance in the housing market is crucial to ensuring a fair and accessible housing market for all Americans.