This may seem like a small issue today but, it has consequential implications for Minnesota's future. If we want to keep our homes affordable, and also maintain the value of our homes, we need to limit the number of homes being bought out by private equity firms. There are two possible scenarios I see happening with the housing market, while real estate brokers might like the quick sales of homes to private equity firms, it could result in a catastrophic market collapse, or market monopolization if it is not addressed by the legislature. The possibility of a private equity firm with trillions of dollars, like Blackstone, buying up a majority share of single family residences in Minnesota has a very high likelihood based on what we've seen so far. Why they are buying up homes in Minnesota over other states remains a mystery, however, while it is still a relatively low percentage of homes, it has already changed the renters market with an uptick in rent prices.