Greed has been running rampant in America for years, and one of the clearest examples is how big corporations are hoarding residential properties to make a profit. In an effort to stop these companies from stripping away homes from Nevada citizens, some lawmakers have been working hard to pass new legislation aimed at protecting everyday homeowners. One such proposal is Senate Bill 391. This bill would have placed a limit on corporate investors, preventing them from buying more than 100 housing units per year in Nevada. For many regular people, this sounded like a step in the right direction.
Unfortunately, Republican Governor Joe Lombardo saw things differently. He asked fellow Republicans to vote against the bill, which ultimately caused it to fail in the most recent round of voting. The bill only needed one more yes vote to pass. Sadly, because of Lombardo’s intervention, Senator Ira Hansen, who had previously supported similar legislation in 2023, changed his vote and opposed it.
Senator Dina Neal, one of the most vocal supporters of the bill, openly criticized the governor’s actions. What could have been a united effort to improve life for ordinary people was instead pushed aside by political pressure and corporate interests. Neal has been at the forefront of efforts to protect local homebuyers from being pushed out by wealthy investors and large corporations.
Senate Bill 391 is not the only legislation aimed at protecting Nevada’s residents. Several other housing-related bills have also passed and are now on their way to the governor’s desk. However, because Lombardo has vetoed similar bills in the past, many advocates are concerned about what will happen next. The fear is that without strong protections, the housing market will continue to cater to the wealthy while everyday Nevadans struggle to find a place to live.
It’s not just Democratic lawmakers who are disappointed with how things turned out. Many internet users have also voiced their frustration over Governor Lombardo’s actions. One commenter wrote, “It’s so sad. The worst part is the corporations still would have been able to buy 100 houses a year with this bill. One hundred houses a year is more than enough for anyone. Their greed is absolutely despicable.”
Others pointed out that no one should be surprised by this outcome, criticizing Lombardo’s past as a former sheriff and now as a governor. One user said this move made it clear who Lombardo truly represents. “I’m going to need to stop hearing about Californians raising your cost of living,” the commenter wrote, “and hear a little more about the Republican governor allowing his corporate buddies to buy up land and real estate.”
