A bill in Utah aims to address the impact of investors on first-time homebuyers by requiring buyers of single-family homes in Salt Lake County to sign an affidavit stating their intent to live in the home for at least a year if purchased within the first 30 days on the market. While supporters argue it could increase home ownership, opponents express concerns about disrupting the real estate market and potential violations of fair housing laws. The bill was held in committee after mixed feedback from lawmakers and the public.
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