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And the banks are right back at the same old game.LOL - no.
It has nothing to do with hedge funds. After the meltdown of 2008, a plethora of laws were put into place to cull the disastrous practices of speculative bundling of mortgage backed securities.
That policy makes high density housing more attractive in cities; is an effort to reduce urban sprawl. It is also a way of encouraging home owner ship in suburbs rather than in cities. You appear to have misinterpreterped this policy also. There is no forced curtainment of private home ownership.What New York and California are doing is specifically targeting single family home ownership in an effort to increase high density apartment complexes. Both state back massive developers who establish hub type apartment complexes with embedded shops, restaurants, and basic amenities. Rents are high, as are taxes from property and sales. The state rakes in vastly more taxes than from single family homes, especially in Prop-13 protected California. There is a concerted effort by democrats to end home ownership by the middle class.
Here are two links to the private equity firms and hedge fund purchases of farm land and private homesLink?

Investment firms are buying more farmland
US politicians are mad about investors buying up farmland, but they are even madder at the foreign investors doing it.

Are Hedge Funds and Private Equity Firms Driving Up the Cost of Housing? - The Sling
It would be nice for the Times to give some attention to an alternative and more plausible hypothesis behind the housing affordability crisis—namely, that hedge funds and private equity firms have been buying up properties that would otherwise go to households, creating an artificial scarcity in...

There are many other links. Look them up yourself if you are interested in reality instead of propaganda.
You demanded links. Now it's your turn; post the links.Bullshit. democrats are passing laws ending home ownership and middle class private property. This has already been cited in the far left Times.