"The median sale price stood at $410,800 last year, according to the US Census Bureau. For a very long time, buying and owning a home was considered the pinnacle of the American Dream, Trump wrote on Wednesday, describing home purchases as the reward for working hard, and doing the right thing."
"The American Dream is increasingly out of reach for far too many people, especially younger Americans, he added, blaming Record High Inflation, for which he blamed his predecessor Joe Biden. Trump said: It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations."
The administration will ban large institutional investors from buying single-family homes and will ask Congress to codify the ban. Additional housing and affordability proposals will be presented at the World Economic Forum in Davos. House prices rose to record pandemic levels before falling; the median sale price was $410,800 last year. Homeownership remains increasingly out of reach for many, particularly younger Americans, amid record-high inflation and persistent elevated prices since the administration returned to power a year ago. The policy aims to prioritize residents over corporate buyers and to address affordability concerns.
Read at www.theguardian.com
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