""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," Trump said in a Truth Social post."
""People live in homes, not corporations.""
"The decision could negatively impact private equity companies like Blackstone that have bought up significant numbers of homes. Blackstone shares dropped immediately following Trump's announcement."
A plan seeks to ban large institutional investors from purchasing single-family homes in the United States and to have Congress codify the prohibition. The proposal emphasizes that people live in homes, not corporations. The measure could negatively affect private equity firms that have acquired significant numbers of single-family houses, with shares of some companies falling in response. Policymakers from both major parties have targeted institutional buyers; the 2023 Stop Predatory Investing Act would restrict interest and depreciation deductions for landlords owning more than 50 single-family homes, and the bill received endorsement from a former vice-presidential candidate.
Read at Business Insider
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