"President Donald Trump said his administration will move to bar large Wall Street investors from buying up single-family homes, framing the effort as a bid to restore access to homeownership for ordinary families priced out of the market. In a Truth Social post, he warned the "American Dream is increasingly out of reach for far too many people, especially younger Americans," and vowed to stop big investors from buying the proverbial house next door."
"Trump said the federal government will move to ban institutional investors and major Wall Street firms from purchasing single-family homes, a segment that has become a lucrative asset class for large landlords and private equity. He cast the initiative as a turning point in housing policy, arguing "people live in homes, not corporations" and families should not have to bid against "billion-dollar funds" for starter houses."
President Donald Trump pledged to ban institutional investors and major Wall Street firms from purchasing single-family homes to make houses available to ordinary families. He framed the move as restoring access to the American Dream and warned that homeownership has become increasingly out of reach, especially for younger Americans. He linked the squeeze to what he called record high inflation under President Joe Biden and Democrats in Congress. He argued that people live in homes, not corporations, and families should not have to compete with billion-dollar funds for starter houses. The housing market cooled after a pandemic-era boom when prices doubled in many markets. Housing advocates warn that bulk institutional purchases can drain for-sale inventory and push households into long-term renting.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]