President Donald Trump is moving to ban “large institutional investors” from buying up United States homes meant for Americans, a move that is likely to be welcomed with bipartisan support.
On Wednesday, Trump wrote in a Truth Social post that he would be taking action to prevent corporations from buying single-family American homes — a growing trend that researchers have said has been a drag for first-time homebuyers, neighborhoods, and quality of life.
Trump said Congress ought to codify the ban into law so that a new administration cannot open the door for investors to buy single-family homes in the future.
“For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing,” Trump wrote in the post, “but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans.”
Hellbound and Down 