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.”
www.breitbart.com
This is something that will need to be codified into law. Where corporations have swallowed up a lot of single family homes, duplexes, etc., they should have to sell them. A corporation might have a limited need for a number of homes for some employees, so a law should allow for a few homes to be owned by corporations. There should probably also be a limit on how many apartment complexes a single company can own. Too many in one hand could lead to overly high rents.
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.”
Trump to Ban 'Large Institutional Investors' from Buying Up U.S. Homes
President Donald Trump is moving to ban "large institutional investors" from buying up United States homes meant for Americans.
www.breitbart.com
This is something that will need to be codified into law. Where corporations have swallowed up a lot of single family homes, duplexes, etc., they should have to sell them. A corporation might have a limited need for a number of homes for some employees, so a law should allow for a few homes to be owned by corporations. There should probably also be a limit on how many apartment complexes a single company can own. Too many in one hand could lead to overly high rents.
