President Donald Trump has announced plans to ban large institutional investors from buying single-family homes in the US. Trump stated that he is taking immediate steps to implement the ban and will be calling on Congress to codify it. He argues that corporate ownership of homes has contributed to making housing unaffordable for everyday Americans, particularly younger generations.
The move targets private equity giants, real estate investment trusts, and other large investors that have acquired significant portfolios of single-family rental homes over the past decade. Critics of these investments argue that they have reduced the housing supply available for individuals and families. Trump framed the issue as a threat to the "American Dream" of owning a home, which he claims has been pushed out of reach due to record-high inflation.
It remains to be seen how Trump's plan will be implemented and what specific steps he will take to achieve the ban. The proposal may face opposition from investors and lawmakers, and its impact on the housing market will depend on the details of the policy and how it is enforced.