Politics

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In-depth political discussion from around the world; if it's a political happening, you can post it here.

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Trump says he will ban big investors from buying single-family homes (www.theguardian.com)

submitted 2 days ago by Powderhorn@beehaw.org to c/politics@beehaw.org

15 comments fedilink hide all child comments

This is a week old, but it flew under my radar. Even a broken clock, usw.

Donald Trump said his administration was moving to ban large institutional investors from buying single-family homes in a bid to reduce home prices.

In a post on Truth Social, his social media platform, the US president said he will be asking Congress to codify the measure and will be discussing additional housing and affordability proposals in a speech at the Davos World Economic Forum.

Trump capitalized on concerns around affordability during the 2024 presidential election campaign, pledging to rapidly reduce the cost of living for millions of Americans.

Since he returned to power a year ago, however, concerns around prices and affordability have persisted as inflation remained stubbornly above typical levels. ICE officers on wintry street next to car with driver's door open

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[–] genuineparts@infosec.pub 7 points 1 day ago* (last edited 1 day ago)

He clearly misspoke: "He'll ban single families from buying away Houses from institutional investors."