❓WHAT HAPPENED: President Donald J. Trump announced steps to ban large institutional investors from purchasing additional single-family homes.
👤WHO WAS INVOLVED: President Trump, large institutional investors, and Congress.
📍WHEN & WHERE: Announcement made Wednesday, January 7, 2026; further discussion planned in two weeks at Davos, Switzerland.
💬KEY QUOTE: “For a very long time, buying and owning a home was considered the pinnacle of the American Dream. 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.” – Donald Trump
🎯IMPACT: Trump seeks to address housing affordability issues and is urging Congress to codify the ban into law.
President Donald J. Trump announced on Wednesday that his administration is taking immediate action to bar large institutional investors from purchasing single-family homes. The President contends that the practice, utilized by alternative asset management firms like Blackstone, has contributed to housing affordability issues facing many Americans.
“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, 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,” President Trump wrote in a post shared to Truth Social on Wednesday.
The America First leader continued, “It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations.”
“I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks,” he added.
The National Pulse reported in June of 2024 that under the former Biden government, mortgage costs began to once again creep up—mostly due to inflation—and caused a spike in foreclosures. This resulted in a flood of residential property sales that drew significant interest from alternative asset management firms, such as Blackstone, which purchased these properties to generate a steady stream of rental revenue for their investors.
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