In an announcement that’s left the corporate real estate industry reeling, President Donald Trump claimed yesterday he will take “immediate steps to ban large institutional investors from buying more single-family homes,” blaming Democrats for making “the American Dream… increasingly out of reach for far too many people, especially younger Americans.”
The president is acknowledging that corporate greed is a primary driver of America’s housing crisis. If he follows through on his announcement, the resulting shift in policy could prove a major thorn in the side of the home-buying industry, including Blackstone, the country’s largest landlord.
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