US President Donald Trump is taking a significant step towards curbing rising home prices by proposing to ban big investors from purchasing single-family homes. According to Trump, this measure will help bring down the already unsustainable cost of living for millions of Americans.
Trump's move comes as inflation remains above typical levels despite his administration's efforts to tame it. With median sale prices at $410,800, according to the US Census Bureau, the country is witnessing a housing market that has become increasingly unaffordable for many buyers.
The president believes that home ownership is no longer the "American Dream" it once was, and he puts the blame squarely on his predecessor, Joe Biden. Trump claims that high inflation under Biden's leadership has made homeownership an unattainable goal for younger Americans.
Trump plans to push for this ban through Congress, which would prevent large institutional investors from buying single-family homes. He wants to ensure that people are not mistaking corporations for individuals when it comes to owning a home.
The move is also part of Trump's broader housing and affordability agenda, which he will discuss at the World Economic Forum in Davos. As he prepares to address top executives and world leaders, expectations are high that his proposals will be a major talking point.
Critics argue that such measures could have unintended consequences on the market and limit access to affordable housing for buyers. However, Trump's administration is convinced that this ban is necessary to bring down home prices and make homeownership more accessible to all Americans.
Trump's move comes as inflation remains above typical levels despite his administration's efforts to tame it. With median sale prices at $410,800, according to the US Census Bureau, the country is witnessing a housing market that has become increasingly unaffordable for many buyers.
The president believes that home ownership is no longer the "American Dream" it once was, and he puts the blame squarely on his predecessor, Joe Biden. Trump claims that high inflation under Biden's leadership has made homeownership an unattainable goal for younger Americans.
Trump plans to push for this ban through Congress, which would prevent large institutional investors from buying single-family homes. He wants to ensure that people are not mistaking corporations for individuals when it comes to owning a home.
The move is also part of Trump's broader housing and affordability agenda, which he will discuss at the World Economic Forum in Davos. As he prepares to address top executives and world leaders, expectations are high that his proposals will be a major talking point.
Critics argue that such measures could have unintended consequences on the market and limit access to affordable housing for buyers. However, Trump's administration is convinced that this ban is necessary to bring down home prices and make homeownership more accessible to all Americans.