by roadside_picnic
59 subcomments
- The key word here is "Wall Street". And this statement is playing off a popular misconception around corporate investors buying up American houses.
There has been a bit of a panic around "Investors buying up all the property!!!" With people often citing Black Rock and Blackstone as the main culprits. But most of the "investors" buying up property are individuals purchasing investment properties.
Here's an article on the topic from 2023[0], a bit old but my understanding is large institutional investment in residential real estate was already starting to cool down.
Black rock isn't buying up all the housing, your neighbors are.
I suspect this statement, and even if it becomes an actual ban, is largely to gain wider popular support around a largely imaginary concern people have.
0. https://www.housingwire.com/articles/no-wall-street-investor...
- It will make very little difference in the end.
Australia's land tax system makes it effectively impossible for large corporations to own large chunks of residential property, but our real estate is amongst the world's most expensive and landlords are still awful - it's just that the landlords are hundreds of thousands of dentists and, yes, software engineers rather than corporate entities.
If you want housing to be cheaper and renters to be better treated, increase supply. Everything else is window-dressing.
by JoshTriplett
10 subcomments
- One additional important detail: if this gets implemented at all, hopefully it does not affect the common practice of having a self-owned LLC owning your home. This is common for the purposes of keeping your personal name out of public records; it is far too easy to link someone's name and address, and people at risk of doxing can do this to protect themselves.
by class3shock
3 subcomments
- "Real estate investors, both individual and institutional, bought one-third of all single-family residential properties sold in the second quarter of 2025"
https://www.cnbc.com/2025/10/07/home-sales-investors-make-up...
As long as we have this focus on using homes as investment and rent prices are kept high through collusion, the industry refusing to build "non-luxury" units, and regulation hurdles stopping new entrants, we will be stuck with this problem.
by georgeburdell
5 subcomments
- This will help out home prices in a lot of lower priced markets, but do little in higher priced markets. In the Bay Area, many houses are bought up by non-occupying internationals. I've been in a couple of such houses. It's bizarre walking into a $5M+ hilltop mansion that's completely bare inside except for a token "student" living out of one room.
- As others have noted:
- Whether this is needed or helps depends not on percentage of owners or buyer/sellers, but on the effect in the market of such players. REIT's have an outsize effect because they are repeat players, and thus lucrative clients for brokers, who qualify themselves by skewing local markets accordingly.
- Policy-wise, it's hard to distinguish by size: second homes, mom-and-pop with a few rentals, REIT, private equity. (This is how corporations get free-speech rights.)
- Politically, it's a shame that a real problem is addressed via scapegoating
- Practically, it will have little effect since REIT's and home builders are sitting on a lot of inventory that they can't sell, so they've stopped accumulating (and they're resorting to secondary offerings to pay off the original investors). Indeed, to the extent this stimulates buying, they're all for it.
- Ethically, the US has been a magnet for money laundering, much of it via real estate, which has pushed up asset prices and de-conditioned professionals. Scapegoating only delays reform.
by pianopatrick
6 subcomments
- I'd be fine with a policy of "you can rent housing you build" for American corporations.
If a corporation thinks there is demand in some city, goes and build housing for that demand and then rents that housing, that is good for the world.
Would be a better policy than letting corporations use their access to capital markets to outcompete individuals trying to buy a house.
- None of this has anything to do with "affordability", which is not about shifting rentals to owner-occupied properties, but rather reducing the monthly cost of residing in areas with opportunity. The notion of home ownership as an absolute good is a driver of unaffordability.
by throwmeaway820
1 subcomments
- Pure populism.
If you believe that banning investors from buying SFHs will decrease the price of SFHs, why not also ban investors from buying apartments/condos?
- Speaking as someone who just sold a house in the Bay Area (Dec!), house prices here are very much "buying the payment".
The valuation of the property goes up and down directly with the interest rate.
The ROI of the house (we bought in 2016) was ~8% on the down payment over the past 10 years, excluding maintenance and interest charges. As an investment, property is not a very good one.
To get that 8% on the down payment, I spent 4% on the remainder. It really doesn't net positive after the mortgage interest (with a 20% down payment). It's about "forced savings" and having control over your environment.
As an aside, since people are stuck in houses (mortgage rates and prop-13), there is a definite lack of starter homes. Everyone adds the second bathroom, meaning there aren't any single bathroom homes to be found. That increases the market floor.
- What about the many, many thousands of homes that have already been bought up?
- Churchill was right!
We’ll try everything except for a land value tax, so that we can eventually prove once and for all that LVT is the right thing to do! :)
But actually, it’s good to see movement on the underlying problem (affordability of home ownership). This is The Domestic American Problem of our times, and it deserves to be closer to the center of the Overton window of our politics and policy-making.
Even if we think this step is kind of meaningless, it draws more attention to the problem, which is a good thing.
by mywittyname
1 subcomments
- Housing prices are rising due to inflation, and specifically inflation on the raw input for houses - lumber, building materials, and labor. Granted, this is not the only reason in all regions, places like California have much more complex, systematic reasons for increased housing prices. But the bulk of the US has housing prices that are somewhat in line with the cost of building, since there's no limit on land to throw cookie cutter subdivisions on.
They don't want to admit that their abhorrent policies are hitting the pocket books of their supporters, so they latch onto popular sentiment instead of solving the problem. Typical of this administration.
I built a house in 2018 for $350k. To build the same house again today would be $650k (and it would probably take twice as long). Surprisingly, the cost of land is not much more than it was 8 years ago. All of that cost increase is in materials and labor.
The problem is, the market value of my house is $550k, at the most. Meaning it's not profitable to build new houses as the market can't sustain them. And who is going to sell their house at less than they can get another one for? Only people who are forced to move, which is probably why the there is such low inventory in the historically cheaper markets.
- Interesting to see that he did not issue an executive order to ban this but called on congress to do so. This is just pandering to the base and election signaling and nothing else, at least for now.
- I have this idea where we pick a desert road as long as possible (maybe road 50 Nevada) then build a 50 000 metric ton machine that makes large rammed earth houses. Perhaps make a mold the shape of a Ferris wheel. Have it stamp out 200 homes per week (2 miles) Road 50 is 400 miles so 200 weeks.
Rammed earth is a very decent building material but if you make the walls thick and compress it hard enough (maybe add steam?) it will last hundreds of years. Other building methods should be considered ofc domed roofs are perhaps not cool enough.
Disassemble the machine, ship the containers and deploy it some place else.
Add some killer features to the homes so that people cant wait to live there. For the first 400 miles at least $30 billion comes out (over 30 years) or $15 bl per year for each year of construction. Should be good enough for investors.
If it works, build additional improved versions. Aim for a factory that makes these machines.
Something like a sane version of the line.
Something like this only 20 times larger.
https://www.youtube.com/watch?v=cKi8VWRDA_c
Something like this but moving.
https://www.youtube.com/watch?v=gn0g68XE3Ds
- Aren't they just fixing the symptom rather than the cause? I.e, people buy hard assets because holding dollars loses value. Make dollar hold its value instead, thus will individuals and companies stop buying up property they don't actually need.
- idk how this would work effectively. There's lots of affordable homes they're just located where no one wants to live. You'd have to focus on HCOL locations and make them not so high cost which seems something that should be done at the local level.
You can increase supply but investors would just snatch them up. Maybe the feds could put a cap on the value of a single-family home that an institution can own and then make ownership very tedious. For example, no institution can own a home valued at more than $500k and for each home owned a quarterly filing must be made in person at the county the home is located. I'm sure these organizations would rather own very high value homes than lots of low value ones out in BFE.
- This is largely a good move. There are plenty of whales, once those 5% disappeared, price should slowly come down. ( The Hong Kong Housing market is the one worth studying ) Next would be increase supply, and may be if needed, additional tax for individuals owning more than one home or when they buy 2nd home. Largely making housing as an asset not attractive for certain group of investment.
Housing continues to be the biggest problem in modern world and yet it is a problem not resolved.
by raw_anon_1111
3 subcomments
- If I were renting a house, I would much rather deal with a business than an individual landlord.
On another note, it’s amazing that in only a year, we accept a dictatorship where we are okay with the President setting policy that should require a law to be passed.
by smileysteve
0 subcomment
- So close to realizing the issues with the 2018 tax bill.
- 20% maximum corporate tax
- Personal Salt cap
Made it less expensive for an llc to buy a home than for most individuals.
To make individual ownership on par with corporate, individuals need to be in a lower tax bracket, be able to deduct taxes
, interest, and insurance. And the $10k cap really hurt the ability for local property taxes to make it better for the individual. The new $40k cap may put it slightly towards the individual in some jurisdictions.
But raising corporate rates or reducing corporate deductible expense re real estate is the most efficient policy to encourage individual ownership.
- Actually, not a bad policy idea. But it is not enough to solve the set of problems that arise when you take a basic human need (housing) and subject it to market forces--inexorably the ability to profit from the need drives costs higher than is affordable for some "market participants," leading to death.
Small investor ownership in single-family homes (for both short- and long-term rentals) have been devastating to communities. What is the right number of single-family homes to permit individuals/trusts to own and how do you disincentivize small empires?
Wall Street investor monopoly ownership of dense housing in urban areas remains a major cause of rents outstripping income (see Blackrock's 2020-2025 market takeover and subsequent market manipulation of apartment rental rates in San Diego). Simple policy solution: trust-bust apartment ownership. Harder, more effective policy solution: municipality ownership of apartment blocks a la European cities.
If regulators allow the same behaviors with water, you can expect a similar set of harms.
- They will continue trading the ones they have as LLC holding companies.
- It's not going to solve the housing issue and is mostly for press (and it's not even getting into ulterior motives), but it might help with preventing a longer term issue of large investors becoming a major issue. Additionally, I wonder about the choice in properties as properties aren't fungible.
by Electricniko
0 subcomment
- I wonder if this would include the real estate investment startup that Jared Kushner co-founded.
by riazrizvi
4 subcomments
- This will absolutely help. It’s easy for these institutional players to downplay their involvement with select stats, to play PR defense, but platforms like Zillow work with institutional funds to sell them an information advantage that means they are at the end of the market that does the most upward impact on pricing.
People don’t have a natural feel for how little you need to alter flow to cause liquidity in a system to collapse.
- What counts as "Wall Street" here. Is it any investment property? After some threshold of owning many homes? If so, how many? 10? 10,000? Something else? Is it net worth? Maximum number of beneficial owners? You must title them in a natural person's name instead of a corporate entity? Your service address for your corporation is on wall street in NYC?
Which option is being proposed vastly changes the merits and problems of this policy, so it's a poor choice that this isn't made abundantly clear.
- So if you aren't staying long enough to want to deal with a mortgage, you'll be stuck with an apartment only?
by AbstractH24
0 subcomment
- Even if this won’t work in practice it’s one of the things I’ve found myself agreeing more with than anything else done by the current White House/congress
- It seems like the root cause is to increase the supply by all means possible. Ban NIMBY instead, support more building, both with already existing infrastructure and with creation of the new one.
- How is Wall Street defined? How would they enforce it? What is preventing a large corporation from registering a new company to buy every house? Also this is just a call to action, nothing written up in a law yet. We will see how it goes, if at all it's implemented.
by felineflock
2 subcomments
- The root cause for the low affordability seems to be that most people don't want to sell a house purchased at 3% interest and have to pay for a new one at 6%.
That and zoning restrictions too contribute for the lack of supply.
- Sounds like federal outreach over what is probably within states' jurisdiction.
- Housing simply cannot be both an investment AND affordable.
by mellosouls
1 subcomments
- I wonder if we will one day look back and wonder at the morality of a society that considered homes suitable targets for investors of any stripe.
by rssoconnor
1 subcomments
- I don't actually know anything, but I've been wondering lately: is higher house prices simply a consequence of Baumol's cost disease? If so, then there is kinda nothing we can do about it, right?. Higher house prices is simply a consequence of improved productivity elsewhere, and thus it is necessary to spend a larger fraction of one's income on housing.
- As usual, the US continues to do everything possible about the housing shortage except actually building enough housing.
- It is going to be fascinating to see how the impacts of this will ripple through the housing market.
Two areas I'm particularly curious about are a) the financing of new construction, and b) the sale prices of SFHs.
- More like the housing bubble peaked and with this fund managers have a way to save face while fleecing investors.
by BanAntiVaxxers
0 subcomment
- It figures that by the time I can finally afford a vacation home, somebody is going to yank up the ladder.
- One of rare instances I'll say it: make owning a second home a major tax liability and 0 takes breaks for building or ownership.
Not that because "we have a right to housing" or other catchphrases, but because getting rid of the government sponsored local monopolies is impossible.
by alfiedotwtf
0 subcomment
- Anyone want to bet that this will cause the Second Order effect of no more new single-family homes being built and instead move more and more future development into co-living dwellings.
Given this, it’s inevitable - the New American Dream will be communal living.
by Workaccount2
0 subcomment
- Well that's going to do nothing.
But at least people eating the chaff of property owners will celebrate it, I guess.
by snowwrestler
0 subcomment
- The actual headline is “Trump says he will ban Wall Street investments in single-family homes,” which is a more accurate description of what happened: one social media post by the president, asking Congress to do something. Nothing has actually changed yet.
by pinkmuffinere
1 subcomments
- Wow this is exciting. I tend liberal, but I think this sounds like a bad policy lol. My understanding of the existing research is that rent control tends to decreases the motivation to increase supply, and I think this should do the same
by abustamam
1 subcomments
- There's a service called Arrived (I believe Jeff Bezos invested) that lets people buy fractional shares of single-family homes and earn a proportional share of the rent. If you sell, you're effectively selling your percentage of the property.
As a renter, I was drawn to this as a way to get some exposure to real estate, and I ended up investing in a vacation rental. At the same time, I'm pretty conflicted about it. Profiting from vacation housing feels different to me than profiting from people’s primary shelter, which is a basic necessity.
More broadly, I think as long as the incentives of property owners and renters are fundamentally misaligned, it will remain extremely difficult for middle-class folks who don't already own property to break into the market. The system optimizes for extracting rent, not for creating new owners.
- What about investors from other stock exchanges and locales? I don't understand why the phrase "Wall Street" is being included in this.
by Aurornis
17 subcomments
- Even if this goes through without a mountain of loopholes and exceptions, I doubt it will have a significant impact. "Wall Street Investors" implies they're targeting large institutional ownership, which is only around 0.5% of housing ownership as cited in the article. That number is also flat-ish or maybe decreasing depending on the chart you look at, from what I recall.
Outside of a few metro areas where institutional ownership is very high, I don't think this would change anything. As long as houses remain an attractive investment, non-institutional smaller investors will happily buy the properties for a few thousand dollars less than the institutions would.
Anyone familiar with basic economics is pulling their hair out reading this, because there's one extremely obvious way to lower the price of building new housing: Reducing or eliminating tariffs on construction equipment and materials and ensuring a robust supply of low-cost labor.
- What about REITs!? They are a crucial source of portfolio diversification!
- "Trump says" is not the same as "US will"
Trump says a ton of things that he never ends up doing.
by emodendroket
0 subcomment
- Crowd pleasing policy that will not make any difference to the problem.
- This is excellent news if it can actually be enforced.
by legitster
2 subcomments
- Investor owned housing is a bit of a sensationalist scapegoat. Publicly traded companies account for a tiny, tiny fraction of available single family homes in the US. And so long as the tax code doesn't change, it strongly favors private/individual homeowners, and corporations only account for the margins where housing appreciates so fast or rental incomes are disproportionate to asset values.
This is an easy thing for Trump to promise (after all, little family-owned real-estate developer operations like his would never be affected). But who owns the homes is not going to change the problem that Americans have underdeveloped housing supply by over a million homes.
- So, REITs?
There is so much money there I expect some immediate pushback or a built in loophole.
Can’t buy a single home but an entire community is okay.
- the carve outs will be insane and defeat the whole point
absolutely, easily predictable
what should be a one page bill will have riders of insanity
they'll probably do it like they do with corporations having more than 15 employees, so every little business just has 15 people contracting out to the next business with 15 people etc., there will be a corporation for every 15 houses etc.
by SpaceManNabs
0 subcomment
- Does wall street investors include private equity? i thought i was pretty sure that is most of the problem, but maybe i am wrong.
- Actual title: "US will ban Wall Street investors from buying single-family homes, Trump says"
Trump, notoriously, says all sorts of things.
I'm sure this'll come right after he finishes his healthcare plans in "two weeks".
by 8bitsrule
1 subcomments
- Don't hold your breath.
It needs to be illegal for anyone to buy a single-family home that already owns one, and who won't agree to live in it, full-time and exclusively for at least one year. They must also agree to sell it ONLY to someone who also accepts the same terms. The penalty should be a criminal fraud charge with minimum jailtime -and- a hefty penalty.
- Either a) this is window dressing and nothing material will change or b) there's a housing crash coming.
by guywithahat
0 subcomment
- Why do they not link Trumps posts? I would really rather be able to see what he said, and this was something he posted online to truth social
Edit: I think this was the post https://truthsocial.com/@realDonaldTrump/posts/1158550595275...
I guess they didn't link it because it changes the meaning of the article, his post reads more like he's going to discuss it and wants to do something about it.
- This mentioning of 'Wall Street' with investors if typical for the kind of populist argument that is used to argue that banning investors from buying houses is a good thing.
What would this 'Wall Street' even mean? Would it mean that companies listed on the stock exchange are banned but privately owned companies not?
Anyhow, I argue that investors are positive for the the house market. They shouldn't be banned. Investors provide enough liquidity to the market so that the building companies have enough certainty to invest in large housing projects, because they know that their properties will be sold quickly.
If investors would be banned they would sell their houses eventually as well but it would take much longer.
Similarly, investors improve mobility and throughput. An individual putting his house for sale will find a buyer much faster when investors are in the buying market, who are willing to buy up a house when nobody else takes it and sell it for a better price later.
So: sellers sell faster, so they can move out and buy a new home faster as well: mobility in the house market increases.
In IT terms: investors function as a buffer.
- Corporations can build their own buildings and rent them out, keep them out of the second hand market.
- Headline is very misleading. Reuters prefaces this with "Trump says" which is weaselly enough.
Quote from the article: "In a post on Truth Social, Trump said he was immediately taking steps to implement the ban which he would also call on Congress to codify in law."
The president can't do this. His EO will likely be some kind of statement of intent or request to the FTC to see what can be done. Really, this is an exhortation for Congress to do something. A bill has yet to be written.
- my first reaction was that the counter in the top right seemed like a really low number, but i think i was interpreting it wrong - that's the number of rides in progress, not a cumulative counter for the day, right?
- "Houses are for living, not for speculation" spreads to the Imperial Core
- This is good for homeowners. Bad for renters.
Why? Housing prices will rise, rents will rise.
- A lot of people live in apartment complexes and this won't cover those.
by micromacrofoot
0 subcomment
- how is this going to help when they already own it and new housing is built at a snail's pace? investors pulling up the ladder behind them
not that I expect it to even happen at all
- Ban predatory private equity altogether.
- The title change here is editorializing. It’s not a given that this will be implemented and the original title reflects that: “Trump threatens to ban Wall Street investments in single-family homes”.
- How about we stop companies from buying up properties to turn into airbnb/short term rentals, unless its a company that flips homes. Those we need.
by wanderingmind
0 subcomment
- Corporations are people under the current SCOTUS interpretation. Which means they have the same rights under the US Constitution, so this should be struck down in no time in the courts. Another nothing burger likely to end up just manipulating the equity market and the derivative markets in the short term for large investors to capitalize.
by Glyptodon
1 subcomments
- Just build more housing, the whole "let's make rules to avoid the easy and obvious solution" trend annoys me.
- I feel the numbers that show investment groups that own X number of homes is highly misleading. More than likely these investment groups form multiple companies when they buy up the homes. Likely state or regional. From there the larger parent company is invested. So I wonder if there are hundreds or thousands of "small" investment groups that are essentially a shell for a larger private equity group.
So my big worry is that the Trump admin will say they are going to only eliminate the most obvious cases and the problem will remain. The LLCs and shell corps, etc.
EDIT: Also it does not address the massive amount of housing stock that is foreign owned by people that don't even live in the country.
- Even if they do it's a little late at this point, plus I don't believe it, since Trump and most people in the admin are too friendly (borderline controlled) by the people who are friendly/control entities like Blackrock, it's either beneficial to them to stop the competition from doing it since they bought enough for now or there is a big gotcha in there.
I know how that paragraph reads, but the past couple of years have made me too cynical to trust anything they say they're going to do.
- Seems reasonable to me, a very anti Trump individual. Now deliver.
And which of his buddies does this benefit?
I'm trying to think if there will be ramifications to this...
- Obviously forced divestment of all Wall St owned single family homes could impact housing prices which is both the point, but of course... also hurts many families borrowing power and net worth
- I guess that crash could potentially have people paying lots of money for homes that aren't worth that much anymore, which sounds pretty negative
- Of course... wow, would it be nice to be able to afford something in the city I love (which I doubt will be impacted by this)
Of course, no clear plan here. Just Trump saying something, why wasn't the "Trump says" part kept in the headline here?
by next_xibalba
0 subcomment
- Just build more homes. JUST BUILD MORE HOMES.
- Hopefully this happens so people can stop blaming institutional investors for high home prices once this fails to work. Then maybe we can work on actually building homes.
by Ericson2314
0 subcomment
- Stupid populism. Homeownership is bad policy, and I welcome private equity buying it all so we are finally disabused of it.
(Of course, they were not buying it all.)
by wewewedxfgdf
1 subcomments
- Wow. Usually everything is about the money.
by renewiltord
1 subcomments
- Interesting that Blackstone stock is the same as a week ago. Either this can't be done, or it can be done and they're exempt, or it will be reversed.
- Even if their negative impact is a fantasy, they provide no benefit. There is no reason we shouldn't ban them.
- Why is it as a soon as a politician announces they will start in the future to have a concept of a plan at tackling an issue, many people react as if it’s already done?
No actual implementation steps have been taken or explained. Will this happen before or after the health care plans are released? Before or after the still pending infrastructure bill?
“ Trump said he was immediately taking steps to implement the ban, which he would also call on Congress to codify in law. *It was not clear what steps he would take*”
- It was not immediately clear what legal authority Trump would draw upon to impose such a ban on the private market purchases of houses. Trump did not detail the policy, the form it would take or the legal changes he was seeking from Congress.
The White House did not immediately respond to a request for comment. The U.S. president was due to sign unspecified executive orders later on Wednesday.
Anyways, I thought that issues with Americans being able to afford things like housing was all a hoax made up by Democrats?
Why craft policies to address a made up issue?
by jspaetzel
1 subcomments
- They should just increase the taxes on rental income to make it less profitable. It's too easy to be a bum landlord.
by YY4893438276
0 subcomment
- Trump will get the boss call from Jamie Diamond or any of his other donors and quietly drop this, or sneak in a loophole big enough to walk an elephant through.
by asimpleusecase
0 subcomment
- Seems like a good start. Then ban this as an asset class for scale investors so they have to release existing inventory.
- I get that title length is limited, but the "Trump Says" in the title is a pretty significant detail. He "says" things all the time.
by johnnienaked
0 subcomment
- There goes my home value
- How does this affect Arrived?
- It might help in the long term, as it can force cities to stop densifying. And as we all know by now, densification is the leading cause of unaffordability. The US has more houses than households, but people are forced by economic forces to move into denser and denser areas.
But short-term it'll hurt availability. One of the most common ways to enshittify cities is buying an SFH, demolishing it, and plopping a 3-4 apartment complex in its place.
by dolphinscorpion
0 subcomment
- "US will ban"
More like Trump said today that he will try to ban...TACO and all
- Believe it when you see it folks. No sooner.
- Great news!
by ratelimitsteve
0 subcomment
- title of post is "US will ban", title of article is "Trump threatens to ban". OP why are you misleading people?
- Yea, right. "Wall Street" has publicized lashings and rules, but there's also a backdoor. And they obviously have a strangle-hold on rentals.
The end game for capitalism is for everyone to rent everything: healthcare, cars, software, music, physical items, roads, etc.
by mountainb
1 subcomments
- There is a conservative case for this in that the 30 year fixed mortgage, combined with all of the foreclosure protections both old and new, amount to a government benefits program. Historically, this type of mortgage was developed to promote family homeownership. The mortgage systems have continually blown up in "crises" in part because it's a product of policy more than it is a market product. This is partly why investors both corporate and small flipper types actually do cause serious distortions: the US housing market is a welfare program first and a market for bundled land and houses second.
No one wants to abolish this welfare program (you would have an easier time abolishing Social Security), but also the government wants to keep the trappings of a market price system. It is easier to have serial crises and to blame some guys for the predictable explosions every time, adjust the laws to create enormous numbers of lawyer billable hours nationwide, and then set the stage for the next crisis and the next round of patsies to be blamed. Fortunately, this time we have AI to write all the think pieces about what it really means.
- This headline is wrong. It’s just something Trump said and any mechanism to do this seems dubious at best. The entire idea is likely unconstitutional.
by stevenalowe
0 subcomment
- Um… banned by what authority? I fail to see how this is legal. Same as banning obese people from buying cookies
- Submitted editorialized title in a misleading way.
Correct title is: "Trump says he will ban Wall Street investments in single-family homes"
by shevy-java
0 subcomment
- The TechBros currently run the country, so I don't buy into anything the current government does in regards to Average Joe, including family homes.
- Ironic this coming from the king of scummy landlords
- People want the value of their house to go up after they buy it, but stay low before they buy it. This is all nonsense. If people in an area keep breeding, housing costs will go up. It's that simple. Increasing housing prices are actually one of the only checks that keep humans from overbreeding and ruining large swaths of desirable places to live.
by kingstnap
3 subcomments
- > "People live in homes, not corporations," Trump said.
Very surprisingly progressive opinions from Trump.
I do completely agree though, the consumer surplus of housing should be captured by people. Not investors looking to profit.
It's extremely toxic to society when investors get to eat the utility of housing.
- This is another non-solution from Trump. Similar to the "no taxes on tips" nonsense that applies to almost no one since the cap is so high. It's a populist move that doesn't address the problem but appears to be a good thing for working class people at first sight.
by insane_dreamer
0 subcomment
- I'll believe it when I see it in action.
- Reuters taking the regime seriously is weird.
by siliconc0w
0 subcomment
- Yet again the Trump admin identifies an issue but misses the nuance. We want investors to encourage more homebuilding, the problem is more regional concentration - in regions where PE owns a big enough % of the homes that they can monopolize and control the rents. Or NIMBY policies (where the federal government could dock funding to states that don't build to match population growth).
by websiteapi
0 subcomment
- They should go all out and nationalize zoning. Let it be challenged all the way to Supreme Court. Trumps developer buddies get paid, the grift continues and the housing crisis is eliminated.
Do it. Do it now.
by 01HNNWZ0MV43FF
0 subcomment
- Now ban everyone from buying them :P Tax the land
- So there are (at least) six important aspects to the housing crisis.
1. Politically, this issue is a winner and it's crazy that the Democratic Party has refused to bang the drum on this, basically because it potentially upsets corporate donors. They have instead ceded this poopulist political ground to the Republican Party. The Democratic Party does not want to win elections and this should never have been more obvious than the 2024 presidential election;
2. Hoarding housing is state-sanctioned violence. You need housing to live. Housing affordability is the number one factor in homelessness [1]. That then subjects people to violence and danger that we, as a society, are allowing to happen. There is no reason that the wealthiest country on Earth can't provide a roof over the head of every man, woman and child within our borders;
3. The private sector will never solve the housing crisis because solving the housing crisis involves devaluing, definancializing and decommodifying housing. Wealthy people and large corporations who own a lot of real estate won't on their devalue their holdings. Things like Ezra Klein's Abundance claptrap are simply putting a Democratic bow on Reagan era trickle down economics and deregulation. This requires state action. That means the state needs to build significant amounts of housing to provide to people to regulate the housing market. The poster child for this policy is Vienna, Austria;
4. Voters have fooled themselves into thinking that increasing house prices are good for them. They're not. They're bad in virtually every way. There are people who bought a house for $100k in 1990 where that house is now worth $2M. Are you $1.9M richer? No. Because if you sell it what happens? You have to buy another house. And if every other equivalent house costs $2M you still only own one housing unit's worth of wealth;
5. Increasing house prices are simply stealing from the next generation and suppressing wages. Why suppressing wages? Because if you're laden with debt, you'll be a complaint little worker bee. You need that paycheck to not be homeless. You are in effect a debt-slave, particularly combined with student and possibly medical debt; and
6. The next wave of antitrust action will involve the use of AI as a means for market collusion and manipulation. A great and relevant example is RealPage [2]. If all the landlords use the same software and that software is designed to algorithmically increase rents, then that's market collusion. Honestly, dynamic pricing in general needs to be banned.
[1]: https://www.pew.org/en/research-and-analysis/articles/2023/0...
[2]: https://www.justice.gov/archives/opa/pr/justice-department-s...
by fleroviumna
0 subcomment
- [dead]
by OGEnthusiast
1 subcomments
- [flagged]
by downrightmike
3 subcomments
- [flagged]
- [flagged]
by michaelteter
0 subcomment
- Will not happen with the current administration.
Like so many other big promises, it will appease a lot of people, but there will be no real follow through.
Any regulation that prevents unrestrained capitalism is immediately decried as socialism and therefore evil.
These kinds of promises are made which temporarily create market volatility, and once it later (usually quite soon) becomes clear that the big thing will not actually happen, the markets snap back. At this point, it’s incredibly likely that these situations are manufactured to both look good AND create large short term investment gains for people in the know - without actually changing anything.
by calvinmorrison
0 subcomment
- Simple test
If anyone thinks this is not a problem, why would they comment, it would be irrelevant as banning salmon from participating in taikwondo
Instead everyone says how it's so false and this is just silly. This tells me - they are liars and it isn't silly at all
- A clock is right twice a day
- I’m from the government and I’m hear to help!
- There is hope for humanity.
by almosthere
2 subcomments
- How about stopping all non-occupants from buying properties.
- Anything bad for Wall Street is generally good for the rest of us.
by jonplackett
1 subcomments
- Just ban corporate ownership of private homes. Ban second homes altogether.
by mattmaroon
0 subcomment
- There will be no way to enforce this such that “Wall Street” can’t easily get around it, so it is clearly for show and not an actual attempt to solve a problem.
- This is a good thing, the next step however is to block the guys that use sites like BiggerPockets.com from buying up more then 5 single family homes. I know a whole bunch of guys who own 10 or more houses. That is excessive. We need to limit all investment of single family housing. Apartment complexes? Be my guest buy all you want, build all you want. But lets keep our neighborhoods full of people who can actually live in them.
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