Trump says U.S. to ban large investors from buying homes

ThatRobGuy · Wednesday at 2:50 PM

https://www.cnbc.com/2026/01/07/trump-housing-affordability.html

“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,” he added.

Private equity giants, real estate investment trusts and other large institutional investors have amassed sizable portfolios of single-family rental homes over the past decade. Many have argued that these investments have reduced housing supply for would-be homeowners and helped drive up prices.

I would hope that this effort would get some bipartisan support.

Aryeh Jay · Wednesday at 2:57 PM

Perhaps with those 50 year mortgages we can have a functioning middle class.

PloverWing · Wednesday at 3:16 PM

Wow, am I actually agreeing with Trump on something? Yeah, this sounds like a good idea, assuming they can work out all the legal fine print.

Richard T · Wednesday at 3:19 PM

Who is helped - Those looking to buy. Presumably, small landlords too.
Restricts prices so lower inflation at first. That cuts two ways because lots of homeowners make bank too. Hurts builders for sure. Surprised Pulte might like this.
Long term fewer builds will create even more supply shortages. Same affect as rent controls. Less inventory for rentals will hurt those who cant qualify for homes to buy.

I think this is popular with people but most lobbyists will be against this; so hard to pass. It should be bipartisan. True conservatives should oppose. It is a step toward socialism because the state is regulating the market even more.
The Wall Street Journal ran an article calling for more assumable mortgages so people can move and keep the value of their lower mortgage rate.

GoldenBoy89 · Wednesday at 3:24 PM

Assuming there’s no catch here, this actually sounds like a good and very much needed proposal.

MotoToTheMax · Wednesday at 3:42 PM

Sounds great. I'll put it on the list of things I expect him to follow through with that I'd like to see, right next to that Healthcare plan. Any day now. Yup. Right around the corner.

Aryeh Jay · Wednesday at 3:48 PM

MotoToTheMax said:
Sounds great. I'll put it on the list of things I expect him to follow through with that I'd like to see, right next to that Healthcare plan. Any day now. Yup. Right around the corner.

Healthcare is after the Obama birth certificate his people recovered from Hawaii. Oh, and his 2016 taxes.

Delvianna · Wednesday at 4:01 PM

It's driving up the housing cost to make it to the point where people can't afford to buy anything. People can't buy homes when businesses are giving 50,000 over asking price. So its forcing people to buy new which then isn't a bargain either as you're still paying premium price. Putting this in, will finally lower the market and millennials can finally start being able to afford a house. One can hope.

wing2000 · Wednesday at 6:10 PM

....after Trump's announcement:

"Invitation Homes, which is the largest renter of single-family homes in the country, tumbled 6%. Shares of Blackstone, an investing firm that owns and rents single-family homes, dropped more than 5%. Private equity firm Apollo Global Management also declined over 5%."

I hope they he and the Congress can pass legislation that withstands a legal challenge.

Delvianna · Wednesday at 6:15 PM

wing2000 said:
....after Trump's announcement:

"Invitation Homes, which is the largest renter of single-family homes in the country, tumbled 6%. Shares of Blackstone, an investing firm that owns and rents single-family homes, dropped more than 5%. Private equity firm Apollo Global Management also declined over 5%."

I hope they he and the Congress can pass legislation that withstands a legal challenge.

As someone who is currently renting from Invitation Homes (and didn't know they were that big, which made me want to throw up), I can't stand them (moving after lease is up) and I hope their company dies.

Larniavc · Wednesday at 6:29 PM

ThatRobGuy said:
https://www.cnbc.com/2026/01/07/trump-housing-affordability.html

“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,” he added.

Private equity giants, real estate investment trusts and other large institutional investors have amassed sizable portfolios of single-family rental homes over the past decade. Many have argued that these investments have reduced housing supply for would-be homeowners and helped drive up prices.

I would hope that this effort would get some bipartisan support.

Crikey. This actually seems like a good idea. From Trump no less.

Cautiously optimistic.

Bradskii · Wednesday at 7:06 PM

Larniavc said:
Crikey. This actually seems like a good idea. From Trump no less.

Cautiously optimistic.

Ditto.

Hank77 · Wednesday at 7:47 PM

Larniavc said:
Crikey. This actually seems like a good idea. From Trump no less.

Cautiously optimistic.

Mid-term elections... he needs Republicans elected to pass these sorts of promises, which everybody loves. Promises that may never...

Aryeh Jay · Wednesday at 8:36 PM

wing2000 said:
....after Trump's announcement:

"Invitation Homes, which is the largest renter of single-family homes in the country, tumbled 6%. Shares of Blackstone, an investing firm that owns and rents single-family homes, dropped more than 5%. Private equity firm Apollo Global Management also declined over 5%."

I hope they he and the Congress can pass legislation that withstands a legal challenge.

Perhaps we can use some of the massive tariff windfall and our recently discovered oil deposits to help cover these companies financial losses.

Tuur · Wednesday at 8:40 PM

Richard T said:
Who is helped - Those looking to buy. Presumably, small landlords too.
Restricts prices so lower inflation at first. That cuts two ways because lots of homeowners make bank too. Hurts builders for sure. Surprised Pulte might like this.
Long term fewer builds will create even more supply shortages. Same affect as rent controls. Less inventory for rentals will hurt those who cant qualify for homes to buy.

Are you thinking about those who build subdivisions on spec?

Tuur · Wednesday at 8:45 PM

Delvianna said:
It's driving up the housing cost to make it to the point where people can't afford to buy anything. People can't buy homes when businesses are giving 50,000 over asking price. So its forcing people to buy new which then isn't a bargain either as you're still paying premium price. Putting this in, will finally lower the market and millennials can finally start being able to afford a house. One can hope.

Not sure about that. Had our house not had an unfortunate history, we likely couldn't have afforded it, and that was a long time ago. Inflation is part of it, but so is demand as people move in from out-of-state, at least locally.

Richard T · Thursday at 2:02 AM

Tuur said:
Are you thinking about those who build subdivisions on spec?

I was assuming all single family builders would be hurt. Perhaps some not as much as others? It should help apartment builders as fewer rentals would exist in single family dwellings. Could be though that existing homes owned by groups like blackstone could be carried? Overall its probably good for the short term, slighty bad for future years. The market will just correct to a new eqiulibrium that includes more government interference.

Nithavela · Thursday at 3:20 AM

This feels like closing the door after the horses already bolted. Unless this is combined with bring a sizeable amount of the houses already bought into the open market, it's not going to do much in the foreseeable future.

Tuur · Thursday at 5:34 AM

Richard T said:
I was assuming all single family builders would be hurt. Perhaps some not as much as others? It should help apartment builders as fewer rentals would exist in single family dwellings. Could be though that existing homes owned by groups like blackstone could be carried? Overall its probably good for the short term, slighty bad for future years. The market will just correct to a new eqiulibrium that includes more government interference.

I used to work at this for summer jobs. Most house construction are by family owned businesses, and these usually build houses for individual owners. It's when you move up to the subdivision level that things change. Larger outfits built / build subdivisions full of houses to sell. Our first tip-off that the housing bubble way back was about to burst was unsold houses in subdivisions, or at least that was the case locally. That's the basis of my question.

I don't see this hurting individuals having someone build them a house on their own land, or those that build them. That's a different critter than building subdivisions full of homes for sale. I'm not sure that stepping in to prevent institutions from owning a number of homes would even hurt that, though it might. What it will affect are companies that buy foreclosed homes or homes that come up in tax sales, or just buy groups of homes outright and then rent them.

Is that a good thing or bad? I don't know. The premise seems to be buying up large number of homes to turn into rentals creates a monopoly and rising rent prices. I'm not convince about that, but here we're too rural to have such companies.

Tuur · Thursday at 5:42 AM

Nithavela said:
This feels like closing the door after the horses already bolted. Unless this is combined with bring a sizeable amount of the houses already bought into the open market, it's not going to do much in the foreseeable future.

The unfortunate thing is that the legals are filled with homes coming onto the market in the form of foreclosures and tax sales (failure to pay property taxes). Anyone with the money can buy them. Some states allow property from tax sales to be redeemed for a certain period of time, but that varies from state to state.

My assumption is that these companies are mostly buying homes that come up this way. That is an assumption; I don't know if that's the case. I've a friend who buys such property occasionally to fix and resell or as a rental, but nothing on the scale of a company that does that. Or it could simply be a company that buys property that comes up on the market.

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Trump says U.S. to ban large investors from buying homes

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