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

rjs330

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I don't think there are enough illegals who own their own homes to make much of a difference.
I don't know if thats true. Here's the two things I am considering. One which is not just ownership but rentals as well. Rental costs go up as demand rises. Demand rises when rhere are a lot of illegals renting houses. If we got rid of 20 million illegals that would provide less pressure on the cost and availability of rentals.

Secondly, I don't know how many illegals own homes. But homes can purchased by those who wish to rent it out. And if the rental market is big enough instead of house simply being sold to buyers who want to own, they are being snatched up by those who see a larger rental market due to the pressures of a large group of illegals.
 
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essentialsaltes

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Fox Business host Maria Bartiromo asked Bessent during a forum Tuesday at the 2026 World Economic Forum about President Donald Trump's threat to ban “large institutional investors” from buying up single-family homes, and Bessent expressed support for his "good idea" but said further clarification was needed.

“We are going to give guidance at some point to see what a mom and pop is,” Bessent said. “Someone, maybe your parents for their retirement, have bought five, 10, 12 homes.”

“So we don’t want to push the mom and pops out," Bessent added. "We just want to push everybody else out."
 
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comana

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Just...what?
Here I am worried I’ll be priced out of my own home with the ever increasing, annual cost of property tax and insurance, but what I really need to be doing is buy up 9 more homes and I’ll be set for retirement. ( Says the out of touch billionaire appointed by Trump)
 
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