President Donald Trump said his administration will move to bar large Wall Street investors from buying up single-family homes, framing the effort as a bid to restore access to homeownership for ordinary families priced out of the market. In a Truth Social post, he warned the “American Dream is increasingly out of reach for far too many people, especially younger Americans,” and vowed to stop big investors from buying the proverbial house next door.
Trump’s housing pledge
Trump said the federal government will move to ban institutional investors and major Wall Street firms from purchasing single-family homes, a segment that has become a lucrative asset class for large landlords and private equity. He cast the initiative as a turning point in housing policy, arguing “people live in homes, not corporations” and families should not have to bid against “billion-dollar funds” for starter houses.
In his post, Trump linked the squeeze on homebuyers to what he claimed was “record high inflation” under President Joe Biden and Democrats in Congress, saying the cost surge has left many young Americans locked out of ownership. “For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing.” The housing market has come to a near standstill in the last several years following a boom during the pandemic, when prices doubled in most markets as people reordered their social lives amid the remote work and social distancing era.
