Trump wants to ban institutional investors from purchasing single-family homes
The move is intended to ease the housing crisis in America.
President Donald Trump said in a statement on social media that he is moving to ban institutional investors from buying single-family homes and that he wants Congress to "codify" the ban into law.
The president has made easing the housing crisis a goal of his second term, and many have pointed to institutional investors as a large source of the problem.
'People live in homes, not corporations.'
In a post on Truth Social Wednesday, Trump mentioned banning institutional housing purchases and hinted at other solutions to ease the housing crisis.
"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, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans," he wrote.
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