‘Investors’ not to blame for high housing prices 

‘Investors’ not to blame for high housing prices 


It’s easy to find an unpopular scapegoat to pin the world’s problems on. In a January 7 Truth Social post, President Donald Trump implied that “buying and owning a home,” the cornerstone of the American Dream, is more difficult than ever because of “large institutional investors.” The President added that he’s taking steps to ban large investors from buying homes, directing Congress to codify the ban, and will provide more details at the World Economic Forum in Davos, Switzerland, later this month. Shortly after President Trump’s announcement, Sens. Bernie Moreno (R-Ohio) and Josh Hawley (R-Missouri) announced they’ll be introducing Senate legislation to codify the ban.   

Yes, homes are increasingly unaffordable, but large institutional investors aren’t the reason. Runaway government red tape, including onerous zoning restrictions, is the main driver of America’s housing affordability crisis. Until policymakers address the real problem causing housing inflation, the American dream will remain out of reach.  

Blaming big

Continue reading

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!