Trump administration aims to prevent private equity from buying individual homes and driving up prices

To hear President Donald Trump tell it, he’s bringing back the American dream of mass home ownership.

Unfortunately, at this moment, “because of the Record High Inflation caused by Joe Biden and the Democrats in Congress,” the American dream is more of a pipe dream for many. “[E]specially younger Americans,” Trump wrote on Truth Social on Jan. 7.

The president announced that he was “immediately taking steps to ban large institutional investors from buying more single-family homes” through administrative measures (possibly through an executive order or the normal notice-and-comment regulation process) and also called for Congress to “codify it.”

Trump’s justification for a ban on further home sales to equity firms was that “people live in homes, not corporations.” He said the ban, as well as