President Donald Trump said Wednesday that the administration will consider overhauling the tax code’s depreciation rules to remove advantages that large institutional investors might have over families in buying houses.
Trump, speaking at the World Economic Forum’s annual meeting in Davos, Switzerland, discussed the White House’s push to ban institutional investors from purchasing single-family homes. Trump signed an executive order the night before aimed at doing just that, but during the speech mentioned the rules around depreciation, which were not mentioned in the order.
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Trump pointed out that institutional investors such as Blackstone have purchased hundreds of thousands of homes across the country and then act as landlords, renting them out. Corporations and landlords can buy
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