Just look at the response to President Donald Trump’s proposal this month to ban institutional investors from buying single-family homes. He called for this reform on Jan. 8, followed by an executive order on Jan. 20. From the start, there has been a slew of news stories and op-eds saying the president is getting it all wrong — that banning Wall Street from scooping up homes will solve nothing.
But Trump is absolutely right. This reform will not solve everything with the homeownership affordability crisis, but it will make a meaningful difference. My story is proof.
As I write this, I’m sitting in a condo in Marco Island, Florida. I bought it in 2021. But before that, I spent considerable time trying to buy a single-family home
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