Making Homeownership Great Again: Trump Has Bold Idea to Make American Dream Affordable

Home Sweet Home. (Credit: Julian Hochgesang)

One of the things that breaks my heart as a parent is knowing my kids may never be able to buy a house in this day and age. Despite Fed Chair Jerome Powell overseeing three rate reductions in 2025, interest rates still remain far above what I secured for my mortgage many years ago. Meanwhile, housing costs have exploded, which is great for homeowners — but terrible for young people trying to build their own families and their own wealth.

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Donald Trump sees this, being a property man and all, and one way he thinks we can make a dent in the problem is to prevent corporate institutional investors from vacuuming up single-family homes and making it that much harder for folks to buy a house of their own. 

On Wednesday, the president said on social media that it’s time to get them out of the game:

Homeownership is the American dream, Trump said, and he wants to help restore it:

“I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it,” the president said in a social-media post Wednesday. “People live in homes, not corporations.”

It isn’t clear if Trump can carry out the ban without congressional approval. The president said he planned to roll out more housing and affordability plans in the coming weeks.

“For a very long time, buying and owning a home was considered the pinnacle of the American Dream,” he also wrote on social media.

The president said he would be asking Congress to turn his idea into law:

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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.

It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it.


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The issue with institutional buyers is fairly simple — with their big pocketbooks, they can snap up whatever real estate they feel like, lowering the supply, and the regular person has little chance of competing against them:

Private equity giants, real estate investment trusts and other large institutional investors have amassed sizable portfolios of single-family rental homes over the past decade. Many have argued that these investments have reduced housing supply for would-be homeowners and helped drive up prices.

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It’s admittedly a complex subject — some will argue that such a move would be against the principles of capitalism. Others will maintain that even under capitalism, we can make regulations and laws to better the lives of the people.

All I know is that becoming a homeowner can be a life-changer both in terms of family building and as a way to long-term prosperity. It used to be that a middle-class family with only one breadwinner could attain such a dream, but for far too many, it’s now a bridge way too far. I can only hope to be asked for dinner one day at one of my kids’ new houses.

In the meantime, the president has teased plans to address the issue with additional affordability proposals at the World Economic Forum in Davos in late January. We'll just have to wait and see what other ideas he has to make the Dream possible again for more Americans.

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