President Trump addressed the housing affordability crisis in his State of the Union address last week. “Another pillar of the American dream that has been under attack has been home ownership,” he said in the speech before Congress.
He shared the story of a hard-working mom who was outbid on 20 different homes by “gigantic investment firms that bypassed inspection, paid all cash, and turned all those houses into rentals, stealing away her American dream.” Trump said this story is now sadly common in America, but the administration is eager to fix it through an executive order to ban large Wall Street investment firms from “buying up in the thousands single-family homes.” He asked Congress to make this ban permanent “because homes for people—really that’s what we want—we want homes for people, not for corporations.”
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