A for-sale sign in front of a home in Austin, Texas, on March 19, 2024. Brandon Bell/Getty Images
President Donald Trump’s proposed ban on large corporate landlords buying more single-family homes could help families looking to buy them. The impact, however, wouldn’t be universal, since the targeted landlords mostly concentrate in a few dozen metro areas. It also doesn’t address fundamental causes of housing affordability, some industry insiders have warned.
Trump announced he is “immediately taking steps to ban large institutional investors from buying more single-family homes,” in a Jan. 7 post on Truth Social. The post responded to complaints that large investors have been vacuuming up too many single-family homes in recent years, thus boosting prices and slashing choices for prospective homebuyers.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.
Read Full Article: https://www.theepochtimes.com/us/constraining-mega-landlords-would-help-some-buyers-wont-solve-housing-woes-industry-insiders-5970003/?utm_source=partner&utm_campaign=whatfinger
