Trump Announces Plan to Bar Large Firms From Buying Single-Family Homes

Amelia Benavides-Colón : applenews – excerpt

Trump to the rescue?

The president said he would roll out a new affordable housing agenda during a planned speech in Davos, Switzerland, later this month.

President Donald Trump said on Wednesday that he wants to bar large corporations from purchasing single-family housing stock as part of his new affordable housing agenda.

“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,” Trump said in a lengthy Truth Social post on Wednesday. “People live in homes, not corporations.”…

Republican Sen. Bernie Moreno , a member of the Senate Banking, Housing, and Urban Affairs committee, wasted no time in announcing his plans to introduce legislation in response to the Trump administration’s proposal.

“Millions of young Americans have been locked out of the American Dream, @realDonaldTrump is finally fighting back,” Moreno posted to X in response to Trump’s post. “I will introduce legislation in the Senate to codify this into law.”

In the House, Republican Rep. Riley Moore, a member of the Appropriations committee, praised the announcement. (more)

How will Wiener and Company and the Democrats compete with that? What will they say or do to stop this?