President Donald Trump has said he wants to ban big investors from buying single-family homes in the US, posing a challenge to private capital groups that invest heavily in real estate.
“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. People live in homes, not corporations,” Trump said in a post on Truth Social on Wednesday.
His move could affect private equity groups such as Blackstone and Cerberus that have amassed large residential portfolios.
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