Doubt it tbh, there’s too much money involved and these institutions have way too much political influence. Maybe they’ll throw us some token regulations that look good on paper but won’t actually change anything meaningful
Movie_Monster on
It doesn’t matter.
What matters is that Trump isn’t hiding the fact that the housing market is in trouble.
Relax_Dude_ on
Nope, just a PR move, nothing will happen and if it does there will be loopholes
firedncr24 on
Corporations are people! Or did we forget that?
I just don’t see how this could be implemented.
patrick-1977 on
Trump and Kushner, banning the things Trump and Kushner like best?
tonythetiger891 on
No
AffectionateLet7144 on
Concepts of a ban 🥴
ramblingGene on
institutional buyers and you are equal in civil rights in terms of buying properties. Well, business entities even have disadvantages when borrowing money because they are taking commercial loans and you can pay 3% down and get much lower rate for residential loans.
Banning institutional buyers will take away a lot of liquidity in this housing market that has already been stagnant.
eatmyasserole on
I dont see the path for this and I dont see an effective roll out. Is it just on new purchases? Will corporations that already own residential homes need to sell, or are those homes grandfathered in, thus almost making them more valuable?
I dont think it’ll happen. If it does there will be a ton of holes and it wont be effective.
RuleFriendly7311 on
Even if they were, they would find a way in through straw buyers or some other mechanism designed to exploit a loophole. By and large, their lawyers are better than govt lawyers.
Ok_Calendar_6268 on
I don’t see how you can constitutionally tell a seller who they can and can’t sell to.
Weird-Independence79 on
No, of course not. That would piss off all his ritch donors and friends. Just another distraction. We should all be aware of how he operates by now
Popular-Capital6330 on
no
PerformanceDouble924 on
Do you think anything Trump would ever do would inconvenience any of his rich friends in any way?
LonesomeBulldog on
This is just a public ask for Black Rock to hand over a bribe or a large piece of the pie.
Axxion89 on
I mean how would they even enforce this or make it constitutional. The only possible thing would be to prevent LLC or Corps to own single family homes which is good but pretty sure it would be challenged immediately
mackattacknj83 on
Large anonymous Trump Coin purchase incoming
Aggressive_Chicken63 on
From what I understand, institutional investors (over 1000 homes) only make up 2% of total investor-owned homes. Banning from buying new ones (not from owning) wouldn’t make a dent. It’s just symbolic.
TopicTalk8950 on
Did prices get lowered on Day 1?
Did the Russia/Ukraine war end on Day 1?
Did the full Epstein files get released?
I could go on for days. Don’t hold your breath.
Savings_Income4829 on
I don’t see much happening. If something was passed I’d expect years of court challenges, then if somehow it passed that hurdle I’d assume currently owned properties would be grandfathered in.
Low_Control_623 on
No. It’s another distraction.
wasgoinonnn on
You really haven’t learned yet?
Anon13785432 on
His nickname is TACO for a reason.
Itsnotjustadream on
This is Trump doing 1 of 2 things.
#1 He’s trying to buy some good grace in the mid terms for Republicans but he won’t actually do anything.. he’ll just say to vote republicans in so they can ACTUALLY do it.. see his healthcare promises
#2 He’s trying to get some bribes from the bigger players in this game.. Its all a grift to line his families pockets.
OkAward1703 on
I hope not, they buy all our flip properties
GreyNoiseGaming on
Possible. This is just pulling up the ladder from anymore competition.
Greedy_Knee_1896 on
Short answer, No.
Long answer, Absolutely not.
FantasticBicycle37 on
Haha all those free market voters must be scratching their heads
snowcat0 on
Hahahahahha no
Sherifftruman on
No, it would not be legal.
putsch80 on
Sure. It’ll get done right after Trump finishes his prior promises of free IVF, an Obamacare replacement, tax-free overtime, the “Wall” with Mexico, and ending the war in Ukraine.
Seriously, why are you even asking this? What would compel you to hear the statements of Trump—offered with exactly ZERO detail—and make you go, “I know he has lied about every other policy thing he’s said he’d do, but maybe **this** time it’s for real”?
31 Comments
Doubt it tbh, there’s too much money involved and these institutions have way too much political influence. Maybe they’ll throw us some token regulations that look good on paper but won’t actually change anything meaningful
It doesn’t matter.
What matters is that Trump isn’t hiding the fact that the housing market is in trouble.
Nope, just a PR move, nothing will happen and if it does there will be loopholes
Corporations are people! Or did we forget that?
I just don’t see how this could be implemented.
Trump and Kushner, banning the things Trump and Kushner like best?
No
Concepts of a ban 🥴
institutional buyers and you are equal in civil rights in terms of buying properties. Well, business entities even have disadvantages when borrowing money because they are taking commercial loans and you can pay 3% down and get much lower rate for residential loans.
Banning institutional buyers will take away a lot of liquidity in this housing market that has already been stagnant.
I dont see the path for this and I dont see an effective roll out. Is it just on new purchases? Will corporations that already own residential homes need to sell, or are those homes grandfathered in, thus almost making them more valuable?
I dont think it’ll happen. If it does there will be a ton of holes and it wont be effective.
Even if they were, they would find a way in through straw buyers or some other mechanism designed to exploit a loophole. By and large, their lawyers are better than govt lawyers.
I don’t see how you can constitutionally tell a seller who they can and can’t sell to.
No, of course not. That would piss off all his ritch donors and friends. Just another distraction. We should all be aware of how he operates by now
no
Do you think anything Trump would ever do would inconvenience any of his rich friends in any way?
This is just a public ask for Black Rock to hand over a bribe or a large piece of the pie.
I mean how would they even enforce this or make it constitutional. The only possible thing would be to prevent LLC or Corps to own single family homes which is good but pretty sure it would be challenged immediately
Large anonymous Trump Coin purchase incoming
From what I understand, institutional investors (over 1000 homes) only make up 2% of total investor-owned homes. Banning from buying new ones (not from owning) wouldn’t make a dent. It’s just symbolic.
Did prices get lowered on Day 1?
Did the Russia/Ukraine war end on Day 1?
Did the full Epstein files get released?
I could go on for days. Don’t hold your breath.
I don’t see much happening. If something was passed I’d expect years of court challenges, then if somehow it passed that hurdle I’d assume currently owned properties would be grandfathered in.
No. It’s another distraction.
You really haven’t learned yet?
His nickname is TACO for a reason.
This is Trump doing 1 of 2 things.
#1 He’s trying to buy some good grace in the mid terms for Republicans but he won’t actually do anything.. he’ll just say to vote republicans in so they can ACTUALLY do it.. see his healthcare promises
#2 He’s trying to get some bribes from the bigger players in this game.. Its all a grift to line his families pockets.
I hope not, they buy all our flip properties
Possible. This is just pulling up the ladder from anymore competition.
Short answer, No.
Long answer, Absolutely not.
Haha all those free market voters must be scratching their heads
Hahahahahha no
No, it would not be legal.
Sure. It’ll get done right after Trump finishes his prior promises of free IVF, an Obamacare replacement, tax-free overtime, the “Wall” with Mexico, and ending the war in Ukraine.
Seriously, why are you even asking this? What would compel you to hear the statements of Trump—offered with exactly ZERO detail—and make you go, “I know he has lied about every other policy thing he’s said he’d do, but maybe **this** time it’s for real”?