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Donald Trump said his administration is moving to ban large institutional investors from buying single-family homes in a bid to reduce home prices. (www.theguardian.com)

submitted 5 days ago* (last edited 5 days ago) by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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In a post on Truth Social, his social media platform, the US president said he will be asking Congress to codify the measure and will be discussing additional housing and affordability proposals in a speech at the Davos World Economic Forum.

Trump capitalized on concerns around affordability during the 2024 presidential election campaign, pledging to rapidly reduce the cost of living for millions of Americans.

Since he returned to power a year ago, however, concerns around prices and affordability have persisted as inflation remained stubbornly above typical levels. two people in FBI jackets look at a car that crashed into a pole Minnesota woman fatally shot by ICE agent during raid, video shows Read more

House prices soared to record levels in the US during the pandemic, before slipping back. The median sale price stood at $410,800 last year, according to the US Census Bureau.

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[–] HubertManne@piefed.social 2 points 5 days ago

they should not be able to buy anything that is not an apartment building or hotel or such. When foreclosure puts it in a companies hands they should have to sell to individuals.