Trump Bans Institutions Buying Homes

Do you like this policy? Personally I don't. By eliminating buyers, he is hurting the values that home sellers can get for their homes. Hurting mainly seniors who want to downsize and might need the money to move into retirement communities.

I agree with Trump on this one. I also don’t want countries. Like China buying up US real estate. Affordable homes will be completely gone once big money buys them all up.

Not necessarily true. Zillow a few years ago tried to buy up homes. They overpaid and lost lots of money. As the birth rare continues to decline and more illegal immigrants get deported, housing prices should continue to fall.

Do you think Zillow has the same kind of capital and the same kind of strategy as Blackrock? Blackrock manages close to 14 TRILLION in assets. Zilliow is teeny tiny in comparison and the long term strategies are completely different, morally and financially. Should we also let China buy up properties to keep home values high?

Blackrock stock is quickly tanking. They may not have as many assets today as they did yesterday.
And new population predictions for the US economy predict population will start declining in 2050. Still want to invest in homes?


And now Trump is trying to lower mortgage rates.

Rick wrote: I agree with Trump on this one. I also don’t want countries. Like China buying up US real estate. Affordable homes will be completely gone once big money buys them all up.

I support free markets. I don't care who is buying. #freedom

Actual numbers versus Trump's hysteria.

Corporate ownership doesn't look to be a severe issue in this graph.

Perhaps I'm remembering incorrectly, but it seems to me that the crisis that emerged around 2009 was caused in large part by the federal government dictating the activity of Freddy & Fannie in an effort to stimulate home ownership . . . didn't work out so well the last time, not really thrilled to see it starting up again. The taxpayers are again going to be the ones implicitly guaranteeing the mortgage bonds that Fannie and Freddie are being directed to purchase.

I agree with you!

These mortgage companies were falsifying applications and getting buyers approved who never should have qualified. Then they sold their junk loans to the Feds who were told to look the other way. Of course these new homeowners started defaulting.

Plus by artificially increasing the supply of buyers, home prices rose above their natural levels triggering inflation.

Unfortunately Trump is trying to do it again. Better to let the prices fall on their own so young couples can find starter homes.