President Trump’s bid to ban corporate homebuying blindsides Wall Street

By Patrick Clark, Bloomberg

The time of the corporate landlord as America’s housing villain was supposed to be over.

Money managers like Blackstone Inc. and Pretium who binged on single-family rentals in the wake of the financial crisis took blow after blow as housing prices shot up. But the cohort has since cooled its buying, and the attacks slowed.

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No longer. President Donald Trump on Wednesday...