5 ways Trump’s proposed institutional single-family homebuying ban could affect the housing market
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On Wednesday, President Donald Trump announced: “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.”
Soon afterwards, Senator Bernie Moreno (R-Ohio) tweeted that he’ll “introduce legislation in the Senate to codify this [ban] into law.”
The general idea...