Treasury Secretary mocked after suggesting 'mom and pop' investors own a dozen homes each

Treasury Secretary Scott Bessent was ridiculed for suggesting typical middle-class investors owned as many as a dozen homes.

Fox Business host Maria Bartiromo asked Bessent during a forum Tuesday at the 2026 World Economic Forum about President Donald Trump's threat to ban “large institutional investors” from buying up single-family homes, and Bessent expressed support for his "good idea" but said further clarification was needed.

“We are going to give guidance at some point to see what a mom and pop is,” Bessent said.