Foreigners are snapping up US homes and stealing the American dream out from under families

President Donald Trump is pushing hard for Congress to ban Wall Street firms from buying single-family homes. He’s rightly worried that financial tycoons are crowding out younger and middle-class homebuyers, especially in fast-growing Southern cities. But there’s another kind of homebuyer the president and Congress should cut off at the pass: foreigners who are blocking our own citizens from the American Dream.

In a new paper, I show that foreign homebuyers are far more common than most people realize.