Trump says U.S. to ban large investors from buying homes

[TylerBeer]

Donnie do good on this one

[Newbeeee™]

Possibly, in the short term, demand is going to go through the roof. Investors will try to get in before the ban. So, up the price 10%.

....and after it's jumped 10% not implement what he said anyway, and the market jumps another 10%....

[TylerBeer]

Also allowing to draw from retirement for down payment of first home - many other countries do that. We'll see if that can get through the politicians

[mowens]

Also allowing to draw from retirement for down payment of first home - many other countries do that. We'll see if that can get through the politicians

You can already do that.

[YoDoug]

IMO, residential property is a fixed commodity. Just like We regulate broadcast airwave, utility providers, etc. There should be limits on corporate ownership of residential property. I don't know exactly how I would do it, but if we want to salvage any hope of a middle class in the future we need it.

[TylerBeer]

You can already do that.

Maybe for more amount here, or tax-free interest free?  If You can't necessarily get the best mortgage rate if some of it is through 401k so maybe this would change that

" The White House is drafting an executive order broadly targeted at addressing Americans' frustration with the cost of living, including a push to allow people to dip into their retirement and college savings accounts to afford down payments on homes."

[beej]

I'm not sure whether there is any truth to this article. marketwatch tends to be anti-trump at just about every turn. I am curious about these stats, which I would have tended to agree with prior to reading the article. But my overall gut feeling is that stopping corporations like BlackRock will have almost no impact on the housing market even if they can right a law that keeps them from finding loopholes, which I don't believe they can.

https://www.marketwatch.com/story/why-trump-banning-institutional-investors-like-blackstone-from-buying-homes-wont-bring-down-housing-costs-according-to-experts-97bfc3bc?mod=newsviewer_click

Most of the housing stock in the U.S. is not owned by large investors.

Overall as of the third quarter, which ended in September 2025, about 30% of single-family homes were purchased by investors, but those were mostly mom-and-pop landlords, according to data from real-estate firm Cotality.

"There's about 16 million rental homes in the U.S. [per Census Bureau data], and when you look at the percentage of large investors that own single-family rental homes, it's typically no more than 2% of the stock nationally," Jay Lybik, senior director of market research at Continental Properties, a national developer, told MarketWatch.

"You have regional owners who maybe own multiple homes in a particular metro or region, but in terms of publicly-traded or large, private single-family investors, that number is definitely less than 2% of the overall stock," he added.

For that reason, banning large investors from buying homes as a way to improve affordability is "not supported by any type of analysis or data," he added, noting that the real issue is a lack of supply.

Most investors who are buying single-family homes are in fact those who own less than 100 properties, meaning that they are not large players, according to data from Cotality.

Small investors, who own fewer than 10 properties, made about 14% of all single-family purchases in the third quarter, Cotality found. Medium-sized investors, who owned
between 10 and 99 properties, bought 11% of homes sold in the same period. Large investors who owned between 101 and 1,000 properties made about 3% of investment purchases, and mega investors who owned more than 1,000 properties only bought 2.5% of properties

[mowens]

Maybe for more amount here, or tax-free interest free?  If You can't necessarily get the best mortgage rate if some of it is through 401k so maybe this would change that

" The White House is drafting an executive order broadly targeted at addressing Americans' frustration with the cost of living, including a push to allow people to dip into their retirement and college savings accounts to afford down payments on homes."

It's been a long time since I did it so my memory is a little fuzzy. I withdrew enough for a 20% down payment so I wouldn't have to pay PMI. I don't remember it affecting my taxes but I couldn't contribute to my 401k for 6 months. Like I said though, my memory is fuzzy.

[beej]

Maybe for more amount here, or tax-free interest free?  If You can't necessarily get the best mortgage rate if some of it is through 401k so maybe this would change that

" The White House is drafting an executive order broadly targeted at addressing Americans' frustration with the cost of living, including a push to allow people to dip into their retirement and college savings accounts to afford down payments on homes."

Senator Hawley is drafting legislation for that as well. Tyler, you're practically Republican now. LOL

[YoDoug]

IMO, allowing people to take from their 401K for down payments on houses doesn't fix the affordability in housing and it doesn't do anything to fix the ever growing wealth gap in this country. As long as Biden's, Pelosi's, Omar, MTG, etc. can keep getting crazy wealthy by selling legislation to corporations and rich people the problem will never end.

[Newbeeee™]

There should be limits on corporate corporate ownership

Fissy.
Whatever happened to the competitions committee's stopping MomCorp buying everything?

[Newbeeee™]

As long as Biden's, Pelosi's, Omar, MTG, etc. can keep getting crazy wealthy by selling legislation to corporations and rich people the problem will never end.

And this is how the faceless owners do it.
Allow a few to get VERY rich doing the peddling for them, while they make the trillions.
Look at Lindsey yesterday looking like a giddy schoolgurl while Trump announced moar military action....

[TylerBeer]

It's been a long time since I did it so my memory is a little fuzzy. I withdrew enough for a 20% down payment so I wouldn't have to pay PMI. I don't remember it affecting my taxes but I couldn't contribute to my 401k for 6 months. Like I said though, my memory is fuzzy.

I could be wrong here but I think that was something that was curbed after the 2007 housing crisis, at least on the lender side

[TylerBeer]

Senator Hawley is drafting legislation for that as well. Tyler, you're practically Republican now. LOL

Well the Republicans did block similar legislation put in by the dems, lol

[mowens]

My fellow programmer here did it about 3 years ago. He's in the process of buying another home. He's trying to do it again, but the process is a little more difficult. Whereas before he could do it all online, he now has to be sent a link, download a form and then either e-mail or fax the form back to be approved. I don't know if that has anything to with our recent Boeing merger or something else.