• Carmakazi@piefed.social
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    9 days ago

    Trump says he will seek to ban institutional investors from buying single-family homes shake down institutional investors for protection money and then let them keep buying property in bulk

    • John@lemmy.ml
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      8 days ago

      …and it will conveniently fail spectacularly in Congress while trump claims that he’s helping the working class.

  • gravitas_deficiency@sh.itjust.works
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    8 days ago

    While this is ostensibly a sorely needed change, I’m also certain he’ll find a way to do it in a way that hurts people, doesn’t actually solve the problem or do what he’s saying it will do, and also makes himself a shitload of money.

      • pivot_root@lemmy.world
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        8 days ago

        Clearly, one family won’t be able to fit in a 1-bed, 1-bath shack. With 3 kids, they’ll need at least 4 bedrooms and 2 baths. Include the grandparents on both sides, and that’s 6 bedrooms, 4 baths. And for good measure, add a guest room with its own bathroom.

        It makes perfect sense to reclassify a “single family home” as a 7-bed, 5-bath McMansion. Anything less is just a rental suite, obviously /s

        • NotMyOldRedditName@lemmy.world
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          8 days ago

          It makes perfect sense to reclassify a “single family home” as a 7-bed, 5-bath McMansion. Anything less is just a rental suite, obviously /s

          You could fit an extra couple in there though if needed, so that’s not a single family home either.

          Might be 0 SFH in the USA

  • circuitfarmer@lemmy.world
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    8 days ago

    This will gain traction and then he’ll silently make a deal allowing the corpos even more control. MAGA will claim he already improved things and the rest of everyone can point at the corpos buying more homes and it won’t matter.

    Rinse and repeat.

  • harmsy@lemmy.world
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    8 days ago

    It’s something actually good, so he won’t do it. That, or he’ll find a way to make it horrible.

  • atzanteol@sh.itjust.works
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    8 days ago

    Through actual legislation? Or through a backroom deal with companies that he thinks means they were going to do what he wanted but really they’re just getting him off their back?

  • tal@lemmy.today
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    8 days ago

    Shares of major home leasing and management companies fell sharply immediately after Mr. Trump’s announcement. Invitation Homes’ stock price slid more than 7%, while American Homes 4 Rent dropped 6.3%. Investment giant Blackstone, which also owns and rents homes, sank more than 4%.

    Huh. IIRC Blackstone had someone involved with Trump.

    goes looking

    Ah. The CEO.

    https://en.wikipedia.org/wiki/Stephen_A._Schwarzman

    Stephen Allen Schwarzman (born February 14, 1947) is an American businessman. He is the chairman and CEO of the private equity firm Blackstone Inc., which he established in 1985 with Peter G. Peterson. Schwarzman was chairman of President Donald Trump’s Strategic and Policy Forum.[1]

    In October 2025, Schwarzman was named by the White House as a donor to the construction of the White House State Ballroom, a proposed 90,000-square-foot expansion of the East Wing.[52]

    In November 2025, Schwartzman attended a red carpet dinner at the White House for Saudi Crown Prince Mohammed bin Salman. Bin Salman, invited by President Donald Trump, was making his first visit to the United States since the 2018 killing of Jamal Khashoggi, which U.S. intelligence implicated bin Salman in.[53]

    • CIA_chatbot@lemmy.world
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      8 days ago

      Watch for them to start snapping up their own stocks at a discount, the nothing will happen and stocks go up