President Donald Trump is attempting to breath life back into the American dream of owning a home with an executive order he signed Tuesday.
Titled “Stopping Wall Street From Competing With Main Street Homebuyers,” the order aims to put single-family homes back into reach for prospective homebuyers, especially first-time buyers. Trump blamed Wall Street investors and the previous administration for pricing out families.
High inflation and interest rates caused by former President Joe Biden put the American Dream out of reach for homebuyers, the president wrote in his order. Meanwhile, large investors were gobbling up single-family homes.
“Hard-working young families cannot effectively compete for starter homes with Wall Street firms and their vast resources,” Trump said. “Neighborhoods and communities once controlled by middle-class American families are now run by faraway corporate interests.”…
Wall Street Firms Restricted From Buying Single-Family Homes in Trump’s New Order
