President Donald Trump announced on Wednesday a plan to ban “large institutional investors” from buying “more single-family homes.”
In a Truth Social post, the president declared the “American dream is increasingly out of reach for far too many people, especially younger Americans.” He blamed economic struggles on former President Joe Biden while announcing his plan to restrict home buying by companies.
Trump wrote:
For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans. It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks.
Mediaite reported the housing market has faced challenges in recent years, with inflation and other economic issues leading to fewer and younger people actually buying homes. According to data from the National Association of Realtors (NAR), the average age of a first-time home buyer is around 40, a big jump from previous years. According to the 2025 data, first-time home buyers dropped to a record low of 21%.
The Hill noted that the proposed ban could prove to be a way in for Trump and Republicans to address the issue of affordability ahead of this year’s midterm elections. The president and his Republican allies have struggled to message on the issue as inflation persists and as Democrats have won a number of special and off-year elections.
In his TruthSocial post, the president laid blame on former President Biden for current inflation, which have remained stagnant during Trump’s second-term so far.
“For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans,” the president noted.
