"In a rare moment of political alignment, President Donald Trump and Gov. Gavin Newsom are both calling for restrictions on large institutional investors buying single-family homes, arguing they drive up housing prices and put individual homebuyers at a severe disadvantage."
"As the shortage of affordable housing pushes the American Dream further out of reach, Scott and Marisa are joined by The New York Times Magazine contributing writer Francesca Mari to take a closer look at the role Wall Street investors play in rising housing costs and how much power state and federal governments actually have to reign them in."
President Donald Trump and Governor Gavin Newsom both call for restrictions on large institutional investors purchasing single-family homes. These investors are accused of driving up housing prices and placing individual homebuyers at a severe disadvantage. A significant shortage of affordable housing is making homeownership increasingly unattainable for many Americans. Wall Street firms buying blocks of houses contribute to rising housing costs. State and federal governments face questions about how much authority they have to limit institutional purchases and what policies could curb investor-driven market pressures to protect individual buyers and affordability.
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