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[–] 97 points 10 months ago (2 children)

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

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  • [–] 34 points 10 months ago (3 children)

    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.

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  • [–] 12 points 10 months ago (2 children)

    Simple: They'll reclassify as to what counts as a single family home.

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  • [–] 5 points 10 months ago (1 child)

    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

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  • [–] 2 points 10 months 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

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  • [–] 18 points 10 months ago
    1. Trump rails against _____
    2. Stock price goes down
    3. Buy that stock
    4. Trump renegs
    5. Stock price goes up
    6. Profit
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  • [–] 10 points 10 months ago

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

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  • [–] 10 points 10 months ago (1 child)

    Yeah, Trump also said he'd end the US's regime change habit.

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  • [–] 8 points 10 months ago

    "Two weeks" away from his new healthcare plan.

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  • [–] 7 points 10 months ago (1 child)

    I'm sure one or two of the largest companies will get exemptions

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  • [–] 6 points 10 months ago

    I'll believe it when I see it.

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  • [–] 6 points 10 months ago

    No he won't. If he was, he would have already done it.

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  • [–] 5 points 10 months ago

    Lmao if this happens I will cut off my mother's dick

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  • [–] 4 points 10 months ago

    Trump says a lot of things...

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  • [–] 3 points 10 months ago

    Keep talking about the Epstein files and we'll have Trump quoting Das Kapital and invading Pluto by next Christmas

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  • [–] 3 points 10 months ago

    I guess he's looking for a contribution from big housing investors.

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  • [–] 3 points 10 months ago

    CBS News reporting something promising from the Trump administration, eh

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  • [–] 3 points 10 months ago (1 child)

    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]

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  • [–] 4 points 10 months 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?

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  • [–] 2 points 10 months ago*

    Sooo, thats the end of mortgages then? Enjoy your cardboard boxes, poors.

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  • [–] 0 points 10 months ago