Trump Declares War on Wall Street’s Single-Family Home Monopoly, But Not the Homes They Own
KEY POINTS
- •Treasury Secretary Scott Bessent clarified on January 25 in Minnesota that Trump’s ban on Wall Street house buying exempts current holdings.
- •Trump announced on Truth Social that large investors can’t purchase single-family homes, aiming to make housing more affordable for Americans.
- •Blackstone’s stock fell 5.6% Wednesday after the announcement, but recovered 1.1% Thursday as the market digested the news.
On a chilly January day worthy of Minnesota’s Economic Club—where dreams go to talk economics—Treasury Secretary Scott Bessent tried soothing financial anxieties by announcing Trump’s bold plan: Wall Street giants like Blackstone, who manage a trillion bucks worth of rental homes, can no longer buy single-family houses, but calm down—no one has to sell their current creepily amassed suburban fortresses. The infamous 2008 crisis birthed these private-equity zombie landlords buying up everything—because apocalyptic credit was their shopping spree. Trump, posting on Truth Social, lamented America’s lost dream of homeownership, conveniently sparing existing Bezos-level landlords who ‘hoovered’ houses like vacuum aspirants on steroids. The market’s immediate reaction resembled a soap opera—Blackstone's shares dipped 5.6% Wednesday but climbed 1.1% Thursday as investors upwardly adjusted their PTSD from financial trauma. Meanwhile, Bessent swore mom-and-pop landlords and families renting to their cousins will stay safe because even chaos has its loopholes.
Share the Story
Trump’s plan to stop Wall Street from buying homes is like banning fast food but letting McDonald’s Grandma keep her fry’s joint.
Blocking big firms from new houses but not the ones they already own sounds like landlord landlordship with a plot twist.
Private equity bought homes during the Great Recession like it was Black Friday for apocalypse survivors. Trump wants to freeze new scoops only.
Source: Businessinsider | Published: 1/9/2026 | Author: Shubhangi Goel
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