Big Money Buying Homes: What's the Deal?

So, there's this big talk about stopping large investors from buying up homes. The idea is to make housing more affordable for regular folks. Some folks think these big companies are making it harder for people to buy homes because they're buying so many. The person talking about this is Donald Trump. He said that owning a home used to be a big deal in America. But now, it's getting harder, especially for young people. He blames high inflation for part of the problem. He wants to ban big investors from buying more single-family homes. He also wants Congress to make this ban official. Now, why are big investors buying homes? Well, over the past ten years, companies like private equity firms and real estate investment trusts have been buying lots of single-family homes. Many people think this has made it harder for regular people to buy homes and has driven up prices.When Trump talked about this, some of these big companies saw their stock prices drop. For example, Invitation Homes, which rents out a lot of single-family homes, saw a big drop. So did Blackstone, another big investor in real estate. But how would this ban work? Trump didn't give many details. He said he'll talk more about housing and affordability at a big event in Davos. Let's talk numbers. The average price of a single-family home was about $426, 800 last year. That's a lot of money! And the average rate on a 30-year mortgage is around 6. 19%. So, it's not surprising that people are having a hard time buying homes. Blackstone is one of the biggest players in this game. They own over 230, 000 apartments in the U. S. They've also spent a lot of money buying other real estate companies.