“Wall Street giants … you’ve driven up housing prices!”
That sounds like something leftists like Elizabeth Warren would say, but it was said by President Trump!
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“I have signed an executive order,” Trump continued, “Banning large institutional investors from buying single family homes!”
Ban investors?
Trump was a developer. I’d think he’d know better than to get economic policy from the far-left.
In reality, ALL the big investors own just 2% of homes.
And they don’t take them off the market. They build things, and renovate!
“The presence of investors actually bring down housing prices,” explains Cato Institute economist Stephen Slivinski.
But politicians know voters don’t understand economics.
Our video above explains what actually DOES raise the cost of a new house.
