Trump's week in review: Venezuela oil deal, Hyde Amendment backlash
4. Trump announces actions designed to make housing more affordable
In a Truth Social post Wednesday, Trump announced that he was “immediately taking steps to ban large institutional investors from buying more single-family homes,” adding, “I will be calling on Congress to codify it.”
The president cited this phenomenon, as well as “Record High Inflation caused by Joe Biden and the Democrats in Congress” as reasons why the “American Dream” of “buying and owning a home” is “increasingly out of reach for far too many people, especially younger Americans.”
“People live in houses, not corporations,” he wrote.
Trump said he would make additional comments about home affordability during a speech in Davos in two weeks.
In a separate Truth Social post Thursday, Trump unveiled additional steps toward “restoring affordability,” specifically as it pertains to the “Housing Market.”
“Because I chose not to sell Fannie Mae and Freddie Mac in my first term, a truly great decision, and against the advice of the ‘experts,’ it is now worth many times that amount — an ABSOLUTE FORTUNE — and has $200 BILLION DOLLARS IN CASH.”
He added, “Because of this, I am instructing my Representatives to Buy $200 BILLION DOLLARS in mortgage bonds. This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable.”
Ryan Foley is a reporter for The Christian Post. He can be reached at: ryan.foley@christianpost.com
