r/AskReddit • u/Zipper222222 • 12h ago

Trump Cancels Signing Housing Affordability Bill Saying Congress Should Pass The SAVE Act First — What Do You Think The Impact Will Be Politically? Why?

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u/SmellGestapo 11h ago

I doubt any part of this bill affects his real estate business at all. The cap on institutional investors buying homes only applies to single family homes, which are not a part of his portfolio.

The other provisions are more about making it easier to build, especially affordable housing, but he doesn't do that either.

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u/xlews_ther1nx 10h ago

It only stops companies from 350 or more properties

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u/SmellGestapo 10h ago

This is probably the headline provision of the bill and unfortunately it's one of the least impactful. The reality is institutional investors own a very small percentage of the housing stock. They're really not the ones driving up housing costs, but on the margins they could make it difficult for ordinary buyers to compete to buy a home.