US President Donald Trump has taken an unexpected stance against large institutional investors acquiring single-family homes, joining forces with politicians like JD Vance and Marjorie Taylor Greene. Trump announced his intention to ban these institutions from buying single-family homes, citing that "homes are built for people, not corporations." He signed the executive order into law, calling on Congress to pass it.
In contrast, Britain's Labour party leader Keir Starmer has courted Wall Street landlords in an attempt to win over firms like Blackstone. This is despite Trump's recent policy change, which could prompt a shift towards the UK market for single-family rentals. According to Knight Frank, these rentals account for 40% of all investment in the booming build-to-rent sector.
It remains unclear why Trump decided to take this stance, but analysts speculate it may be due to his lack of progress on affordability and his desire to cut costs. The US consumer inflation is primarily driven by rents and food prices, with Trump facing scrutiny over his actions.
Trump's real estate industry supporters are a crucial part of his fundraising machine. Despite this, he appears willing to bite the hand that feeds him in an attempt to remain in power. The policy change comes at a time when 19 out of 20 largest single-family rental markets are located in states Trump won in the last election.
In contrast, Keir Starmer seems uncertain about his own base and is struggling to gain traction with voters who have become opposed to his new towns plan. Direct public investment in housing has been ruled out by Labour's finance minister Rachel Reeves due to self-imposed fiscal rules, leaving the government with limited options. The UK government will now likely knock on the door of Wall Street landlords seeking their support.
In a deeply polarised society, it seems that even politicians from opposing parties can come together over an issue like housing policy.
In contrast, Britain's Labour party leader Keir Starmer has courted Wall Street landlords in an attempt to win over firms like Blackstone. This is despite Trump's recent policy change, which could prompt a shift towards the UK market for single-family rentals. According to Knight Frank, these rentals account for 40% of all investment in the booming build-to-rent sector.
It remains unclear why Trump decided to take this stance, but analysts speculate it may be due to his lack of progress on affordability and his desire to cut costs. The US consumer inflation is primarily driven by rents and food prices, with Trump facing scrutiny over his actions.
Trump's real estate industry supporters are a crucial part of his fundraising machine. Despite this, he appears willing to bite the hand that feeds him in an attempt to remain in power. The policy change comes at a time when 19 out of 20 largest single-family rental markets are located in states Trump won in the last election.
In contrast, Keir Starmer seems uncertain about his own base and is struggling to gain traction with voters who have become opposed to his new towns plan. Direct public investment in housing has been ruled out by Labour's finance minister Rachel Reeves due to self-imposed fiscal rules, leaving the government with limited options. The UK government will now likely knock on the door of Wall Street landlords seeking their support.
In a deeply polarised society, it seems that even politicians from opposing parties can come together over an issue like housing policy.