"Home is where the heart is, but not where the institutional investors are. At least, that's President Donald Trump's proposed plan. In a post on Truth Social, he said he's "immediately" taking steps to ban large institutional investors from buying single-family homes. "People live in homes, not corporations," Trump wrote. It was one of two attacks the president issued on the business world. The other targeted a group familiar with crosshairs: defense contractors."
"Trump said he would "not permit" defense companies to issue dividends or do stock buybacks until they sped up production. He also criticized industry executives' "exorbitant and unjustifiable" compensation packages. Blackstone, a large institutional investor in residential real estate, and defense contractors Northrop Grumman and Raytheon Technologies were among the companies that saw their share prices immediately drop following the posts."
President Donald Trump announced an immediate ban on large institutional investors buying single-family homes and wrote, "People live in homes, not corporations." He said he will not permit defense companies to issue dividends or conduct stock buybacks until production accelerates and criticized industry executives' "exorbitant and unjustifiable" compensation. Shares of Blackstone, Northrop Grumman and Raytheon Technologies fell after the posts. The moves align with a shift toward greater government involvement in the private sector, including taking stakes in companies. The actions are aimed at addressing affordability, especially in housing, though the effectiveness against complex real-estate dynamics remains uncertain.
Read at Business Insider
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