Trump's handlers know that his executive order will have no impact. The order focuses on investors buying existing, scattered-site single-family homes, which doesn't happen 99% of the time. Moreover, the executive order does not ban institutional investors, but rather restricts their activity; specifically, "build-to-rent" developments (projects planned and constructed specifically as rental communities) are exempt. The real problem is with these rental communities, as discussed by Warren and Newsom, because most Americans have great difficulty affording rents in those complexes.
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Trump's handlers know that his executive order will have no impact. The order focuses on investors buying existing, scattered-site single-family homes, which doesn't happen 99% of the time. Moreover, the executive order does not ban institutional investors, but rather restricts their activity; specifically, "build-to-rent" developments (projects planned and constructed specifically as rental communities) are exempt. The real problem is with these rental communities, as discussed by Warren and Newsom, because most Americans have great difficulty affording rents in those complexes.