Creating affordable housing by banning large real estate investors


Creating affordable housing by banning large real estate investors
GREEN BAY, Wis. — Some help could be on the way for prospective homebuyers in Wisconsin and across the U.S. President Trump said he plans to ban large investors from buying up more single-family homes. What You Need To Know President Trump on Wednesday said he`s "taking steps to ban large institutional investors from buying more single-family homes," linking the move to housing affordability Real estate investors accounted for 33% of second-quarter home purchases in the U.S., according to Batchdata Realtor.com gives Wisconsin a “C”in home affordability; the median list price of a single-family home is $381,282, while the average family’s income is about $74,195, leading to more big investors snatching up the limited supply of available homes on the market Noel Halvorson, the President of Neighborworks in Green Bay, said institutional investors aren`t helping. The affordability crisis for people aspiring to purchase homes when there`s a limited supply of homes available and competition for those prices go up In a social media post on Wednesday, Trump stated he is taking steps to ban institutions from buying up single-family properties, and he’s calling on Congress to codify it... ...more Leo`s notes: As housing affordability continues to slip out of reach for many Wisconsin families, the renewed focus on curbing institutional ownership of single-family homes highlights a growing consensus: homes should primarily serve as places to live, not just financial assets. Even as proposals from the current administration spark debate, the underlying issue remains clear: without more owner-occupied housing and increased supply, Wisconsin’s “C”-grade affordability will continue to erode the American dream of home ownership.
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GREEN BAY, Wis. — Some help could be on the way for prospective homebuyers in Wisconsin and across the U.S.

President Trump said he plans to ban large investors from buying up more single-family homes.

What You Need To Know

President Trump on Wednesday said he`s "taking steps to ban large institutional investors from buying more single-family homes," linking the move to housing affordability

Real estate investors accounted for 33% of second-quarter home purchases in the U.S., according to Batchdata

Realtor.com gives Wisconsin a “C”in home affordability; the median list price of a single-family home is $381,282, while the average family’s income is about $74,195, leading to more big investors snatching up the limited supply of available homes on the market

Noel Halvorson, the President of Neighborworks in Green Bay, said institutional investors aren`t helping. The affordability crisis for people aspiring to purchase homes when there`s a limited supply of homes available and competition for those prices go up

In a social media post on Wednesday, Trump stated he is taking steps to ban institutions from buying up single-family properties, and he’s calling on Congress to codify it...

...more

Leo`s notes: As housing affordability continues to slip out of reach for many Wisconsin families, the renewed focus on curbing institutional ownership of single-family homes highlights a growing consensus: homes should primarily serve as places to live, not just financial assets. Even as proposals from the current administration spark debate, the underlying issue remains clear: without more owner-occupied housing and increased supply, Wisconsin’s “C”-grade affordability will continue to erode the American dream of home ownership.

Creating af­fordable housing by banning large real estate investors

What You Need To Know

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Creating affordable housing by banning large real estate investors