Trump announced steps to ban to large institutional investors from buying homes. He intends to seek Congress to 'codify' (pass a law) that would make it a formality.
Weitz Take: Love him or hate him, I do like this policy. Companies like Invitation Homes should build housing like multi-family rather than extract from current inventory. As is, they take homes off the market and provide far less inventory to people looking to purchase homes and skewing natural supply/ demand.
It's important to note that this may certainly affect Western Washington. I can tell you with certainty that Invitation Homes was a huge purchaser of homes about 10-15 years ago in the area. I don't know what they have done recently but removing them as a potential buyer and possibly pushing them to sell what inventory they do have (it's uncertain whether this is a part of the proposal from Trump) would lead to a lot more supply on the market and likely hurt pricing overall in the area.
That said, I don't make strong assertions on a law until we see the actual language. As usual, the devil is in the details.
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