Economic News

[Callatoroy]

Even Donald Trump gets it right sometimes | Opinion

Trump's threat to rein in Wall Street's squeeze on the housing market is a good thing.

www.newsweek.com

““It is rare to find a policy idea floated by President Donald Trump that merits genuine praise. But intellectual honesty requires giving credit when it is due, even when it comes from a political adversary.
This week, Trump announced on social media that his administration is moving to ban Wall Street firms from purchasing single-family homes. It is a striking proposal, and a long-overdue one. If implemented, it would represent one of the most meaningful interventions in the housing market in decades.”

 

[lawtig02]

Even Donald Trump gets it right sometimes | Opinion

Trump's threat to rein in Wall Street's squeeze on the housing market is a good thing.

www.newsweek.com

““It is rare to find a policy idea floated by President Donald Trump that merits genuine praise. But intellectual honesty requires giving credit when it is due, even when it comes from a political adversary.
This week, Trump announced on social media that his administration is moving to ban Wall Street firms from purchasing single-family homes. It is a striking proposal, and a long-overdue one. If implemented, it would represent one of the most meaningful interventions in the housing market in decades.”

I agree something like this would be helpful for people trying to enter the market. It will also have some negative consequences, of course, and I’m not sure how Trump has the power to do that unilaterally, but stricter regulation of the corporatization of America’s housing supply is a real need, and one Biden’s team should have jumped on early in his term.

 

[Callatoroy]

I agree something like this would be helpful for people trying to enter the market. It will also have some negative consequences, of course, and I’m not sure how Trump has the power to do that unilaterally, but stricter regulation of the corporatization of America’s housing supply is a real need, and one Biden’s team should have jumped on early in his term.

It can very easily lead to some negative consequences. It’s an issue that has to be addressed from both an affordability and supply standpoint or it can make things worse.

 

[ChileG]

Even Donald Trump gets it right sometimes | Opinion

Trump's threat to rein in Wall Street's squeeze on the housing market is a good thing.

www.newsweek.com

““It is rare to find a policy idea floated by President Donald Trump that merits genuine praise. But intellectual honesty requires giving credit when it is due, even when it comes from a political adversary.
This week, Trump announced on social media that his administration is moving to ban Wall Street firms from purchasing single-family homes. It is a striking proposal, and a long-overdue one. If implemented, it would represent one of the most meaningful interventions in the housing market in decades.”

I can get behind this. I am sure there are some nuances that will need to be worked out, but overall a positive development.
A good example of Washington exerting limited governance where appropriate.

 

[BlooVooDoo]

Yeah, I have 15 years fixed at 1.75%.

 

[superrific]

Trump has no power to do that unilaterally. If the government has authority at all, it would have to be by means of a regulation promulgated by the appropriate federal agency pursuant to notice and comment rulemaking.