President Donald Trump sent shockwaves through Wall Street on Wednesday after announcing his administration is moving to ban large institutional investors from buying up single-family homes in the United States—a move aimed squarely at lowering housing prices and restoring the American Dream to, you know, actual Americans.
In a Truth Social post, Trump blamed former President Joe Biden and congressional Democrats for “record high inflation,” arguing their policies have pushed homeownership out of reach for millions, particularly younger Americans.
“For a very long time, buying and owning a home was considered the pinnacle of the American Dream,” Trump wrote. “It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people.” He added that he is “immediately taking steps to ban large institutional investors from buying more single-family homes” and will call on Congress to codify the policy.
“People live in homes, not corporations,” Trump emphasized—apparently a controversial statement in modern finance circles.
The market reaction was swift. Shares of Blackstone, one of the world’s largest asset managers, fell 7.3% early Wednesday afternoon following the announcement, according to MarketScreener. Blackstone was the largest private-equity apartment owner in the U.S. last year, controlling more than 230,000 units, according to a Private Equity Stakeholder Project report released in April 2025. Turns out investors don’t like it when the gravy train slows down.
Republicans quickly rallied behind the move. Indiana Sen. Jim Banks posted “Fully support this” on X in response to Trump’s announcement. Illinois Rep. Mary Miller went a step further, saying she plans to introduce the legislation in the House to “ensure Congress delivers for American families.” That’s what alignment looks like.
Under Biden, inflation hit a modern record, peaking at 9.1% in July 2022, while home prices surged nationwide. Although the average price of a single-family home dipped slightly to $409,200 in November 2025—down from $414,900 the month before—prices previously hit a record high of $432,700 in June 2025, according to National Association of Realtors data compiled by Trading Economics. Not exactly comforting news for first-time buyers.
Neither the White House nor Blackstone immediately responded to requests for comment, which is understandable—one side is focused on helping families buy homes, and the other is busy explaining a sudden stock drop.
Bottom line: Trump is drawing a hard line between Wall Street speculation and Main Street homeownership. By putting families ahead of corporations, the administration is making it clear that the American Dream is meant to be lived in—not traded like a financial asset.
