Mortgages discussions and local services.
Huge News for Homebuyers: Trump Wants to Ban Corporate Investors from Buying Single-Family Homes
I keep wondering the same thing. Like, if they ban corporate buyers, will my odds of getting a house actually go up, or will I just be outbid by someone from California with cash? I’ve lost out to both - one time, I swear the winning offer was from a hedge fund and the next, it was a family moving in from out of state. Maybe it’d help a little, but unless more people decide to sell, it still feels like musical chairs... and I’m always left standing.
Honestly, that’s what I keep thinking too. Even if they kick out the big investors, there’s still people rolling in with all-cash offers from out west. Do you think local first-time buyers would actually get much of a leg up, or would prices just keep going nuts anyway?
I get where you’re coming from. Even if the big funds are out, there’s still a ton of outside money flooding in. In my experience, unless there’s a real boost in supply - like more homes actually getting built - prices aren’t going to magically drop for locals. The demand is just too high and people with cash will always have an edge. It might slow things down a bit, but I wouldn’t count on it making homes suddenly affordable for first-timers.
Even if the big funds are out, there’s still a ton of outside money flooding in.
That’s a really good point. I keep wondering - if the big corporate buyers are blocked, does that just open the door wider for smaller investors or cash-rich individuals? Like, is it just shifting the problem around? I totally agree that unless we see a serious uptick in new builds, it’s hard to imagine prices dropping much. Have you noticed any areas where new construction actually made a dent in affordability, or is it always just a drop in the bucket?
Honestly, I haven’t really seen new construction move the needle much in terms of affordability, at least not in the markets I’m familiar with. Even when a bunch of new homes go up, they’re usually priced at or above the current market, so it doesn’t really help first-time buyers. And yeah, if you block the big funds, you just get smaller investors or even foreign buyers stepping in - it’s like squeezing a balloon. The demand just shifts around. Maybe in some smaller cities, a big development can cool things off a bit, but it’s rare.