Trump signs executive order barring Wall Street investors from buying single family homes.

Photo above – Trump has signed 225 executive orders since being sworn in a year ago. The new rule against wall street investors owning homes is the latest. No autopen apparent at this signing, but that does look like a $hitload of crypto meme coins of the table behind him.

This may be the most populist executive order yet from Trump. “Wall Street Investors” (and probably corporations) have to stop buying single family homes. See link below.

I hope this works. There’s a lot of anxiety about who should legally be able to buy homes among people who don’t actually own a home. The theory is that housing prices will come way down if corporations can’t buy houses. Possibly. But if that happens there are going to be a LOT of retirees who are extremely pissed off at Trump for ruining their plans to cash out of their homes and use the capital gains to help pay living expenses and medical bills as. We’ll see.

The devil is in the details, of course. Trump’s cabinet members – at a later date – will define terms like “single family home” and “wall street investor”. So, there will probably be a rush to complete pending sales in the next 30/60/90 days. Since Scott Bessent (Treasury Secretary) is on point to come up with the missing definitions, we better hope he doesn’t quit like he’s threatened to recently. I’m not sure I want backup cabinet members like Tulsi Gabbard or Kristi Noem trying to take on Harvard trained Wall Street lawyers by themselves.

Hopefully (presumably) “wall street investors” will still be able to BUILD single family homes and offer them for sale or rent to anybody who wants to live in them. But you never know. Trump's executive order is vague about THAT too. Will we need definitions for "build" and "live in"?

Because I’m a cynical person, I tried to imagine ways “wall street investors” could circumvent this executive order. Here’s what I came up with in about 3 minutes:

1 – Create a non-profit org as a holding company for homes purchased. All you need to do is show that rents do not exceed mortgage payments to lienholders. Bonus factor - you escape corporate income tax.

2 – Invite my friends and family to own the properties which I purchase. Tell my friends and family to stop being wall street investors, since their day job is now property management.

3 – Invest $1 billion into Trump meme coins for a special exemption. Or to become a member of the Gaza "Board of Peace" . . .

Okay ... is this enough to get the conversation going? Mr. Bessent, please feel free to use my ideas as a starting point in your efforts to fight corruption. And please don’t quit over Trump’s Fed remodeling lawsuit against your friend Jerome Powell. The Fed HQ remodeling is actually going better than the White House remodeling.

I’m just sayin’ . . .

Trump signs executive order barring Wall Street investors from buying single-family homes

https://www.msn.com/en-us/news/politics/trump-signs-executive-order-barring-wall-street-investors-from-buying-single-family-homes/ar-AA1UCMfq?ocid=msedgntp&pc=HCTS&cvid=6970cdf85c96430596149e62946b988d&ei=17