Trump Could Slash Housing Costs by Backing Democratic Bill, Lawmaker Says

A U.S. lawmaker has made a rare public suggestion: former President Donald Trump could fulfill his promise to lower housing costs by supporting a Democratic bill in Congress. The proposal, called the "End Hedge Fund Control of American Homes Act," targets a major factor in high home prices. It would remove tax incentives for large investment companies to buy single-family houses. These big firms, sometimes called institutional investors, have purchased hundreds of thousands of homes in recent years. They often pay in cash, beating out regular families. Critics say this practice reduces available homes for sale and drives up prices and rents. The bill would force these large companies to sell all their single-family homes to non-company buyers over a 10-year period. If they do not, they would face heavy taxes. The goal is to return houses to the traditional market for individual and family buyers. The lawmaker's statement creates an unusual moment of potential political agreement. High housing costs are a top concern for voters across the political spectrum. The comment suggests that solving the crisis may require support from both parties.