00:00We've discussed on this show with you before that housing affordability, that is going to be one of the big topics in the 2026 midterm elections.
00:08And with that in mind, we'd love to hear your reaction to this post by President Donald Trump looking at maybe banning those institutional investors from buying single family homes.
00:18Well, I think what everyone has to remember is that this isn't the first idea that the White House has floated.
00:24Originally, they floated the 50-year mortgage or turning federal land over to new affordable housing development space.
00:35So this, I think, is one of those trial balloons they're floating.
00:41This one, interestingly, though, hits the jugular of Blackstone, as you said.
00:46However, everyone also has to remember that one of Trump's bigger donors and advisers is Steve Schwartzman, one of the co-founders of Blackstone.
00:55So I think when whoever put this tweet out, whether it was the president or someone doing it for the president, he quickly got a message, Mr. President, Steve Schwartzman's holding on line one.
01:09So I think that this may be the shortest floated trial balloon of the White House's trial balloon to try to rectify affordable housing.
01:17It is true.
01:18I think you're spot on that affordable housing will be one of the, if not the central themes of the midterm elections.
01:27So the House, sorry, the Senate in July passed a bipartisan bill addressing affordable housing.
01:34And just before the holiday break, the House passed unanimously a bipartisan bill to address affordable housing.
01:44So that will go to reconciliation.
01:47But the White House wants to have its say, too.
01:49And I think it's trying to find what say it will be.
01:52And I think it's trying to find what say it will be.
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