From:
Columbia Business School Professor Stijn Van Nieuwerburgh spoke with ABC News reporter Max Zahn about former President Donald Trump’s proposal aimed at lowering home prices by restricting Wall Street ownership of residential housing. Van Nieuwerburgh explained that while institutional investors often attract public attention, they account for a relatively small share of the overall housing market. He noted that the primary drivers of affordability challenges remain structural supply shortages, zoning constraints, and higher interest rates—factors that such a proposal would not meaningfully address. As a result, he argued, the policy is unlikely to produce significant relief for homebuyers.
