Trump Wants to Ban Big Investors from Buying Homes. Would It Affect Short-Term Rentals?

President Trump’s proposal to ban institutional investors from buying single-family homes has drawn a mixed response from vacation rental industry experts, most of whom said the practical impact would hinge on how any legislation defines both “institutional investors” and “single-family homes.”

Trump said in a social media post Wednesday that achieving the American Dream of home ownership is increasingly out of reach. “It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations,” he wrote.

Jamie Lane, chief economist at AirDNA, said the vast majority of vacation rental managers oversee just one to five properties — so there’s little institutional ownership involved.

“Therefore