A key Trump administration Treasury official is sounding the alarm about proposed restrictions on corporate home purchases, warning that government interference could backfire on American homebuyers.
Former Deputy Treasury Secretary Michael Faulkender told Fox Business Network's "The Bottom Line" on Thursday that limitations on companies buying residential properties make him "pretty nervous" - and he's got a point that every American struggling to afford a home should hear.
While frustrated families watch investment firms and foreign buyers snap up houses in their neighborhoods, driving prices through the roof, Faulkender argues the real solution isn't more government red tape. Instead, he's pushing for the obvious answer Washington refuses to embrace: build more homes.
"Restrictions on companies buying homes make me pretty nervous," Faulkender stated, emphasizing that "the key is to increase supply."
This puts Trump's economic team at odds with populist voices calling for outright bans on corporate homebuying - but Faulkender's free-market approach deserves serious consideration. After all, we've seen what happens when government "solutions" try to fix housing problems. Just look at the disaster zones liberal cities have created with rent control and zoning nightmares.
The Real Housing Crisis
Here's what the mainstream media won't tell you: America doesn't have a corporate buying problem - we have a supply shortage crisis created by decades of bureaucratic red tape, environmental extremism, and NIMBY regulations that make it nearly impossible to build new housing.
While Democrats grandstand about "evil corporations," they're the same politicians blocking construction projects, mandating expensive green building standards, and tying developers up in years of permit hell. Meanwhile, working families get priced out of the American Dream.
Faulkender understands what Trump's second-term agenda gets right: unleash American builders, cut the regulatory nonsense, and let the free market deliver affordable housing. Will Republicans have the backbone to follow through, or will they cave to populist pressure for feel-good restrictions that won't build a single new home?