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Trump Announces Ban on Institutional Investors Purchasing Detached Houses in US
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US President Donald Trump stated on Wednesday that immediate measures will be taken to prohibit institutional investors from purchasing detached houses, as part of efforts to address housing affordability issues. Last month, Trump had disclosed plans to introduce an aggressive housing reform plan in the US. Following this announcement, Blackstone (BX.US), a major investor in US detached houses, once plunged 9%, with the latest decline narrowing to over 4%. AASTOCKS Financial News Website: www.aastocks.com |
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