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Trump's bold housing proposal to ban institutional investors from buying single-family homes causes a sell-off in Blackstone stocks. REUTERS/Mike Segar/File Photo

Jan 08, 02:30 AM IST 2 min read

Blackstone Inc. shares fell 5% after President Trump proposed banning institutional investors from buying single-family homes, citing housing affordability concerns. The asset management giant, which manages over $1 trillion and owns a significant rental portfolio, faced backlash for driving up housing prices. Trump plans to elaborate on his housing policies at the World Economic Forum in January.

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