Blackstone Stock Nosedives As Trump Comes For Their Real Estate Cash Grab

President Donald Trump announced Wednesday that his administration is moving to ban major investors from buying up single-family homes in the US in an attempt to lower house prices.

Major global asset manager Blackstone’s stock slid 7.3% during early Wednesday afternoon following Trump’s announcement, MarketScreener reported. Blackstone was notably the largest private-equity apartment owner in the U.S. last year with over 230,000 units, according to a Private Equity Stakeholder Project report released in April 2025.

Trump claimed in a Truth Social post that former President Joe Biden and congressional Democrats have caused “record high inflation,” which has caused the “American Dream” to become “increasingly out of reach for far too many people.”

“For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans,” Trump wrote in the social media post. “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,” the president emphasized.