Erica

That's ridiculous.

And I think we shouldn't allow that.

So I'd be much more supportive of that type of policy, but I don't think that's what Trump was doing in this case.

Yeah, right.

But that's the story where it might've been debunked, but go ahead, Bob.

I mean, I think that, again, in the research I've done and the stories I've seen, I think there is some, I guess what I would call misinformation about this.

I just asked Brock about this and

It was Blackstone that was the name of the place that was buying up some, but they own a total of about 62,000 homes in the whole country.

And that may sound like a lot, and it probably is a lot, but that's still a pretty small percentage.

Well, and it may be a problem in certain neighborhoods, but here's what Grok tells me.

Large institutional investors, and they define that as those with over 100 homes, they own roughly 1% to 3% of the single-family housing stock.

that's a total of 574 000 homes which again is just one to three percent of the total market and that was as of 2022 and it says it's gone down since then so it says their share of purchases declined since peaks around 2022 and they account for under two percent of home buys in many periods all investors including the small mom and pop ones have bought higher shares

sometimes 25% to 34% in 2025 quarters due to high mortgage rates that are sidelining regular buyers.

And it does say in some specific metro areas like Atlanta, Charlotte, or Jacksonville, institutional ownership overall reaches 15% to 25% of single-family rentals, which makes it feel more like an issue.

But nationally, it's not really that big of an issue.

And

So, I mean, again, all real estate is local.

And if you're in Atlanta and it's hard to find a home to buy and all the institutions are buying them, yeah, that's a big deal.

And maybe this will help with that.

But I think as an overall national issue, I just don't know that it's really going to make much difference because it's not really happening as much as the media is saying it is.