A former Trump Treasury official is sounding the alarm about proposed restrictions on companies buying residential properties, warning that such policies could backfire on American families struggling to find affordable housing.
Michael Faulkender, who served as Deputy Treasury Secretary under President Trump's first administration, told Fox Business Network's "The Bottom Line" on Thursday that restrictions on corporate home purchases make him "pretty nervous."
While many Americans are rightfully frustrated watching Wall Street giants and foreign investors snap up single-family homes, Faulkender argues that government restrictions aren't the answer. Instead, he's pushing for the tried-and-true conservative solution: increase supply.
"The key is to increase supply," Faulkender emphasized, echoing the free-market principles that made America's economy the envy of the world.
This puts Faulkender at odds with some populist voices in the MAGA movement who want to see immediate action against corporate home buyers. But his concerns deserve serious consideration from Patriots who understand that government intervention often creates more problems than it solves.
The Real Housing Crisis
Here's what the establishment media won't tell you: America's housing affordability crisis isn't caused by corporate buyers alone. It's the result of decades of government red tape, zoning restrictions, and bureaucratic barriers that prevent developers from building the homes families need.
While BlackRock and other Wall Street vultures deserve criticism for their predatory practices, slapping government restrictions on the market could end up hurting the very Americans we're trying to help. What happens when those restrictions drive up costs or create unintended consequences?
Faulkender's supply-side approach aligns with President Trump's deregulation agenda. Cut the red tape, eliminate bureaucratic barriers, and let American builders do what they do best: build homes for American families.
The question Patriots need to ask: Do we want government bureaucrats picking winners and losers in the housing market, or do we want free-market solutions that actually work? Sometimes the best conservative answer isn't the most politically popular one.