Trump goes after institutional home buyers who dominate some Sun Belt markets

Trump goes after institutional home buyers who dominate some Sun Belt markets

President Donald Trump speaks during the House Republican Party member retreat at the Kennedy Center in Washington, Jan. 6, 2026. Mandel Ngan | AFP | Getty Images President Donald Trump’s renewed focus on housing affordability has found a clear villain: institutional investors that own large swaths of single-family homes in fast-growing Sun Belt cities, where…

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California wealth tax proposal leaves billionaires with little way out

California wealth tax proposal leaves billionaires with little way out

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The proposed California billionaire tax includes a special provision that makes it highly unlikely that anyone who wants to leave the state could…

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