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Bessent Under Fire for Suggesting a Flux of Purchased Homes Are 'for Retirement'

Treasury Secretary Scott Bessent defended a proposal to ban large investors from single-family homes while protecting retirees owning up to a dozen properties, amid criticism of being out of touch.

Treasury Secretary Scott Bessent faced backlash over a video clip in which he suggests that some retiring Americans have purchased “five, 10, 12 homes.” Bessent spoke with Fox Business host Maria Bartiromo at the World Economic Forum Tuesday when he discussed President Donald Trump’s ban on large institutional investors buying single-family homes. He said that the ban doesn’t apply to individual buyers. “So the ban on institutional investors and…

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The New Civil Rights Movement broke the news in on Tuesday, January 20, 2026.
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