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Wall Street-backed landlords a target for both Trump and Democrats

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Wall Street-backed landlords a target for both Trump and Democrats

An aerial view of a housing development in Las Vegas on Aug. 8, 2025.

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Back in 2020, Ashley Maxwell and her husband were looking to buy their first home, near Indianapolis.

“We looked at over 80 homes in probably a span of two months,” she said.

The couple was in a tight spot. They had three kids and were forced to move because their landlord was selling their rental. That pressure made their search all the more frustrating.

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“We would pull up to a house, our agent would get out and be like, ‘There’s 10 additional offers, sight unseen, all cash.’ Typically that means it’s an investor,” Maxwell recalled.

The couple, who eventually found a place, was one of many whose path to homeownership was stymied by a nationwide surge of institutional investors, then driven by record-low mortgage rates, snapping up single-family homes to rent out.

It’s an issue that President Trump now aims to take on. In a recent social media post, he said he wants to “ban large institutional investors from buying more single-family homes,” to help bring down housing costs.

It’s a popular idea, especially among some Democrats. But passing such laws has proved difficult, and economists say the link of investor-owned homes to high prices is not so simple.

A cap on investor rentals just took effect in this city

In Fishers, Ind., a suburb of Indianapolis, Republican Mayor Scott Fadness was taken aback when he saw new data in a housing report compiled by his team that showed the extent of investor landlords in his city.

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“We have neighborhoods today that are now creeping up to 35, 38% of the homes have been purchased for investment purposes,” he said.

It got so bad, he recalled, that one of his employees who was house hunting sent letters to homeowners, explaining that they were going to work for the city “and would they please consider allowing them to buy the home” instead of an institutional investor.

To address the problem, Fadness last year proposed capping rentals at 10% per neighborhood to protect local homeownership.

“It’s been a source of generational wealth in our country for a very long time, particularly in the middle class,” he said. “I hate to see that go away.”

It’s also more difficult, he said, to deal with code enforcement and other issues when the property owner is an out-of-state corporation.

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Realtor groups opposed a cap, arguing it infringed on private property rights and could deprive sellers of the highest bid, but the City Council backed the plan unanimously. The new law just took effect Jan. 1.

“It was the first time I had proposed an ordinance in our community where outside interests, business interests, came into town and spent money trying to kill the legislation,” Fadness said.

It was a rare win for such a proposal. Cities and states across the U.S. have debated restricting investor homebuyers, yet most measures have failed to pass. One proposal went nowhere in Congress, which Trump has said would need to codify any ban. California Gov. Gavin Newsom joined Trump this month in saying he’s determined to do something.

Economists say large investors are not the biggest factor driving home prices

But housing experts say it’s too easy to blame corporate landlords entirely for skyrocketing prices.

“People see the connection, but they don’t necessarily separate out the cause and effect,” said Laurie Goodman, an economist with the Housing Finance Policy Center at the Urban Institute.

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Prices do go up where investors buy, but she said, “That is part of their strategy,” because the places they choose are already growing. And often, they buy serious fixer-uppers.

“Most of us don’t have the knowledge to do the repairs,” Goodman said. “[Even] if we did, we couldn’t get the financing.”

Nationally, the largest companies own about 3% of the single-family rental market, with larger shares in some places like the Sunbelt. And the institutional buying spree has cooled from its peak in 2022, as higher interest rates have made homes more expensive.

The main driver of rising prices is a housing shortage, Goodman said, and some investors are actually helping to ease that now, by building their own single-family houses to rent.

“The best way to make housing affordable is to simply build more of it — to increase supply,” she said.

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The debate continues in Las Vegas

In Las Vegas, Democratic state Sen. Dina Neal still worries that the build-to-rent trend is undercutting people’s shot at homeownership. She pointed to one corporate investor near her district that built an entire neighborhood of houses to rent.

“They didn’t build the whole entire neighborhood to give it up,” she said. “They wanted to make sure they would secure rental income from 200 different families and keep it.”

What’s more, like Fadness in Indiana, Neal worries that investor rentals are priced so high it can become impossible for many people to save up for a down payment. She said her previous next-door neighbor sold to an investor believing she could trade up, but had to rent a place down the street — from a different corporate investor.

Neal has proposed a cap on corporate landlords three times, but Nevada’s Republican governor, Joe Lombardo, has blocked it, most recently last month.

Neal is surprised — and cautious — now that Trump is taking up her cause. “I am trying to figure out how I entered into a universe where I became aligned with a president who is a nemesis to the Democratic Party,” she laughed.

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But if Trump’s interest can persuade more Republicans to join the push, she said she’ll take it.

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Why cruise ship passengers with possible hantavirus exposure went to Nebraska

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Why cruise ship passengers with possible hantavirus exposure went to Nebraska

The National Quarantine Center is located at the University of Nebraska Medical Center in Omaha.

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Sixteen of the 18 passengers transferred to the U.S. from a cruise ship where there was an outbreak of hantavirus arrived in Omaha, Neb., on Monday for evaluation after disembarking the vessel in Spain’s Canary Islands over the weekend.

Of the 15 U.S. citizens and one dual U.S.-British citizen who arrived in Nebraska, all but one are currently being housed in the National Quarantine Unit. That patient tested positive for the virus and was being housed in the Nebraska Biocontainment Unit, officials said at a Monday news conference. The 15 people in the quarantine unit will continue to be monitored for signs of the illness.

Passengers carry their belongings in plastic bags after being evacuated from the MV Hondius after docking in the Granadilla Port on May 10, 2026 in Tenerife, part of the Canary Islands, Spain.

Passengers carry their belongings in plastic bags after being evacuated from the MV Hondius after docking in the Granadilla Port on Sunday in Tenerife, part of the Canary Islands, Spain.

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Nebraska may seem an unlikely location to process these individuals, but it is home to the National Quarantine Unit — the only federally funded quarantine unit in the U.S. — and the separate Nebraska Biocontainment Unit. They are highly specialized facilities located at the University of Nebraska Medical Center (UNMC) and widely considered among the best in the world.

The $1 million, five-room biocontainment unit was dedicated in 2005. It was a joint project with Nebraska Health and Human Services and the UNMC. It is set up to safely provide medical care for patients with highly hazardous and infectious diseases and was used in 2014 to treat two doctors infected with Ebola. The National Quarantine Unit was completed in late 2019. It cost nearly $20 million, according to the Associated Press. Both facilities were used during the COVID-19 epidemic.

“We are prepared for situations exactly like this,” Dr. Michael Ash, CEO of Nebraska Medicine, said in a statement. “Our teams have trained for decades alongside federal and state partners to make sure we can safely provide care while protecting our staff and the broader community. We are proud to support this national effort.”

Two additional U.S. passengers on the cruise ship — a couple, with one showing symptoms of hantavirus — were transferred for monitoring to Emory University Hospital, where another advanced biocontainment facility is located.

When the biocontainment unit was first dedicated more than 20 years ago, the biggest concerns were anthrax attacks and severe acute respiratory syndrome, more commonly known as SARS, Dr. Phil Smith, who spearheaded the efforts at Nebraska Medical Center to create the biocontainment unit, told the AP in 2020. Smith died last year.

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A hallway leading to rooms at the Nebraska Biocontainment Unit at the University of Nebraska Medical Center.

A hallway leading to rooms at the Nebraska Biocontainment Unit at the University of Nebraska Medical Center.

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The quarantine unit features 20 negative-pressure rooms designed to keep potentially harmful particles from escaping by maintaining lower air pressure inside than outside the rooms. The single-occupancy rooms provide patients with attached bathrooms, exercise equipment and Wi-Fi, according to the medical center.

“We have protocols in the quarantine unit that provide for safe care of these of these persons, including just all the activities of daily living so that they can … have a comfortable stay but also have it in an area that’s protected and limits spread of the pathogen,” Dr. Michael Wadman, the medical director of the National Quarantine Unit, said at a Friday news conference. 

The biocontainment unit, by contrast, is a patient-care space where people are able to receive medical treatment, Dr. Angela Hewlett, medical director of the biocontainment unit, told reporters Monday.

She emphasized that the facility — which has a 10-bed capacity — operates independently from the quarantine unit and has its own dedicated air-handling system. “We don’t share [it] with any of the rest of the facility,” she said, noting that the unit uses rooftop HEPA filtration and is designed “very differently” from what most people typically imagine in a hospital setting.

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One of the rooms in the Nebraska Biocontainment Unit.

One of the rooms in the Nebraska Biocontainment Unit.

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Nebraska Gov. Jim Pillen, speaking at Monday’s news conference, welcomed the recently arrived patients, who are among nearly 150 people from 23 different countries who were aboard the MV Hondius when the illness most commonly transmitted to humans through contact with infected rodents broke out. As of Monday, the World Health Organization has reported at least nine cases of hantavirus, including three deaths.

“We’re glad that you’re here,” Pillen said. “We’re going to ensure that you have the best world-class care possible.”

Pillen also sought to reassure Nebraskans that the facilities are safe and secure: “We’re working diligently to ensure no one leaves the security in an unsecured way at an inappropriate time,” he said. “No one poses a risk to public health, just walking out the front door of the streets of Omaha.”

The hantavirus outbreak on the cruise ship has been identified as the Andes strain of the illness, one that can be spread, though rarely, from person-to-person, according to the Centers for Disease Control and Prevention. It can cause severe respiratory disease, with early flu-like symptoms.

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“The Andes variant of this virus does not spread easily, and it requires prolonged, close contact with someone who is already symptomatic,” according to Adm. Brian Christine, the assistant secretary for health at the U.S. Department of Health and Human Services, who spoke at Monday’s news conference. “Even so, we have taken this situation very seriously from the very start.”

“The risk of hantavirus to the general public remains very, very low,” he said.

The full quarantine period for hantavirus is 42 days, Christine said, but he added that the patients would be allowed to go home if they remained asymptomatic.

“Right now, the passengers that are all in the assessment phase — they’re going to be here for at least a few days while we do assessments and the coordination on what happens next,” he said, adding that they had the option to remain in the quarantine facility for the full period, for “the safest and most effective option for them.”

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Video: Americans Exposed to Hantavirus on Cruise Ship Arrive in United States

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Video: Americans Exposed to Hantavirus on Cruise Ship Arrive in United States

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Americans Exposed to Hantavirus on Cruise Ship Arrive in United States

Eighteen passengers who were aboard the MV Hondius, a cruise ship with a deadly hantavirus outbreak, landed in Omaha on a U.S. government medical flight. The passengers were being monitored at medical facilities in Nebraska and Georgia.

We’re working diligently to ensure no one leaves the security in an unsecured way at an inappropriate time. No one who poses a risk to public health is walking out the front door of the streets of Omaha or beyond.

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Eighteen passengers who were aboard the MV Hondius, a cruise ship with a deadly hantavirus outbreak, landed in Omaha on a U.S. government medical flight. The passengers were being monitored at medical facilities in Nebraska and Georgia.

By Axel Boada

May 11, 2026

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White House Correspondents’ Dinner shooting suspect pleads not guilty in federal court

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White House Correspondents’ Dinner shooting suspect pleads not guilty in federal court

The man charged with attempting to assassinate President Donald Trump at the White House Correspondents’ Association dinner last month pleaded not guilty at a Monday arraignment in federal court.

Cole Tomas Allen, 31, wearing an orange shirt and trousers, was handcuffed and shackled as he was brought into the courtroom in Washington, D.C., federal court. His handcuffs were attached to a chain around his waist, which clanked as he was led to the defense table.

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Speaking on behalf of Allen, federal public defender Tezira Abe said her client “pleads not guilty to all four counts as charged,” including attempting to assassinate the president of the United States, in connection with the April 25 incident at the Washington Hilton hotel.

Assistant U.S. Attorney Charles Jones advised the court that they plan to start producing their first tranche of discovery to the defense by the end of the week.

Officials said Allen, a California teacher and engineer, was armed with multiple guns, as well as knives, when he sprinted through a security checkpoint near the event where Trump and other White House officials had gathered with journalists.

He was arrested after an exchange of gunfire with a U.S. Secret Service officer who fired at him multiple times, a criminal complaint said. Allen was not shot during the exchange. The officer, who was wearing a ballistic vest, was shot once in the chest, treated at a hospital and released.

Trump and top members of his Cabinet and Congress were quickly evacuated from the room as others ducked under tables.

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Allen was initially charged with attempting to assassinate the president, transportation of a firearm and ammunition through interstate commerce with intent to commit a felony, and discharge of a firearm during a crime of violence. On Tuesday, a federal grand jury indicted him on a new charge in the shooting of a Secret Service agent.

Moments before the attack, Allen had sent his family members a note apologizing and criticizing Trump without mentioning the president by name, according to a transcript of some of his writings provided to NBC News by a senior administration official. Allen also wrote that “administration officials (not including Mr. Patel)” were “targets.”

He also appeared to have taken a selfie in his hotel room. Prosecutors said Allen, who was dressed in a black button-down shirt and black pants, was “wearing a small leather bag consistent in appearance with the ammunition-filled bag later recovered from his person,” as well as a shoulder holster, a sheathed knife, pliers and wire cutters.

Officials have said they believe Allen had traveled by train from California to Washington, D.C., before checking into the hotel.

Allen’s sister, Avriana Allen, told law enforcement that her brother would make radical comments and constantly referenced a plan to fix the world, but said their parents were unaware that he had firearms in the home and that he would regularly train at shooting ranges.

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Records show that he had purchased a Maverick 12-gauge shotgun in August 2025 and an Armscor Precision .38 semiautomatic pistol in October 2023.

After his arrest, Allen told the FBI that he did not expect to survive the incident, according to Assistant U.S. Attorney Jocelyn Ballantine. He was briefly placed on suicide watch at the Washington, D.C., jail, where he’s being held.

Allen is expected to appear in court for a June 29 hearing.

At Monday’s arraignment, his legal team said they plan on asking for the “entire office” of the U.S. attorney for the District of Columbia to be recused because of U.S. Attorney Jeanine Pirro’s apparent involvement in the case in a “supervisory role.” Federal public defender Eugene Ohm said some of the evidence they receive from the government will further inform that decision.

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