San Diego, CA

Should Congress bar big investors from buying single-family homes?

Published

2 months ago

January 15, 2026

Should Congress bar big investors from buying single-family homes?

President Donald Trump said recently on social media he would ask Congress to stop large investors and private equity firms from buying single-family homes.

His plan did not have many details but echoed a common refrain across the U.S. that investors should not own homes and that they drive up prices.

Critics have argued the issue is overstated, with an estimated 4% of single-family rentals owned by institutional investors. Studies over the years have routinely shown San Diego County as having one of the lowest rates of institutional investors.

Still, the move is likely to be popular with voters and even stopping some big firms, like Blackstone, from buying properties could make a small difference in the real estate market.

Question: Should Congress bar big investors from buying single-family homes?

Economists

Ray Major, economist

YES: Institutional investors should be banned from owning single-family homes. The American dream is built on homeownership, and every person in the United States should be able to work hard and afford a home. Institutional investors reduce the supply and increase home prices turning potential homeowners into lifelong renters. This, in the long run, will eliminate the average American’s ability to build generational wealth and pass it on to their children.

Caroline Freund, UC San Diego School of Global Policy and Strategy

NO: Investors have mixed effects on housing affordability. Families who cannot afford to buy benefit from renting in neighborhoods with strong schools. Investors can also stabilize markets during downturns, as they did after the financial crisis when prices collapsed. To improve affordability, limiting ownership by large investors in markets where they have pricing power would make more sense than an all-out ban. And if the goal is to increase housing supply and improve affordability, there are far better tools than investment restrictions.

Kelly Cunningham, San Diego Institute for Economic Research

NO: The vast majority of single-family rental homes are owned by small to mid-size landlords, less than 5% by large investors. Blaming big firms seems a populous desire to make the administration look like caring about home prices and doing something about affordability, but ignoring real drivers of housing costs and actual problems caused by overregulation, development restrictions and compounding fees. Blaming investors could end up with policies having adverse consequences on home markets altogether.

Alan Gin, University of San Diego

YES: Even though institutional investors are a small part of the market, their influence is growing. They are important at the margin, which can have big implications for some communities. By increasing the demand for housing, they cause prices to go up, which leads to housing price inflation as one of the biggest contributors to the elevated overall inflation rate. They can also squeeze out individual buyers, who may have difficulty competing with all-cash offers in a high-interest-rate environment.

James Hamilton, UC San Diego

NO: If an investor buys a home and rents it out, that is one less home occupied by an owner and one more home occupied by a renter. This does not change the overall cost of housing. Moreover, the Constitution does not give Congress or the president the power to impose such a rule. This is a local problem, not a national issue. The real solution is to reduce local fees and restrictions on home building.

Norm Miller, University of San Diego

NO: This limit on institutional ownership is symbolic of populous-driven interference in the housing market, and just like rent controls, it is harmful in the long run, inhibiting capital allocation and new supply in the housing market. Home prices and rent levels are overwhelmingly driven by supply-demand fundamentals: i.e. job growth, migration, zoning constraints, NIMBYs and construction levels. Institutions may manage rents more systematically, using dynamic pricing tools and standardized operating procedures — but they do not set the market. They respond to it.

David Ely, San Diego State University

NO: The shortage of affordable single-family homes is primarily due to insufficient new construction. Existing homeowners choosing not to upgrade because they do not want to give up their low-rate mortgage is a contributing factor. Given the relatively small share of single-family homes owned by institutional investors, restricting their purchase of homes will not materially expand the stock of housing available to households or slow price appreciation.

Executives

Phil Blair, Manpower

NO: The issue is not who owns rental properties, but how few there are available. The private sector has found a real estate investment niche and deserves to be able to exploit it. The law of supply and demand says build more housing and the rental prices will collapse. The administration could be opening up thousands of acres of underutilized land across the country for much-needed housing.

Chris Van Gorder, Scripps Health

YES: The percentages might be low in terms of numbers of homes purchased by large investors, private equity or other corporate investors. But their purchases do escalate the price of homes by reducing the inventory available for those wishing to purchase homes for their own personal use by private assets. I think this could modestly control the price of homes by increasing availability for private purchasers.

Jamie Moraga, Franklin Revere

NO: President Trump proposed banning large institutional investors from buying more single-family homes. The key word “more” suggests a limit, not a sell-off. Instead of an outright ban, Congress could find bipartisan support for assessing a cap on institutional single-family homeownership. A cap could ease competition for first-time buyers, help protect tenants from “mega-landlords” and reduce market concentration. It could also help balance housing affordability, rental supply, and homebuilding impacts.

Gary London, London Moeder Advisors

YES: But this is a bit of economic dodgeball because there are relatively few homes held in institutional portfolios in San Diego. I propose legislation that focuses on 1) zoning and land use policies to encourage new housing construction, 2) incentivize senior citizen downsizing by eliminating capital gains tax and 3) allow a one-time pass-through of existing property taxes for new transactions. Then a more robust resale market would emerge, coupled with demand for new housing.

Bob Rauch, R.A. Rauch & Associates

NO: Institutional investors represent a small share of the housing market, so banning them would do little to lower prices. They also supply rental housing for people who can’t or don’t want to buy. Proposals to restrict who can purchase property mirror the kinds of policies pushed in New York City by Mayor Mamdani. We need to reduce regulations, taxes, and fees that constrain supply. Limiting who can buy homes shrinks the market and discourages construction.

Austin Neudecker, Weave Growth

YES: While institutional ownership currently only represents 4% of the market, funds with increasing algorithmic targeting, cash bids and conversion to rentals can drive prices and create negative externalities, especially impacting first-time buyers. First, run market-specific trials with short sunsets and analyze the impact on prices, supply and rental affordability before broader implementation or allow them to lapse.

Have an idea for an Econometer question? Email me at phillip.molnar@sduniontribune.com. Follow me on Threads: @phillip020

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San Diego, CA

Sir Mohamed Mansour brought a global movement to San Diego, and nearly won MLS Cup in Year 1

Published

24 hours ago

March 26, 2026

Press Room

Sir Mohamed Mansour brought a global movement to San Diego, and nearly won MLS Cup in Year 1

As Sir Mohamed Mansour was finalizing a deal with the Sycuan Band of the Kumeyaay Nation to invest in San Diego FC in 2022, he reflected on their combined history. The Sycuan said they’d lived in the San Diego region for 12,000 years. Mansour looked to his own Egyptian culture’s 7,000-year existence.

“If we have 19,000 years of history we can’t lose,” said the 78-year-old.

When San Diego FC finally lost in the 2025 MLS Cup playoffs, it was in the Western Conference finals, capping the best debut season in the league’s history. Mansour spoke about the experience Thursday morning during the Business of Soccer conference at Mercedes-Benz Stadium in Atlanta.

“The first game, to me, meant everything. That night was a sleepless night because I’m very passionate about soccer,” he said.

Mansour would have settled for a respectable loss; they were playing defending MLS Cup champs L.A. Galaxy. But San Diego FC scored twice unanswered, winning the opener. And another sleepless night ensued.

Mansour discussed early life health issues, including being hit by a car when he was 10 years old, which left him bed-ridden for three years. He read American comic books and studied. His family’s wealth was confiscated by the Egyptian government during a 1965 revolution, and he later beat cancer as a 20-year-old while studying in the U.S.

Now the billionaire chairman of Mansour Group, an Egyptian conglomerate owned by his family, Mansour is also chairman of the Right To Dream Academy, which has made San Diego its fifth outpost. San Diego FC’s $150M Sharp HealthCare Performance Center includes residences and a school for Right To Dream participants in the club’s academy system. Mansour mentioned his plans to construct 100 pitches for underprivileged kids in San Diego.

“We are more than a football academy. We’re a global movement, built upon the belief that everyone has the right to dream,” said Mansour. “We’ve been rewriting the rules of talent development for over 20 years, guided by our core belief that excellence can be found anywhere.”

While creating hundreds of opportunities for children in underdeveloped countries, Right to Dream has generated tens of millions of euros in transfer fees for clubs within the network.

Mansour, who graduated from N.C. State in 1968 with an engineering degree and then earned a Masters’ from Auburn, differs from many MLS owners because he is a native soccer fan, he had extensive soccer business experience, and even an idea of how he’d like his team to play (possession-based).

Asked which he’d prefer — for Egypt to win the World Cup or San Diego FC to win MLS Cup — Mansour answered the United States (to win the World Cup) and San Diego FC to win MLS Cup.

“I tell you why. I’m a businessman too,” he said, grinning. “And if the US does well in this World Cup, soccer is going to grow.”

Rapid fire with Sir Mohamed Mansour

Comic book hero: Superman

Kryptonite: Worrying

Favorite athlete: Michael Jordan

Favorite soccer player: Mohamed Salah

Childhood hero: His father

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San Diego, CA

3 San Diego State players who won’t be on the roster in the 2026–27 season

Published

1 day ago

March 25, 2026

Press Room

3 San Diego State players who won’t be on the roster in the 2026–27 season

The San Diego State Aztecs are bracing for some possible serious turnover this offseason and it’s not all going to be via the transfer portal.

Leading scorer Reese Dixon-Waters is out of eligibility, as are Jeremiah Oden and Sean Newman Jr. Newman can petition for another season based on his junior college years, but it’s anyone’s guess if he’d get it.

Obviously, San Diego State’s roster movement is far from complete and the transfer portal doesn’t even open until April 7, the day after the national championship game.

The Aztecs’ once-promising season ended when they were left out of the NCAA Tournament following their loss to Utah State in the Mountain West Tournament championship game.

There are some players we know will not be on the squad next season, which will be the Aztecs’ first in the new-look Pac-12:

Guard Reese Dixon-Waters

San Diego State Aztecs guard Reese Dixon-Waters (39). | Mark J. Rebilas-Imagn Images

After missing all of the 2024-25 season with a broken foot, Dixon-Waters returned for his final season of eligibility and led the Aztecs in scoring at 13.1 points per game. He was a second-team All-Mountain West pick. He scored his 1,000th career point at UNLV on Jan. 24 and finished his career with 1,220 points.

Dixon-Waters played his first three seasons at USC before transferring to SDSU, where he started 23 of 37 games in 2023-24. He was a preseason All-Mountain West pick the next season before breaking a foot. He was so highly regarded that, despite missing all of last season, he was named to the preseason All-MW team in October.

One of his notable accomplishments was attempting more free throws (43) without a miss to start the 2023-24 season than any player in the country.

Forward Jeremiah Oden

San Diego State Aztecs forward Jeremiah Oden (25). | Isaiah J. Downing-Imagn Images

Oden started 15 games and played in 30 of 33 games in his final season of eligibility after transferring from Charlotte, where he redshirted in 2024-25. He averaged 4.6 points, 2.3 rebounds and 13.8 minutes.

Oden scored his 1,000th career point on Feb. 3 against Wyoming, where he played his first three college seasons. He finished his career with 1,024 points and 495 rebounds.

Oden didn’t play at all in a blowout home win against Utah State on Feb. 25, when Dutcher shortened his rotation from 11 to nine players. He had started the previous nine games.

Oden also played one season at DePaul.

Guard Sean Newman Jr.

San Diego State Aztecs guard Sean Newman Jr. (4). | Mark J. Rebilas-Imagn Images

The transfer from Louisiana Tech played in all 33 games and made four starts, including Senior Night in the regular-season finale against UNLV and all three games in the MW tournament, when freshman Elzie Harrington was out with an injury.

Newman averaged 3.3 points, 2.4 assists and 15.4 minutes.

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San Diego, CA

The Streamline: Concerns raised over future of Tecolote Canyon Golf Course

Published

2 days ago

March 25, 2026

Press Room

The Streamline: Concerns raised over future of Tecolote Canyon Golf Course

Here is what you need to know in the March 25, 2026, Streamline newsletter:

This morning, we’re tracking San Diego Unified School District’s decision to rename Cesar Chavez Elementary School in the wake of serious allegations against the civil rights icon.

We’re also following the City of San Diego’s search for a new operator to reopen Tecolote Canyon Golf Course — and the neighbors pushing to safeguard and restore the surrounding natural space.

Plus, consumer reporter Marie Coronel shows why brand loyalty might be costing you more on your cell phone bill.

THE STREAMLINE

WATCH — ABC 10News brings you The Streamline for Wednesday, March 25 — everything you need to know in under 10 minutes:

The Streamline: Wednesday, March 25

TOP STORY

The San Diego Unified School District board voted Tuesday night to begin renaming Cesar Chavez Elementary School following allegations of sexual abuse against the labor leader.

The process will start with school leaders meeting with parents, teachers, students, and community members to select a new name.

While renaming a school typically takes several months, district officials said the timeline could be expedited in this case.

San Diego Unified usually limits itself to one school name change per year — in February, Clairemont High School’s mascot was changed from the Chieftains to the Captains.

However, board members said they would make an exception for this situation.

San Diego Unified initiates renaming process for Cesar Chavez Elementary over abuse allegations

RELATED COVERAGE:

MICROCLIMATE FORECASTS

Coasts

Inland

Mountains

Deserts

BREAKING OVERNIGHT

(AP) — Iran received a 15-point proposal from the U.S. to reach a ceasefire in the war, two Pakistani officials said Wednesday.

The Pakistani officials described the proposal broadly as touching on sanctions relief, civilian nuclear cooperation, a rollback of Iran’s nuclear program, monitoring by the International Atomic Energy Agency, missile limits and access for shipping through the Strait of Hormuz, the narrow mouth of the Persian Gulf.

The Trump administration reportedly offered the plan to Iran as the U.S. appears to seek an end to the war even while more troops head to the Middle East.

The plan was submitted to Iran by intermediaries from the government of Pakistan, which has offered to host renewed negotiations between Washington and Tehran, a person briefed on the plan’s contours but who was not authorized to speak publicly told The Associated Press on Tuesday.

The U.S. military is preparing to deploy at least 1,000 troops from the 82nd Airborne Division to the Middle East in the coming days, according to three people with knowledge of the move who spoke on condition of anonymity to discuss sensitive military plans.

Any talks between the U.S. and Iran would face monumental challenges. Many of Washington’s shifting objectives, particularly over Iran’s ballistic missile and nuclear programs, remain difficult to achieve, and it is not clear who in Iran’s government has the authority or would be willing to negotiate.

Iranian Foreign Minister Abbas Araghchi’s office said he has been discussing the war this week with several counterparts, but Mohammad Bagher Qalibaf, the speaker of Iran’s Parliament, denied Trump’s claim of direct talks and an Iranian military spokesperson declared that the fighting would go on.

Alluding to progress in talks, U.S. President Donald Trump claimed Iran shared an oil- and gas-related “present,” a day after telling reporters that the Middle Eastern nation is eager for a deal to end the war.

Story by The Associated Press

CONSUMER

While loyalty is usually a good thing, it’s possible it could be costing you money when it comes to your cell phone bill.

WATCH — Consumer reporter Marie Coronel goes over the simple checks you can do right now to make sure you’re not overpaying:

Comparing cell phone plans to save money on your bill

WE FOLLOW THROUGH

The City of San Diego is seeking proposals from companies to lease and reopen the Tecolote Canyon Golf Course. While golfers welcome the move, some nearby residents argue it could harm the environment.

WATCH — Reporter Dani Miskell spoke to some neighbors about their expectations for whoever comes in to run the golf course:

Concerns grow over future of Tecolote Canyon Golf Course

RELATED COVERAGE:

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