Fox Business host Maria Bartiromo asked Bessent during a forum Tuesday at the 2026 World Economic Forum about President Donald Trump's threat to ban “large institutional investors” from buying up single-family homes, and Bessent expressed support for his "good idea" but said further clarification was needed.
“We are going to give guidance at some point to see what a mom and pop is,” Bessent said. “Someone, maybe your parents for their retirement, have bought five, 10, 12 homes.”
“So we don’t want to push the mom and pops out," Bessent added. "We just want to push everybody else out."
Bessent's comments were broadly assailed as out of touch.
"Just your everyday soybean farmer, Scott Bessent explaining that mom and pop save for retirement by buying 12 homes,"
commented Sen. Ruben Gallego (D-AZ). "This man is so out of touch it hurts."
"He's completely out of touch with reality,"
observed Bluesky user Sloan Ashton. "Who among us hasn't bought an extra dozen homes? This cabinet is filled with billionaires who are incapable of understanding the working poor and middle class."