US EditionBessent Faces Criticism Over Comments on Home Purchases and Retirement Use
Treasury Secretary Scott Bessent defended protections for ‘mom and pop’ homeowners, who he said may own up to 12 homes, amid criticism of his remarks as disconnected from typical American homeownership.
- On January 20, 2026, U.S. Treasury Secretary Scott Bessent faced ridicule after a video of him suggesting some retirees bought five, 10, 12 homes circulated widely on social media.
- Discussing policy at the World Economic Forum, Bessent linked remarks to the Trump administration's plan to ban large institutional investors from buying single-family homes as officials seek to ease affordability pressures.
- Using illustrative numbers, U.S. Treasury Secretary Scott Bessent said officials would 'give guidance' on defining mom-and-pop real estate investors, citing five, 10, 12 homes and stressing they 'don't want to push the mom and pops out.'
- Online critics and commentators quickly labeled the remarks out of touch, with Sen. Ruben Gallego mocking Bessent: `Just your everyday soybean farmer, Scott Bessent explaining that mom and pop save for retirement by buying 12 homes`.
- Data show the share of first-time buyers fell to 21%, with a median age of 40, highlighting affordability strains that the Treasury Department and White House link to limits on institutional buyers amid President Donald Trump's campaign.
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7 Articles
Treasury Secretary Blasted Over Out-Of-Touch Remark About How Many Homes People Buy For Retirement
Treasury Secretary Scott Bessent had people raising their eyebrows after he made an out-of-touch remark at the World Economic Forum about the number of homes people purchase for their retirement, claiming at a time when Americans are struggling with a nationwide cost-of-living crisis that some are purchasing as many as "12 homes" for their golden years.Bessent described the administration’s strategy to limit the role of large institutional buyer…
Idiot Scott Bessent Thinks Mom And Pop Retirees Own Up To 12 Homes
During a discussion on protecting single-family homes from large institutional investors with Fox News host Maria Bartiromo in Davos, Switzerland, Scott Bessent demonstrated yet again how much of an out of touch idiot he is with most of America by believing average retired "mom and and pop" investors own, "5, 10, 12 homes.
Treasury Secretary mocked after suggesting 'mom and pop' investors own a dozen homes each
Treasury Secretary Scott Bessent was ridiculed for suggesting typical middle-class investors owned as many as a dozen homes.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 invest...
Treasury chief draws ridicule for wanting to protect Americans with '5, 10, 12 homes'
Secretary of the Treasury Scott Bessent was met with mockery after explaining he wants to protect “mom and pop” owners who have up to a dozen homes they’ve bought as retirement investments.Bessent and President Donald Trump have declared they want to ban large institutional investors from purchasing single-family homes as housing becomes more scarce and less affordable. “We are going to give guidance at some point to see what is a mom and pop, t…
Trump's Treasury secretary just shared his idea of a normal retirement plan and it's so out of touch jaws dropped across the internet - 17 totally on-point responses
Treasury Secretary, Scott Bessent, doesn’t want anyone to feel the squeeze of the economy right now so he’s offering up some advice on setting up a retirement plan. Step 1: buy double digit houses. Step 2: Retire. Bessent: Maybe your parents, for their retirement, have bought 5, 10, 12 homes pic.twitter.com/ZUeHiy8EGX — FactPost (@factpostnews) January […] The post Trump’s Treasury secretary just shared his idea of a normal retirement plan and i…
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