Wall Street Homebuyers Plan Counter-Offer After Trump Threat

Wall Street homebuyers rattled by President Donald Trump’s broadside are plotting their own proposals to defuse the risk of getting shut out of the housing market.

“If the administration were to sit down with a group of us we could put a we could put a proposal — we could put a project — together,” Pretium Co-President Stephen Scherr said in an interview Monday on Bloomberg Television. “Conversations, as you might imagine, have begun,” he added, referring to talks within the industry.

While politicians have long targeted single-family rental companies, Trump’s proposal on social media last week to ban ...