America is in an affordable housing crisis. With home prices rising dramatically over the past four years and rents following right along, tens of millions of Americans are spending a significant chunk of their income just to put a roof over their heads. This means less money in Americans’ pockets for education, nutritious foods, investments, or an emergency fund. But, new government policies could help lessen the budgeting blow Americans are feeling from unaffordable housing costs, and investors may be able to help while turning a profit.
Dennis Shea, Executive Director of the J. Ronald Terwilliger Center for Housing Policy at the Bipartisan Policy Center, has been fighting for affordable housing long before the recent ramp-up in housing costs. Today, we ask Dennis what caused our unaffordable housing market, why it got even worse after the pandemic, the impacts high home prices have on the economy, and the potential solutions every investor should know about.
We even ask the uncomfortable question: Are investors to blame for the state of housing prices? But worry not—Dennis shares numerous ways investors can actually help low-income households and their communities while turning a profit with affordable housing development. If you’re looking to invest while building an even better housing market, this is the episode for you!
In This Episode We Cover:
Why America is experiencing such a shortage of affordable housing units in 2024
The “root of the housing crisis” that MUST be solved for our housing market to stabilize
Why housing became even more unaffordable after the pandemic
One potential solution that could be a massive win-win for real estate investors and tenants
The affordable housing tax credit that could see a fifty-percent boost is passed
What investors can do to help build affordable housing WHILE turning a profit
And So Much More!
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Resources Mentioned from Today’s Show:
A Bipartisan Opportunity To Address the Affordable Housing Crisis | Opinion
Bipartisan Policy Center
Exploring the Affordable Housing Shortage’s Impact on American Workers, Jobs, & The Economy
The American Housing Act
The Impact of Zoning On Housing Affordability
Connect with Dennis:
J. Ronald Terwilliger Center Website
Dennis' LinkedIn
Dennis' X/Twitter
Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-208
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