Housing affordability is at a forty-year low, and we bet you can feel it. Buying a house seems impossibly far away for first-time homebuyers, rent prices are still far past pre-pandemic levels, and mortgage payments are through the roof. This can’t last forever, and some new government policies are trying to ensure it doesn’t. In this week’s BiggerNews, we’re talking to Dennis Shea, Executive Director at the J. Ronald Terwilliger Center for Housing Policy at the Bipartisan Policy Center, about what policies could benefit the country and whether or not they’ll actually pass.
We’re also getting into Vice President Harris’ housing plan and former President Trump’s housing plan to see what each candidate believes could bring more affordable housing to the market. With President Biden’s recent rent control proposal, many real estate investors are worried their rents could be capped. But will this nationwide rent control proposal go through?
Plus, what effect does affordability have on current homeowners and investors? Low supply means more demand and higher home prices, but could it come at the cost of your local economy, as renters and would-be homebuyers struggle to afford a home? We’re answering it all in this episode of BiggerNews!
In This Episode We Cover:
The housing affordability problem and new government proposals aiming to help
Factors that are making housing so unaffordable and why we’re at forty-year lows
Regulatory and zoning reform, and why we must make construction easier
Harris’ housing policy and new incentivizes to build 3 MILLION homes
Trump’s housing policy and using government land for new construction
Biden’s nationwide rent control proposal and whether or not it has enough support to pass
And So Much More!
Links from the Show
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How the Financial Policies of Trump and Harris Could Impact Real Estate Investors
Bipartisan Policy Center Rent Regulation
Freakonomics - Why Rent Control Doesn’t Work
Connect with Dave
(00:00) Intro
(02:14) Promoting Affordable Housing
(03:04) Our Massive Affordability Problem
(05:49) What Needs to Change
(10:00) Harris' Housing Plan
(14:01) Nationwide Rent Control?
(18:33) Trump's Housing Plan
(22:08) How Affordability Impacts Investors
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1011
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