VP Harris Wants to Stop Wall Street Homebuying, But Will It Help Regular Buyers?
On The Market
Shownotes Transcript
Kamala Harris has a plan to** make it easier for **first-time homebuyers) to buy a house, but it comes at the expense of institutional investors. Eviction filings surge throughout the Sunbelt states, EVEN as apartment **rent prices fall **across all bedroom counts. And could commercial real estate’s struggles lead to you paying even **higher **property taxes)? We’re getting into it all in today’s headlines show!
First, we’re talking about **Kamala Harris’ new proposal to kick Wall Street out of **the single-family homebuying arena, potentially opening up space for first-time homebuyers to finally break out of renting. The proposal sounds promising, but is it too late to actually impact today’s housing market when institutional investors take up such a small amount of the single-family supply? We’re giving our takes on the new proposal.
Apartment rent prices fall across all bedroom counts for the first time in years. But, even with seemingly improving rent affordability, eviction)** filings have surged **across the South. Even with the rent drops, are tenants simply unable to pay such high prices for everything, rent included, in 2024? Lastly, we’re talking about how the decline in commercial real estate and office space has led to cities increasing property taxes, and by no small amount.
In This Episode We Cover
Whether Kamala Harris)**’ anti-Wall Street ownership proposal **could work for homebuyers
Why apartment rent prices are falling, and whether or not this will continue
Single-family rents and why we AREN’T noticing them fall too
The real reason evictions have seen such a spike across the Sunbelt states
Commercial real estate)-caused property tax hikes happening in THESE cities
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise)
See Dave at BPCON2024 in Cancun!)
Kathy's BiggerPockets Profile)
How the Financial Policies of Trump and Harris Could Impact Real Estate Investors)
Kamala Harris wants to stop Wall Street's homebuying spree)
Asking Rents Fall Across All Bedroom Counts for First Time in 4 Years)
Evictions Surge in Major Cities in the American Sunbelt)
How much do downtown real estate losses lead to property tax hikes?)
Grab Dave’s Newest Book, “Start with Strategy”)
Jump to topic:
(00:00) Intro
(01:45) Harris’ New Homebuying Proposal
(16:41) Rent Prices Fall
(25:40) Evictions Surge in Sunbelt States
(36:13) CRE-Caused Property Tax Hikes
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