205: Squatters' Rights, Rent Caps, and Blackstone Gets Ready to Buy

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 4 April 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Squatters’ rights are quickly being stripped away as more states move to end this widespread illegal occupation of private property. Blackstone predicts real estate prices to “bottom” as they gear up to go on their next homebuying shopping spree. Rent increases get capped for affordable housing, and why doesn’t the American public know about the BILLIONS of dollars in government housing subsidies? It’s another wild week in the housing market, so let’s get you up to speed. In this Headlines Rumble show, we’re pitting the top housing market headlines against each other as we dive deep into the stories that affect real estate investors the most. First, we talk about DeSantis’ war against the squatters, as Florida becomes one of the first states to take action against squatters illegally occupying private property. Next, we discuss the $7.3 billion in housing subsidies that banks receive but AREN’T flowing into homebuyers’ pockets. So, where is all that money going? Blackstone predicts real estate will “bottom” soon as they prepare to buy over $1 billion in single-family homes this year. If one of the most data-backed hedge funds in existence is saying now is the time to buy, should you begin searching for your next property? Finally, we’ll discuss the recent rent caps for affordable housing that are stopping landlords from increasing their rents even during times of quickly rising costs. In This Episode We Cover Squatters’ rights explained and why states are finally saying no to squatting The massive homebuying subsidies that no one knows about (but should!) Blackstone’s bet on a “bottoming” housing market and whether or not this means you should buy NOW Affordable housing rent increase caps and why this may lead to even less affordable housing The winning real estate market in our “Market Madness” bracket! And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Market Madness: 8 Housing Markets We’d Place Big Bets on in 2024 Flip/Off: Whose House Flip Can Pull In the Biggest Return? Articles from Today’s Show: Squatters Delinquency Rates Home Renovation Costs Housing Subsidies Blackstone Rent Caps Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-205 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, everyone. Welcome to On the Market. You got me Dave, James Dainerd, and Kathy Fecky here today to do our
0:14.6	Headlines Rumble show, which means that we're going to be diving into some of the most
0:20.3	important news as we normally do. But we like to be diving into some of the most important news, as we
0:21.4	normally do. But we like to make it into a game. And basically the way it works is we start
0:26.4	with a couple of headlines, vote which one's best, talk about it for a couple of minutes.
0:30.2	And then just like Royal Rumble, if you used to watch WWE or WWF, we'll have a new headline
0:36.9	enter the ring. And we can decide if we want to switch
0:39.7	to talking about that one or keep talking about the headline that we were previously discussing.
0:45.9	So I do have an announcement to make before we get into the headlines and we have a winner of
0:50.5	our market madness bracket. If you didn't listen to a couple of weeks ago, we wanted to get in on the college
0:56.5	basketball madness.
0:58.1	And we each picked two markets that had representation in the actual NCAA tournament
1:04.7	and ranked them in terms of their investability.
1:08.7	And then we posed the question to our Instagram audience to vote.
1:12.6	And the voters have spoken and they are speaking for Tampa, Florida. James, was that you?
1:20.1	That was me. Oh, man. Good pick. I tried to pick some underdogs. You know, the tournament always has
1:26.5	these underdogs, and I just
1:28.0	picked two markets no one's ever heard of. And I lost quickly. You know, I just picked where
1:34.2	I wanted to go to college. Who doesn't want to go to college in Florida? Yeah. That's a good time.
1:38.5	That does sound fun. Probably too much fun for certain members of the cast who are not mature enough yet to make responsible decisions during their college years.
1:49.0	Yeah, that would be probably all of us.
1:51.1	What were your two markets again, Kathy?
	...

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