Biden's Rent Control Proposal: What It Means for Landlords and Tenants
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 17 August 2024
⏱️ 48 minutes
🧾️ Download transcript
Summary
President Biden's proposal aims to cap rent increases at 5% for corporate landlords or risk losing federal tax breaks, impacting over 20 million rental units. The plan addresses concerns about excessive profits by large property owners while balancing tenant protection and housing development incentives. How could these changes reshape the rental market and influence housing affordability across the U.S.?
Today's Stocks & Topics: ACIC - American Coastal Insurance Corp., Market Wrap, PRU - Prudential Financial Inc., ABBV - AbbVie Inc., Biden's Rent Control Proposal: What It Means for Landlords and Tenants, FF – Future Fuel Corp., REX - Rex American Resources Corp., Key Benchmark Numbers and Market Comments for: Treasury Yields, Gold, Silver, Oil and Gasoline, Annuities, Consumer Spending, KKR - KKR & Co. Inc., KPP Premium Newsletter, AGX - Argan Inc., AMLP - Alerian MLP ETF, Mortgage Rates.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on Invest Talk. |
| 0:05.0 | And for our podcast subscribers, this is Invest Talk, above average investing for the average investor. |
| 0:16.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.0 | Here is KPP Financial portfolio manager Luke Guerrero. Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:38.0 | Today's Friday, August 16, 2024. |
| 0:41.0 | I'm Lou Guerrero and I'm here to guide you over this next hour and we certainly have a lot to talk about. You know, I was disappointed. I could not be with you all yesterday. Had a little bit of a veterinary emergency. Things are looking better now, but I'm back and I'm ready to talk |
| 0:55.0 | about what happened yesterday and I'm ready to talk about what happened today. I'm ready to talk a little bit about what might |
| 0:59.6 | happen tomorrow, the next week, the next month, and for the rest of 2024. |
| 1:05.0 | Now that being said, we'll run down the market performance and talk about today's show topics |
| 1:10.9 | a little bit later on, but after we get to our first caller question now. |
| 1:15.0 | Hey Justin and Luke, I had a quick question for you guys. I am looking at a stock called |
| 1:19.3 | ACIC, Alpha Charlie, India Charlie. I would like to know what your takers and your export opinion really appreciate your |
| 1:27.8 | thoughts thank you so much |
| 1:31.2 | so taking a look at a ACIC is the ticker, that would be American Coastal Insurance Corporation. |
| 1:38.5 | Just by looking at the relative performance, or rather the performance relative to the S&P 500 over the past five years, you can see that this company has come back from a lot. |
| 1:47.0 | Back in 2021, they lost $1.35 a share. |
| 1:52.0 | 2022, they lost $10.35 a share.22, they lost $10.91 a share. |
| 1:55.0 | Last year, they made $6.98 this year, they're projected to make $145 next year, $155. |
| 2:01.6 | Now, those numbers don't necessarily take into consideration |
| 2:03.9 | extraordinary items which may skew earnings one way or another but the |
| 2:08.4 | trend here is positive. Their cash flow after flatlining in 2022, |
| 2:15.4 | upward into the right, pretty explosively |
... |
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