BiggerNews: How Harris/Trump's Housing Policies Could Impact Affordability

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 30 August 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Invest in Turnkey Properties with REI Nation Grab Dave’s Newest Book “Start with Strategy” Find Investor-Friendly Lenders See Dave at BPCON2024 in Cancun! 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Housing affordability is near 40-year lows and this is one of the most pressing issues for investors today and frankly just for anyone who wants to own a home.
0:10.7	But when we talk about affordability, the solutions often come down to government policies.
0:16.0	So the question is, what policies would actually have an impact on affordability?
0:20.8	Today, we're tackling that and more.
0:23.0	Hey everyone, welcome to this episode of the BiggerPockets of Real Estate
0:31.3	podcast. Before we get into today's episode,
0:35.3	which we have a great guest for,
0:36.6	I just want to give a little bit of real talk here
0:38.6	for a second.
0:39.7	We are going to be talking about policies
0:42.0	and views held by different political candidates in today's
0:45.7	episode.
0:46.7	And this could be a little bit daunting if you talk about anything remotely political these days.
0:51.6	You are liable to set off a firestorm. The show is not
0:54.7	political in nature and our goal is honestly just to try to uncover both sides of
0:59.5	these policies so you can inform your own opinions.
1:03.0	And we want to have this show on despite the relatively political nature because affordability
1:08.5	and supply are just huge central issues for investors and so it's hyper relevant to our community
1:14.5	something we just have to talk about and two because I think our community just
1:19.7	generally wants to be informed about real estate investing policies even when you may not
1:24.3	fully agree with these policies you at least should want to learn about them and I think
1:28.8	our community does so just as you go into this know that our objective here in these types of episodes is really just to fully explored issues from all sides
	...

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