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Jake and Gino Multifamily Investing Entrepreneurs

Rent Control: Myths, Facts, and the Real Impact on Affordable Housing | Jake & Gino Podcast

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5831 Ratings

🗓️ 4 November 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

In this insightful episode of the Jake and Gino Podcast, Gino Barbaro sits down with Jay Parsons, rental housing economist, investor, and head of investment strategy at Madera Residential. With appearances on CNBC and Bloomberg TV, Jay brings decades of experience and a unique, data-driven perspective on the housing market, rent control, and affordable housing solutions. They delve into pressing topics like rent control’s real impact, housing affordability, and the critical importance of building more supply to meet demand.

Transcript

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0:00.0

Hello and welcome.

0:12.0

My name is Gino Barber, one of the co-founders of Jake in Gino.

0:16.0

And on today's show, we're going to be speaking with Jay Parsons.

0:19.0

He's a rental housing economist, investor, and advisor.

0:22.5

Jay also serves as head of investment strategy and research and Madeira Residential and has appeared on CNBC as well as Bloomberg TV and tons of other publications.

0:32.6

Follow him on LinkedIn.

0:33.7

His stuff on LinkedIn is phenomenal.

0:36.7

Without further ado, Jay, welcome to the show,

0:38.6

brother. Hey, thank you so much for having me. Excited to be here. You know, Jay, I love your stuff

0:44.0

on LinkedIn. Once again, type in Jay Parsons, go follow his stuff on LinkedIn. It's thought-provoking,

0:49.6

and what I like about it, it's objective. He just shows you the numbers. It's not how Jay feels.

0:56.3

It's he collects all his data and he inputs it and he puts his wisdom into it. And the most recent

1:01.7

one that I saw is one on rent control. Let's talk about this rent control cap. And you're saying

1:05.9

there's 46 economists there in blue states, red states. And I think you said one or two would think that this

1:11.5

rent control would be really worth it. And the rest of them say they don't. And meanwhile,

1:14.9

we have mixed messages coming from the White House saying, this is a great policy. Let's dive into

1:19.9

that right now. What are your thoughts on that rent control policy? Yeah. I mean, first of all,

1:25.4

I think it's important people to, you know, we're such a political

1:27.6

environment these days, politicized environment that sometimes I think issues get cast as, hey, this is a

1:32.7

red issue, this is a blue issue. And rent control is just not one of these issues. In fact, just kind of

1:37.7

way to tee this up a little bit. There's a professor of economics at Harvard, Ed Glazier, wrote one of the

1:43.1

great papers on rent control.

...

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