Biden/Harris propose national rent control, what does this mean for prices and supply

Biden/Harris propose national rent control, what does this mean for prices and supply

It is no secret that housing prices and in turn rents have skyrocketed throughout the country.  President Biden, announced a major new action to: “ lower housing costs by limiting rent increases”.  Essentially the proposal is nationwide rent control.  What is in...
US government plans to unlock 850 billion in homeowners equity

US government plans to unlock 850 billion in homeowners equity

You have to hand it to the Federal government, they are always working to solve problems that do not exist.  Currently there is a new proposal from the federal government (via Freddie Mac) to insure second mortgages/home equity lines of credit similar to first...
New tax plan keeps spending by taxing real estate and eliminates 1031

New tax plan keeps spending by taxing real estate and eliminates 1031

In economics there is no free lunch and you can’t spend forever without paying the piper.  A new  recent tax proposal keeps spending while drastically increasing taxes on real estate owners. The new plan eliminates the 1031 exchange and the step up in basis upon...
President Biden’s national rental regulations announced

President Biden’s national rental regulations announced

States have traditionally set rental regulations including zoning, evictions, etc… but that is all set to change with the president’s new proposal.  The federal government will now be assuming many of the powers that were granted to the states. The biggest change is...
Interest rates not best metric for real estate prices, what is better?

Interest rates not best metric for real estate prices, what is better?

For years interest rates were the number one indicator for real estate prices.  In this cycle interest rates have more than doubled yet real estate prices have barely budged.  If we look back at 2008, the impetus for the large real estate crash was rising interest...
Higher credit score borrowers pay more under new government rule

Higher credit score borrowers pay more under new government rule

No this is not a joke, I had to read the recent Fannie Mae press release multiple times to actually believe what I was reading.  Who would have ever thought that someone with a high credit score above 740 would be penalized for having a high score.  Under a new rule...