How Will Joe Biden as US President Affect Real Estate

Buying & Selling Real Estate
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How Will Joe Biden as US President Affect Real Estate

Wale LawalBusiness Member
Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes

I will like to know how you guys think his administration will affect Real Estate and Investors. 

I have listened to diverse opinion on this from folks that are not investing in Real Estate but I will like to hear from Investors and Real Estate Professionals.

As a Real Estate Agent and Investor from Houston Texas, I have received calls from clients seating on the fence to see who win the election. 

How will this affect the General Buying and Selling of Real Estate?

Do you think Joe Bidden will save foreclosures in 2021?

Do you see any big changes in the next few months?
Should New and Experience Investors buy if the number works of wait for few months to see how his policies will affect Real Estate?

Please support your opinion with facts if possible. Appreciate your meaningful contributions.

Thank you 

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Mike Dymski
Investor · Greenville, SC · Member since 2016 · 5k+ posts · 13k+ votes
5y

Focus on deal flow and your criteria.  Everything else is noise.

124Reply
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  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    5y

    I doubt it will be different than with Obama.  The biggest problem regardless of who is in charge will be covid.

    31Reply
  • Derrick Dill
    Investor · Hawaiian Gardens, CA · Member since 2015 · 308 posts · 386 votes
    5y

    Will most likely bring back state and local tax deductions (SALT, property tax deductions) that were taken away

    15Reply
  • Guy Gimenez
    Investor · Corpus Christi, TX · Member since 2012 · 2k+ posts · 1k+ votes
    5y

    Increased cap. gains tax and higher taxes on all other aspects of our lives. And no, it won't be just on those making over $400K.

    111Reply
  • Darius Ogloza
    Investor · Marin County California · Member since 2018 · 1k+ posts · 2k+ votes
    5y

    The real action is in the Senate.  Assuming Tillis wins in North Carolina, the Republicans will need to win one of the Georgia run-offs (Perdue or Loeffler) in January to control the Senate.  If they achieve control, you will likely see few if any changes affecting real estate investors for at least the next two years.

    48Reply
  • Travis M.
    Member since 2020 · 37 posts · 32 votes
    5y

    @Wale Lawal

    I think the Democrat’s self stated goal of printing as much money as possible will do what we have already seen - increase the value of assets.

    19Reply
  • Tchaka Owen
    Real Estate Agent · Merritt Island, FL · Member since 2017 · 986 posts · 1k+ votes
    5y

    To the level that the vast majority of us operate, you will not see any real change. Biden (just one 'n') has a lot more on his plate than to worry about our segment of real estate. To be fair, I cannot think of any modern President who had a profound difference on real estate investing. So Capital Gains rate goes up a little or down a little or perhaps lending tightens or loosens a bit....so what? Will that make anyone say, "I'm never investing again!"? No. Keep doing what you're doing and don't sweat it.

    102Reply
  • Mike Dymski
    Investor · Greenville, SC · Member since 2016 · 5k+ posts · 13k+ votes
    5y

    Focus on deal flow and your criteria.  Everything else is noise.

    124Reply
  • Wale LawalBusiness Member
    OP
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    5y
    Originally posted by @Theresa Harris:

    I doubt it will be different than with Obama.  The biggest problem regardless of who is in charge will be covid.

     I completely agree with you. COVID is a world pandemic and it's killing the world economy. 

    I am not sure how long the fed can continue to print money to help the economy though. I guess time will tell.

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  • Wale LawalBusiness Member
    OP
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    5y
    Originally posted by @Derrick Dill:

    Will most likely bring back state and local tax deductions (SALT, property tax deductions) that were taken away

     This will still be subject to debates on what the majority want. 

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  • Wale LawalBusiness Member
    OP
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    5y
    Originally posted by @Darius Ogloza:

    The real action is in the Senate.  Assuming Tillis wins in North Carolina, the Republicans will need to win one of the Georgia run-offs (Perdue or Loeffler) in January to control the Senate.  If they achieve control, you will likely see few if any changes affecting real estate investors for at least the next two years.

     I completely agree with you Senate plays a big role in our economy. 

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  • Wale LawalBusiness Member
    OP
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    5y
    Originally posted by @Tchaka Owen:

    To the level that the vast majority of us operate, you will not see any real change. Biden (just one 'n') has a lot more on his plate than to worry about our segment of real estate. To be fair, I cannot think of any modern President who had a profound difference on real estate investing. So Capital Gains rate goes up a little or down a little or perhaps lending tightens or loosens a bit....so what? Will that make anyone say, "I'm never investing again!"? No. Keep doing what you're doing and don't sweat it.

     Great point my friend. I guess time will tell. Of course, I am not slowing down at all. I have just seen some people that have been using this as a flimsy excuse not to start investing in Real Estate. 

    They keep saying AFTER ELECTION I WILL START.

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  • Wale LawalBusiness Member
    OP
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    5y
    Originally posted by @Mike Dymski:

    Focus on deal flow and your criteria.  Everything else is noise.

     100% makes sense. 

    Consistent deal flow is the KEY, everything else is a LOUD NOISE.

    Thanks Buddy.

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  • Darius Ogloza
    Investor · Marin County California · Member since 2018 · 1k+ posts · 2k+ votes
    5y

    Biden HAS announced that he is going to end the 1031 exchange and the basis step up for inheritances.  Changes to those tax laws will have profound impacts on many real estate investors as it will kill deal flow.  A lot depends on Georgia.  

    42Reply
  • Account Closed
    Rental Property Investor · Grove City, OH · Member since 2018 · 93 posts · 71 votes
    5y

    The administration's affect on real estate will depend the unemployment rate and businesses shutting their doors due to COVID. I personally don't see much of a price decrease for homes in 2021. It takes a LONG time for homes to decrease in value. Its not a stock. Look at 2008-2015. Housing market started massive foreclosures in 2007 but the housing market didn't hit rock bottom prices unit 2015 in most areas.

    10Reply
  • Mark McClure
    Rental Property Investor · Jacksonville, FL · Member since 2016 · 25 posts · 25 votes
    5y

    @Guy Gimenez and he will take away the 1031 exchange. Also heard he wants to add a federal sales tax on all home sales. Not sure if its gunna fly tho.

    12Reply
  • Dan Bass
    Kansas City, KS · Member since 2019 · 58 posts · 66 votes
    5y

    @Wale Lawal tough to say. As a Trump supporter I will try to keep my response without emotion.

    Biden has stated he wants to rid 1031 which directly impacts RE investment.

    Biden has said he will listen to scientists and will shut down the economy if they say to do so.

    Who knows how he would respond to rent moratoriums and mortgage moratoriums.

    Interest rates will stay low per the Fed.

    His side of the isles policies would favor the tenant overall so that could be nationwide or per state.

    The Senate is our saving grace in hopes it stays red.

    36Reply
  • Wale LawalBusiness Member
    OP
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    5y

    @Dan Bass Great to read your opinion. 

    The 1031 Exchange is a big one and I hope he re-think in plan on that one. 

    The Senate definitely has a role to play. 

    I will just keep my fingers crossed and see how it all plays out in the next few months 

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  • Erik B.
    Rental Property Investor · Amityville, NY · Member since 2018 · 351 posts · 441 votes
    5y

    A lot will depend on if Covid just vanishes in weeks after biden takes office. There will be no more need to politicize it anymore and the media will move on to different topics unless they will be pushing for major vaccine revenue and then there is the possibility of the economy getting shut down again.

    13Reply
  • Lina Bibikov
    Developer · Danville KY · Member since 2015 · 87 posts · 110 votes
    5y

    @Wale Lawal It will be interesting to watch what happens with the rental market as government tries to prevent evictions. Also Biden says he’s trying to increase affordable housing, so he will have to work with investors in order to do that!

    3Reply
  • Lynnette E.
    Rental Property Investor · TN · Member since 2018 · 2k+ posts · 2k+ votes
    5y
    Originally posted by @Erik B.:

    A lot will depend on if Covid just vanishes in weeks after biden takes office. There will be no more need to politicize it anymore and the media will move on to different topics unless they will be pushing for major vaccine revenue and then there is the possibility of the economy getting shut down again.

     I think they messed up the demand for the vaccine when they started saying that even if you had COVID that you can get it again because the immunity does not seem to last.  So if that is true, then why would a vaccine work better?  Plus people just do not trust those pushing vaccines along through the process.  

    So if the big pharms want to sell more vaccines than the government already purchased they will have to scare or try to force people to do it.  They have the power to shut down the government again.  Heck, Biden may not even remember it was already shut down.  Well, at least we won't have to hear, "I shut down the government.  It was a big, very big, shut down.  The greatest shutdown ever...."

    4Reply
  • Brett Tvenge
    Flipper/Rehabber · Phoenix, AZ · Member since 2018 · 269 posts · 152 votes
    5y
    Originally posted by @Account Closed:

    The administration's affect on real estate will depend the unemployment rate and businesses shutting their doors due to COVID. I personally don't see much of a price decrease for homes in 2021. It takes a LONG time for homes to decrease in value. Its not a stock. Look at 2008-2015. Housing market started massive foreclosures in 2007 but the housing market didn't hit rock bottom prices unit 2015 in most areas.

    That might be for your market, but extremely false in the Phoenix Market. Home prices plunged immediately. 

    6Reply
  • Ibrahim Hughes
    Real Estate Consultant · Bloomfield, NJ · Member since 2010 · 2k+ posts · 1k+ votes
    5y

    @Brett Tvenge

    Same here in the Newark/New York metro area. I would say we bottomed out maybe 2009 or 2010. Didn't start seeing increased buying activity with shorter supply until about the summer of 2012 I think it was. I was a buyer's realtor at the time and I remember going from being the only deal on the table to multiple offers. At that point we hadn't seen multiple offers in years.

    1Reply
  • Sean T.
    Rental Property Investor · MA · Member since 2014 · 420 posts · 213 votes
    5y

    @Wale Lawal great question to ask. 

    As someone who invests all over the US I look at long term trends, jobs, economic indicators, etc.  My trepidation right now is how and where the move to cleaner/greener energy will show it's impact.  Houston could be hit long term as an example.  I think the knee jerk reactions will be mild but I do think it is worthwhile to look at the historical data. 

    I find that over the long haul water will always find it's level BUT the views(of both sides) have become so unpredictable I am looking for stronger caps/yields and trying to build in exit plans with more rigidity. 


    Good luck out there!

    1Reply
  • Wale LawalBusiness Member
    OP
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    5y

    @Ibrahim Hughes

    Great Point

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  • Wale LawalBusiness Member
    OP
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    5y

    @Sarah Kartsher

    COVID is a big factor. We hope the vaccine will be readily available for all by mid 2021.

    This I believe should mitigate the continuous impact on the economy.

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