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.

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  • Ryan M.
    Investor · portland, OR · Member since 2019 · 2 posts · 0 votes
    5y

    Just because Biden said he wants to get rid of the 1031 exch and raise taxes doesn't mean he's going to be able to do it.  He doesn't make the laws.  If the Democrats were to control both the House and Senate then there is a much higher likelihood of some of it happening.  But if the Republicans end up in control of the Senate, which seems the most likely outcome at this point, then the Democrats won't be able to do it.  At least until the next election.

    0Reply
  • Ned J.Pro Member
    Investor · Manteca, CA · Member since 2017 · 1k+ posts · 2k+ votes
    5y

    @Joe Splitrock.....exactly.

    There are SO many factors that decide the overall economy that have NOTHING to do with who is in office. Yes you can chart and review the economy under every president and compare them......that's not the same thing as saying that the president at the time had a profound and direct impact on the economy at the time.

    The quarterback may be the guy at the podium at the end of the game but he's not the only guy that controlled if they won or lost that game. When they win, he gets 95% of the credit..... same when they lose..... perception but not reality 

    1Reply
  • Andy W.
    Investor · Meridian, ID · Member since 2016 · 47 posts · 35 votes
    5y

    So many uninformed and uneducated opinions and predictions on here, although it's been clean debate for the most part, which is nice. Can one of the mods sticky this thread and we'll reread it in 3 years and have a good laugh.

    0Reply
  • Tim Bellnier
    Rental Property Investor · Wilkes County, NC · Member since 2019 · 56 posts · 39 votes
    5y

    Higher taxes for everyone except those below poverty level.

    Capital gains taxes will go up.

    0Reply
  • April L. Williams
    Wholesaler · Wilmington, NC · Member since 2020 · 46 posts · 13 votes
    5y

    Wale Lawal: I think it's going to cause a great deal of inflation, and significantly weaken the American dollar, a given, whenever money is printed. It just trickles from there and will affect many things. Some have mentioned COVID. That's another concern. Many COVID patients are returning to their doctors with complications that mimic fibromyalgia. It's thought that "some" who acquire a virus, of any form, sometimes have lingering symptoms of chronic fatigue, joint/muscle pain, etc....for years afterwards. I'm all too familiar with this, as I have a family member that suffered with similar symptoms after acquiring Swine Flu, who was once healthy as a horse. Long story short, doctor put them immune lowering drugs to treat their symptoms, one of which is currently being given to COVID patients. The drugs given to them made their condition a lot worse, and cost as much as $5,000/mth just for one drug, causing visits to the ER due to side effects. Keeping this in mind, it makes me wonder how many of these COVID patients are going to end up jobless due to the long-term effects of the initial virus, who were once healthy working adults. I think real estate is going to drastically change due to both scenarios and probably in ways we can't even imagine. With that said, I think being a smart/wise investor is the best route, and not so much about growing a business by drastic means. In other words, not putting all your eggs in one basket...:)

    0Reply
  • Nicholas Field
    Investor · Las Vegas & British Columbia · Member since 2016 · 96 posts · 21 votes
    5y

    I don't think it'll have a large effect, but keep in mind that he's committed to clean energy. In Canadian municipal cities there have been a lot of incentrives to increase energy efficiency. 

    0Reply
  • John Meyers
    Real Estate Broker · Chicago, IL · Member since 2020 · 6 posts · 1 vote
    5y

    I think it will effect multi-unit investors' motivation the most since capital gains tax may increase. -- Overall though, I think it will continue to be a strong market since the economy will suffer for the next few months and then we will be in full recovery after Spring. -- People need to work and not fall behind (same with small businesses) and that is what is about to happen if some kind of stimulus bill isn't passed soon (should have been passed 2 months ago).

    1Reply
  • Bonnie LowPro Member
    Lender · Asheville, NC · Member since 2016 · 1k+ posts · 1k+ votes
    5y

    I personally believe we have to keep in mind that what a candidate campaigns on doing and what they're actually able to do are two very different things and almost entirely in the hands of Congress. Eliminating the 1031 exchange would hurt, but what is the likelihood that actually happens and what does it actually end up looking like IF it really did happen? For example, would it be full elimination? Elimination over a certain property value? Elimination only if your income base was at X$$'s? Would it be a phase in? We just don't know. Excessive printing of money - which is happening with the current administration, the previous administration, and will probably continue with the future administration - is a much bigger concern for me, as is the position of the US $ as the world's reserve currency. 

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    0Reply
  • Edward Dawson
    Rental Property Investor · Phoenix, AZ · Member since 2019 · 26 posts · 47 votes
    5y

    @any insight into changing cost seg studies?

    0Reply
  • Wendell Rivera
    Member since 2023 · 1 post · 0 votes
    3y

    Wow! I'm surprised to see such a post and realize, that some things are realy like that

    0Reply
  • Harris Jacks
    Member since 2023 · 2 posts · 0 votes
    3y

    I see it’s been a while, but I wanted to chime in. The real estate market is affected by various factors, including economic policies, interest rates, and consumer confidence. With Joe Biden as the US President, his taxation, housing, and infrastructure spending policies could potentially impact the real estate market positively or negatively.

    0Reply
  • Harris Jacks
    Member since 2023 · 2 posts · 0 votes
    3y
    Quote from @Harris Jacks:

    I see it’s been a while, but I wanted to chime in. The real estate market is affected by various factors, including economic policies, interest rates, and consumer confidence. With Joe Biden as the US President, his taxation, housing, and infrastructure spending policies could potentially impact the real estate market positively or negatively.

    You can see more info about Biden here https://www.politiq.net/Joe_Biden. I hope that helps.
    0Reply
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