Updated about 6 years ago on . Most recent reply
Real Estate Investing VS Socialism
Regardless of your political views, I think this is a discussion worth having. It was briefly discussed on the last BP podcast, but I wanted to open this up to the community.
Like him or not, Bernie has a lot of traction. With COVID-19 paralyzing the American economy, Bernie's mantra of free college tuition, healthcare, and higher minimum wage will likely attract more people to his court now than in 2016. Given the current rent crisis, it would expect him to add this to his agenda.
Could there be a limit on how much profit property owners can accrue, after all expenses are covered? Could "landlording" become a more regulated/taxed industry?
Most importantly, how would one prepare for such an economic shift if this was to be our 2020 outcome?
This isn't intended to be a republican vs democrat discussion, so please try to speak about this issue from an unbiased point of view.
Looking forward to some great discussion.