Bidens plan to retro fit millions of properties

[Jay Hinrichs]

Well not sure if you folks watched the Debate I mean WTH was that  ?

Any way.. Biden had some interesting ideas for jobs that related around our industry..  part of that was retro fitting buildings and other up grades to properties.. 

I wonder if this will just be another thing added to the expense of owners creating properties to rent.  And maybe there is some tax credits?

However given the slim margins ( with full leverage ) that most BP investors run on.. I can see mandatory upgrades another burden on landlords ?

thoughts?  Oh and Oregon just extended the no eviction laws to end of year and portland to end of Jan...  Wonder were it will stop.

[Steve Morris]

"Biden had some interesting ideas for jobs that related around our industry.. part of that was retro fitting buildings and other up grades to properties.. "

I'd put that in the same bin with "We need to spend money on infrastructure" braggadocio by politicians to get elected.

In effect, it'll prob be like stimulus check for $1B OR got 10 years back - It'll go in the GenFund, and then 80% will go to PERS (aka the budget blackhole).

That's the problem is they're a good idea but mostly are "lets cut a check" and don't audit effectiveness.