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Updated almost 4 years ago on . Most recent reply

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Max T.
  • Investor
  • Philadelphia, PA
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ADUs legal everywhere?

Max T.
  • Investor
  • Philadelphia, PA
Posted

FACT SHEET: Biden-⁠Harris Administration Announces Immediate Steps to Increase Affordable Housing Supply

https://www.whitehouse.gov/briefing-room/statements-releases/2021/09/01/fact-sheet-biden-harris-administration-announces-immediate-steps-to-increase-affordable-housing-supply/

Will local governments change zoning to allow for ADUs/bypass existing zoning variance processes? ——- I could see it happening in Philadelphia, where the new progressive city council has their eyes on housing and tenants rights.

At some point will it come from the Fed, similar to how California did nationwide. ——— I don’t know if the current administration has the political capital to pull it off, but it seems like they have the will.

What do you think?

If it happens near you will you pivot your business to take advantage of it? How would that look for you? ———- for me I think it means I would convert my primary into a duplex, but wait until my family is ready to move (5+ years). It is the only SFH I have that is big enough to split.

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

Manufactured homes are the #1 solution to the affordable housing issue, but government won't allow anyone to build more manufactured home parks. It's already extremely difficult to find a place to park one, especially a nice one.

More four-plexes for "black and brown people"? Guess which investors are most likely to be hurt by government policies? I think the majority of mom-and-pop Landlords that are losing their shirts due to the eviction moratorium are minorities. 

I didn't read the whole thing but I can tell you this: there is a major disconnect between what they put on paper and what happens in reality. I wouldn't bet on any helpful changes in the near future.

  • Nathan Gesner
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