More anti-landlord action coming?
Bruce WoodruffPro Member
Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votesNot surprising I guess considering the current administration......
They're the bleeping problem! Of course rents are going to rise after they print TRILLIONS of dollars! The government can't balance a budget and even worse gave people socialistic helicopter money to sit at home!
It's the fault of these CLOWNS and they want US LANDLORDS to take the hit for their stupidity. Why would anyone trust THEIR solution when THEY created the problem in the first place?
Yes, I agree @Peter Mckernan, it's not about politics, it's about business. We are a unique group, we RE Investors, and we're not going to get any help from any administration. It's just who's going to try and screw us more. We need to help each other.....
And for the statement that only D’s are harmful to real estate investors well that’s just plain ignorant. In fact it was the Securities and Exchange Commissioners appointed by the second George Bush who adopted the rule allowing the 5 major investment banks in this country to leverage their capital in an excessive and unsafe manner leading to the great housing collapse/recession of 2007-2010. As we all know this wiped out millions of RE investors.
You're right this is a RE forum and politics shouldn't get too much involved, but it is so entwined in what we all do.
But as we all know, it was really Bill Clinton's admin that forced lenders to give anyone breathing a home loan (remember the 'National Homeownership Strategy' ?)...he signed over 100 Executive Orders forcing banks to loan to those with no provable credit or income. This was actually the root cause of the housing crash that you reference. Nice try though.... :-)
And for the statement that only D’s are harmful to real estate investors well that’s just plain ignorant. In fact it was the Securities and Exchange Commissioners appointed by the second George Bush who adopted the rule allowing the 5 major investment banks in this country to leverage their capital in an excessive and unsafe manner leading to the great housing collapse/recession of 2007-2010. As we all know this wiped out millions of RE investors.
You're right this is a RE forum and politics shouldn't get too much involved, but it is so entwined in what we all do.
But as we all know, it was really Bill Clinton's admin that forced lenders to give anyone breathing a home loan (remember the 'National Homeownership Strategy' ?)...he signed over 100 Executive Orders forcing banks to loan to those with no provable credit or income. This was actually the root cause of the housing crash that you reference. Nice try though.... :-)
And for the statement that only D’s are harmful to real estate investors well that’s just plain ignorant. In fact it was the Securities and Exchange Commissioners appointed by the second George Bush who adopted the rule allowing the 5 major investment banks in this country to leverage their capital in an excessive and unsafe manner leading to the great housing collapse/recession of 2007-2010. As we all know this wiped out millions of RE investors.
You're right this is a RE forum and politics shouldn't get too much involved, but it is so entwined in what we all do.
But as we all know, it was really Bill Clinton's admin that forced lenders to give anyone breathing a home loan (remember the 'National Homeownership Strategy' ?)...he signed over 100 Executive Orders forcing banks to loan to those with no provable credit or income. This was actually the root cause of the housing crash that you reference. Nice try though.... :-)
Nope, depends who is doing the blaming, but now we're just getting political...
@Theresa Harris no true in every state. Florida has a surplus of billions of dollars because we entice people with common sense and low taxes. But don't come here, we have too many moving in every week.
@Theresa Harris no true in every state. Florida has a surplus of billions of dollars because we entice people with common sense and low taxes. But don't come here, we have too many moving in every week.
LOL. I'm Canadian and really happy here, so no worries.
Colorado is a blue state but we have some of the most RE-investor friendly laws in the country. For example landlords can enter their rental property without giving any notice, can evict within a few weeks for non-payment, if tenants repeatedly violate the lease agreement we can administer an Unconditional Quit Notice, there's a statewide ban on rent control in place, very low property taxes... It's not always black and white/ blue and red so keep an open mind. Also, let's keep politics off of BP.
As a practical matter, the Bloomberg article collapses together what the progressive wing of the Ds want the administration to do and what the administration is planning to do. I doubt you will see much of this made into law. And the things that actually get authorized tend to have a fair amount of exceptions. I can see the ban against discriminating on section 8 and the standardized lease thing being required but kind of a non event. Some states have both those things. I’m actually intrigued by the tenants getting representation. Good lawyers tend to have a better relationship with the facts than most parties in a court dispute. Don’t know how u pay for it and doubt it’s really on the table.
The sky is always falling...
Real estate can be a great way to protect yourself from the impending monsoon of misery. You can weather the storm, so to speak, by taking advantage of any deals that arise as a result of government policies or other economic woes. It's important to stay aware of potential opportunities in order to make sure you're getting the best deal possible. Not only will this provide financial security in uncertain times but it could also create financial freedom for your family and future generations down the line. Real Estate is an investment that can be passed down through generations and used as a form of wealth preservation - something those globalists are unable to do! By investing in Real Estate you can ensure that your wealth and legacy is secure, no matter what happens.
And for the statement that only D’s are harmful to real estate investors well that’s just plain ignorant. In fact it was the Securities and Exchange Commissioners appointed by the second George Bush who adopted the rule allowing the 5 major investment banks in this country to leverage their capital in an excessive and unsafe manner leading to the great housing collapse/recession of 2007-2010. As we all know this wiped out millions of RE investors.
You're right this is a RE forum and politics shouldn't get too much involved, but it is so entwined in what we all do.
But as we all know, it was really Bill Clinton's admin that forced lenders to give anyone breathing a home loan (remember the 'National Homeownership Strategy' ?)...he signed over 100 Executive Orders forcing banks to loan to those with no provable credit or income. This was actually the root cause of the housing crash that you reference. Nice try though.... :-)
Nope, depends who is doing the blaming, but now we're just getting political...
Yep. Government passes laws that create incentives to act a certain way---> people change behavior and act a certain way----> consequences arise -----> government blames the free market for problems ----> people call for more regulation ----> the cycle repeats
Colorado is a blue state but we have some of the most RE-investor friendly laws in the country. For example landlords can enter their rental property without giving any notice, can evict within a few weeks for non-payment, if tenants repeatedly violate the lease agreement we can administer an Unconditional Quit Notice, there's a statewide ban on rent control in place, very low property taxes... It's not always black and white/ blue and red so keep an open mind. Also, let's keep politics off of BP.
Unless your in Denver. They now tax the landlords and that money goes to free representation for every tenant so evictions now evictions will almost always go to court.
I’m actually intrigued by the tenants getting representation. Good lawyers tend to have a better relationship with the facts than most parties in a court dispute. Don’t know how u pay for it and doubt it’s really on the table.
Doesn't really matter what they pass, most of these issues are well within states and local municipalities' rights to regulate, not the federal government. Any executive action will get challenged and thankfully we have a supreme court that won't let this sort of stuff go unchecked.
Where the federal government COULD and SHOULD take action is by investing in housing by offering better benefits to developers to encourage construction. The biggest problem is that we have a shortage of housing stock. Other actions that would help is to encourage competition by limiting the ability of large funds to purchase huge amounts of housing stock by utilizing the Sherman Anti-Trust Act. (They could also do far more to curb inflation by limiting the size of large funds that have bought out huge swaths of our agricultural and meatpacking industries.)
@Bruce Woodruff we need to keep this all in context.
This whole article is a story of assorted Communist Action Committees.... I mean "community action groups" pressing President Bo-Bo-Biden into "taking action" to "cure" it all for those who get evicted. Pretty clear whom that is.
Ok, so here is the context; How's Student Loan Forgiveness going? That's only about 2% as complicated as tenancy law across the whole nation.
Ok, really, how is ANYTHING Bo-Bo-Biden is supposed to be in direct "leadership" of?
If you DON'T want something done, just give it to Bo-Bo, that's a historical fact.
This sock-puppet President has achieved exactly what so far? And guess what, I was a DFL'er. This isn't about partisan lines, it's about facts, done and not done, that's it. This guy makes syrup look fast. He does, very literally, NOTHING. He is the most amazing at doing nothing, and draaaaaaaaagggggggiiiinnnnnggggg out anything he does do.
No, this will live in the universe of talking points, oh so much talkie-talkie-talkie, and then it will become campaign talkie-talkie, than campaign promises because there needs to be a "give me and I'll give you".
No, this is going nowhere fast and by time it comes of anything rest assured it will be like tap water too whisky, so watered down it's just a nothing.
What they will do is the only viable thing they can do; THROW $$$$ AT IT. They will find a way to kick out another trillion in whatever stimulus for housing, cranking up taxes on working class all the more until it's 65%+ and sobbing how if one could just get on welfare you'd have so much more $.
I say DO-IT. DO another Trillion, hell do 10 TRILLION! The only way the can-kicking-Olympics finally stops is when the can is CRUSHED! So I say go for it Bo-Bo, light this fire, let's get er done and over with so we can sooner get onto the other side of this coin.
Doesn't really matter what they pass, most of these issues are well within states and local municipalities' rights to regulate, not the federal government. Any executive action will get challenged and thankfully we have a supreme court that won't let this sort of stuff go unchecked.
Where the federal government COULD and SHOULD take action is by investing in housing by offering better benefits to developers to encourage construction. The biggest problem is that we have a shortage of housing stock. Other actions that would help is to encourage competition by limiting the ability of large funds to purchase huge amounts of housing stock by utilizing the Sherman Anti-Trust Act. (They could also do far more to curb inflation by limiting the size of large funds that have bought out huge swaths of our agricultural and meatpacking industries.)
You forget, this requires 2 ingredients; actual intelligent wisdom, and the desire to work for the people.
The most frustrating thing is how simplistic much of it all is, it truly is simple, yet never done. instead, wildly complicated gymnastics of BS is what happens, because that's what makes a person who earns $144k a year, MILLIONS per year, seeming by magic.
We live in a Plutocracy, masquerading as a Democracy, working to eviscerate it's fundamentals as a Republic, to build an alter of Socialistic cult-worship, for the neo-Kings who seek to save us from our selves. All it takes, is everything.
And for the statement that only D’s are harmful to real estate investors well that’s just plain ignorant. In fact it was the Securities and Exchange Commissioners appointed by the second George Bush who adopted the rule allowing the 5 major investment banks in this country to leverage their capital in an excessive and unsafe manner leading to the great housing collapse/recession of 2007-2010. As we all know this wiped out millions of RE investors.
You're right this is a RE forum and politics shouldn't get too much involved, but it is so entwined in what we all do.
But as we all know, it was really Bill Clinton's admin that forced lenders to give anyone breathing a home loan (remember the 'National Homeownership Strategy' ?)...he signed over 100 Executive Orders forcing banks to loan to those with no provable credit or income. This was actually the root cause of the housing crash that you reference. Nice try though.... :-)
Nope, depends who is doing the blaming, but now we're just getting political...
Yep. Government passes laws that create incentives to act a certain way---> people change behavior and act a certain way----> consequences arise -----> government blames the free market for problems ----> people call for more regulation ----> the cycle repeats
To correct, the people are not calling for more regulation. Actually, near to NONE of the people are doing that. SOME of the people are calling for MORE FREE STUFF. That is the accurate truth.
It has NOTHING to do with fair, nothing to do with moral. It is a purely self-serving, microscopically short-sighted here-and-now gimmie-gimmie-gimmie I-want I-want I-want action, that is it.
People seeking regulation are seeking correction, adjustment, evolution. This is none of those, it cares nothing of others, it is the roar of entitlement because entitlement has learned it has no accountability. It yells it get's fed, or it burns a city down and than get's feed.
We have record short worker engagement, mass job openings, mass access to secondary education, record LOW enrollment in secondary education, mass need in skilled positions, and yet this is headlines we watch, those shouting "FEED ME CEYMORE! MORE I NEED MORE!".
Well welcome to the party James!
I agree that they should just do another $10 trillion, heck make it $100 Tril. These fools won't change until they have to...and that means when everything is broken....
lol
Regardless of politics we all need to find ways to manage our business and carve a path forward to success. We can't worry about things we don't have the power to change but find ways to adapt to market conditions. We're doing it now, we're doing it all the time. Regulations are just one more thing to maneuver and figure out. Market conditions are vastly different today than one year ago and we're all finding ways to adapt and move our projects forward. Government regulation is really no different in my book. Understand the challenge and find ways to thrive - despite the circumstances. Some of us live in very challenging cities with very unfriendly landlord policies and yet investors find ways to thrive. Glass half full vs glass half empty.
Regardless of politics we all need to find ways to manage our business and carve a path forward to success. --- Understand the challenge and find ways to thrive - despite the circumstances. Some of us live in very challenging cities with very unfriendly landlord policies and yet investors find ways to thrive.
Where the federal government COULD and SHOULD take action is by investing in housing by offering better benefits to developers to encourage construction. The biggest problem is that we have a shortage of housing stock. Other actions that would help is to encourage competition by limiting the ability of large funds to purchase huge amounts of housing stock by utilizing the Sherman Anti-Trust Act.
We do NOT have a shortage of housing stock. We have an overabundance of entitled people who believe they have the right to live where they want even if they can't afford it. People have no right to live in extremely expensive cities and complain things are expensive. People need to be told the cold hard truth. You can't afford to live here, so you need to move to some place cheaper. Don't matter if you grew up here or your family and friends are here or your job is here. Just because YOU can't afford to live here doesn't mean we should build to the sky and destroy the appeal of the area.
The local governments do NOT want more housing built. State and federal might, but that is because they don't suffer the consequences. What local politician wants the number of people living in his area to suddenly increase? More cars, but same size streets. More students, but same size schools. More usage of infrastructure, but same old infrastructure. Upset the current residents who voted them in and add a bunch of new voters that may want someone else. No politician wants this.
And the hedge funds buying up all the housing stock is a boogeyman argument. Last I heard, mom and pop landlords outnumbered hedge fund ownership by 25-to-1 margin. Maybe the government should do something like encourage mom and pop ownership, perhaps by leveling the playing field between landlords and tenants?
@Greg M. Right again.....There are more housing units available in the USA than there are people looking for housing. All the time. These people that bleet like sheep, 'we need more housing' are, let's say, uninformed. A little research would be nice from time to time.....but no it's easier to jump on another virtue signal bandwagon....