It is no secret that housing prices and in turn rents have skyrocketed throughout the country. President Biden, announced a major new action to: “ lower housing costs by limiting rent increases”. Essentially the proposal is nationwide rent control. What is in...
You have to hand it to the Federal government, they are always working to solve problems that do not exist. Currently there is a new proposal from the federal government (via Freddie Mac) to insure second mortgages/home equity lines of credit similar to first...
In economics there is no free lunch and you can’t spend forever without paying the piper. A new recent tax proposal keeps spending while drastically increasing taxes on real estate owners. The new plan eliminates the 1031 exchange and the step up in basis upon...
States have traditionally set rental regulations including zoning, evictions, etc… but that is all set to change with the president’s new proposal. The federal government will now be assuming many of the powers that were granted to the states. The biggest change is...
For years interest rates were the number one indicator for real estate prices. In this cycle interest rates have more than doubled yet real estate prices have barely budged. If we look back at 2008, the impetus for the large real estate crash was rising interest...
No this is not a joke, I had to read the recent Fannie Mae press release multiple times to actually believe what I was reading. Who would have ever thought that someone with a high credit score above 740 would be penalized for having a high score. Under a new rule...
Presidential nominee Biden has rolled out his proposed tax plan with two major pillars that will impact real estate: 1) Elimination of the 1031 exchange provision 2) elimination of long term capital gains. These two changes, if passed, will have huge implications for...
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