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211: President Biden wants to make housing affordable. But should he?
Manage episode 418273328 series 3574217
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During his State of the Union address on March 7, 2024, President Biden outlined multiple proposals for how to make housing more affordable:
-A $400/mo credit for first time homebuyers or people "trading up"
-Title insurance reform to reduce fees
-Measures to stop anti-trust violations and price-fixing among big landlords
-Cutting red tape on federal financing for developers, etc.
Some of these proposals sound good on the surface, but without question, several of them are legitimately dangerous ideas that are likely to cause increased inflation in real estate and an increased risk of a housing recession down the road. So let's discuss the good, bad, and ugly about President Biden's real estate proposals and what they could mean for us in the future.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.
-A $400/mo credit for first time homebuyers or people "trading up"
-Title insurance reform to reduce fees
-Measures to stop anti-trust violations and price-fixing among big landlords
-Cutting red tape on federal financing for developers, etc.
Some of these proposals sound good on the surface, but without question, several of them are legitimately dangerous ideas that are likely to cause increased inflation in real estate and an increased risk of a housing recession down the road. So let's discuss the good, bad, and ugly about President Biden's real estate proposals and what they could mean for us in the future.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.
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