VP Harris Wants to Stop Wall Street Homebuying, But Will It Help Regular Buyers?

On The Market

Kamala Harris has a plan to make it easier for first-time homebuyers to buy a house, but it comes at the expense of institutional investors. Eviction filings surge throughout the Sunbelt states, EVEN as apartment rent prices fall across all bedroom counts. And could commercial real estate’s struggles lead to you paying even higher property taxes? We’re getting into it all in today’s headlines show!

First, we’re talking about Kamala Harris’ new proposal to kick Wall Street out of the single-family homebuying arena, potentially opening up space for first-time homebuyers to finally break out of renting. The proposal sounds promising, but is it too late to actually impact today’s housing market when institutional investors take up such a small amount of the single-family supply? We’re giving our takes on the new proposal.

Apartment rent prices fall across all bedroom counts for the first time in years. But, even with seemingly improving rent affordability, eviction filings have surged across the South. Even with the rent drops, are tenants simply unable to pay such high prices for everything, rent included, in 2024? Lastly, we’re talking about how the decline in commercial real estate and office space has led to cities increasing property taxes, and by no small amount.

In This Episode We Cover

Whether Kamala Harris’ anti-Wall Street ownership proposal could work for homebuyers

Why apartment rent prices are falling, and whether or not this will continue

Single-family rents and why we AREN’T noticing them fall too

The real reason evictions have seen such a spike across the Sunbelt states

Commercial real estate-caused property tax hikes happening in THESE cities

And So Much More!

Links from the Show

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James' BiggerPockets Profile

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How the Financial Policies of Trump and Harris Could Impact Real Estate Investors

Kamala Harris wants to stop Wall Street's homebuying spree

Asking Rents Fall Across All Bedroom Counts for First Time in 4 Years

Evictions Surge in Major Cities in the American Sunbelt

How much do downtown real estate losses lead to property tax hikes?

Grab Dave’s Newest Book, “Start with Strategy”

Jump to topic:

(00:00) Intro

(01:45) Harris’ New Homebuying Proposal

(16:41) Rent Prices Fall

(25:40) Evictions Surge in Sunbelt States

(36:13) CRE-Caused Property Tax Hikes

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-245

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