Buying (and Building) Houses Could Get a LOT Easier (New Bill)
On The Market
Intro
Dave Meyer introduces the Housing for the 21st Century Act and outlines the episode's focus on housing supply reforms.
This could be the most important shift in the housing market in years.
Something truly remarkable just happened that will impact almost every facet of real estate. The “Housing for the 21st Century Act” just passed the House in a landslide vote, with bipartisan support from Democrats and Republicans. But unlike past housing proposals, this one focuses on the thing that could actually fix the housing market for good—supply.
This could make building (and renovating) houses cheaper and faster, allow Americans to finance manufactured homes the same way we finance regular properties, expedite the permitting process for some new builds and rehabs, and give your local bank the ability to lend faster and easier than before.
In short, this bill has a significant impact not only on everyday homeowners but also on real estate investors. The question is, will this fix the housing supply problem we’ve been plagued with?
We’re digging into the six sections of this bill in today’s episode.
In This Episode We Cover
Why this new bill could be a monumental shift for the housing market
Building just got even better—fewer permits, faster approvals, and more
A huge win for affordable housing that could streamline cheaper homes for many Americans
Will new supply kill appreciation? Why many investors are dead wrong about this
Work with local banks? This new bill could be hugely advantageous for you
Investors: do this now! How this bill will affect your investments once passed
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets
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Find Investor-Friendly Lenders
On the Market 392 - Trump’s Housing Proposals Could Work, There’s Just One Big Problem
Grab Dave’s Book, "Start with Strategy"
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-399
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