Housing Update: Biden's Plan to Target Rent Gouging Landlords.  Will it work?  Who's affected?
Channel: HOUSEDOGcom Bryan Crabtree
Date: 2024-03-19

In this video, I discuss the recent news about President Biden's plan to target rent-gouging landlords and its potential impact on the housing market. I highlight the key factors contributing to the lack of supply in the housing market, such as the diversion of construction towards apartments. I also explain how the high demand for rentals and the strategies used by corporate landlords have led to artificially high rental prices. Finally, I share my prediction that rent rates will eventually decrease as more apartments hit the market, making the Biden plan unnecessary. Viewers are encouraged to stay informed about the housing market and take advantage of the current market conditions.