National REIA’s Monthly Government Affairs Update…

 

Sloppy Inflation: The discussion around inflation has become quite sloppy. Rather than focus on all the misstatements, please know that references to inflation “coming down” is in no way an actual reduction in costs. It is a reduction in the rate of increase. This is critical when thinking about budgets and longer term planning. The deflationary aspect of the economy has not reared its head except in parts of China. In the event deflation starts, prices will actually go down. So will value. Have a discerning ear…
Another Domino: In late May, Tennessee Governor Bill Lee signed into law Tennessee’s new anti-squatting legislation. The new law will take effect on July 1, 2024. Click here to learn more.
Sticky Red Tape: A recent report from the National Multifamily Housing Council (NMHC) says building codes can raise concerns about construction costs and make it increasingly difficult to develop much needed housing. Go figure... Click here to read more about the report.

 

 

Paneling: While at a recent conference, Charles Tassell moderated a panel discussing the valuations & future valuations of Single Family Rentals. Accordingly, there are four themes creating a pattern: 1 – The current shortage of affordable/entry-level housing is creating consternation for those entering the market. 2 - Demand from Mill ... Read More…