Ballard Spahr LLP’s Post

Rent Control is not a partisan issue. Jason Furman, who served as a top economist in the Obama administration and is now a professor at Harvard, noted in a recent Washington Post article that "Rent control has been about as disgraced as any economic policy in the tool kit. The idea we'd be reviving and expanding it will ultimately make our housing supply problems worse, not better" .  And earlier today, President Biden asked Congress to enact nationwide rent control legislation (we will post details on that later today). Rent control in any form is bad for housing and President Biden’s tax plan to cap rents at 5% on existing multifamily properties will worsen the housing affordability crisis by discouraging construction of new rental housing units at a time when the nation is experiencing a shortfall of 1.5 million housing units. Ample research has proven repeatedly that mandatory rent control is a failed policy that does nothing to alleviate the root causes of housing affordability issues — namely the fact that our nation’s housing supply has not kept pace with the needs of our growing population. Rent “stabilization” disincentivizes rental multifamily housing investments across markets, particularly in low-income communities that already often have few affordable options. Moreover, rent regulation is not equitable, as it does not target lower- and moderate-income renters that are in most need of assistance, support and stability. Instead, it incentivizes current renters to remain in place for longer periods of time and disincentivizes additional investments in housing, thereby limiting opportunities for others who do not have access to the rental housing market in favor of those that already do.

What happens if I die without a will? Short answer: -Pennsylvania Laws of Intestacy govern estate distribution without a will, leaving assets and guardianship decisions to state control. -Lack of a will results in a default provision where assets are divided among family members, with no say in how they're used, and potential financial implications such as estate taxes. -Specific clauses, like spousal remarriage rights and guardianship nominations, are forfeited, and tax optimization efforts are disavowed, highlighting the importance of proactive estate planning. To read more, visit our website and explore the latest article by Estate Planning Attorney, Jake Penn.

Public finance attorney Tiffany Leichman sat down with The Colorado Sun and shared some insights on the complexities involved with Colorado’s proposed property tax cap and the impacts it has had thus far with bond investors. Read more: https://ow.ly/aHYy50SRrMB #ALawFirmShapingTheFuture #bondmarket #publicfinance #greatpeople #greatopportunities

Attention Sussex County Neighbors: Big News on the Horizon! 🎉Did you know we have our first property reassessment since the '70s. Here’s the scoop: 🏡Reassessment Rundown: Updating property values. 📧Look Out for Mail: Your property’s tentative value notice is on its way. 🤝Why It’s Crucial: Fairness in taxation and boosting our schools. 👀Questions?: There’s a way to appeal. 👉Get all the details in my blog: https://lnkd.in/gfvZYvnZ 💬Let’s chat in the comments! We’re navigating these exciting times together! #SussexCountyReassessment #CommunityStrong #RealEstateInsights

Florida Senate Bill 4-D will have a significant impact on condos, regardless of location or age. As an association, you must analyze its specific financial implications before acting according to the new laws. That may mean going into a deconversion, receivership, or construction/repairs. Our team has the knowledge and experience you need to see where things stand and make informed decisions about what steps to take next. Schedule your initial assessment today: https://bit.ly/3M76F9C #SB4DBill #CondoTermination #CondominiumAdvisoryGroup

Attention Sussex County Neighbors: Big News on the Horizon!  🎉Did you know we have our first property reassessment since the '70s. Here’s the scoop:  🏡Reassessment Rundown: Updating property values.   📧Look Out for Mail: Your property’s tentative value notice is on its way.  🤝Why It’s Crucial: Fairness in taxation and boosting our schools. 👀Questions?: There’s a way to appeal. 👉Get all the details in my latest blog: https://lnkd.in/gvpDBt8f  💬Let’s chat in the comments! We’re navigating these exciting times together! #SussexCountyReassessment #CommunityStrong #RealEstateInsights

The $350 Million Case Against Donald Trump: Unraveling Long-Term Consequences Have you thought of the consequences of this ruling? The court ruling against Donald Trump unveils profound implications that will ripple through New York's real estate marketplace. While Trump's assessments adhered to standard industry practices, the imposition of unprecedented penalties sets a concerning precedent. Real estate developers will now adopt an overly cautious approach, valuing properties at "Over $10,000" to steer clear of potential legal repercussions. This cautious stance will choke deal flow and investment in the short and long term. Even more concerning is the anticipated decline in property valuations, leading to reduced real estate tax revenue. This directly impacts funding for crucial public services such as schools, leaving constituents rightfully frustrated as they witness cuts to essential services. Capital will gravitate towards jurisdictions where deals can be conducted without fear of prosecution, prompting money to flow away from New York State and New York City as investors seek safer alternatives. Consequently, lower property taxes will deprive municipalities of vital funding for schools, infrastructure, and other necessities. The ramifications of this seminal case will reverberate for decades to come, and its consequences will be felt across the board. New York now faces significant challenges ahead as a result of this ruling. #RealEstate #DonaldTrump #LegalRuling #NewYorkCity #Consequences #IndustryShifts #Implications

BarthCalderon Attorney, Noelle Bryce, is often asked how to properly pass down the family home. Homes must be transferred properly, considering property tax reassessment, which differs per state. Enjoy this clip, and watch full video here: https://buff.ly/3ytlOOx

Join Jennifer Felten on this episode of "Conversations with My Real Friends" as she chats with James Bean, a commercial real estate agent specializing in 1031 exchanges in Southern California. They discuss the vital importance of CPAs in managing exchange transactions, focusing on the tax implications. James mentions that while many CPAs are well-informed, some give overly conservative advice due to their lack of expertise in commercial real estate structures, which can result in missed opportunities for their clients. #realestate #taxadvice #1031exchange #investmenttips #commercialrealestate

Attention Sussex County Neighbors: Big News on the Horizon! Did you know we have our first property reassessment since the '70s. Here’s the scoop: Reassessment Rundown: Updating property values. Look Out for Mail: Your property’s tentative value notice is on its way. Why It’s Crucial: Fairness in taxation and boosting our schools. Questions?: There’s a way to appeal. Get all the details in my latest blog: https://lnkd.in/gYrmzt_e Let’s chat in the comments! We’re navigating these exciting times together! #SussexCountyReassessment #CommunityStrong #RealEstateInsights