Condominium Advisory Group’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.

In this update, Roger Winston, Katie Noonan, and Forrest Albiston, attorneys in our Real Estate Department, discuss evolving Maryland rent control laws, D.C. lease assignment tax, the increased indemnity deed of trust threshold, and more. Read more of their observations here: https://bit.ly/3Yo4JAD #BallardRealEstate #DC #RentControl

In this update, Roger Winston and Forrest Albiston, attorneys in our Real Estate Department, focus on the new national rent control, new Virginia multifamily laws, Montgomery County ROFR assignments, and more. Read more of their observations here: https://bit.ly/4d5CJpk #RentControl #ROFR #MDDCRealEstate #BallardRealEstate

Minnesota Realtors filtering out the noise. Here’s the latest

Whether coastal or inland, old or new, Florida Senate Bill 4-D can profoundly impact your condominium. Associations must grasp the financial implications and assess how these laws affect their property. This analysis is pivotal for determining the best path forward—whether it involves deconversion, navigating receivership, or undertaking construction. Our experienced team can thoroughly assess your situation and recommend the best course of action for your condominium association. 🤝 Schedule a free assessment today: https://bit.ly/3M76F9C #CondominiumTermination #CondominiumDeconversion #SB4D

Planning for the future is essential, especially when it comes to your assets. Did you know that in Texas, passing away without a will means intestate succession laws take over? These laws dictate how your assets are distributed among your closest relatives, but specifics can differ depending on your family dynamics and the type of property you own. Reach out to us for advice tailored to your unique situation. Contact us today: https://bit.ly/3Vq6fPq #EstatePlanning #TexasLaw #IntestateSuccession

Planning for the future is essential, especially when it comes to your assets. Did you know that in Texas, passing away without a will means intestate succession laws take over? These laws dictate how your assets are distributed among your closest relatives, but specifics can differ depending on your family dynamics and the type of property you own. Reach out to us for advice tailored to your unique situation. Contact us today: https://bit.ly/3Vq6fPq #EstatePlanning #TexasLaw #IntestateSuccession

Planning for the future is essential, especially when it comes to your assets. Did you know that in Texas, passing away without a will means intestate succession laws take over? These laws dictate how your assets are distributed among your closest relatives, but specifics can differ depending on your family dynamics and the type of property you own. Reach out to us for advice tailored to your unique situation. Contact us today: https://bit.ly/3Vq6fPq #EstatePlanning #TexasLaw #IntestateSuccession

📊 Ready to make your estate plan California-proof? Ray Olmo and James Cunningham guide you through the Golden State's unique estate planning landscape on California Wealth Warriors. From high property values to the nuances of estate and property taxes, gain valuable insights to protect your assets and plan for the future. Discover the importance of professional advice in estate planning and the crucial role of trusteeship in California. Tune in for strategic approaches to tackle California’s financial and legal complexities. Watch the full episode on YouTube! → https://lnkd.in/eUV64St3 #EstatePlanningExcellence #CaliforniaWealth #PropertyTaxInsight #AssetProtection #StrategicPlanning

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