Biden vs. Corporate Landlords: A 2024 Election Game Changer?

Rent Roulette: Will Biden's Bet Pay Off?                                                                                                                                                                                                                                                                                                                                                                                                                 May 25, 2024 | [Read Online]( Hey Homemakers and Dream Chasers, Strap in for a quick tour of the housing hustle where the stakes are as high as city skyscrapers, and the game is getting political. AFFORDABILITY Biden Targets Corporate Landlords in 2024 Election Housing Cost Debate [3-minute read]( As the 2024 presidential election heats up, President Joe Biden is tackling a big problem that affects many of us: very high rents. He's taking a solid stand against large landlords and companies driving up the cost of living. While in Nevada recently, President Biden emphasized the state's importance in the next election. He has requested that Congress allocate funding for these projects in the fiscal budget 2025. His main goal? To stop these giant companies from setting rental prices too high, which makes it hard for people to find homes they can afford. In Las Vegas, President Biden strongly criticized large corporations for "rent gouging," a practice where companies work together to keep rent prices high. He stated that People are fed up with being taken advantage of, and I'm fed up with it too. The cost of living, especially housing, remains a significant worry for many people, even though the economy is improving; recent data shows that housing expenses substantially influenced the latest 0.4% price increase. You're not alone in feeling this pressure; a recent survey found that housing costs are one of the biggest financial concerns for people, coming in just behind overall inflation. Even though President Biden won Nevada in the 2020 election, she's currently facing challenges in the polls, where she's behind Donald Trump for the upcoming election. This makes his focus on making housing more reasonable very important. His team has already made moves, like settling a lawsuit with the National Association of Realtors about them charging too much. Under President Biden's administration, agencies like the Federal Trade Commission and the Department of Justice's antitrust division have been vigilant in preventing large companies from merging in ways that could harm competition. To ensure a fair and competitive marketplace, these efforts are part of a broader strategy. President Biden emphasizes the importance of transparency in how big corporations influence market prices and the cost of living for average consumers. By taking firm actions his administration aims to protect consumers and ensure that businesses play by the rules against anti-competitive mergers and introducing new regulations. This approach is intended to prevent situations where fewer market options and higher prices could disadvantage consumers aligning with Biden’s commitment to making economic fairness a priority. A recent survey found that 63% of people believe that large companies are using inflation as an excuse to raise prices, which is an increase of 9% from previous months. This survey has a small margin of error of about 3.1%. As the 2024 election approaches, President Biden's strong efforts to make housing more affordable and to hold big companies responsible for high prices are becoming increasingly important. Want to dig deeper into Biden's housing plans? Click [HERE](for the blueprint on how he's building his 2024 campaign on the foundation of fair housing. Keepin' it real (estate), The Real Estate Investing News P.S. If Biden's plans work out, 'home sweet home' might just become a little sweeter—and a lot more affordable. Top Picks to Stream [UWM CEO Reveals Potential Housing Boost with Fed Cut! 🎬]( [Americans on the Move! The Changing Face of Living 🎬]( Ready to turn your real estate dreams into reality? [Sign Up]( for our newsletter for more insider tips and expert advice on funding your investment journey! 🏠[tw]( [yt]( Update your email preferences or unsubscribe [here]( © 2024 REAL ESTATE INVESTING NEWS 228 Park Ave S, #29976, New York, New York 10003, United States [[beehiiv logo]Powered by beehiiv](