Does Government Have it Wrong...AGAIN?!?

[Michael Gansberg]

[Disclaimer: This is an apolitical post, I'm a moderate of neither the Republican nor the Democratic party.]

What do people think regarding the "Renter's Bill of Rights" proposed by Biden? It's yet to be solidified, but it currently smells like national rent control. For a more detailed description, check the BP blog post linked below.

My feeling is that rent control is bad and a headwind for multifamily housing. However, government has regulated housing for longer than I've been alive, and in a more heavy-handed way in the past few years, yet multifamily housing has been one of the best places that an investor could invest recently, despite government's best efforts to level the playing field between owners and renters. Is this just more noise, something that may take a few bips off an investor's rate of return? Or is this the final nail in the coffin, which means to me that other real estate asset classes, such as essential retail, industrial, farmland, etc., will outperform multifamily in the near-medium term?

https://www.biggerpockets.com/...