Preparing for the potential of massive government regulation

[Zac P.]

Hello BP Fam! First off, let's not try to not get super political here, but I think it's good to discuss the potential of how politics could have a massive affect on housing and how we need to prepare and deal with that. Elizabeth Warren recently proposed a bill that included a year long eviction moratorium. It passed in the house. We all assume it'll not pass in the Senate, veto'd by the President, but still... Yikes! We are already seeing big regulation on housing done in California, Washington and other larger cities/states. We are also hearing the cries of rent control or even rent cancelation that are getting louder and louder everyday. Even if you have every property paid off, this would have devastating consequences on real estate investors, property managers, probably the housing market as a whole, etc... When Covid "ends", this WON'T be over. If the election swings a certain way, it's pretty much a known fact that we will see major regulation in ALL sections of industries, including housing. Again, let's not make this too political here, maybe some regulation is good in some areas of industries, but what steps are you taking to prepare for this? Maybe Cali/Washington investors can give us some good input, because they are already facing a lot of this now. Thanks in advance! 

[Zac P.]

Originally posted by @Nathan Gesner:

I don't spend much time worrying about what may be. I voice my opinion to my representatives and then deal with whatever decision is made. If you spent time worrying about every yahoo bill introduced, you'd never get any work done.

I don’t think you should over worry or stress over it, but it’s good to be prepared for changes. This isn’t some crazy bill that was introduced, this is a bill that has already passed in the house and regulations we are already seeing in major cities. Just seeing how people are preparing for changes, that’s all. 

“Fail to plan, plan to fail.”