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Real Estate News: Real Estate Investing Podcast

Don’t get caught off guard by market crashes that can take all your money down with them. And don’t miss out on markets where you can build wealth practically overnight. Real Estate News for Investors with Kathy Fettke is the premiere source for savvy real estate investors who want the edge. Stay up-to-date on new laws, regulations, and economic events that affect real estate. Topics include: market trends, economic analysis that affects housing prices, updates on the best rental markets for investing in single-family rentals or multi-unit rentals, turn-key housing standards, the fate of the highly revered 1031 exchange and other tax law affecting investors, self-directed IRA investing and 401k changes, where rents and property values are rising or falling, flipping risks, new Dodd-Frank rules regarding private lending and financing standards, areas with job losses vs job growth, areas that are overbuilt or over-supplied versus areas with low supply and high demand, and how to avoid real estate scams. We'll bring you the latest reports from organizations like the National Association of Realtors, Realty Trac, Fannie Mae, Freddie Mac, Zillow, Trulia, Redfin, Rent Range, Property Radar, the Norris Group, Peter Schiff, Robert Kiyosaki’s Rich Dad, Suse Orman, Bigger Pockets, Dave Ramsey and more. And we'll help you interpret the data in terms that make sense for your real estate goals, and portfolio. Grow and protect your wealth by staying on the forefront of economic data analysis, expert opinions, innovative investing strategies and profitable investment opportunities. We'll share all the top real estate news stories and the best trade secrets investors should know, so you can stay ahead of the curve and make fully informed real estate decisions. Host Kathy Fettke is Co-CEO of the Real Wealth Network, author of Retire Rich with Rentals and host of the Real Wealth Show on iTunes. She brings decades of media and real estate investing experience, offers her own viewpoints on particular topics, and taps into her network of real estate experts for real world news updates created just for investors like you. Get the real news on real estate on The Real Estate News For Investors Show!
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Apr 6, 2016

Local governments in the country's largest and most desirable cities are trying to create more affordable housing as home prices steadily rise. And some of the methods being used in the expensive San Francisco Bay Area and elsewhere place the cost burden on developers. But is this actually something that will provide a solution or make matters worse?

I'm Kathy Fettke and this is Real Estate News for Investors.

So-called "impact fees" are becoming more popular across the country to help address the affordable housing crisis. Impact fees are typically imposed on builders who must pay a certain amount per square foot for a new development project. Those fees are then used to pay for public facilities and in this scenario, for affordable housing.

Many Bay Area cities have already adopted impact fees or are considering them. In San Jose, city officials adopted a $17 per square foot fee in November of 2014. The resolution requires that developers pay the one-time fee for projects that have three or more units.

Some housing advocates, including The Sacred Heart Housing Action Committee, wanted a $28 dollar per square foot fee. The organization says that developers need to pay their fair share for a problem that they helped create. But is it fair to place the blame for the affordable housing crisis on developers?

A better question actually might be - is it prudent? Builders are generally not non-profit organizations. If they can’t make a profit, they might not build - at least not in the areas where it’s cost-prohibitive.

Get the full transcript at www.NewsforInvestors.com

P.S.
That's why Real Wealth Network is actively building residential units in Reno, Nevada - because the numbers pencil out very nicely. And there's high demand for housing in the Reno area because businesses are also leaving California in search of areas that don't tax and regulate them to death. Tesla was able to break ground on it's gigafactory outside Reno after a very quick approval from the city planners.

If you'd like more information on our developments in Reno, join the network first (it's an SEC regulation that we can only present syndications to people with whom we have a prior existing relationship.)

You can join for free at www.NewsforInvestors.com

The post #040 – Rent Control 2.0 and Impact Fees – Will It Create or Destroy Affordable Housing? appeared first on Real Wealth Show | Real Estate Investing | Turnkey Rental Property | Cash Flow | Notes | Private Lending | Flipping | Wholesaling.

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