At a recent speech in Atlanta, GA, Vice President Kamala Harris made it clear that she’s interested in continuing many of the Biden Administration’s policies regarding big business, according to Yahoo!Finance. They also report that she would “ban hidden fees and surprise late charges that banks and other companies use to pad their profits” (aka so-called junk fees). The speech was made as part of her campaign for the presidency and included support for President Biden’s cap on rental increases.
However, perhaps of most concern to real estate investors were her remarks about housing:
VP Kamala Harris
“Harris also reiterated her stance on housing, saying she would take on corporate landlords and cap unfair rent increases. This seems to indicate that she is interested in moving forward with the Biden plan to cap the maximum annual rent increase for landlords who own more than 50 properties at 5%. Many housing advocates have come out against this policy. The National Association of Home Builders said it would worsen the current housing problem by discouraging the construction of more homes.” – as reported by Yahoo!Finance
At a recent speech in Atlanta, GA, Vice President Kamala Harris made it clear that she’s interested in continuing many of the Biden Administration’s policies regarding big business, according to Yahoo!Finance. They also report that she would “ban hidden fees and surprise late charges that banks and other companies use to pad their profits” (aka so-called junk fees). The speech was made as part of her campaign for the presidency and included support for President Biden’s cap on rental increases.
