LETTER FROM THE EDITOR
A ordable Housing and Advocacy E lection years can have a significant impact on real estate investing. Rate changes, inflation, and the general rise in cost of living are all trending topics in our current climate. Another, affordable housing, is not a new topic of discussion in the political arena and will likely always be an area where legislative initiatives are revised or renewed. The pandemic exacerbated the affordable housing crisis. Rate increases and the rising cost of living have significantly added to the affordable housing challenge. The real estate market cycle ebbs and flows. It will be particularly interesting to see what policies are reformed to assist in this crisis during the current election cycle. It is important to note that the individual real estate investor has a direct impact on providing affordable housing. As an industry, the small real estate investor is responsible for more than 70% of the investment properties owned. This is why your voice matters. Both Think Realty and the American Association of Private Lenders have formed the Governmental Relations Committee (GRC). Those involved are committed to making sure the real estate investing space has a voice and seat at the table for legislative conversations. Over the years, multiple discussions have been held with both House and Senate committee members, foraging a relationship to better understand the critical impact investors have on the housing industry and the importance of supporting those individuals. What we have discovered is the importance of a collaborative environment, where multiple objectives and agendas can come together and work for a common goal. Although both GRCs will continue to stay up to date on any initiative that could negatively or positively impact the investing space, it is important to keep your ear to the ground locally. Often, the larger federal side appears to make the decisions when local government truly helps shape policy and standards in your areas. It is imperative, as a real estate investor specifically, to familiarize yourself with local laws regarding real estate. Knowing what policies impact you directly will aid you in making sound investing decisions, whether that be pivoting into a new strategy or continuing your current path.
CARMEN FIELDS MANAGING EDITOR
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