Legal & Regulatory

A Ways and Means Committee proposal for tax changes takes out much of the sting the Biden administration wanted.

Even though institutional investors are far from a dominant force in single family homes, they are an attractive target for politicians.

BlackRock and others say there will be abundant indirect benefits.

The changes would aim to raise $172 billion over the next ten years from higher taxes.

"If they haven't done so already, they'll take the full step in requiring their employees to be vaccinated. That will benefit those large businesses, but also benefit the landlords whose buildings are occupied by these large businesses," said a South Florida attorney.

"No one is debating the need for [impact fees], but how do we bring them into line and keep them reasonable so that they no longer represent 25% of the cost of a home?" said KT Catlin, executive officer of the Gold Coast Builders Association.

Post-pandemic reevaluation of commercial real estate assets has ongoing accounting issues.

"Our system does not permit agencies to act unlawfully even in pursuit of desirable ends."