2026 - Episode 21 - The ROAD to Housing Act & 1031 Exchange breakdown

John, when we spoke earlier today, you wanted to talk about this.

Now, we're recording this on Wednesday.

It will be airing on Saturday.

But as of Wednesday, the House and Senate passed a bill.

Let's talk about that.

Sure.

What's going on with this,

John? The Congress got together in a really large bipartisan way, and they passed really the first major piece of housing legislation that we've seen in over 50 years.

Yeah.

And so they've passed the 21st Century Road to Housing Act.

Great.

It's out to the president for signature.

And if we set aside the politics of it, it's got support on both sides.

It should make it through at some point.

And it's interesting to say the headline from this is they're trying to fix the sort of housing affordability problem.

And they're pushing on, as a solution, they're pushing on the side of we can address the supply of housing.

We can't necessarily make it cheaper by subsidizing people's interest rates, subsidizing their housing prices, making house prices go down.

We're not going to mess with that.

We're going to raise the supply, and that will bring down costs for consumers.

Indeed.

That's the goal here.

We talk about it all the time.

The issue is always supply versus demand.

So if you increase the supply, you should soften prices a little bit, and it may increase demand too.

Agreed, agreed.

John, when we spoke earlier today, you wanted to talk about this.

Now, we're recording this on Wednesday.

It will be airing on Saturday.

But as of Wednesday, the House and Senate passed a bill.

Let's talk about that.

Sure.

What's going on with this,

John? The Congress got together in a really large bipartisan way, and they passed really the first major piece of housing legislation that we've seen in over 50 years.

Yeah.

And so they've passed the 21st Century Road to Housing Act.

Great.

It's out to the president for signature.

And if we set aside the politics of it, it's got support on both sides.

It should make it through at some point.

And it's interesting to say the headline from this is they're trying to fix the sort of housing affordability problem.

And they're pushing on, as a solution, they're pushing on the side of we can address the supply of housing.

We can't necessarily make it cheaper by subsidizing people's interest rates, subsidizing their housing prices, making house prices go down.

We're not going to mess with that.

We're going to raise the supply, and that will bring down costs for consumers.

Indeed.

That's the goal here.

We talk about it all the time.

The issue is always supply versus demand.

So if you increase the supply, you should soften prices a little bit, and it may increase demand too.

Agreed, agreed.