Where are Americans Moving After the Election?

The Real Estate Education Podcast

In this episode, real estate agents and investors Erin Spradlin and James Carlson explore key trends in real estate investment and housing policy following the 2024 election. They begin by discussing post-election migration, examining where Americans are moving after the 2024 election. Using data from The New York Times and Redfin, they reveal a growing trend of individuals relocating based on political alignment, with states gaining population post-election often aligning with voters' political preferences. The hosts highlight that economic factors, such as taxes, also play a role in these moves, especially as younger and less wealthy individuals seek affordability.

Shifting to California’s Proposition 33, Erin and James dissect why voters rejected a measure that would have expanded rent control to newer homes. They discuss the pros and cons of rent control for landlords, noting that while such policies aim to address housing affordability, they often discourage housing development and harm small property owners. The hosts delve into understanding rent stabilization policies and the unintended consequences of capping rents, such as reduced profitability for landlords and a worsening housing shortage.

They also address the broader housing crisis, citing a shortage of 4 to 7 million homes in the U.S. caused by restrictive zoning laws, labor shortages, and NIMBYism. The episode concludes with actionable insights for listeners on how to start investing in real estate, emphasizing the importance of understanding local policies, affordability trends, and political factors that influence the market. For more information visit: https://www.erinandjamesrealestate.com/