BIGGEST RISK with Richard Ross

J Darrin Gross

 If you're willing, 

 

Richard Ross

You're asking, what keeps me up at night is that? 

 

J Darrin Gross

That's right. Richard gross, what is the BIGGEST RISK?

 

Richard Ross

So people in this business typically would say interest rates, and certainly the elevated level of rates has been a factor. My opinion on interest rates is, as long as they're stable, I can deal with them like I can price my product, if you will. What keeps me up at night today, and you sort of alluded to it, is regulation and legislation, particularly anti renter bias, and that's mostly local. I'm talking rent control. I'm talking prohibition against renting because somehow we are impeding people from buying homes. The facts don't bear that out. But you know, you can get a law passed that says you can only rent five homes and 100 home subdivision. Well, that's a problem for me. It's a problem for you, probably, as a owner of rental property. So that's, that's would be the biggest risk today is, is a sort of a myopic approach and an anti renter bias that a lot of local municipalities have.

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