Why Congressional Redistricting Battles Could Generate Long-Term Impacts For Local Housing Markets
Summary
Redistricting in Texas and California, aimed at influencing political representation, may impact local housing markets. Hosts should be cautious when investing in areas undergoing redistricting and pay close attention to school boundaries, community resources, taxes, and zoning changes.
Key Insights
- •The number of residents assigned to a new congressional district due to these changes in Texas and California alone will number 20 million, or 6% of the nation’s population.
- •Redistricted areas are expected to attract ongoing federal and state investment, making them solid places to invest in real estate, particularly in suburban and exurban markets around Austin, Dallas-Fort Worth, and San Antonio.
Action Items
- ✓Pay specific attention to school boundaries, community resources, taxes, and zoning changes in areas undergoing redistricting.Effort: lowImpact: medium
- ✓Wait until the dust settles before making major investment decisions related to redistricting.Effort: lowImpact: medium
Common Mistakes
- ⚠Trying to get ahead of the game and buy based on speculation is a risky move.
More from Regulations & Compliance
The Green Bay City Council is set to vote on new short-term rental rules, which will likely impact local hosts. Details about the specific regulations are not yet known, but hosts should prepare to understand and adapt to the changes. Stay informed about the upcoming vote.
This article discusses the need for housebuilding to address temporary accommodation challenges. It argues that short-term solutions are not enough and should be supported by building more houses. This highlights the ongoing debate about housing affordability and its relationship to the STR market.
Hawaii's hotel industry and the governor are seeking to eliminate 30,000 vacation rentals. This move reflects ongoing tension between traditional hotels and the rapidly expanding short-term rental market. The potential reduction could reshape Hawaii's tourism landscape and affect rental income for hosts, alongside a shift in tourism economics.
Curated by Learn STR by GoStudioM