Real Estate Goes to Washington: With Stakes High Up and Down the Ballot, Industry Leaders Are Pressing Their Case
In the height of this political season, organizations representing real estate professionals and investors are flexing their muscle in trying to promote, modify or outright quash pieces of legislation they consider injurious to their business.
That goal has implications ranging from whom to elect as the next President and members of Congress right down to state and local propositions and initiatives.
HOT BUTTON ISSUES
As is the case with the presidential and congressional races, the Dodd-Frank Act is quick to the lips of real estate industry professionals as well. Also known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, this piece of legislation was enacted by Congress to impose major regulations on the financial industry with the intent of preventing another economic collapse. Dodd-Frank critics blame the legislation for sluggish new business formation and growth because it has curtailed lending, including the capita