Apartment Wire - 11/02/2018 (Plain Text Version)
Eye on the Elections
The midterm elections are just days away, and we're tracking a number of key races whose outcomes are anything but assured. We’re also closely watching a dangerous ballot initiative in California that is up for grabs. It’s too early to predict how post-election shakeups will affect the apartment industry, so for now, here's what you need to know before you head to the ballot box on Tuesday.
For some of California’s largest real estate investors, the fight over an initiative to expand rent control through a ballot initiative goes beyond the state’s borders. They’ve amassed funds to not just win in California but also prevent a wave of rent control measures that might follow nationwide. Bloomberg and The Economist also report. [return to top]
Decisions made in Washington, D.C., affect the way apartments are financed, built, operated and managed. Independent and bipartisan, NMHC PAC is the premier fund aggressively pursuing the election and re-election of lawmakers who understand the multifamily industry and know that a healthy, robust industry translates into a stronger American economy. Visit our NMHC PAC headquarters to learn more about how we fundraise, who we support and how to get more involved. [return to top]
Renters are rarely considered a distinct voting coalition, yet they represent almost one in three voters. New analysis from Apartment List’s housing economist looks at the segment’s size, tendencies and influence. Small changes in turnout amongst renters can have a profound impact on national politics. [return to top]
Housing hasn’t been a top issue in past presidential elections, but Democratic strategists and housing experts say it could be a bigger part of the debate in the coming years as concern grows about how housing costs have increased faster than wages. [return to top]
Multifamily Market Dashboard
The Economist’s forecasting model for midterm elections to the House of Representatives, updated daily, puts its predictions into a pretty picture. To gain control, Dems will need to pick up a total of 23 seats. New reports suggest it could be harder than expected.
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