High Credit Borrowers Get Punished and New Landlord Laws Put Tenants First

Got a high credit score? Your mortgage could get more expensive. And no, this episode isn’t releasing on Opposite Day. New mortgage rules are incentivizing those with poor credit while punishing those that have built up their credit. And while this may seem like we’re venturing back to the days of subprime mortgages, there may be some real reasoning behind this newest mortgage rule change.

Welcome to the 100th episode of On the Market! It’s been a year since our first episode, and thanks to Dave, Henry, James, Jamil, and Kathy, we’ve rocked the charts with some of the most up-to-date real estate data around. This time, Dave and our panel of guests will share their favorite episodes and go over some of the latest headlines affecting the housing market.

First, we’ll touch on how mortgage rules have changed and why high credit score borrowers could be in the crosshairs for more expensive fees. Next, California targets the upper-middle-class, kind-of-wealthy, but not-so-ultra-rich residents with their newest “mansion tax,” which targets houses that aren’t exactly mansions! Finally, a fractional ownership debate and an update on the latest landlord law that could give tenants more property protections.

Thanks for joining us for 100 episodes of On the Market! And special thanks to our producer, Kailyn Bennett, for making it all happen. Here’s to 100 more episodes!

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In This Episode We Cover

• New mortgage updates that could hurt high credit score borrowers
• California’s “mansion tax” and how it could affect far more than the “ultra-rich”
• Factional real estate investing and whether owning a “share” of a rental will ever beat buying properties
• Colorado’s latest landlords law proposal that could change the way you do leasing
• Homeownership for all and how unaffordability is putting pressure on lawmakers
• The On the Market panel’s favorite episodes of all time!
• And So Much More!

Links from the Show

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Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.