Biden infrastructure plan would affect real estate – The Journal Record
I am not sure how the Biden administration’s plan will actually play out once it gets through Congress, but one thing is for sure: It’s going to be big and it’s going to be one of his main priorities as president. Bigger may not be better for the U.S., and may not be better for all citizens, but it is likely very good for real estate investors.
The largest portion in Biden’s infrastructure bill is the $621 billion he wants to spend on improving roads, bridges, and various forms of public transit. Typically, better roads, bridges, and public transit give companies better access to customers, lead to new businesses, add new jobs, and drive demand for housing.
Another part of the Biden proposal provides an additional $213 billion for building, renovating, and retrofitting 2 million homes with upgrades paid by giant grant programs. The Neighborhood…