This New Housing Bill Could Change EVERYTHING

🏡 Real Estate Pros React to Elizabeth Warren’s New Housing Bill

In this video, real estate professionals James and Jaden give their blind reaction to a clip of Senator Elizabeth Warren breaking down a new bipartisan housing bill that’s making waves across the country.

Here’s what stood out in their discussion:

🔹 Rare Bipartisan Win
The bill passed the Senate 89–10 — the first major bipartisan housing legislation since 1990.

🔹 More Housing for Everyone
The goal? Increase housing supply across the board — helping first-time buyers, renters, seniors, and people with disabilities.

🔹 Cutting Costs & Red Tape
New provisions aim to lower building costs and speed up approvals, including:

• Automatic permits for pre-approved building plans
• Streamlined environmental approvals for infill housing

🔹 Cracking Down on Big Investors
Companies owning 350+ single-family homes would be restricted from buying more — a move with support from both sides of the aisle.

🔹 Helping Small Landlords & Families
These restrictions are designed to level the playing field, without impacting “mom and pop” landlords.

🔹 Minnesota Programs You Should Know
James also highlights local opportunities, including:

• Up to $70K in homebuyer assistance in St. Paul
• Innovative rural housing options like tiny home communities

👀 Watch as James and Jaden break it all down in real time, sharing their honest reactions and insights on what this could mean for buyers, investors, and the future of housing.

💬 What do you think about this bill? Drop your thoughts in the comments!

#RealEstate #HousingMarket #ElizabethWarren #HomeBuying #MinnesotaRealEstate #HousingCrisis #Investing

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Transcript

SPEAKER_04 0:10

Nothing is getting through the Senate at eighty-nine to ten. So you have both sides voting to try to do something with housing for the first time since nineteen ninety.

SPEAKER_01 0:18

Private equity, you gotta stay out of the single family housing market. Right now, we're watching people to try to buy their first home. They put everything together, and then in swoops, an investor from Wall Street makes an all-cash offer and ends up buying a house.

SPEAKER_04 0:37

I have not heard about this from anybody. It has not been on the like the big national news. I mean, I had to like come across this on YouTube. So I'm kind of shocked this isn't being talked about more. It's a big deal.

SPEAKER_03 0:49

Hey, welcome back to James and Jaden's uh real estate podcast, uh the Home Guys Podcast. I'll be honest with you, uh, we have all kinds of different names for it, but hey, we're here to talk. Real estate and whatever else comes up. Um, obviously, I got Jaden here uh as our guest today. Oh, not our guest, but just uh as we're kind of speaking. Um permanent guest. Yeah, you're a permanent guest, thank you. Um, Jaden, I don't even know what the hell we're doing. I think Brady said something up where we sent him some videos.

SPEAKER_04 1:17

Um yeah, I found a good video on the housing market. Um, I think we should watch it. I I watched most of it, I think, but you have not. So let's let's watch it and uh talk about it.

SPEAKER_03 1:26

Okay, let's do it. Go ahead, Brady.

SPEAKER_02 1:30

Welcome back to Takeout. The Senate did something today it rarely does. Passed a big, complicated bill on a bipartisan basis about an issue that millions of Americans care about. The issue of housing cost. Earlier today, I spoke with Massachusetts Democratic Senator Elizabeth Warren about that bill and a lot else. Federal housing legislation is pretty rare. The last big bill passed in 1990. Senator Warren, what does this have in it to address real-time problems Americans have either with their rent or with their housing affordability?

SPEAKER_01 2:00

Well, look, the big problem is we just don't have enough housing in America, and we need more housing of every kind. Housing for first-time home buyers, housing for renters, housing for seniors, for people with disabilities, for people who have no housing, for people growing their families, rural, urban, and what this bill is about is more. Every provision in this bill, and there are more than 40 of them, push in exactly the same direction, and that is different ways to help bring down the cost of building more housing and to urge communities to get more housing done. So ultimately, with this bill, good first step, we're gonna bring down the cost of housing by just having more of it.

SPEAKER_02 2:46

Sounds good so far. It passed the Senate today, 89 to 10. That means it's by definition bipartisan. I also know enough about legislation, senator, to know that when it's bipartisan, there are things you love and there are things you had to swallow. What do you love and what did you have to swallow that you would have preferred not to?

SPEAKER_01 3:03

You know what I love about this bill is that it's I love how government works.

SPEAKER_03 3:10

And I know that we're we're here about talking about this, you know, how it's like, hey, I scratch your back, you can sneak this. And I don't exact necessarily like that, how that that all that works, you know. Um I don't know. What's your feeling on that, Jay?

SPEAKER_04 3:24

Well, I the I think the main takeaway I got so far is it's 89 to 10 it passed the Senate, which is crazy. Um, nothing is getting through the Senate at 89 to 10. So you have both sides voting to try to do something with housing for the first time since 1990. Uh, was it 36 years? So that's pretty incredible. Um, the key point of this bill that I cared about is coming up still. She has not talked about the main thing I'm that I'm caring about. Um, so we'll get to that part.

SPEAKER_03 3:51

But I I guess the biggest thing is they're actually getting along, they're actually talking. That's probably the best thing ever, right? Because that whether you swing left, you swing right, uh, and you're an investor, we want we need more housing. That helps us out too, right?

SPEAKER_04 4:05

Well, the other thing that you usually don't hear a democratic um politician talking about making building housing and building things easier. Democrats traditionally have been the ones that have put in more regulations and made things harder. So, and she's a democrat. So, this is a really good thing that she's she's out there saying we need to make it easier to build houses. Like, wow, cool. That's really good to hear. So let's let's roll it some more.

SPEAKER_01 4:28

It's very positive, it's got lots of creative ideas. Lisa Blunt Rochester got a piece in here that said, How about if we have something available in the way of plan books so that cities can say in advance that if you'll follow the basic structural plans here, you don't have to spend any time waiting for your permits. Your permits will be automatic, and that helps bring down cost. It's got a provision in it that says we're gonna cut the red tape around environmental approvals when you're doing infill housing.

SPEAKER_04 5:02

That means housing because I can't believe they're actually gonna let that go, especially on the Democrat, because they really well she is uh I mean, she is a that's why it's crazy that we're hearing this from Elizabeth Warren. She's a staunch Democrat environmentalist type person. So um if she's on board with this stuff, that's really promising. Um, one so one of the things in this bill she talked about was this um automatic approval thing, which is huge. So it means like you're you don't have to wait around for city council to sign off on the to meet and vote and sign off and inspectors, like you could just go. If they've pre-approved you know, this land for certain use, you could just go. That'll be huge because it really does slow things down, especially in some states. It gets really slow getting approvals.

SPEAKER_03 5:43

Well, I'm wondering if that's getting approvals in any like bigger like cities, you know. I'll I'll we'll talk about it a little bit. I'm sure it's gonna come up, you know, um the way Minneapolis and St. Paul handle investors compared to handing homeowners, right? It's a different different thing.

SPEAKER_04 5:58

Yeah, and I think the key with this is like how much control does the federal government have over what local cities and states do. That's a little unclear still, but let's go ahead and roll this some more. Okay.

SPEAKER_01 6:21

Right now, we're watching people who try to buy their first home, they put everything together, and then in swoops, an investor from Wall Street makes an all-cash offer and ends up buying the house. And what's your thought on that, Jane?

SPEAKER_04 6:38

That's the that's the key of this whole video, right there. Was that so the the thing there's a lot of things in this bill, but the one that stood out to me was uh any companies that own over 350 single-family houses in the country um cannot buy more. They're there's a they're freeze on them buying any more houses. They're not going to be forced to sell the houses, but they can't buy any more. And I think that that's pretty much got universal support across the across the spectrum of Republicans and Democrats. Oh, we dropped you off there for a second, James.

SPEAKER_03 7:08

Yeah, I can still hear you. I just end up my internet went out. Oh, okay.

SPEAKER_04 7:12

I'm just saying, I think that um, I mean, I think that's a great idea, and I think everybody that I've heard from, I don't I can't think of anybody that thinks it's a bad idea to prevent huge companies from buying single-family houses. Um, probably the only people think it's a bad idea to prevent that are the big companies that buy single-family houses.

SPEAKER_03 7:27

So I I think we've seen what big companies, big corporate does to some of that stuff. You know, they can destroy markets. I mean, if you destroy markets, you destroy products. I mean, if I mean there's talking about anything, you know, that it's something that's small, it's running great, and then they try to make it big, and it just doesn't take yeah.

SPEAKER_04 7:44

So the um this does not affect mom and pop landlords, which are really the majority of rental properties in the country are mom and pop landlords. Uh it's over 90%. So it's really is it still that many?

SPEAKER_03 7:56

It's it is, yeah. Okay, I would have thought it would have been the other way around.

SPEAKER_04 8:00

No, the corporate the corporations don't actually there's a percentage of total housing stock, they don't actually own that much. Okay, it's just a couple percent, I think. But there are certain areas in the country where they focus their energy, and in those specific areas they can really dominate a market. So when they come into like Atlanta, certain areas of Atlanta or Jackson and Florida or whatever, they could totally mess up the market.

SPEAKER_03 8:19

Yeah.

SPEAKER_04 8:20

Yeah. So I don't think it's a good thing, and like it's you know hold on, you're saying that it's a good thing that they're not letting the bill would say in the Yeah, I'm saying I don't think it's a good thing for these huge companies to be able to come in and just um like mess up markets where people like are trying to buy a house to live in, you know.

SPEAKER_03 8:35

Yeah.

SPEAKER_04 8:36

Um, so I'm really I'm that's the biggest thing. I'm I'm happy they're doing that.

SPEAKER_03 8:39

I think they could shoot themselves in the foot if they come in and do something like that, and they buy a neighborhood.

SPEAKER_04 8:44

Well, that's that's why this is happening is because they shot themselves in the foot.

SPEAKER_03 8:48

Right, the the right, because like the industry uh in the area that employs everybody can't, you know, fit for a house, you know, for for that the house going up, so it has to stay low. Otherwise, they're not gonna put anybody in it. Yeah, it's it's they're they're kind of screwing themselves over sometimes.

SPEAKER_04 9:06

They try to come in and and take take out the inventory and drive up prices and drive up rents, and um yeah, and it sucks. So I'm glad that's stopping. And I think probably a lot of these companies, you know, you might see somebody's companies start to sell off some of their inventory because they can't buy anymore. You know, it's not really a a business that can grow any further now, because they're not gonna be allowed to. So that's pretty huge. And it hasn't I have not heard about this from anybody, it has not been on the like the big national news. I mean, I haven't I had to like come across this on YouTube, so I'm kind of shocked this isn't being talked about more. It's a big deal. Yeah, cool. Keeper playing.

SPEAKER_01 9:41

We're gonna put some real curbs because we believe that housing should be for families, not for corporations. A lot to love here.

SPEAKER_02 9:50

What is the White House disposition about this bill? I keep reading different things. The president likes that provision you just mentioned about private equity, but there's also reporting I've seen this week that the White House no longer considers it a priority.

SPEAKER_01 10:03

Well, all I can say is we've worked very closely with the White House. They have signed off on the bill as written and put out a written statement of enthusiastic support for this bill. So this really is a case. Democrats are on it, Republicans are on it, and the White House is on it. We ought to get this bill done.

SPEAKER_02 10:26

Let me ask you about the Iran War. We can end it there.

SPEAKER_03 10:30

Don't you want to know about the Iran war?

SPEAKER_04 10:35

I hope they get it done. I mean, Trump is a big supporter of getting a housing bill like this passed, and he Trump's a real estate guy, you know, billionaire real estate guy. And he was very opposed to these private equity companies buying up a bunch of single family houses. So you got Trump on the right side saying that, you got Elizabeth Warren on the far left side saying that. It's like where's the supporters of this like who's supporting this activity? Like, really nobody. Um, so it's apparently been a pretty easy thing to pass a law against it, which is good.

SPEAKER_03 11:07

Right, but see, I still think it's gonna come down to like we were kind of mentioned a little bit earlier, to the um to the cities.

SPEAKER_04 11:14

Because the well, as far as the building goes, but as far as this private equity stuff, this is uh it's a national law that's gonna be enforced through SEC or FTC, one of the two. It's gonna have some teeth in it, and they're gonna be able to make sure that these companies stop.

SPEAKER_03 11:28

I'm sorry, don't get me wrong. I I love that. I also know that um, and I don't know if you know this, but there are so many different grants to get people up into rural Minnesota. I was talking to my contact in St. Paul, and she's like, James, there are you know, I'm just gonna give you an example. Um, there was a house that I sold in St. Paul for$320,000. They got$70,000 worth of grants they didn't have to pay back. Wow to get them into that to buy the house in St. Paul. Exactly. And they were able to use two different programs that they're and two different, like a down payment assistant, and uh basically there's another assistance that gives you money to repair a few things, um, but they're doing the same thing for the rural area and no one knows about it.

SPEAKER_04 12:14

Yeah, interesting. I know rural areas you can get USDA loans too that are uh like zero percent down, I think.

SPEAKER_03 12:20

But this is the Minnesota like what she's talking about, it's like housing, you know what because I think what they're finally thinking is you know, I I realize everybody lives in the city, but let's see if there's other there's more room out in the outskirts, right? Let's let's start understanding that because there's even programs that they're they have that she was explaining to me where somebody has 10 acres and all of a sudden it's kind of skipping the the the BS and getting permits and uh putting like um tiny houses on it, but giving everybody an acre and building a community. They want you to see they want to see you do that, yeah, because they know that they need housing and they're they're basically opening it up to to think outside the box.

SPEAKER_04 13:00

Yeah, I'm really hopeful that this will really have an impact on the housing situation in America. So it's pretty exciting that they're actually starting to do something about it. Um our politicians appear to be maybe accomplishing something. That'd be pretty cool if that happened.

SPEAKER_03 13:15

Yeah, yeah, that would be uh that would be pretty cool. All right, guys. Um, hey, thanks for listening to that. Uh we're Jaden and I really do enjoy doing these uh reaction videos. Um, if you like them, please uh subscribe. Um if you ever want to you know meet with Jaden and I chit chat, talk about whatever, um look on our calendar, um, look on down on the um in the box and yeah, just reach out to us. Reach out to us. You know, we we are very likable people, believe it or not. I don't know if you know that or not. Let's go a little too far. Right? So, but hey guys, thanks for for listening to us and just remember we made the mistakes. So you don't have to. Thanks, guys.