Do we have a good one for you today! As election season (FINALLY) draws to a close and we transition into the new Biden administration,  we're seeing a lot of new and proposed legislation being discussed on Capitol Hill. We're a real estate podcast, so please save your political rantings for people who spend more time talking about that. However, we do have to address initiatives when they potentially impact the industry we hold in such high regard. One such initiative in talks at the moment is President Biden's plan to provide Americans with $15,000 in tax credit to be used to purchase homes. On the surface, this appears to be a great thing. Millions of Americans are going through a period of uncertainty in regards to their living situations, so any suggested plans to help soothe their concerns should be welcomed. But we've just come off one of the most unprecedented years of market volatility that we've ever seen, and the results of these shifts are still playing out in real-time. Mortgage rates and inventory are at historical lows, leading to soaring real estate prices. Consumers with even more buying power and fewer homes to choose from are only going to continue to push the market upward, and we all know what goes up must eventually come down. Upon closer inspection, the implications of this plan forecast continued inflation and financial inequity between people still struggling to recover from the effects of the pandemic to those that saw their holdings increase to previously unseen levels during the same period of time. I don't want to give too much away in this description, but I suggest you listen all the way through so you can begin to form your own opinions of how this plan might impact the country going forward.Mentioned in today's episode:Launch ControlForeclosure.comGoHighLevelHere's a link to the article Donny discussed in today's episode:Potential Impact Of Biden's $15,000 Homebuyer Tax CreditWant to get started?Join the Foreclosure Deals Coach In? Master Foreclosure Investment with DonnyLearn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.? Enroll Now? Unlock Your Foreclosure Potential with DonnyReady to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.? Schedule Your Call Now? Join the Foreclosure ExpertsStep into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.? Facebook Group? The Ultimate Foreclosure HubEquip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.? Official Website? Network with Donny Coram, The Foreclosure Deals CoachForge connections, share your journey, or simply drop a hello!? LinkedIn? InstagramNote: Some links may be affiliate. Your support keeps us creating quality content.