THE OWNER’S REALITY Voucher inflation and regulatory layering are creating a bifurcated housing market. Older, voucher-heavy Class B and C properties carry rising political and regulatory risk, while newly built, lightly regulated assets attract the bulk of private capital. Ironically, the housing stock most in need of reinvestment is becoming the hardest to invest in.
Housing vouchers are not inherently flawed, but when policy drives rents above market logic, owners accumulate invisible risk. The future favors those who anticipate policy, navigate regulation, and invest strategically. Those who do not may find their “stable” assets anything but.
MITCH SPEIGLE Managing Director of Investments Relevant Partners
Mitch Speigle is the Managing Director of Investments at Relevant Partners, an LA-based real estate development firm. Additionally, he is the Chair of Government Affairs for the San Mateo County Association of Realtors, where he works to shape land use and housing policy alongside state and local representatives. His advocacy continues as the Chair of the San Mateo Elks Veterans Commission, a non-profit that has furnished over 500 homes for previously homeless Veterans and donated $150,000+ to Veteran’s causes. He is a two-time winner of the SAMCAR Gov’t Affairs Champion of the Year, and the 2024 San Mateo County Veterans Committee Enterprise of the Year.
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