On The Market

Property taxes: banned. 

There are now more than a dozen states across the country seeking to limit, reduce, or outright eliminate property taxes—and the support behind the efforts is growing. As property taxes explode across the U.S., homeowners are facing an average 30% increase, curbing affordability efforts. As a result, Florida, North Dakota, Indiana, Texas, and other states are considering banning or heavily restricting property taxes.

Today, we’re getting into the Great Property Tax Revolt of 2026.

There are five types of property tax bills being proposed: assessment limitations, levy caps, homestead exemptions, credits and reductions, and tax swaps. These new property tax proposals could save homeowners thousands of dollars per year, but the side effects on local government budgets could be substantial. If we don’t have property taxes funding local services, what will?

We’ll get into all of it and the top states’ proposals for eliminating or limiting property taxes. One often-overlooked state is funding its property tax elimination without any extra cost to homeowners. How will it work? And if primary homeowners get property tax breaks, will investors have to fill in the gaps with higher taxes? This is what could happen next. 

In This Episode We Cover

Two states that could soon completely eliminate property taxes for primary residences 

The downside of lower (or no) property taxes: will other taxes jump as a result?

What could happen to property values if your state decides to eliminate property taxes

How property tax bans will affect real estate investors (will your tax bill go up or down?)

Why property taxes have exploded 30% (and whether new assessments could push them higher) 

States with the highest (and lowest) property tax rates in 2026 

And So Much More!

Links from the Show

⁠Join the Future of Real Estate Investing with Fundrise⁠

⁠Join BiggerPockets for FREE⁠

⁠Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets⁠

⁠Sign Up for the On the Market Newsletter⁠

⁠Property Manager Finder⁠

On the Market 404 - 75,000 “Relistings” Could Hit the Market, But Inventory WON’T Explode? w/Mike Simonsen

Federal Reserve Bank of Minneapolis: How higher property taxes increase home affordability

Stories from Today’s Show:

⁠Dave's BiggerPockets Profile⁠

⁠Grab Dave’s Book, "Start with Strategy"

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The housing market is locked up once again before the most important time of the year—the spring homebuying season. With interest rates flying back up to the mid-6% range and inflation anxiety rearing back, Americans are once again stuck. And it’s not just first-time homebuyers; accidental landlords are hitting a new high as homes get even harder to sell.

So, is the spring homebuying season… canceled?

We’re back with this week’s headlines. First, we’ll start with the new job numbers—a massive increase over a very negative February. This is good news for the economy, but strong headwinds are hitting at the same time—rising mortgage rates, rising gas prices, and reignited inflation risks. It could be enough to throw off the traditionally strong spring homebuying season altogether.

Accidental landlords are forming fast as they turn their flips, former primary residences, or inherited homes into rental properties. If you’re thinking about doing this—stop. James has strong cautionary advice for anyone about to become a first-time landlord. 

Finally, everyone is talking about data centers—do we invest in them or curb their construction? Here’s why Dave, Kathy, and James are very cautious about them.

In This Episode We Cover

New jobs report numbers and the strong bounce back from February 2026

Will oil prices flip us back to high inflation? What this means for mortgage rates

Real-time trends on homebuyers and what we’re seeing in the market

Why James says many people should not become accidental landlords and sell at a loss instead

Are data centers really worth the hype? Why we’re not investing in them (yet), even with the growth of AI

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join BiggerPockets for FREE

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

Sign Up for the On the Market Newsletter

Property Manager Finder

Stories from Today’s Show:

Dave's BiggerPockets Profile

James' BiggerPockets Profile

Kathy's BiggerPockets Profile

Grab Dave’s Book, "Start with Strategy"

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Inflation is rising again, and everywhere on social media, we’re hearing people say, “Buy real estate!” Property is supposed to be the ultimate inflation hedge. The problem? Real estate may not save you from the inflation heading our way. In fact, home prices could get worse if things continue this way. But how?

For decades, we’ve been told that real estate is the ultimate inflation hedge. It’s tracked rising prices very well and has been one of the most championed “safe” assets to buy. But do real estate prices always follow the path of inflation? What happens if consumer prices rise but renters are paid less, a recession hits, nobody can pay their bills, you can’t pay your mortgage, and home prices fall? 

This is a reality that real estate gurus tend not to think through—the other side of inflation. Today, we’re getting into it. Which inflation benefits real estate prices the most? Which of the four possible inflation scenarios could unfold as the world tilts toward uncertainty, and which assets protect your wealth regardless of the inflation rate? 

In This Episode We Cover

Is real estate really a good hedge against inflation? Most people assume incorrectly 

The two types of inflation and how they (oppositely) affect real estate prices 

Four future scenarios we could see if inflation rises, falls, or stays the same 

What’s causing rising inflation right now? An April 2026 inflation update 

The four ways real estate will benefit during a traditionally high-inflation period

And So Much More!

Links from the Show

⁠⁠Join the Future of Real Estate Investing with Fundrise⁠⁠

⁠⁠Join BiggerPockets for FREE⁠⁠

⁠⁠Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets⁠⁠

⁠⁠Sign Up for the On the Market Newsletter⁠⁠

⁠⁠Find Investor-Friendly Lenders⁠⁠

⁠⁠Dave's BiggerPockets Profile⁠⁠

Center for American Progress: Trump Administration Tariffs Could Result in 450,000 Fewer New Homes Through 2030

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This could be the best real estate “buy” of 2026. While mortgage rates are climbing back up and everyone is waiting out the housing market—again—one man is going all in: James Dainard.

If you’ve listened to On the Market for a while, you know James is never not buying—but what he’s buying changes by the week, or even by the day. Last year, James got burned (a bit) on house flipping and new development, but reassessed his almost unbeatable investing framework and is now saying there’s one particular asset class he’s hungry to acquire—and it’s on serious discount.

So today, we’re picking the brain of the man with 1,000+ rental units who’s flipped thousands of homes and knows the market better than any economist, since he’s on the ground buying and selling every single day.

James shares the “best buy” of 2026, the one thing you must account for if you’re flipping or doing any renovation project, the single best rental for small investors to start with (and how to find them on-market at discount), and the one high-return deal he’d do as a new real estate investor.

This is what’s working in real estate right now in 2026. 

In This Episode We Cover

The overlooked (and underpriced) properties James is heavily targeting in 2026 

How to find on-market, discounted rentals perfect for small investors 

The “buyer psychology” changes in the market that flippers must be aware of 

One high-return real estate deal new investors should heavily consider in 2026 

One cost to add to every renovation project to ensure you stay on budget 

And So Much More!

Links from the Show

⁠Join the Future of Real Estate Investing with Fundrise⁠

⁠Join BiggerPockets for FREE⁠

⁠Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets⁠

⁠Sign Up for the On the Market Newsletter⁠

⁠Find Investor-Friendly Lenders⁠

⁠On the Market 410 - The First Domino? Investors Pull Billions as Real Estate Bank Runs Return⁠

⁠Dave's BiggerPockets Profile⁠

BiggerPockets Real Estate 1100 - The Ultimate Underrated Rental Property (for Small Investors) w/Brian Burke 

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A $3 trillion market is beginning to crack. JPMorgan CEO Jamie Dimon has sounded off, saying there are “cockroaches” in the system. Investors are pulling billions of dollars out of the market, and real estate could be affected in a massive way.

This is the private credit crisis explained. 

When big investors go to buy or build, they don’t always take money from a bank; instead, they get loans from the private credit market—lenders who operate outside of the traditional lending apparatus. But over the past four years, commercial real estate has seen values tank, income drop, and demand shrink for everything from office to multifamily and more. And the people who lend their money to private credit are starting to get nervous.

Billions of dollars have already been pulled out of the market, with many investors going on “bank run” style withdrawal sprees. But, this isn’t only a commercial real estate problem—residential real estate could be affected if enough money leaves the systems.

So what happens next? Will real estate prices fall even further as a result? Are we on the brink of a credit crisis mirroring the 2008 subprime bubble? We’re breaking it all down in this episode. 

In This Episode We Cover

Private credit explained: who’s lending the money and what is being leveraged

“Cracks” begin to form, and why investors are pulling billions of dollars out of the system

Riskier commercial real estate debt that could trigger a “debt spiral” of serious proportions

Why residential real estate is not completely safe if commercial real estate starts to fall further

The one thing worrying experts the most about this hidden credit crisis

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Join BiggerPockets for FREE

Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets

Sign Up for the On the Market Newsletter

Find Investor-Friendly Lenders

On the Market 410 - The First Domino? Investors Pull Billions as Real Estate Bank Runs Return

Dave's BiggerPockets Profile

Grab the Book, "Recession-Proof Real Estate Investing"

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