President elect? What's it mean to real estate

President elect? What's it mean to real estate

Member since 2019 · 15 posts · 0 votes

What s this going to mean to the industry ? I m scared being new with one rental to buying more in the upside down unknown. Any comments welcome.

0Reply
7 views

Most Popular Reply

Erie, PA · Member since 2018 · 413 posts · 348 votes
5y

If a new president makes you scared, dont invest.  A new one comes along every 4 to 8 years. 

See this reply in the discussion

4 Replies

Jump to latestLatest
  • Erie, PA · Member since 2018 · 413 posts · 348 votes
    5y

    If a new president makes you scared, dont invest.  A new one comes along every 4 to 8 years. 

  • Investor · Clairemont, CA · Member since 2011 · 3k+ posts · 2k+ votes
    5y

    Election results generally have very little impact to investing in any immediate time frame. Looking back over decades you can see the impacts, but those changes result in slight modifications to investment strategy over time. So for the here and now likely nothing to worry about, as policies change re-evaluate then and make the incrimental adjustments needed. 

    P.S. those changes will happen to any investment option, stocks, bonds, real estate ect. policy shifts in any one area create a resultant change in another. So there isn't any investment option that you're somehow completely insulated from political influences.

  • Investor · Columbus, OH · Member since 2017 · 861 posts · 1k+ votes
    5y

    I was reading the Biden transition website, the only thing I really noticed RE-related was they mentioned expanding affordable housing and "reforming opportunity zones to fulfill their promise"... No further details that I could find. 

    • Real Estate Broker · Portland, OR · Member since 2019 · 4k+ posts · 2k+ votes
      5y

      Wharton analyzed Biden's plans to end the 1031 and step-up basis upon death.

      Depends if the Ds can flip the Senate.  If so, then expect the plan for economic growth to mean more and newer taxes.

    Join the conversationCreate a free account to reply, vote on answers and follow this thread.