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Updated over 9 years ago on . Most recent reply

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Samantha Soto
  • Investor
  • Indianapolis, IN
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How will this election affect real estate?

Samantha Soto
  • Investor
  • Indianapolis, IN
Posted

I am reading headlines about the market plunging worldwide due to the likelihood of a Trump win.  What could this mean for real estate?  Is anyone holding off on buying until things settle down a bit?  Any reason to be spooked right now?  

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David Dachtera
  • Rental Property Investor
  • Rockford, IL
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied
Originally posted by @Account Closed:

@Steven Picker You are right jobs will come back from overseas when the unions are out of business. The union is the ones that drove the business out of the USA.

Um, no - it was tax incentives which drove the exporting of jobs. Corporations were told, "put Americans out of work and we'll lower your tax liability". Not sure what they were thinking - if middle class Americans aren't working, how can they continue to be the backbone of the income tax system?

Unions protect blue collar workers. If when you were growing up your family's main bread winner was blue-collar and you did not live in public housing or a carton under an overpass or in a rail yard, thank a union. My Mom died in her own home / bed thanks to my Dad's UAW pension survivor benefit. God knows where she'd have been otherwise - probably with me, which would have been interesting considering I was out of work most of her 98th year.

Unions aren't the ones harming this country or its work force. Get REAL clear on that!

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