Investor · Indianapolis, IN · Member since 2016 · 221 posts · 134 votes
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?
Rental Property Investor · Rockford, IL · Member since 2014 · 4k+ posts · 2k+ votes
9y
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!
Investor · Austin, TX · Member since 2013 · 933 posts · 1k+ votes
9y
We don't see any meaningful changes to our business model of value add acquisitions and re-positioning of large apt communities.
1 ) Regulatory changes that impact RE ownership or advantages don't seem likely w a billionaire REI mogul in white house.
2) Trump's platform seems focused on getting blue collar jobs back in U.S., increases in min wage laws more favor our apt resident base.
3) We are watching it rates more w talks of fiscal stimulus but it's more of a wait n see.
We continue to focus on the fundametals. Great markets like Dallas, jobs, pop moving in; solid value plays w conservative accounting, assumptions and leveraging experienced team that's been through full spectrum of the economic cycle.
Investor · Indianapolis, IN · Member since 2016 · 221 posts · 134 votes
9y
@Kurt K. Thanks! That's article pretty much summed up what I was asking. Didn't mean to stir up the political debate pot...but I should have known better.
Investor · Thermopolis, WY · Member since 2012 · 4k+ posts · 4k+ votes
9y
In my state the election may actually save a lot of struggling coal companies. Some of out largest coal producers had filed bankruptcy, and even in small Wyoming towns like Gillette we had layoffs of over 500 people by just one company in just one round of layoffs.
These were very high paying jobs and nearly every worker owned his own home. There are many other towns with similar problems. No telling how it will come out in the long run, but this election will save the jobs of thousands of workers in my state just by removing some executive orders and reigning in some EPA rules recently adopted that make coal fired powered plants go out of business.