Rental Property Investor · Los Angeles, CA · Member since 2019 · 10 posts · 7 votes
Definitely NOT trying to spark any political talk. Just wondering folks’ opinions on what could happen to the market if the president did get impeached. I live in SoCal and am actively looking for a multi-family investment in LA and Long Beach. Obviously it's impossible to time the market, but a looming impeachment feels like a pretty significant event, so I'm really curious how (or if at all) it would affect things.
Not gonna happen...... not in a million years will enough of the GOP turn on their leader... so it will have zero effect......
IF it happened, there would be general chaos in the country for awhile and then the markets would settle back down and move on.....
Do you plan on spending any money if Trump gets impeached? Are you planning on not buying something that you need because he gets impeached?
It has no bearing on my Wallet whatsoever. I’m still gonna need to eat, somewhere to stay, I’m still gonna need to pay for my car & I’m still gonna need a new pair of tires next month.
If you want to know when the market will have its next major decline, follow the medical industry. Money is bleeding into that industry as fast as it was into the RE market pre-2008. And if I may add an outside opinion: my biggest hard money partner has worked for one of the largest medical companies in the world for 20 years and he 100% believes that market will crash in the next decade.
Generally speaking, very few things have a direct affect on the real estate market.
Real estate has historically been a lagging indicator of economic events. So, if you want some indication of what's likely to happen to real estate, the better question to ask (about any particular event) is, "How will it affect the broader economy as a whole?" That, in turn, will give you an indication of if/how real estate might be affected.
I'll let everyone else hypothesize about whether specific political events will impact the broader economy, but don't fall into the trap of thinking that real estate is typically directly affected in a vacuum or that real estate is a leading indicator of any broader economic shifts. It is not.
It won’t affect real estate at all. It’s just political theater & everyone knows how this will play out. The house will impeach and the senate will acquit the president, end of story. What may affect the real estate market is who win the election next year & the potential change to policies.
Never mind the impeachment, watch out for the 2020 elections. Changes in U.S. trade policies may negatively impact Midwest RE prices, uncapping the SALT deduction - boost RE demand in high-tax states at the expense of the rest, proposed legislations aimed at strengthening tenants' rights and depressing rents - dampen REI everywhere.
@Account Closed and @Matt Burr the vote may be next Wednesday actually. It is just a vote to open the topic is my understanding.
Here is what the SEC chairman Jay Clayton stated recently in Senate testimony: "I expect the Commission to consider staff recommendations to amend the accredited investor definition in the near future, including whether the definition should include non-wealth-based ways for individuals to qualify, and more broadly, whether the limitations on who can invest in certain exempt offerings provide an appropriate level of investor protection or pose an undue obstacle to capital formation or investor access to investment opportunities."
I think this is big news, along with all the other things the SEC is doing. The news media can't intellectually grasp business, so most don't report on it.