Why are people waiting till after the election to buy?

[Jeffrey Morel]

I’ve heard some people state that they are waiting till after the elections to invest in property and wondering if it’s a major change whether who wins.

[Nathan Gesner]

This is common during any election. If a new President is elected, it can have a major impact on the economy. I think it's pretty obvious to an objective observer that President Trump would be good for the economy, as he has been for the last 3 1/2 years. Biden as President would be a major crap shoot, particularly with some of the plans Democrats have in place for higher taxes, the energy industry, defund-the-police movement, rent moratoriums, etc. Depending on where you live, Democratic leaders will be hiking taxes to help pay for property damage caused by "peaceful protests" during the last six months and there may be more to come, depending on the outcome of this election.

I don't know if I would wait until after the election, but I would certainly be careful about location of investments.