Elections, Grid-lock, Foreclosuregate and the effects on RE

[Jimmy H.]

It seems inevitable that the Republicans take control of the House, and likely gain many seats in the Senate.

This type of situation is called "grid-lock" becuase both parties can essentially keep each other from getting anything accomplished.

It is my understanding that grid-lock is histroically good for equity markets, but I wanted to start a discussion to see what BPers believe the effect will be on the RE market.

You can take into account the potential "foreclosuregate" scandal as well as it seems inevitable. Although IMO if a borrower deaulted and missed payment the bank has the right to foreclose, regardless of if they made paperwork errors - I don't see how that should negate their overall right to foreclose.