Trump victory...What does this mean for the housing market?

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
9y

should be a good thing unless he cuts section 8 and other social programs that pay for housing.. then those that bought low end housing that depend on these funds could find less renters.

for someone like me building higher end new construction its all about interest rates and jobs.. Trump should stimulate job growth and that is a good thing

time will tell

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  • Jamie Williams
    Tyler, TX · Member since 2016 · 18 posts · 4 votes
    9y

    I would like to know what this means for the housing market as an inspired real estate investor. Should I just continue to focus on my education instead?
    What do you think experieneced REI's?

    1Reply
  • Steve Sapowsky
    OP
    Investor · Granby, MA · Member since 2015 · 70 posts · 15 votes
    9y
    Not only Trump but a Republican controlled Congress as well. I'm not saying it's a bad thing I'm just wondering.
    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    should be a good thing unless he cuts section 8 and other social programs that pay for housing.. then those that bought low end housing that depend on these funds could find less renters.

    for someone like me building higher end new construction its all about interest rates and jobs.. Trump should stimulate job growth and that is a good thing

    time will tell

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    2Reply
  • Marco G.
    Investor · Dallas, TX · Member since 2015 · 446 posts · 197 votes
    9y
    My guess is concern about getting rid of depreciation deductions will be put to rest.
    1Reply
  • Marco G.
    Investor · Dallas, TX · Member since 2015 · 446 posts · 197 votes
    9y
    Same for mortgage interest deduction
    1Reply
  • David Dachtera
    Rental Property Investor · Rockford, IL · Member since 2014 · 4k+ posts · 2k+ votes
    9y

    Well, not being a prophet, I'm guessing that we will go merrily on for the time being.

    We're already seeing the uncertainty resulting from the unknown quantity, but overall, "the rich people" in the legislature aren't about to shoot their own feet, even if they do "change their footwear" significantly.

    My advice for the short term (remainder of Q4 CY1016, first half of Q1 2017) would be to sit back and watch for patterns to develop rather than commit to actions based on pure speculation.

    2Reply
  • Martin Z.
    Glendale, CA · Member since 2013 · 303 posts · 67 votes
    9y

    If he gets rid of Obamacare, isn't the 3.8% obamacare capital gains tax gone too? Seems like he would be protecting his own assets, as a result, the industry may prosper, who knows.

    0Reply
  • Account Closed
    Dordrecht, Zuid Holland · Member since 2016 · 27 posts · 4 votes
    9y

    Rates will have to stay low for some time , otherwise running up the government debt will be way too costly for the Trump administration. And he will have too loan massive amounts of money for his infrastructure plans alone.

    low mortgage rates will keep people interested in buying houses. The only question is how long will it last? And will the middle class be restored in all it's former glory. If that happens all will be good.

    0Reply
  • Ian WalshBusiness Member
    Lender · Philadelphia, PA · Member since 2016 · 2k+ posts · 1k+ votes
    9y

    No one really knows at the moment.  Lots of speculation.

    0Reply
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