@Emily Lauren bouldenI third that, if you want to know if it’s tenant friendly (blue) or landlord friendly (red) just look who got that state the the last presidential election.

I would wait to see how things unroll after the US presidential election, and after governments stop sending checks to the unemployed .. it's seldom a good idea to rush things.

I’ve checked out Lake Hopatcong investments & I know for sure that Lake Hopatcong will NOT pull in this kind of money during the very short summer rental season...You may have heard a lot recently in the news about the Southern strategy, it’s a strategy for winning a presidential election.

Does anyone else think that the upcoming presidential election could have drastic consequences on the RE market?

There is a serious possibility of a major change in power in the federal government after this Fall's election, and with this change we are hearing proposals that could almost double Capital Gain’s Tax Rates, eliminate the Step-Up in Basis and remove Section 1031 Exchange…FEA Leadership and GAC are very aware the presumptive Democrat Presidential nominee, Joe Biden, has a tax plan that will eliminate many “tax loopholes.”

However, both my partner and I have stable W2 incomes, and so I think that now is a great time to buy, regardless of COVID, presidential election, economic recession, etc.

Honestly, the only thing at minimum I expect from any president is consistency and smart solutions.

Covid has been a reason to outright cancel rent collection and evictions, thanks to executive order on a federal level as of this past weekend.I do NOT want this thread to turn to politics (Save it for facebook lol), but, and I'll keep this macro, we are looking at a presidential candidate and party who are increasingly villainizing landlords, floating ideas of a 25% "flip tax", and a litany of other legislation and taxation that would seemingly destroy private sector residential real estate for many of us small business owners.I have been contemplating liquidating NY assets based upon this looming potential doom and gloom.

Purchase price: $265,000 Cash invested: $57,000 4B/2Ba & 2B/1Ba 3600 sq ft Duplex in presidential district of Norwood.

The president is a real estate mogul.Between 2008 and 2012, the federal gov't printed about $1.2t.In the last 2 MONTHS the federal gov't has printed about $4.2t.So 3 times as much money as came out over the course of 4 years, in just 2 months.If a crash can be prevented, or mitigated, by government action, that's exactly what will happen.