Whether you prefer President Obama or Republican nominee Mitt Romney, theres no denying that the next presidents economic policies will be a key driver of the health of real estate for the next four years, not to mention the price of a mortgage.
How the presidential election affects the real estate market
By Patrick Follow Thu, 1 Nov 2012, 10:07pm 677 views 9 comments
In Menlo Park CA 94025
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Oakland, CA
I think Romney would be better for housing. Mainly because the stock market would boom. There would be a lot of money coming off the sidelines.
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Mountain View, CA
bmwman91's website
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How is "better" being defined? Higher prices?
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Durham, NC
toothfairy says
That would certainly go against history.
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Oakland, CA
Lol, yeah by better I meaning prices going up not down.
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pdh says
Sooooo you're saying Romney was President before, BUT the stock and the housing market didn't fare well on his watch?
No see, you're confusing him for the other the guy. I know they look a like, talk a like and Obama likes to still Romney's Ideas then claim them as his own. But one has a Red tie and is White and the other fella has a blue tie and is Black. Glad I could clear that up for you, so you don't go around sounding like a complete Jackass.
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Under President Obama, there is no real “real estate market”. The government will pick up the winners and losers as long as the big government can grow.
The bank has no interest to liquidate the shadow inventory because the free money from Fed.
The squatters will stay as long as possible by exhausting all means, like principle reduction, loaner modification, etc.
The investors will stay on the side lines because there is no clear prediction that how and when they will be wiped out by the government again.
The hard working families will not be able to buy a home they can afford because the bank and government subsidized home “owner” have no interest to sell.
People’s life would be further controlled by the big government through control of “real estate market”.
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Baltimore, MD
Actually I expect the stock market to go up after the election no matter who wins. The market hates uncertainty. I do expect it to go up more if Romney wins.
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Laguna Beach, CA
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Is there even a housing market? Orange County as a whole is going towards a month to LESS than a month of inventory. What we have is grid locked, demand destruction, no inventory, and no foreclosures happenings supposedly because of MERS.
The housing "market" is disappearing.
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btw Patrick, I think something is broken in the code. Can't edit my own comments.