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How the presidential election affects the real estate market


By Patrick   Follow   Thu, 1 Nov 2012, 3:07pm PDT   886 views   9 comments
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http://www.washingtonpost.com/realestate/how-the-presidential-election-affects-the-real-estate-market/2012/08/30/ccefd218-e585-11e1-8741-940e3f6dbf48_story.html?source=Patrick.net

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.

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toothfairy   Thu, 1 Nov 2012, 3:56pm PDT   Share   Quote   Permalink   Like (3)   Dislike (1)     Comment 1

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.

bmwman91   Thu, 1 Nov 2012, 4:31pm PDT   Share   Quote   Permalink   Like (3)   Dislike     Comment 2

How is "better" being defined? Higher prices?

pdh   Thu, 1 Nov 2012, 4:32pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 3

toothfairy says

I think Romney would be better for housing. Mainly because the stock market would boom.

That would certainly go against history.

toothfairy   Thu, 1 Nov 2012, 6:24pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 4

Lol, yeah by better I meaning prices going up not down.

CaptainShuddup   Thu, 1 Nov 2012, 11:03pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 5

pdh says

That would certainly go against history.

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.

BobMSN   Fri, 2 Nov 2012, 12:31am PDT   Share   Quote   Permalink   Like (3)   Dislike     Comment 6

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”.

zzyzzx   Fri, 2 Nov 2012, 12:33am PDT   Share   Quote   Permalink   Like   Dislike     Comment 7

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.

Goran_K   Fri, 2 Nov 2012, 12:42am PDT   Share   Quote   Permalink   Like   Dislike     Comment 8

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.

Goran_K   Fri, 2 Nov 2012, 12:43am PDT   Share   Quote   Permalink   Like   Dislike     Comment 9

btw Patrick, I think something is broken in the code. Can't edit my own comments.

Patrick is moderator of this thread.

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