Search
 

Fiscal Cliff Could be Problematic for CRE

HOUSTON-Sandy Paul, national research director with Transwestern's research affiliate Delta Associates tells GlobeSt.com that sequestration could cause CRE to flounder.

By Amy Wolff Sorter | Updated on October 23, 2012

HOUSTON-On January 1, 2013, there could be problems larger than a hangover headache or queasy stomach. Those problems will involve the so-called “fiscal cliff,” a component of the Budget Control Act of 2011, which launches a mass of spending and tax cuts if Congress does nothing between now and then.

This aspect, known as sequestration, will launch $600 billion cuts in defense spending and $600 billion in domestic spending. And it goes without saying that those spending cuts will have an impact on the economy in the form of higher unemployment and lower GDP. It’ll also have an impact on commercial real estate, which is just starting to recover from the Great Recession and its aftermath.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.