Where the CRE Opportunities Are Starting January 20

Joel Ross

Despite the best efforts of the Democrats, the far left, CNN and others, Trump is taking office on January 20, and his entire cabinet will be confirmed. The efforts by all of these people to delegitimize his administration, and to disrupt the smooth functioning of the new administration has been not only disgraceful, but dangerous. Whatever the Russians may have done is nothing compared to what the Clintons and Democrats have done to try to make the new administration dysfunctional. America is the only loser if they had been successful. As it is they have damaged the credibility of democracy and the smooth functioning of the American government. It is a horrible precedent.

However, the Trump administration will be in power on January 20, and it is very clear the entire way Washington functions is going to change. Starting January 20 there will be a massive rollback of many regulations, and an entirely new emphasis on pro business and pro banking  attitudes. This will also flow down to the state and city levels as the Republicans have now gotten control, or at least veto position in the majority of states and many local jurisdictions. We should see a substantial easing of the costly regulations on all levels of operations from the EPA to the Labor Dept. to the Justice Dept. Dodd-Frank will be amended despite the ravings of Elizabeth Warren and her cohort of left wing senators. This will be a battle and the press will put out all sorts of stories about how the big banks crushed little Minnie and all the others they can drag out to make a case against it. Freeing up the banks to lend again will mean reasonable risk will once again be allowed in lending. They will actually make construction loans to local developers even though the leverage levels will be tighter than before the crash.  That is good for all of us. The irresponsible leverage levels and mezzanine debt allowed in the pre-2008 times was stupid and in the end did us all more harm than good.