What do the real estate markets and Democrats´ prospects for theNovember elections have in common? Well it´s not healthcare eventhough Republicans will tell you Democrat Congressional majoritiesare at stake over the monumental legislation which just passed. ByNovember, healthcare will be almost beside the point for theelection. What will be key is the state of the economy and the jobsoutlook. If recent stimulus injected economic growth hasn´tresulted in some jobs gains and improved voter confidence in thefuture for the country, the Democrats will lose ground-the moreuncertainty the higher the Democrat losses. It´s as simple asthat.
For real estate, markets desperately need an improved jobspicture to start to improve occupancies across flagging propertysectors and increase consumer spending in stores. The Novemberelections all come down to the economic track and speed ofrecovery. High unemployment spells trouble for real estate ownersjust as it does for incumbent politicians-that´s why Democratsappear especially vulnerable and real estate investors andborrowers continue to struggle through this protracted downturn andso far pseudo rebound.
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