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Risk Abounds -Time To De-risk

Risk is escalating in the world and the likely presidential candidates do not bring hope this will improve.

By Joel Ross | joelross | Updated on May 09, 2016

joel-ross

Although things seem to have calmed down and stabilized, the future is remaining very unclear. Neither of the presidential candidates bodes well for the country or CRE. Although Trump is a real estate developer, he has failed at several of his development projects and his real talent is self promotion. There is zero clarity on any of his policies, and little of what he says can be believed. It is not that he will do things that hurt the industry, but that he has no clear strategies or policy positions that will be good for the country or the economy. Hilary may well be indicted and if elected she will be subject to pressure from Elizabeth Warren and the far left which will mean higher taxes for us and damage to lenders. None of which is good for CRE. It is a matter of the lesser of two terribles and Trump overall is likely better for CRE since he is one of us.

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