Now that Barack Obama will soon take up residence at the White House, presidential prognostication can turn in a different direction. Specifically, what impact will the new Democratic leadership have on commercial real estate in Florida?
Speculation on the subject was under way well before Tuesday night’s election returns became clear, even in spite of our fair state’s efforts to muck things up again (it’s practically tradition by now). One CRE executive from South Florida tells me he thinks the investment market will “freeze in its footsteps” until Obama fully discloses his formula for capital gains taxation.
So, what’s your take on the Obama Administration’s effect on CRE?
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