The Trump presidency is a hot topic right now, and Eugene commercial real estate investors want to know how his administration’s policies will affect them. In this blogcast, the first of two, René Nelson, a Eugene multifamily real estate expert, shares her insights.
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Patrick: Today, I’m talking with René Nelson, CCIM, a well-known multi-family expert. Right now, many investors are hearing lots of information about what changes or impacts they can expect in the commercial real estate world given the recent election.
René, how will the Trump Presidency affect Eugene Commercial Real Estate?
René Nelson: Well, you know, Patrick, President Trump has mentioned killing 1031 tax deferred exchanges as well as doing away with mortgage interest deduction, and ultimately reforming the tax code. In his mind, he’s going to simplify it and just make it in to a three-tiered system and the market seems to be responding favorably to this news, so far. I think more people are anticipating job growth and opportunities. I know a lot of employers are talking about expanding because they feel that the tax reform is going to be a positive thing for them. Nationally, we are under employed right now, and the more workers that companies can hire, then that gives them the opportunity to expand and grow their business. If Trump does come out with some tax reform and it stimulates the growth for businesses, we’re going to need more workers, at this point. That then, falls into the commercial arena because they’ll be more families that will be out looking to move into apartments, especially the young generation that are coming out of college, probably going to be moving out of Mom’s basement and now want to come in to becoming a renter.
Do you see there some movement on things like regulatory and tax reform?
René Nelson: We do. I think that what we’re going to see is, there’s a lot of businesses that are asking President Trump to consider putting in the tax reform, as well as, opening up more doors for free trade. That helps them grow their businesses and expand. With that, when that free trade is enhanced, that allows businesses then, obviously, to expand, add more workers, and then there’s more job opportunities. I do think that we’re going to see companies that are going to be looking for bold measures on tax reform and the free trade and then that will then trickle down to businesses being willing to expand and add more workers. It just provides for a really healthy economy at this point.
Patrick: Well, thank you René. I know that many of these changes are on our listener’s minds. If you need more information, go to Eugene-Commercial.com or reach out to René at 541-912-6583 and you’ll want to be sure to listen to our next episode where René focuses on the regulatory and tax reforms we may see.
This blogcast is the first of two on this timely subject. Check out part two where René addresses changes she expects in regulations and tax policy.
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