The outcome of the Presidential election had a major impact on the direction of the country.
Donald Trump’s win has some surprising implications.
And Kamala Harris losing the election had this scary effect on Florida.
Kamala Harris would have been Florida’s best saleswoman
Most of the business world is celebrating the victory of former President Donald Trump over Vice President Kamala Harris in the election.
A Trump Presidency is expected to provide a shot in the arm to the struggling Biden-Harris economy.
BH Group President and founder Isaac Toledano told Fox News Digital that Trump would be a boost for the real estate industry.
“I think that the fact that Donald Trump is our next president and people understand that he is pro-business, his agenda as far as real estate, I think that a lot of the smart money will continue to be invested in real estate,” Toledano said. “This is really good news. I think that the momentum is about to change big time.”
The stock market and Bitcoin soared on the news of Trump’s victory.
“I think that there are more billionaires today than yesterday,” Toledano said. “And I think those people will take some of the chips off the table, will take some of the profit. And if they are smart, they will continue to invest in real estate.”
Toledano thought that Kamala becoming President would have created a boom in Florida by accelerating the number of residents from blue states looking to flee high taxes.
But he thought growth would continue in Florida at a sharp rate.
“I don’t think that there is a concern for the construction industry, materials, or supply,” Toledano stated. “The demand is real. The growth is real. And if someone had a doubt that this boom that we saw in the last four or five years in Florida, is something that would pass, I think everybody is starting to understand that this is real, and I think it’s going to get better and better and stronger and stronger.”
Trump would help the real estate business
The Federal Reserve cut interest rates for the second time which will lower borrowing costs.
More rates could be coming in Trump’s second term which could turbocharge the real estate industry.
“I think that rates will go down fast. I think the Fed will be more aggressive,” Toledano stated. “I think that President Trump’s agenda is clear to everybody… The fact that he had a lot of smart people around him, such as Elon Musk and others, would push him to honor everything that he said. And those people that supported him will make sure that he will honor every step and everything that he promised to deliver.”
The housing market has slowed after mortgage rates hit two-decade highs.
A track record of economic success will have the real estate industry feeling food about Trump’s return to office.
“He’s a developer himself… he’s pushing for more housing,” Toledano said. “[He] and his family are heavily invested in real estate… And I hear that they keep buying and they’re more and more bullish on this market. Putting all those things together sends a clear message that Donald Trump is pro-real estate.”
Donald Trump’s Presidency could serve to create another economic boom.
DeSantis Daily will keep you up-to-date on any new developments in this ongoing story.
