Investment Forecast via MHNonline.com

As the dust settles from one of the most contentious elections in recent memory, multifamily professionals are looking ahead to new challenges—ones presented by both politics and market trends. While some are concerned about the level of government involvement in the overall economy, others are hopeful that a new level of bipartisanship can translate into renewed confidence and continued gains for the industry. Joe Greenblatt, CPM and president-elect of the Institute of Real Estate Management (IREM), is less hopeful about the divided government’s ability to work together and believes that new obstacles will continue to arise due to a marked reluctance on the part of elected officials to make tough choices, ones that could ultimately jeopardize their electability.

“I expect continued stalemate,” says Greenblatt. “I don’t know that there exists in this government, in its current and future incarnation, the courage to confront the issues. There’s probably more of an inclination to defer dealing with deficits and chip away at the margins.” Greenblatt adds: “You look at the direction that the incumbent administration is going to carry forward—it’s not going to bode well for the economy.”

Read more...Investment Forecast via MHNonline.com