Joe Biden: Real Estate Implications
Joe Biden’s victory in the 59th US presidential election will likely represent a sharp departure from the current policies of the Trump administration, with an expected focus on climate/clean energy, immigration reform, broadening health care and rebuilding the US economy. This agenda is likely to be supported by higher taxes on corporations and higher income earners, and an unwinding of Trump-era deregulation.
Read the full report, to take a look at what some of the real estate implications might be based on Biden’s stated policy positions prior to the election; policies directly specific to real estate are few.
Investment risks
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The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested. Property and land can be difficult to sell, so investors may not be able to sell such investments when they want to. The value of property is generally a matter of an independent valuer’s opinion and may not be realised.
Important information
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This document is for Professional Clients and Qualified Investors (as specified in the important information); for Institutional Investors only in the United States and Australia; for Accredited/Institutional Investors in Singapore; in New Zealand for wholesale investors (as defined in the Financial Markets Conduct Act); for Professional Investors in Hong Kong; for Qualified Institutional Investors in Japan; for Qualified Professional Investors only in Republic of Korea; for certain specific sovereign wealth funds and/or Qualified Domestic Institutional Investors approved by local regulators only in the People's Republic of China; in Taiwan for Qualified Institutions/Sophisticated Investors; for Qualified Institutional Investors and/or certain specific institutional investors in Thailand; and for certain specific institutional investors in Brunei and Indonesia and for qualified buyers in Philippines for informational purposes only; in Canada, this document is restricted to Accredited Investors as defined under National Instrument 45-106. It is not intended for and should not be distributed to, or relied upon by, the public or retail investors. Please do not redistribute this document. Circulation, disclosure, or dissemination of all or any part of this material to any unauthorized persons is prohibited. By accepting this document, you consent to communicate with us in English, unless you inform us otherwise.
Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice.
