Back HomeThe Trump Effect
Donald Trump: Entrepreneur, Real Estate Mogul. Presidential Candidate? He has a strong background in leadership, but leadership in politics? Many argue that The United States cannot be run the same as a business. However, the US Government is a public entity; and that end goal is to provide what is best for its American Citizens. “He campaigns as a Republican, vowing to create jobs and economic growth, slash taxes and government bureaucracy and put an end to illegal immigration and terrorism” (1).
Charles Gasparino of the NY Post writes that often in American politics, “voters often take chances when times get rough by electing candidates who challenge the status quo” (2). It seems that when campaign season comes around, there are monumental events (ie 9/11) that change the course of politics and the way that voters behave when they reach the polls. In 2008, when Obama was elected president, he represented a “alternative” way of thinking. In 2016 Trump could be categorized as that same type of candidate that changes and disrupts the status quo.
In an interview with Konrad Putzier of The Real Deal, Faith Hope Consolo of Douglas Elliman Real Estate states that “We need someone who can run the country like they run their business… if he’s the Republican candidate, I do [plan to vote for him]. He stands for a lot of the great American principles that I believe in” (1). That is what most people want: someone who stands for their beliefs, someone with principals.
If Americans prioritize more jobs, this will further improve the unemployment rate. To date, Trump has created more than 34,000 jobs and would be able to spot the gaps in the economy to perform that on a larger scale. [In his development business alone, he has created 22,450 positions, but the state of New York says that “leisure and hospitality” companies like Trump’s typically have a 1.5 multiplier effect” (3).] In real estate alone, Trump has been responsible for over 250 developments and counting. Developments boost the economy by providing infrastructure, business flow through funds and loans, and (most importantly) jobs for the American people.
Trump is a household name associated with the real estate industry, more specifically the New York City real estate industry. When leaders are put in such high political positions, attention is drawn to the tied industry. “While the industry may be politically conservative, New York is still a liberal town” (1). With real estate in Manhattan on the cusp of an appearing bubble, fellow real estate influencers look to Trump for guidance, wisdom and stability in the upcoming election. Putzier mentions “Meister [real estate attourney and Trump supporter] said he senses a “softening in the anti-Trump sentiment” among real estate players” (1).
Both Democrats and Republicans can agree that Trump has no problem expressing his strong opinions and political stances. Gasparino writes that “admirably to many Americans (myself included), Trump speaks his mind, uninhibited by left-wing political correctness” (2). The next couple of months will be a determining time for the American people as well as the real estate market.
(1) The Real Deal
(2) NY Post
(3) CNN Money
