What Trump’s Victory Means for Real Estate: Markets, Interest Rates, and the Future of Your Investments - 173

Investing with GoodLife | Real Estate News, Investing Tips, & Current Events

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1. Election Day and Voter Turnout (00:01 - 05:10)

• The podcast opens with a discussion about Election Day, highlighting the high voter turnout, which is one of the largest since 1960. There's a focus on the excitement and importance of voting, with a playful exchange between the Rohan and David about their own voting experiences. The conversation touches on the anticipation surrounding election results and the potential for civil unrest, with many concerned about lawsuits and challenges regardless of the outcome.

2. Upcoming Fed Interest Rate Decision (05:10 - 07:00)

• The hosts mention that the U.S. Federal Reserve's decision on interest rates will follow the election, signaling another critical event for the real estate industry. This decision is particularly relevant for those in the investment community as the market braces for potential rate changes.

3. Local Sports and Dodgers' World Series Win (07:00 - 10:00)

• The conversation shifts to the recent World Series win by the Los Angeles Dodgers. Rohan and David reminisce about the Dodgers' unexpected victory over the Yankees in New York, reflecting on the surprising turn of events in Game 5 and the implications of that win for both fans and broadcasters. They also briefly discuss the impact on sports viewership, including ESPN’s ratings.

4. Economic Updates: GDP and Inflation (10:00 - 14:20)

• David move on to the latest economic updates. The U.S. GDP grew at 2.8% in Q3, which was slightly below expectations of 3%. The core Personal Consumption Expenditures (PCE) index, a measure of inflation, dropped from 2.3% to 2.1%, signaling some relief in inflationary pressures. They also discuss job growth in October, which was unexpectedly low at just 12,000 jobs added, far below the expected 106,000. Despite the low job numbers, the unemployment rate remained steady at 4.1%.

5. Real Estate Trends and ULI-PWC Report (14:20 - 17:00)

• The ULI-PWC Emerging Trends in Real Estate report for 2025 is discussed, predicting a rebound in the real estate market. They emphasize the importance of cities like Dallas, which has become a top spot for real estate investment due to its consistent growth and business-friendly environment. Miami, Houston, and Tampa are also seen as strong markets, with Houston gaining attention for its economic diversification away from oil.

6. Asset Class Trends in Real Estate (17:00 - 18:40)

• Rohan and David touch on trends in specific real estate asset classes:
  • Multifamily: Strong demand due to demographic trends, remote work flexibility, and limited single-family housing supply.
  • Industrial: Continued growth driven by logistics, near-shoring, and manufacturing returning to the U.S.
  • Data Centers: High demand due to increased need for power and long-term leases.
  • Senior Housing: Under-supplied, driven by an aging population, especially Baby Boomers.
  • Retail: Physical retail is seeing a rebound, despite challenges like store closures. Some closings present redevelopment opportunities.

7. TGI Fridays Bankruptcy (18:40 - 20:10)

• They discuss the bankruptcy of TGI Fridays, which affects its corporate-owned locations. They explain the impact of long-term, high-cost leases and how the pandemic and shifting consumer behavior have contributed to the struggles of casual dining chains like TGI Fridays, Red Lobster, and Denny’s. The bankruptcy allows these companies to renegotiate their leases and attempt a financial recovery.