Perspective on the US Election with George Ross
In this episode of The Real Estate Espresso Podcast, host Victor Menasce talks with guest George Ross about the impact of the US political climate on real estate development. George Ross, having worked closely with Donald Trump for approximately 47 years, shares his unique perspective on the upcoming US elections and their implications for the real estate market.
The Politics of US Real Estate
The conversation initially dwells on the unpredictability of the current election cycle, with Ross noting how Trump went from being considered a landslide winner to facing uncertain chances. This uncertainty stems from a multiplicity of unknown influences that will play out in the lead up to the election.
The discussion swiftly transitions to the political pugilists, Trump and Kamala Harris. Ross observes Trump’s enduring qualities as a formidable individual, despite significant opposition. On the other hand, Harris’ limited political experience is acknowledged, inferring risks and uncertainties that could come with her rise to power. Despite his flaws, Ross refutes that Trump’s campaign simultaneously acts as his greatest asset and liability.
Trump’s Motivation
Ross evaluates Trump’s motivation for seeking re-election, identifying his inherent warrior spirit and love for the country. According to Ross, Trump views himself as a major factor in reimagining the consequences of world events over the next few years, despite the criticisms over his leadership style.
The Role of the Public
The focus shifts to the public’s role in the upcoming election, especially considering the controversy that has surrounded Trump, and whether the barrage of criticisms will appear as pluses or minuses in the eyes of the electorate. Ross expresses his belief that all thickly laid allegations will solidify Trump’s base, given he displays a strong and resolute character.
Their conversation moves further down the line of political speculation with Ross expressing his views on the legitimacy of the last election, citing the late swing states, which he believes to have manipulated the final outcome. This political conjecture gradually steers the conversation towards how the electoral system possibly needs a revamp.
The Future of US Real Estate
Menasce highlights the real-world implications of the election outcomes on his real estate projects, notably an upcoming gas project along the Gulf Coast. He discusses the potential repercussions of the policy stance likely to be adopted by Trump or Harris on his project and the broader environment of real estate investments.
Conclusion of the Episode
Summing up the conversation, Ross places his confidence in Menasce’s future Canadian real estate endeavors in stark contrast to the shaky political ground of US investing. Citing lower residential vacancy rates and a comparatively stable government, Ross believes in the potential for significant growth for real estate investors in Canada. The episode concludes with an insightful discussion on the relevance of political occurrences on the dynamic world of real estate from the lens of experience and expertise.
