The politics of the moment can greatly effect the value of our real estate.
Prosperity of an area determines the wealth of everyone involved. When the community is doing good the public in general is doing well also. This optimism attracts people from other areas to relocate to this area. This in turn creates demand for the real estate involved. Upward pressure causes values to rise and everyone is happy!
We owe much of our success to the political climate that exists. Positive policies that encourage growth, jobs and prosperity are good for everyone. Policies that restrict and impede economic development is bad for everyone involved.
Sounds easy doesn't it. Do one and avoid the other. If only it was this black and white!
Politicians have the precarious task of trying to keep everyone happy. Keeping everyone satisfied and the economy moving forward at the same time is not easy.
When things come together and all of us in general experience the good from policies implemented, it is a wonderful thing!
A politician's job is not an easy one!
When they get it right it is a beautiful thing! The result being prosperity, wealth and growth for all involved. Real estate is one sign of growth.