What will happen to real estate with a Democrat in the White House?

With what looks like a recession coming around the bend, I think the real estate market is going to see a lot of problems know matter who is in charge. But we do know who has led us to this.

Jessie Unruh, of California many years ago said ...politicians are interested in three things.  Power, turf, and budget.  If liberals get in, you can almost be sure that they will open up the goverment coffers to the so-called poor and needy, at the expense of us majority tsxpayers to accomplish their need for power, turf, and budget.

Hi Joanne:  In my opinion, I think a Democrat in the White House will be great for the economy, and great for the country.  The current administration has taken a budget surplus it inherited in 2000 and turned it into a multi-trillion deficit.  Just getting back on the pay as you go program will be a great help.  I think the resulting confidence people will have in their government will stimulate the economy.

Interesting that Jim has to use the conservatives' favorite scare word, "liberal", instead of Democrat.

George Bush, a Republican, got narrowly elected by claiming that he was a conservative who would (presumably) balance the budget and be fiscally responsible.  But the Bush budget has created the biggest deficits in history (even without taking the Iraq war into account). 

So much for the Republican claim of fiscal responsibility..

In the long run, regardless of which party wins, things will not change drastically. When all is said and done, both parties gravitate toward middle of the road. The only change that will really occur is Bush will have his mail forwarded to Texas!

Joanne, No one can tell for sure. For now we can all just presume, but it all comes down when the real person has to perform.

Thank You Eric: A reasoned poster in this thread! Let's see. The last Democrat in the White House balanced the federal budget while trimming down the welfare rolls and created a huge federal surplus. George Bush has destroyed the US economy and the economy is going to get worse before it gets better. "I will call OPEC and tell them to open up their spigots." That was GWB when asked about what he would do if oil prices went up. Well, his phone must have been disconnected, because oil is at $100bbl. Oh, and the "war."

George Bush has expanded government more than any Democrat has ever imagined.

We need a Democrat in office to bring fiscal responsibility into fashion.

Now, as far as real estate goes, it has been the banks and Wall Street that have been irresponsible in their lending practices and there should be no bailout. People should not have been buying homes they could not afford and banks should not have been giving such crazy loans, especially for re-fis.  Our local market is quite strong and I suspect that the general economy will help dictate how housing does this quarter.

Scott, thanks for taking a stand on what's the Bush administration has really been about.

One commenter above made a crack about "creating a middle class out of your wallet".  Funny, but Donald Trump and Robert Kiyosaki are writing a book which argues that America needs a middle class to survive and we're in danger of losing ours.  Neither Trump nor Kiyosaki are liberal Democrats.  They're just smart enough to realize this:  A governing president and his party can't merely line the pockets of their wealthy constituents and screw everyone else.  There aren't enough "rich" to drive the entire economy by themselves. 

We need a middle class and George Bush has done more than his share to try to destroy it.

Hi Joanne... and Eric and Scott:  How Cool !  Another reasoned response.  The world has turned around 180 degrees.  Democrats are for fiscal responsibility and a balanced budget.  The GOP can no longer say, without looking even more irresponsible that they presently do, that the Democrats are the spend, spend, spend, Big Government party.  They have proven themselves wrong.  Whew !

Joanne, I can only hope, especially after seeing the Republican debates of last night and tonight, that they will continue to shoot themselves in the foot, and free this country from all their lies and sell-outs.

Health care and taxes - throw the baby out with the bathwater as far as I'm concerned. We need some new systems in place. Dare I say "change?"

...I wonder if George II is listening?  The last i heard he was in Israel...and will probably do a lot of oversea traveling during the next 10 months.

Joanne,

We seem to need a different direction from where we are heading now. If we recall, Democrats left the economy on a pretty decent footing in 2000 and where is it going today? We need people who will actually do something instead of playing politics.

Joanne --

We've lived through a succession of lousy and mediocre presidents in the past several decades and we'll likely survive the next one.

The dems tend to be creative and I personally would not have minded nother 8 years with Bill, so, Billary sounds fine to me.