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The Cloud of Unknowing

January 13, 2017 | John Salustri

The title of the blog doesn’t refer to any medieval mysticism, but rather to the recent election. We’re in the waiting period now in which we find ourselves after every election of a new president. It’s a wait-and see while we get the lay of the land under a new regime and the president-elect makes his transition from promises to action.

Frankly, putting aside how anyone voted, I can’t remember an election that has caused so much rancor and split opinions. On one score, many of the conversations I’ve had with real estate practitioners have been hopeful, especially when the talk turns to jobs and infrastructure, but on the other hand, while they express professional hope they have also expressed personal distaste. What an odd time!

Unfortunately, the rancor I believe has only just begun. Even with one party dominating, there seems to be no shortage of Congress people vowing to fight any bill that comes their way. So even after the inauguration, the cloud of unknowing will not quickly lift. Get ready for another year of carping, posturing and partisanship in what Robert Benchley referred to as the dignity of democracy.

But where does that leave the industry? The way I see it, this year of change necessitates a stay-the-course approach. Diligence remains the watchword for all industry associations seeking to lobby on behalf of their constituencies.

And so we are left under this cloud of unknowing. The best we can do is watch, hope for the best and prepare as we always do in case things don’t go our way to keep our cases always top of mind for our local and national representatives. There’s a difference, after all, between not knowing and not doing. Keep an eye on the IREM Public Policy page for news about legislative issues that matter to you. You can even sign up to get emails and calls to action.

About the Author
John Salustri is editor-in-chief of Salustri Content Solutions, Inc., a consultancy focused on enhancing the web and print content of clients around the nation. He is a regular contributor to JPM Magazine and a frequent blogger for IREM’s website. Prior to launching SCS, John was founding editor of GlobeSt.com, the industry’s premier real estate news website, where he managed the daily output of 25 international reporters, and prior to that, he was editor of Real Estate Forum Magazine. John is a four-time winner of the National Association of Real Estate Editors’ Award for Excellence in Journalism.

Comments

26 Jan 2017 | vmurray
Commercial, residential and industrial real estate have frequently been a barometer of the health of a nation and the policies of an actively engaged government. The IREM organization and our wonderful publications, conferences and data resources have been instrumental in recounting the trends of the past. These resources have also served (both young and seasoned IREM members) as a bellwether of where the next wave of growth will occur in the future. Although we cannot predict what tomorrow will bring politically, the introduction of our new President Donald Trump, and his focus on economic issues, are intrepid for both the public and private sectors’ wellbeing. It will be interesting to see how the real estate industry will fare under such tight scrutiny of the media and the naysayers of those both inside and outside of the traditional political spectrum of elected officials. Having enjoyed past visits to Capitol Hill, I am optimistic as to how IREM representatives can play an important role in providing a well-informed, balanced perspective. Going forward, input from a diverse group of elected officials and a broad array of businesses and industries should prove fruitful to the myriad of national concerns and a greater choice of possible solutions.
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