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Commodities up big-no new buildings

Started by steveF
over 9 years ago
Posts: 2319
Member since: Mar 2008
Discussion about
With Trump grandiose infrastructure plans, and you know him he does not care about expense just how it looks, builders must be freaking out. Going to cost a fortune to build a building now competing against the new bridges, highways, parks etc. using up all the copper, steel, labor out there.
Response by 30yrs_RE_20_in_REO
over 9 years ago
Posts: 9882
Member since: Mar 2009

By the time any of these new infrastructure projects actually hit the construction phase the real Estate Market will be in the toilet and construction will be at a standstill. Everyone in construction will be looking for work and supplies will be cheap.

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Response by 300_mercer
over 9 years ago
Posts: 10583
Member since: Feb 2007

Steve, Nyc has plenty of supply scheduled already. No new construction plans is great for real estate in NYC. Bank stocks are doing better. If that continues, demand will be better.

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