What's In Store For Commercial Real Estate

The Jacksonville Times Union 9/21/12 edition reported comments by senior congressional officials voicing concern that congress is about to adjourn until after the November elections without passing meaningful legislation so direly needed. With our Senate and House unable to agree on anything, probably not even the time of day, how is our government to run effectively with such disharmony? We have a president in office that has gained wide approval ratings, upwards of 47%, yet with disapproval ratings along the same lines, further demonstrating symptoms of a dysfunctional government. It concerns us that if our Congress is unable to enact meaningful legislation, and our president is unable to positively influence our elected officials then sooner or later that void will be filled by someone or a small group of "enlightened" leaders who will make decisions for us, moving perhaps toward a dictatorship of sorts.

The news out of the Middle East continues to spell trouble for U.S. relations in that area, with rioting against the Western nations in general, and the United States in particular. We previously claimed Egypt as our ally, but not any longer with their government being led by the Muslim Brotherhood which clearly has ties to organizations with interests inimical to those of the United States. And Iran, according to some, is close to perfecting a nuclear weapon, and a concern is not that they would launch an attack on the U.S., but that they would give the ingredients for same to a rogue organization. Israel was a close ally, but our President recently spurned an opportunity to meet with their very pro-American leader.

Where does this lead us? What is in store for the many entrepreneurs and real estate investors? Uncertainty rules the day. Most folks are on hold awaiting the outcome of the presidential election, as much is at stake, and a major concern of many is that by and large our voters do not take the time to educate themselves, but are led by the smartest ad, or the person that offers them the most, not who offers the best opportunity for this country to cure it's ills, to right the ship.

Folks, this is a plea for all to read the papers, become informed, investigate the candidates, vote, and do not be led by the brightest smile or a media with a "personal" agenda; check them all out.