Tariffs
Started by anonymous
about 2 months ago
Discussion about
'/%3e%3c/g%3e%3c/svg%3e)
My feeling, this is a long term policy designed to finance government operations, as a funding source to replace further dwindling federal taxes. I think it's why he doesn't like VAT, because they are upfront about its purpose.
It's working.
@stache - So this is his way of introducing a VAT without calling it that. Interesting - and quite possible.
That's his hope but I think he's going to have to shave down this idea.
I think so too. He'll do that and claim victory. I can't imagine this is great for NYC real estate prices.
Actually, we're busy. Mortgage rates came down a little, maybe b/c of tarriffs, and bonuses were good, and the weather's been relatively nice, today notwithstanding.
Mercifully for RE prices in the mid/upper tier, Wall St bonuses have mostly all been paid out (some European / Far East banks pay later). But everybody else that has the option to stay put may will hunker down and hold on to see how much more of their nest egg is wiped out by the market rout and price increases caused by the tariffs.
But, the lawsuits claiming that they're unconstitutional have been filed...
https://www.bloomberg.com/opinion/newsletters/2025-04-07/tariffs-are-for-emergencies?srnd=homepage-americas
>>> I can't imagine this is great for NYC real estate prices.
Not great for the working folks in NYC that are facing job insecurity and savings/investments wiped out.
But with dollar crashing, foreign buyers might be feeling better.
Real assets like real estate should be a good place for cash. Real Estate prices in New York could go even higher especially if developers scale down their projects due to high prices due to tariffs . Then inventory could get even tighter.
The rental market is poised to go higher.
As far as interest rates go, they are higher today.
I read in the Financial Times yesterday that this time the next depression which we may very well experience will be far worse than the one in the 1930’s. To think that Trump has any reasonable argument for these tariffs other than to destroy the US economy is folly.
less demand; reduction of foreign demand
higher costs to build
less new supply
and rental prices higher
I can’t see how these on/off tariffs and the turmoil they are causing helping the real estate market, especially since mortgage rates remain pretty high. And I don’t think it will help entice foreign buyers to invest in US real estate. The US dollar will not weaken as much as people think. If my recent discussions with my friends and family back in Canada are any indication, they made it clear they want nothing to do with the US. I’m pretty sure many in Europe, Asia, etc…feel the same way.
Not a subscriber so only got the headline but Crain's reported international flights to JFK were down 30%? 35% - something worrisome
Trump had to reverse course on tariffs as a market failure was imminent; bond prices were declining along with stock prices. Fed intervention was a certainty. Even the billionaires got scared.
Bonds are supposed to be a safe haven. Now this is not a certainty thanks to Trump which means economic decline for the US.
If this keeps up the only foreign buyers interested will be Russian. All part of some master plan, no doubt