Nice analysis. Clearly the two parties have taken different ideology and rhetoric on all things energy and emissions. In such regard they are virtually polar opposites.
The reality comes when we remember America is still a (mostly) free market with strong personal property rights and a private ownership of the development rights for energy. As long as that remains, neither party can really affect our energy supply.
A great read Arjun, I guessed the conclusion as soon as I read the title.
I spent over 20 years involved in Toronto real estate and anyone who lived through that will recall the pattern of federal, provincial and municipal government changes and policy announcements each with the express goal of making housing more affordable, each having zero impact to the market. After our 2017 Fair Housing Act completely failed to have any impact on the market (up or down), I began to realize that what the developers are saying was correct: that the fundamental supply and demand drivers were not being materially affected and so nothing was going to change. I also thought back to conversations with people in China (re: TO real estate), a few times people had remarked that Westerners are so obsessed with the election cycle and various candidates, but they didn't see why because the various administrations came and went quickly and usually had little real impact to fundamentals; I was a little offended at the time, but I came to understand that they were correct.
Nice analysis. Clearly the two parties have taken different ideology and rhetoric on all things energy and emissions. In such regard they are virtually polar opposites.
The reality comes when we remember America is still a (mostly) free market with strong personal property rights and a private ownership of the development rights for energy. As long as that remains, neither party can really affect our energy supply.
Thank you NTX and 100% on the reality.
A great read Arjun, I guessed the conclusion as soon as I read the title.
I spent over 20 years involved in Toronto real estate and anyone who lived through that will recall the pattern of federal, provincial and municipal government changes and policy announcements each with the express goal of making housing more affordable, each having zero impact to the market. After our 2017 Fair Housing Act completely failed to have any impact on the market (up or down), I began to realize that what the developers are saying was correct: that the fundamental supply and demand drivers were not being materially affected and so nothing was going to change. I also thought back to conversations with people in China (re: TO real estate), a few times people had remarked that Westerners are so obsessed with the election cycle and various candidates, but they didn't see why because the various administrations came and went quickly and usually had little real impact to fundamentals; I was a little offended at the time, but I came to understand that they were correct.
Thank you Investor and thanks for sharing your experience in real estate. Interesting observation from people from China.
Thank you 🙏 good Saturday morning reading. Hope everyone is having a good weekend!
Thank you BigOinSeattle!