Real estate donors backing Biden over Trump

As the pandemic continues to wreak havoc on real estate, industry donors are siding with Joe Biden over President Donald Trump, records show.

They have so far given $17.1 million to the former vice president’s campaign and political action committees backing him, and $15.6 million to Trump, according to the Center for Responsive Politics, a nonpartisan research group which tracks money in U.S. politics.

Although markets have prospered under presidents of both parties, Republicans have long been regarded as more business-friendly. And Trump hails from the real estate world. Investors, however, value certainty above just about everything else — and the chaos of Trump’s first term has driven some real estate players to retract their support...

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RSK: I find this very interesting and even the author does not really have an explanation...but people usually give to candidates that they feel will help them or their business.



- - Volume: 8 - WEEK: 38 Date: 9/15/2020 8:46:04 AM -