272. Will Trump’s Economy Be Good for the Self Storage Industry?
President-Elect Trump’s economy could change the course of the self storage industry, but will it be for the better? There are many “what ifs” after the Republicans took the presidency, House, and Senate in the 2024 election. Will inflation return? Could interest rates finally fall back down to reasonable levels? Will homebuilding get easier, prompting more moves and, by proxy, more self storage demand? In this episode, we’re sharing our raw opinions on what Trump’s economy could mean for Americans.
We’re tackling a few critical subjects before making any predictions about where Trump may take the economy: mortgage rates, government spending, inflation, and recession risk. Trump said he’ll lower interest rates, giving Americans an affordability boost. This would be terrific for self storage, but are lower interest rates really under his control? What about government spending? Lowering it could help curb inflation, and Trump’s cabinet looks EAGER to slash these budgets.
But, with such an economic overhaul, will we be steered toward a recession, and if so, is that a bad thing? How will this affect YOUR ability to buy (and manage) a self storage facility? Should now be the time to wait to see what happens next? Stick around because we’re getting into it all.
What you’ll learn in today’s show:
- How a Trump presidency could impact interest rates and self storage investing
- The “sticky spot” that Trump finds himself in and whether he can escape it
- Slashing government budgets and the results of downsizing departments
- Whether Trump will be better or worse overall for real estate investors
- Hope for homebuilders (and homebuyers) as toxic over-regulation could get curbed
- Should we expect a recession in the coming years (start preparing)?
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