It’s a “new day” for American investors and real estate tycoons, as Donald Trump has been elected to serve as the nation’s 47th president.
“I think that the fact that Donald Trump is our next president and people understand that he is pro-business, his agenda as far as real estate, I think that a lot of the smart money will continue to be invested in real estate,” BH Group President and founder Isaac Toledano told Fox News Digital on Wednesday.
“This is really good news. I think that the momentum is about to change big time.”
Following the former president’s projected win, market futures soared and the Dow, S&P and Nasdaq saw sizable gains. Bitcoin also blasted through and hit new $70,000 and $75,000 barriers in the early morning hours.
“I think that there is more billionaires today than yesterday,” Toledano reacted, “and I think those people will take some of the chips off the table, will take some of the profit. And if they are smart, they will continue to invest in real estate.”
On Thursday, the Federal Reserve is set to announce its latest rate decision. Toledano feels confident that the pressure is now on to lower rates sooner and more significantly with Trump readying for a second term.