272. Will Trump’s Economy Be Good for the Self Storage Industry?
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 26 November 2024
⏱️ 41 minutes
🧾️ Download transcript
Summary
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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Transcript
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| 0:00.0 | I think Trump is in a very sticky spot here. That is where I believe they're trying to go. |
| 0:06.0 | That's from everything that I've heard and in all they're talking about. Why this is important? |
| 0:11.0 | Because this does directly affect interest rates. That is the number one driver. |
| 0:17.0 | Take everything else away, you guys. the number one thing for self storage that |
| 0:24.0 | this administration or any other administration would have done it is welcome everybody to |
| 0:35.1 | self storage income and it is the day after the elections. |
| 0:40.1 | So how is this going to affect the self-storage industry and your investments? |
| 0:48.6 | So wild night last night, of course, wild day today. |
| 0:52.4 | The results are in. We now know markets are |
| 0:57.0 | reacting. We even have words out from the Fed. But Connor, what are your first thoughts? |
| 1:02.2 | My first thoughts? Man, today is the first day. Like I was telling you before the podcast, |
| 1:07.5 | I mean, I haven't really had a whole lot of time to even digest what's going on in the markets. |
| 1:12.2 | I'm talking before the podcast. |
| 1:13.9 | It sounds like markets are already responding in a really positive way, up 1,400 percent. |
| 1:20.0 | 1,500 now. |
| 1:20.6 | 1,500. |
| 1:21.4 | Soren. |
| 1:21.8 | Just totally insane, which obviously, you know, you see some of those things. |
| 1:26.5 | Treasury yields going up, you know, that see some of those things, Treasury yields going up, you know, |
| 1:28.8 | that therefore correlates with the interest rates. And so I'm curious. I don't know what your |
| 1:35.0 | thoughts are, but given from, you know, previous and past experiences, do you think interest |
| 1:40.7 | rates are going to go up? Do you think? Because I'm trying, in my head, I'm like, |
... |
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