Donald Trump came out victorious over Kamala Harris in the presidential election on Tuesday. After years of economic suffering under Joe Biden, this is nothing short of huge.
Indeed, Trump’s second presidency is set to bring about some positive economic changes. BH Group President and founder Isaac Toledano, who is a billionaire, is speaking out to reveal one major impact of Trump’s win.
Toledano went so far as to describe Trump’s victory as a “new day” for American investors and real estate tycoons. It seems that once Trump is back in the White House, America will be changing for the better in a big way!
From Fox News:
“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, and I think those people will take some of the chips off the table, will take some of the profit,” Toledano explained. “And if they are smart, they will continue to invest in real estate.”
The Federal Reserve is preparing to announce its latest rate decision. With Trump preparing to move back to the White House, Toledano thinks that the pressure is now on to lower rates sooner.
“We do believe that we will have a very busy season,” Toledano said. “The last 18, 20 months, the market was waiting for some new change.”
Toledano Doubles Down
Toledano went on to predict that the Federal Reserve will lower the rates and continue doing so during 2025.”
“I think that rates will go down fast,” he explained. “I think the Fed will be more aggressive…I think that President Trump’s agenda is clear to everybody… The fact that he had a lot of smart people around him, such as Elon Musk and others, would push him to honor everything that he said. And those people that supported him will make sure that he will honor every step and everything that he promised to deliver.”
Toledano has already noticed “optimism” among his real estate colleagues. He pointed out that Trump has a lengthy history in real estate himself.
“He’s a developer himself… he’s pushing for more housing,” Toledano said. “[He] and his family are heavily invested in real estate… And I hear that they keep buying and they’re more and more bullish on this market. Putting all those things together sends a clear message that Donald Trump is pro-real estate.”
Under the Biden-Harris regime, the economy went to shambles, and inflation skyrocketed. Millions of Americans have been left struggling to put food on the table. Trump is exactly the person that America needs to fix all this and get the country back on track.
For the first time in years, the economic future of America is looking bright!
Key Takeaways:
- Billionaire Isaac Toledano talks Trump’s second presidency.
- Predicts that smart money will be “invested in real estate.”
- Trump has a long history in real estate.
Source: Fox Business
