Outlook for Real Estate with USMCA, The New NAFTA
October 3, 2018
LAS VEGAS–(BUSINESS WIRE)–Michael Shustek, a leading real estate investment company executive,
sees this week’s United States-Mexico-Canada Agreement (USMCA) as a
modernization of business practices that will result in immediate
benefits providing a ripple effect for U.S. residents.
“For our country, the USMCA deal should provide increased production,
better employee wages and combined with real estate activities,
consumers win big,” said Shustek, CEO of The Parking REIT. “An important
factor that shouldn’t be overlooked is consumer confidence associated
with these positive trade agreements.
“Homeowners are now motivated to make improvements with their residences
and small business owners will now be inspired to engage in lease
renewals. Overall, this is great for consumers and anyone investing in
real estate.”
The benefits to the American economy could include higher wages and new
home buyers, according to Shustek.
“In simple terms, the USMCA eliminates unfair trade practices and is
very good for our country’s workforce,” he says. “This will lead to more
consumer spending, including purchase of real estate with new home
buyers. Hopefully this new deal will receive congressional approval
sometime in January and could take effect the second half of 2019.”
As an author and thought leader, Shustek, who follows international
business investing closely, believes additional countries will be next
with what he calls “more modernizations.”
“With the USMCA in place, our country is now in a better position to
achieve additional modifications with several countries, especially the
European Union,” Shustek said. “It is plausible that new trade deals
could follow with China, Japan and Brazil. This USMCA agreement sends a
positive message that our country is open to talks and reaching
additional trade deals.
“Although there are some naysayers who may express that USMCA isn’t
perfect, it is my opinion that it is a step in the right direction.”
For more information about Michael Shustek, visit www.michaelshustek.com
Disclaimer
Opinions, forecasts and other views contained in this page are those of
Michael Shustek personally and do not necessarily represent the views of
The Parking REIT or its management.
Contacts
Malkus Communications Group
Chuck Malkus, 954-523-4200
www.malkuscommunications.com