Politics & CRE Sales (Déjà Vu)

The failure of Congress and the administration to reach a budget agreement before the Oct. 1 deadline, the possibility that the debt ceiling will not be raised before the nation is unable to pay its obligations, and the huge swings in the stock and bond markets are all too familiar. After the last time we went through this and our nation’s credit rating was downgraded and the sequester became law, we thought our politicians would have learned to put politics aside on behalf of the people, but here we are. Unfortunately, we’ve seen this movie (or one very much like it) before.

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