The Forthcoming Presidential Election: A Political Puzzle

The forthcoming Presidential Election is going to be the most expensive and probably the closest contest in U.S. history. In this article, I take a look at the various factors that will play a role in the election.

First, I take a look at the United States Senate and its composition. There are 43 states that are either wholly Demographic or wholly Republican. Combined, they form a picture of what the United States looks like and which way it leans.

In terms of leaning, the Republicans lean inland. Four out of five Senate Republicans live inland. Conversely, four out of five Senate Democrats live on the East Coast. None of the Republican Senators serve the West Coast.

2024 Economic Forecast

Alan Nevin offers his viewpoint on the state of the national economy and focuses on the employment and real estate sector on San Diego.

Overall, Alan is very positive about both the U.S. and San Diego economy as we move forward in this election year. He definitely sees a decline in long-term interest rates, a reduction in inflation and an ebullient job market, both Nationally and locally.

Locally, he sees the existing and new home market returning to relative normalcy with prices up 8-10% in 2024. The apartment market will be deadly flat in terms of rents and occupancy as a substantial number of new units come to  market.  Equally flat will be the   office market with the exception of medical office space which will continue to prosper. And all will be well in the retail,  industrial and life science  sectors.