President-elect Donald Trump started his career in real estate. His father was a real estate tycoon, and he has made a fortune building or licensing his name to luxury condominiums, hotels and casinos. But will that experience enable him to help the middle class, which faces a lack of affordable housing and rising prices?
“One part of the struggles of the middle class that came through in this election was that they can’t find good affordable housing,” said Kevin Finkel, executive vice president at Resource Real Estate, a Philadelphia-based real-estate investment trust (REIT) that focuses on midtier rental apartments in post-election commentary. “But you didn’t see any discussion about the supply of affordable housing during the campaign,” Finkel said.
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