Does it make any difference what form of politics someone has in CRE? – Rating: 7

14 thoughts on “Does it make any difference what form of politics someone has in CRE? – Rating: 7”

  1. Does politics really come up at work? I cannot think of a single time in my nearly 20 years of working where politics was a discussion at work. Or at least nothing beyond, “yeah, the proposed policy or law may impact our business”

  2. I’m in Cali and yes CRE is a Republican-dominated industry, even here. However I’m center-left and haven’t had a single problem in my career to date. In my experience it’s a lot more “low-tax, limited government” Republicans and “capitalism with a social safety net” Democrats than die-hards on either side. Or, if they are, they leave it at home, and it doesn’t come up in the workplace.

  3. **Well, for starters, there’s a GIGANTIC difference between “MAGA” and traditional Republican thoughts/views/values/etc.** Folks in CRE, across the political board, appreciate tax breaks and prefer small government (traditionally Republican viewpoints) but keep opinions about controversial issues to themselves.

  4. Just don’t talk politics even if you have strong opinions. Roughly half of the people will disagree with you and you don’t want to alienate potential clients or colleagues.

  5. It’s a relationship business. Does your political leaning align with your intended client base? If not can you stomach that? It largely depends on what sector of cre and where it is how most of the clientele will lean.

  6. Speaking of current times, you’re probably going to hear a lot of griping if people know/suspect you voted for Biden and he succeeds at killing any one of 1031s, step-up in basis, or capital gains tax. Each of those would individually have a negative permanent effect on demand for CRE, all 3 is tough to imagine. Real people are going to suffer and fall out of the brokerage business if that happens.

    Other than that, in normal times, it’s not so much an issue on the whole. Don’t be, like, a Georgist or something, and you’ll do ok.

  7. Work in NYC CRE. Politics of the people I encounter range from Bloomberg to Trump from left to right. Would argue it’s pretty much Impossible to support an AOC like candidate if you work in CRE.

  8. They are pretty much all Maga in CRE. And it makes me want to chop my balls off.

  9. I’m a left-leaning guy in CRE and I don’t find it to be all that MAGA-ish. However, I also work in the affordable housing space in a particularly liberal city. In summary, where and what you do within CRE may impact your experience.

  10. People only care about two things:

    1. Are you making the company money?
    2. Are you making your boss’s life easier / look good to his boss?

    If the answer is yes to the above, you need not worry about differences in politics. CRE values performance more than anything and if you’re performing and in a shop that’s performing, everyone’s going to be focused on getting deals done etc and not so much about politics and movement. Not sure if that answers your question, I guess I’m trying to saying is focus on the work, if you like it, do it and if you’re good at it, you have nothing to worry about.

    That being said, CRE is generally right-leaning given it’s more based on hierarchies and the ‘old boys network’, however all that goes to dust if you’re a top performer. No one’s going to care if you didn’t go to [insert prestigious school here] or grew up in [insert bougey neighborhood here] if you’re bringing in deals and crushing.

  11. Small ball CRE yeah (can find progressives).

    But at big shops I am sure it’s all low tax low regulations.

  12. How do you network and meet potential clients? Political activism is one way to do it. I know people who network by volunteering with a local chapter of a political party until they work their way up to rubbing elbows with the serious money. Politics cannot be avoided if you take that route, or if you work with someone who is taking that route.

  13. I’m in a very blue city and our firm is a mixed bag. I think our firm does a very good job of separating out what is good for our investments, vs. their own personal opinions. Many of the republicans I know are traditional in nature and I only know one adamant MAGA-type. In fact, the most vocal people I know are all liberal. When I look at contacts outside the firm, I have a hard time pinning down any type of political affiliation.

  14. Well first of all, politics shouldn’t really come up often in the workplace except in discussion of how some news may affect the market/project/transaction. Although in the current climate it’s unavoidable at times.

    That being said, it is a right-leaning industry, but the people I have worked with are also smart, level-headed individuals, not the MAGA crowd. Not one senior person in my current company approves of Trump.

    Ultimately I think regardless of your views, as long as you aren’t forcing them on anyone it’s not a problem.

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