I am wondering about pivoting to a role in CRE (analyst, broker, and many others) and I am asking yourself if it issues what forms of politics a person has in this field.
For case in point, in Silicon Valley, the mind-boggling trend is woke “still left” liberalism. In the oilpatch, it is complete on MAGA. If you are not in the dominant camp in either situation, things can be fairly miserable. I have labored as a political minority just before in several fields, so I am wondering how a lot it matters in CRE.
I see that the significant shops in CRE seem to be to donate additional or fewer equal sums of income to equally events, but on the ground, in the working day to day, is it popular to satisfy many progressives (professional worker, professional surroundings, and many others) that are in CRE, not in the setting up division? I believe its rather clear that you can sense comfortable as a conservative, but how about new-deal liberals?
I know that widespread sense dictates that you just don’t speak politics at function, but realistically, it is typically quite evident that some values and ideologies triumph in some industries improved than in many others. I am just hoping to help save myself the hassle.
TLDR: do you have to have to be MAGA to do the job in CRE, or is that a lot more widespread with residential brokers?
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Wow, that was a fairly excellent response from this Business-Realestate.internet Segment. Many thanks for all the beneficial opinions. It looks that the typical picture is that CRE is largely “Rockefeller Republicans” that care more about what you can deliver in the doorway than what textbooks you read through in higher education (…so prolonged as I never leap up on the open up place of work desk and preach the class wrestle). I can are living with that. I can’t do the MAGA cult of character and it sounds extremely a great deal like that is not the dominant pressure of politics in the business. So it truly is all quite substantially good news.
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A lot of many thanks to all who posted, your replies have given me a considerably superior perception of what to anticipate.
Does it make any difference what kind of politics a person has in CRE? scored 7 points on Commercial-Realestate.net!
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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”
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.
**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.
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.
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.
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.
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.
They are pretty much all Maga in CRE. And it makes me want to chop my balls off.
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.
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.
Small ball CRE yeah (can find progressives).
But at big shops I am sure it’s all low tax low regulations.
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.
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.
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.