After all the political posturing and daily craziness, the government finally avoided a catastrophe and raised the debt ceiling and agreed to cut spending. It appears that this deal is good for GOP but not great for Obama. The stock market is up on the news but there should not necessarily be a correlation.
It will be interesting to see if this clears the way for apartment investors to come back out and start buying. I know that many owners have been on the side lines waiting for this to shake out. (more…)

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