You’re reading this roughly 48 hours from election day in a year that’s been disappointing for business and downright boring from a deal perspective. Whether the outcomes of Tuesday’s races have any bearing on the market remains to be seen. Sellers are pricing as though it’s still 2024, buyers still aren’t biting, interest rates are high, the mansion tax continues to weigh heavily on deals, the threat of a billionaire’s tax looms and the wealthy in California can’t seem to stand being Californians anymore. “You’re dealing with situations that have not been on top of one another like this in […]
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