Tariffs, Debt, and Democracy: Dalio vs. Fukuyama on the Future of Real Estate in 2025

In this episode, Steven Hamoen introduces the current trends shaping the commercial real estate (CRE) market. He explores the contrasting perspectives of Ray Dalio and Francis Fukuyama on the future of real estate, analyzing how their views could impact investment strategies. The discussion shifts to Mark Carney's influence on Canadian CRE, examining his policy implications and potential effects on the market. Steven also delves into the dynamics of the U.S. housing market, highlighting key factors driving changes. The episode concludes with Steven's reflections on how market players can adapt to these evolving conditions.