While there are no guarantees, commercial property can be a great investment for those in the medical community. Certainly, there are many that put their proverbial toes in the water, but a lot more professionals sit back and wonder "Should I take the plunge?"
After spending many years in commercial property consulting, we have identified four common reasons why those in the medical profession should NOT own commercial property:
As most of you know, I am not a fan of Obamacare/The Affordable Care Act. I believe it to be a well-intentioned and dangerously misguided example of federal over-reach. A few years ago, I was surprised when the Supreme Court's decision in support of the constitutionality of the ACA was announced. Back on June 28, 2012, for the first time in my life, I actually obtained the transcripts from the Supreme Court's decision. It was a fascinating read and I posted a blog about the court's logic the next day. It's been a few years since then and The Affordable Care Act is again under review by the U.S. Supreme Court.
And the stakes are huge.
During the oral arguments a few months ago, most of us watched several Supreme Court justices give the White House's legal counsel a pretty rough time regarding the legality of the Affordable Care Act. Of course, that was then and this is now. The Supreme Court has been debating two key points in the Act: (1) Is it constitutional for the federal government to require citizens to buy health insurance or pay a "penalty" for not buying it and (2) Is the manner in which the federal government is "encouraging" the states to follow its proscribed Medicaid program coercive or is it an appropriate use of federal power.
Well, we have the court's answer. On the first point, the Supreme Court voted 5-4 in favor of the provision. This was a surprise to many, me included. On point number two, the court declared this aspect of the Affordable Care Act unconstitutional.
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