ANALYSIS
“When looking at key economic indicators each segment of the real estate market is different. However, employment growth and trends are certainly a significant indicator of the health of the region or state and where it is heading. National trends are also important to help evaluate the amount of uncertainty in the markets. Vacancy rates and absorption are key indicators for the commercial markets.” Rick Merritt, Economist & President, Elliot D. Pollack & Company “Whatever happened to good, old-fashioned returns of 7-9%?” Chris Clothier, Managing Partner, Memphis Invest “Unfortunately, many of us stop thinking in terms of five-year plans once we move into a ‘grown-up career’.” - Jason Hartman, CEO of Platinum Properties Investor Network, “Millennials are so used to texting and not communicating by looking a person in the eye and talking directly to them - when you talk to them they hand the phone to their Mom saying ‘Here, talk to my mom.’” – Christopher Thornberg, Founding Partner, Beacon Economics “Like Warren Buffet, I want to buy when there is blood in the streets, and sell when everyone else is buying. I’m pretty tied into the DFW apartment scene, and right now is the best seller’s market anyone can remember. If people are willing to pay me a 7.5% cap on pro-forma numbers for 50 year-old Class C but I haven’t been able to find a good apartment deal to buy in nearly a year of looking, then I’m more a seller than a buyer right now.” Arthur Zwern, Physicist & Investor “Securing the 49er Stadium in Santa Clara, took teamwork, coordination, and focus. It is a great story in terms of collaboration between multiple parties, and a clear vision of how an empty parking lot could become a site for a stadium that beautifully, and naturally, fit into this community. No one person, or group can claim responsibility for this outcome. It truly required a sustained effort and courage of an entire community and its leadership - it was the greatest of team efforts.” Santa Clara Mayor Jamie Matthews
“Like Warren Buffet, I want to buy when there is blood in the streets, and sell when everyone else is buying. I’m pretty tied into the DFW apartment scene, and right now is the best seller’s market anyone can remember. If people are willing to pay me a 7.5% cap on pro-forma numbers for 50 yearold Class C but I haven’t been able to find a good apartment deal to buy in nearly a year of looking, then I’m more a seller than a buyer right now.” Arthur Zwern, Physicist & Investor
“A serious investor never puts themselves in such a leveraged position they have to sell. We’ve all had investments go down, but speculators get killed because the only chance they had for a profit was escalation of price. They use leverage and throw caution to the wind. Serious investors don’t do that. An investor buys something that makes sense if they have to keep it, and they can keep it until another boom market appears.” Bruce Norris, President TNG.
SUMMER 2014 REI VOICE
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