Gary Acosta’s Weekly Blog

Featuring Gary’s take on the economy, politics, sports and Latino culture

Gary Acosta is an entrepreneur, public policy advocate, investor, and thought leader passionate about advancing prosperity for Latinos and other underserved communities. As an industry leader, he protects and improves the business environment required to close the wealth gap, particularly via homeownership. Amongst other endeavors, he is Co-Founder & CEO of NAHREP, the country’s leading Hispanic business organization, and Co-Founder of L’ATTITUDE, the preeminent platform for Latino economic empowerment. Acosta is also a general partner of L’ATTITUDE Ventures, the nation’s largest venture capital fund exclusively focused on Latino-led start-ups. Join Gary as he dives into today’s issues through many creative formats.

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Ending Broker Cooperation will be Devastating for Hispanic Homeownership

This week, in a brief to the judge of a major antitrust lawsuit known as Nosalek, the U.S. Department of Justice called for decoupling buyer and seller agent representation. If the DOJ gets what it wants, it would mean that listing agents would no longer be permitted to share their commissions with agents representing buyers, and buyers would have to pay out of pocket to have an agent represent them.

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The Sitzer Versus NAR Lawsuit: Who Wins and Who Loses?

If you’re not familiar with the Sitzer class action lawsuit against the National Association of Realtors and several of the largest real estate brands, it centers on how real estate agents are compensated. The lawsuit claims that the practice of seller and buyer agent cooperation or sharing of commissions is an anti-trust violation and has resulted in inflated commissions paid by consumers. While a jury in Missouri has already sided with the plaintiffs, the judge has not rendered a final verdict.

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Elon Musk, Mark Cuban and the War on DEI

If you have been following the news on the recent resignation of the President of Harvard over her unfortunate congressional testimony on antisemitism on college campuses, you might have read Bill Ackman’s post on X (formally known as Twitter) which essentially blamed everything on Diversity, Equity and Inclusion (DEI) policies on college campuses. Ackman’s post was reposted by none other than Elon Musk, the owner of X, who wrote “DEI is just another word for racism. Shame on anyone who uses it”. Musk’s over-the-top response prompted Mark Cuban to jump into the conversation by defending DEI and calling it smart business. Cuban has since challenged Musk to a debate on the subject.

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Gratitude is More Than a Holiday

I believe deeply in taking the high road; it is rarely good to lose your cool, especially in business. It’s part of what we call emotional intelligence…However, it’s not always best to walk away from a fight. There are some things worth fighting for, and for the right reasons…Historically, NAHREP has been friendly with consumer groups. We have not always agreed on everything, but I respect them and have worked hard to have a good relationship with them. But…

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…But Sometimes You Need to Show People You are Willing to Throw a Punch

I believe deeply in taking the high road; it is rarely good to lose your cool, especially in business. It’s part of what we call emotional intelligence…However, it’s not always best to walk away from a fight. There are some things worth fighting for, and for the right reasons…Historically, NAHREP has been friendly with consumer groups. We have not always agreed on everything, but I respect them and have worked hard to have a good relationship with them. But…

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What is Your Thesis?

I am a big believer in being authentic and original…Last year, I started playing with an idea about how entrepreneurship can close the minority wealth gap in America. I floated an audacious idea that the wealth gap poses an existential threat to America’s leadership in the world economy. That was an attention-getter! To develop my thesis on how to close the wealth gap, I thought about my observations in the housing industry. I realized that…

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A Foundation, a Passion Project and a Moonshot

We all have our own idea of what makes a successful career. For some, it is owning a profitable business, for others it might be the stability and prestige of a high-paying profession. However, for most people, success is some combination of earning a high income while preserving the freedom to enjoy it. Unlike some people, I enjoy the process. I like the early stages of a new venture, even more than after it becomes an actual business. I am not however an adrenaline junkie. I am not willing to risk everything to pursue my next idea. I am my best when my business is doing well enough that I have the time and the means to pursue a passion project and a moonshot.

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Who Benefits Most from Attending NAHREP at L’ATTITUDE?

The incomparable NAHREP at L’ATTITUDE (NAL) event in Miami. This year, the crowd will be bigger and the speakers will be even more impressive! If you are not familiar with some of the names, let me provide some additional color: Eddy Cue is a Cuban-American and the second-ranking executive at Apple, Orlando Bravo is the wealthiest Latino in America with a net worth of more than 8 billion dollars, and Priscila Almodovar is the only Latina CEO of a Fortune 100 company. Beyond this incredible list of headliners, the hallways at NAL will include…

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Latinos and Philanthropy – The Harsh Truth

I think most Latinos would agree that at our core, we are a generous people. If a member of our family is in need, Latinos as a rule, won’t hesitate to help financially. Family is central to Hispanic culture: our generosity has few limits. Maybe that explains why when it comes to making political donations and writing checks in support of actual philanthropic activities, Latinos come up short….When I interviewed Barack Obama last year at NAHREP at L’ATTITUDE, I pressed him about politicians not prioritizing issues that are important to Latino voters, he politely pushed back by saying…

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L’ATTITUDE Sports Takes Off

In July, L’ATTITUDE hosted its first event during the NBA Summer League, honoring Latino leaders in the NBA….L’ATTITUDE intends to amplify its focus on sports because of its enormous influence on our culture and the youth in America. Beyond recognizing leaders, L’ATTITUDE will produce studies and data that illustrate the role of Latinos in terms of audience and revenue growth for professional sports.

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False Choices

We live in a society where people acquire strong opinions with only soundbites of information. Critics of affirmative action characterize it as a policy that allowed colleges to admit students of color who were undeserving and unqualified. However, the data showed that everyone who is admitted to Harvard meets the academic criteria.

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