In a recent memo to chapter leadership, NAHREP gave the green light to begin planning live events, subject to state and local health protocols. NAHREP will also host its first regional event in Miami on July 13th. The event will take place at the JW Marriott in Brickell and will take on one of the biggest issues facing the industry: housing supply. This week, my wife and I started looking at investment properties in Colorado Springs, CO. Our son will be entering his senior year at Colorado College and we thought we should look into purchasing a single-family home that he and a couple of his classmates could live in; we could rent it out after he graduates next May. We spoke to a couple of local real estate agents and found out first-hand what everyone has been talking about. This is insane…On Friday, a property that looked ideal was listed. The listing agent immediately began scheduling appointments with buyers and selling agents. We were told that all prospective buyers must submit their offer no later than noon on Sunday. Our Realtor® told us that to have a chance, we would have to offer a minimum of 10%-20% over the listing price with little or no contingencies and they were expecting roughly 75 offers. WTH??? This isn’t a hot market; this is a crisis!
I am really looking forward to getting back to live events, and digging into the most challenging issue confronting the real estate industry in over a decade.
Over the last few weeks, I have had the opportunity to speak at the T3 Conference in Florida…I surprised the audience when I explained how the issue of diversity has been framed incorrectly, and has for the most part alienated the business community.
Elon Musk dropped by the Real Time with Bill Maher show recently for an interview with the host. Maher, who considers himself a liberal is an obvious fan of the CEO of Tesla and Space X. The centerpiece of their conversation was their discussion regarding what Musk called the “woke mind virus” or what I prefer to call “cancel culture”.
People sometimes get me wrong. They think that because I talk a lot about giving back and living modestly, I must not care about money. On the contrary, I care a lot about money because I understand how our system works.