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.
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…
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…
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…