Commercial Real Estate Pro Network

Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss today's opportunities, problems & solutions in Commercial Real Estate.

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BIGGEST RISK with Marc Betesh


J. Darrin Gross

I'd like to ask you, Marc Betesh,  what is the BIGGEST RISK?

 

Marc Betesh 

I think the BIGGEST RISK is under estimating what's going on right now, I just think about the discussions I've had here and prior conversations about, for example, the office market. If you don't, we nobody likes to see negativity, nobody likes to predict doom and gloom. But if you're not fully informed, and understand the trends that are going on, you are going to make bad decisions. And so you really need to look at all the information you can understand human behavior, understand what's predictable, what's not predictable, you're never going to predict things that are not predictable, but you need to be able to understand the things that that are and, and and use your own common sense to determine where you think things are going. The the real estate markets, the one thing we know for sure is that they're not going to stay the way they are. So now the next step is how will they change? That's part of this conversation and other conversations and looking at, you know, kind of look in the mirror and try to figure out what would you do? What would you do if you were placed in that position? What decision would you make for yourself for your family? And, and what makes you think that you're any different than anybody else? These are all human human decisions that we're faced with in normal decisions. And you know, when you get in the car in the morning to commute to work, and you know, you don't have to, what's the human decision you're gonna make? I hate this. I, you know, before we before we put up with it, it was something that we didn't have a choice about. When you start to have choices, you start to think about those choices. And so when you talk about risk, the risks to me, I mean, we could quantify all kinds of risks, but the real risk is, is being uninformed. And and and trying to believe series that you don't truly own yourself. Look at your own behavior. Look at the way people behave. And then you'll you you, instinctively all of us, all of us instinctively know what's happening. We may not like it. We may not be used to it. But we understand that and just you have to you have to rely on that gut.


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 November 9, 2021  2m