News: Brokerage

Time to buy real estate

Donald Trump says, "Stop buying gold and buy real estate." I agree and respect his judgment. He would probably be elected President if he wasn't having positive healthy fun with his popular weekly TV show and building golf courses. Being President means waking up every morning knowing that people all over the world are wondering what misjudgment you will make next. Mr. Trump, certainly a respected commercial real estate guru, suggests that stubborn owners are finally waking up and dropping the prices into a reasonable sales position. After the long three-year recession, the people who have survived have stopped being frightened and have started to go back to work. Since they realize that there is nothing they can do about what happens in government, they have stopped feeling sorry for themselves, accepted the fact that no one was going to bail them out, and remembered all the things they did to become successful in the first place. While the world does change, basics remain the same. Miracles do happen, but only if you work your butt off. Faith can move mountains, but only if you use the shovel. If you want to start off your day on the wrong foot, feel negative and frown, watch the morning news. Do they ever report anything positive? No! Of course not. They tell you who died, who got arrested, about tornadoes, tsunamis, what countries are killing hundreds of innocent civilians, etc. Does that make you smile? So when you arrive at the office you are filled with negative energy which any shrink or doctor will tell you is poisonous. It first poisons your mind, then your body. So, cut it out. Start the day off on a positive note. Watch cartoons or The Three Stooges, and then the first person you see think of a honest compliment. I guarantee it will brighten their day and you will feel good that you caused some else's one moment of happiness. I just talked to a broker who hadn't closed a deal in 12 months, but, he was thinking positive as he was boarding a train taking him to Maine and a deal that he was sure would close. The power of positive thinking? Right! He could have given up after that crappy year, but he didn't. I bet he makes the deal. What do you think? Oh, he found the buyer on Linked-In, went to the guy's Facebook account, and you know the rest. Thank you for the positive thinking, Mr. Trump. Roland Hopkins is founder of the NYREJ, Norwell, Mass.
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced