News: Brokerage

Truth versus reality

The second largest circulated daily newspaper in the country, USA TODAY, last week's front page read RECESSION IS OVER. Good for them. Is that the truth or is it reality - both or neither? Unfortunately, there is a big difference between truth and reality. A thesaurus states: TRUTH - fact, honesty, certainty. REALITY - realism, actuality. See the difference? Okay, I'll sadly explain. As much as we would all like truth to rule our lives, it doesn't. But REALITY does. Sucky, but good example: O.J. Simpson murdered his ex-wife. That was the truth. A jury, listening to clever lawyers, said he was innocent. Reality? Simpson went home. Moral to story? Reality is real and what makes the world go 'round. In an election, is it what people think is the truth or what is the truth? We all know the answer. When we feel sick and need medication, do we buy a drug that is advertised on TV and in slick magazines and the provider is a public company driven by profits? Or do we Google it and seek the truth, maybe an inexpensive natural herb that does the job without any side effects? Which is the truth and which is reality? Sadly, the answer is not necessarily the truth. Reality is what it is - not always the truth. And reality is always what the majority of what people think - not always the truth. So, is the recession really over? If you accept the definitions of truth and reality, then the important thing is what people believe, and if enough of them believe the USA TODAY headline, then the ones out of work will start looking for jobs, and the ones who have been sitting and waiting - they'll aggressively go back to work and make things happen. That means that we'll all survive and grow whether the recession is really over or not. What do you think? What are you going to do? Your call! Roland Hopkins is the founder of the New York Real Estate Journal, Norwell, Mass.
MORE FROM Brokerage

Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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