In New York Commercial Real Estate, News Is Bad (or Worse) – NYTimes.com

Best quote I’ve heard in a while on commercial real estate (emphasis is mine):

“A correction might give opportunities,” said Jonathan Bowles, director of the Center for an Urban Future, an independent research group. “I think it’s healthy for the city’s real estate market to have a down cycle.”

via In New York Commercial Real Estate, News Is Bad (or Worse) – NYTimes.com.

Which leads me to a question: Should we be viewing the events that make up this part of the cycle differently? Do we have to think of asset deflation so negatively? I’m not talking about about cheering and sneering at others misery, but just as you can’t have spring without winter, you can’t have a boom without a bust.

It’s almost like people want to fight Mother Nature, but we know that is pointless, don’t we? I hope so, but if we don’t, Mother Nature will have a way of making sure her impact is felt.

That has me worried…

Advertisements

Leave a comment

Filed under finance, Markets, Way Forward

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s