That鈥檚 乐竞体育赛事直播 President Don Wilkerson鈥檚 outlook for the new year, as he explains in his most . Describing himself as a 鈥済lass-half-full kind of guy,鈥� he writes that he balks at predictions of major economic corrections.
鈥淣ow, just to be clear,鈥� he writes, 鈥渘o one is predicting doom or gloom, but given the length of the current upcycle, the second longest in our history (the 10 years leading up to the tech-bust of 2000 heads that list), the published reports I have read simply seem incredulous that it could continue. As a result, every blip on the radar becomes the sign of a correction.鈥�
He goes on to enumerate three major reasons why he finds no cause for concern:
鈥淔irst of all, from my perspective both as a property management practitioner and as president of the Institute or Real Estate Management, I am engaged in an industry that is virtually recession-proof. In fact, an argument can be made that in down times, keen property management鈥攎anagement that is attuned to the value enhancement of properties in the strategic interest of our ownership clientele鈥攂ecomes even more critical.
鈥淪econd, there is no real bellwether of alarm, other than the possible activity of interest rates, any indirect bearing on the economy that could come from current global trade battles, or some other international surprise.鈥�
Quoting the 2019 edition of Emerging Trends in Real Estate, Wilkerson zeroes in on the word plateau. 鈥� 鈥楥oming off a peak鈥� seems to be a theme,鈥� he quotes. One contributor to the report acknowledged, 鈥淲e are adjusting a little bit right now.鈥�
In the 乐竞体育赛事直播 president鈥檚 view, 鈥渢he underlying issues that made the last downturn so much fun are not in play this time, issues such as the subprime time bomb, a freewheeling 鈥榓nything-pencils鈥� lending mentality and an exuberant stock market. Well, two out of three ain鈥檛 bad. The stock market today is volatile to say the least and could cause some pain down the road if it continues for too long. But the best bet now is for a soft landing.鈥�
His third reason for optimism is simple: experience, and what he calls 鈥渢he frank realization that if all of the most dire predictions come true, we鈥檝e been there, done that. For any seasoned pro who outlasted the so-called Great Recession of a decade ago, a correction of the size pundits predict is small potatoes. Bring it on.鈥�
乐竞体育赛事直播 itself, he writes, is looking with anticipation at another growth year, 鈥渂uilding on programs designed to deliver on the promise made when we rebranded just a year ago. We are particularly excited about expanding our global reach through growing relationships in Asia, South Africa and Russia, relationships that not only expand our sphere of influence but, more important, also expand the networking opportunities for this very tight community of professionals.
鈥淲e continue to actively promote the industry to a younger and more diverse audience of potential CPM candidates through our ramped-up educational efforts鈥攊n person and online--and a more active outreach program at the college level. We are at a critical juncture, not only in property management, but in the real estate industry as a whole and--as I have stated before in this space--such outreach is critical to our survival, not only in terms of age, but equally in terms of the changing demographic of the communities we serve. Stagnation is not an option.鈥�
Wilkerson sees 2019 of a year to build on a promise made when the institute rebranded鈥攖o serve as the champion of the property management community. 鈥淒elivering on that promise is a progression,鈥� he writes, 鈥渁nd 2019 will be a continuation of the groundwork we have already laid down.
鈥淲e鈥檙e excited about the prospects the new year offers,鈥� he concludes. 鈥淥ur sleeves are already rolled up. The work continues.鈥�
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