The Real Estate Espresso Podcast

On today’s show we are taking a look at a new report issued by the staff at the US SEC to the SEC and to the Congress. The law requires the SEC to undertake a review of the accredited investor definition, at least once every four years to determine whether the requirements of the definition should be adjusted. This 53 page report is packed with tons of interesting data. Based on the findings, I'd be shocked if we don't see an amendment to the definition sometime in the first half of 2024.

On today’s show we are talking about the shrinking influence of governments around the world. Politicians act as if they can control what happens within their borders. They act as if the national economy is under their control, and that if they set the rules for the nation, they can control what happens within their borders.  But the fact is, we have a globally interconnected world.  It’s becoming more and more difficult for governments to control what happens within the borders. The Euro dollar system which involves the movement of funds internationally can have as large an influence if not even greater influence on financial markets than governments. Investors influence the market more than governments do.  Interest rates around the world are going down all over the world. Central banks are not doing much to push rates lower. The Fed did not lower rates this past week. The bank of Canada kept rates constant at the December meeting. ECB officials agreed Thursday to hold the bank’s deposit rate at 4% for a second straight meeting. The Bank of England Thursday also announced that it would leave its key rate unchanged for a third straight meeting. The Swiss National Bank on Thursday kept interest rates on hold at 1.75%. So then why are rates falling?

Dr. Neel Chadha is a practicing physician in Ottawa Canada and is also a part-time developer of senior housing, assisted living and memory care facilities. On today's show we're talking about designing service offerings. You can connect with Neel at neel@lanarklifestyles.ca ------------- Host: Victor Menasce email: podcast@victorjm.com

Richard Crouch is based in Richmond Virginia where he is with the law firm of Woods Rogers Vandeventer Black. On today's show we are talking about some of the common pitfalls when structuring agreements. To connect or to learn more you can email Richard at richard.crouch@wrvblaw.com or visit their website at https://wrvblaw.com/ -------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we are talking about a concept in project management that is rarely discussed. When we think about the items that determine a project’s timeline, there are all of the text book steps in developing a project plan. More advanced project management means identifying those project constraints that are critical in nature. This is taken from the theory of constraints work by Eli Goldratt. The idea behind the theory of constraints is that there can be other critical resources apart from time. The impact of a critical resource can result in time delays, but in that instance it is not time that is the critical resource. This is a subtle but important distinction.  ------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re going to the dark side to listen to Jim Cramer from CNBC and try to learn why the DOW skyrocketed over 500 points in the wake of yesterday’s interest rate announcement by J Powell.  ----------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we are talking about the latest CPI data announcement. This data is important going into the final FOMC meeting for the year, where the Fed held interest rates steady again for the third meeting in a row.  The month over month data showed an increase of 0.1% in consumer prices compared with a month over month increase of 0% in the month of October.  -------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we are talking about geopolitical stability and the vulnerability of nations. The idea behind globalization was that by creating economic interdependency, the world would become a more peaceful place. Many wars have an economic underpinning. But if both sides in a conflict would be harmed by economic disruption, the incentive for confrontation should be reduced.  It turns out that every nation has a weakness when it comes to globalization. No country is an island unto itself that can be fully self sustaining.  --------- Host: Victor Menasce email: podcast@victorjm.com

If you’ve been listening to the podcast for a while, you will know that I’m a proponent of the laws of supply and demand. If you ignore the laws of supply and demand, you do so at your peril.  It’s always been the case that a new building will go through a process of offering leasing incentives for some of the first tenants and then remove the incentives at certain occupancy thresholds, and eventually raise starting rents as the building approaches stabilization. That’s a pretty standard process and applies equally to both residential and commercial buildings.  According to a recent study published by Costar, new properties in some over supplied markets are offering deeper and deeper leasing incentives in order to attract clients. Last year was a 40 year record year with new supply of over 950,000 multi family apartments entering the market. Some the hottest sunbelt markets can only be described as over supplied. It will take time for those markets to absorb the extra units.  ----------- Host: Victor Menasce email: podcast@victorjm.com

Ed Mathews is based in central Connecticut where he runs Clark Street Capital. On today's show we are talking about what forms of marketing are effective in today's environment. To connect with Ed, visit Clark Street Capital on all the social media platforms or check out his podcast at Real Estate Underground. -------------- host: Victor Menasce email: podcast@victorjm.com