Fiscal cliffs, Obamacare, the Mayan’s ‘end of the world’, Greece and the Eurozone collapse, Global Warming, North Korea testing long range missiles…. and that’s just for openers. This decade is setting itself up to be a doozy: The Geopolitical climate is providing a seemingly endless supply of water cooler chatter and cocktail party fodder. Only now there are few, if any, water coolers and cocktail parties – having given way to organic, virtual forms of exchange with limitless capabilities for group and individual expression. The challenge now is to sift through, or perhaps better said – ‘filter in’ the information of most use at the right time.
My strategy is to confine or organize how and what gets through by industry – in this case the ‘Real Estate’ industry. It is hard for me to imagine an industry that has experienced more sustained turmoil in the last half dozen years and there appears to be little to suggest it will abate any time soon. As long as I care to remember, the conversation has always come back to ‘profitability’ or lack thereof. There are a host of very important topics and trends to consider (filtering in) that offer ample opportunity to better understand how tens of thousands of real estate enterprises drive towards that elusive bottom line affectionately referred to as ‘the company dollar’. And that in a nutshell is the purpose of this publication.
Franchises, Independents, Large vs. Small, Boutique, Consolidation, Virtual, Fee for Service, Concierge, the list of Brokerage/Business models are the subject of endless opining and debate. Add to this a substantial dose of ‘enlightened consumerism’ and let’s not forget our 535 friends in Congress and we have the makings of a first class business case study for the ages. But let’s leave the academic autopsy to the class of 2025. For now it is enough to know that, large or small, affiliated or not, the company dollar is under more pressure than ever.
Author and Editor-in-Chief