National Real Estate Investor
Donald B. Wilkerson, Dec 20, 2018

Those of you who know me well know that I'm a glass-half-full kind of guy. I find it interesting then when I hear concerns over a possible correction coming in 2019.

Now, just to be clear, no 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. Essentially there are three reasons why I find no cause for concern.

First 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—management that is attuned to the value enhancement of properties in the strategic interest of our ownership clientele—becomes even more critical. Read more.