by Terry Moore, CCIM | May 21, 2020 | Apartment Investing
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” That’s how Warren Buffett described his investment strategy in a 1986 letter to shareholders. It’s easy to understand, but hard to implement because it...
by Terry Moore, CCIM | Apr 30, 2020 | Apartment Investing
A smart friend presented at the Urban Land Institute (ULI) national gathering in January. He noted that we never know in advance what causes the next recession. He mentioned that if the Chinese virus were especially contagious, it could reach the US and cause...
by Terry Moore, CCIM | Apr 23, 2020 | Apartment Investing
Crisis happens when we must make important decisions quickly in uncertain times. The information is incomplete and conflicting. The relative importance of various factors differ from what used to be true. The lucky and the wise do amazingly well. The unlucky and the...
by Terry Moore, CCIM | Apr 16, 2020 | Popular Blogs, Public Issues, Top 30 Blogs
Life is full of trade-offs. We’re fighting the coronavirus pandemic. So, we trade the economic cost of “flattening the curve” against the lives saved. We trade the debt we leave for our grandkids against mitigating economic disruption. Acknowledging these trade-offs...
by Terry Moore, CCIM | Apr 9, 2020 | Apartment Investing
Last week a nervous rental owner told me that he expected 75% of his tenants would not pay their April rent. Yesterday he told me that that all rent was paid. Last week more than a dozen rental owners were terrified they would have to borrow money when the residents...
