Commercial Real Estate Pro Network

BIGGEST RISK with Mike Kaeding

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Synopsis

J Darrin Gross I'd like to ask you Mike Kaeding. What is the Biggest Risk?   Mike Kaeding   Such a good question. I'm going to answer it in three parts, three levels. The first level is the surface level, which is today's some of the bigger risks of the economy. Specifically rise in interest rates has that has a negative effect and debt proceeds used to fund new construction and just deals in general. But if we take it a step further deeper, which you realize is that those kind of problems happen all the time. It's this year, it's interest rates next year, it might be employment. After that it might be a supply chain, just something totally different. And so the deeper level, the deeper risk, there's level two, is making sure you have the right people. Because if you have an amazing quality team that can solve the biggest, most challenging issues, they solve those problems, they start unlocking doors and making things happen that you didn't know could happen. They have the capacity to pivot and change with th