At present, what are the biggest problems in your industry?
Would you be able to comment on a problem you have in your industry that is being overlooked or totally ignored? Thanks for taking the time to assist us with your response.
[{"id": "iyv0rou", "text": "Data center space: Too many unsophisticated buyers chasing opportunities aka \u201cdumb money\u201d\n\nI\u2019d say the rising rates have helped a little bit but it\u2019s still seen as a safer haven in CRE so digital infrastructure investments are still super high", "replies": [], "depth": 1}, {"id": "iyv3dyf", "text": "proliferation of douchebags and salesbros\n\n&amp;#x200B;\n\nif you could write a few scripts to solve the problem, please do so", "replies": [{"id": "iyvw0g7", "text": "Ugh, and I just got my license renewed. I\u2019m in PM, and my personal email is inundated with dumb emails of \u201ccome work for us as an agent and make unlimited money\u201d. They really need to stop with the unsolicited texts too", "replies": [], "depth": 2}], "depth": 1}, {"id": "iyvfp61", "text": "I would say as a whole, the system depends on cheap money, a growing population and ever increasing rents and if any of those slows, much less reverses, the whole thing collapses.", "replies": [], "depth": 1}, {"id": "iyvgho2", "text": "Interest rates coupled with construction costs.   Combined they make development nearly impossible, because even in the strongest markets, with high demand (therefore high rents), yields are still at or below the cost of capital.   Lack of new product (particularly in multi-family) will exacerbate existing supply shortages not just in the near term (while costs/rents are disconnected), but for years (potentially decades) after the economy stabilizes.", "replies": [{"id": "izqd7xw", "text": "100% on dev projects getting a snag. My company\u2019s lending vertical (all equity) has gotten a lot of traction especially from developers who are more IRR driven and want to thin out their equity commitment", "replies": [], "depth": 2}], "depth": 1}, {"id": "iyvrpca", "text": "Low cap rates", "replies": [{"id": "iyw0m1t", "text": "This, but also I\u2019ve seen a ton on P &amp; Ls with ridiculously high operating expenses that could be cut by 10-20%.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iz0ltnb", "text": "Construction costs.\n\nI'm finding it very difficult to underwrite a project with current costs.\n\nI just received approvals for a project in October and I plan on being my own GC to control costs on this project.", "replies": [], "depth": 1}]