Dear Members and Friends,
It’s morning coffee time and my thoughts have been percolating since dawn. Last week I shared my views on four macro issues that I believe should be of paramount concern and taken into account as we speculate the future in our changed world. My letter was light on real estate, for two reasons: 1. The situation is fluid, and some of the themes I talked about will take a while to actualize and fully be understood for real estate investments and 2. If I had gone down that path, my letter would have gone on for days.
Here is how I see things starting to shape up:
This Memorial Day is an opportunity for us to reflect on just how thankful we are for the great men and women in this country that have provided us with the safety and security that has brought us this far. No virus will defeat us, and there are no challenges that we will not overcome. I am thankful for your confidence and support and, of course, your friendship. Remember, real estate ownership provides solace in times of distress. Embrace that thought and know that you are in good hands with us.
Lawrence N. Taylor