In today’s highlight episode, we’ve compiled some incredible insights from our esteemed guest, Brian Bailey from the Federal Reserve Bank of Atlanta. Brian shares a wealth of knowledge that I’m confident will be invaluable to our listeners, especially those involved in commercial real estate.
Brian provides an overview of the current state of the economy, touching on the resilience of the U.S. economy despite the headwinds and tailwinds it’s facing. He discusses the impact of the Federal Reserve’s interest rate hikes and how they traditionally lead to a slowing economy. However, he points out the robust job growth and the deceleration from previous years.
We delve into the accuracy of commercial real estate values, with Brian expressing that they are more challenged today due to various factors, including job growth, population migration, and consumer spending. He highlights the overbuilding in the luxury multifamily segment, which contrasts with the shortage in workforce and affordable housing.
Lastly, Brian and I talks about the potential impact of decreased property tax revenues on municipal services and how this could affect commercial real estate owners. We also cover the significant increase in insurance rates and the strategies operators might employ to mitigate these risks.
Thank you for tuning in to today’s episode. Remember to like, subscribe, and share The Real Estate Syndication Show with your friends. For those looking to build wealth in real estate, head over to lifebridgecapital.com to start investing today.
Click the links below to listen to the full episodes and gain valuable insights from Brian Bailey on the current state of the economy, commercial real estate values, the health of banks, increased expenses, and more!
https://lifebridgecapital.com/2023/09/28/challenges-and-opportunities-in-commercial-real-estate-lending-brian-bailey/
https://lifebridgecapital.com/2023/09/29/the-impact-of-insurance-and-property-taxes-on-real-estate-investments-brian-bailey/
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About Brian Bailey:
Brian Bailey is a Senior Policy Advisor at the Federal Reserve Bank of Atlanta, specializing in Commercial Real Estate (CRE). He monitors trends in finance, industry dynamics, and valuation. He has spoken at numerous venues, including the Wharton School and U.S. Federal Agencies. His previous roles include positions at Tavistock Group, Flagler Development Group, and EY (Ernst & Young). He founded an industrial development company and started as a local appraiser. Brian holds a BA from Mercer University, an MBA from the University of Florida, and CCIM & CRE designations.
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