Chance After Pinch

In Japan, there is a phrase that a good chance will come after pinch. Look at the current real estate market, where we have seen so much blood shed in the battle field. What we see evey week is bankruptcy and insolvency of developers, construction companies and property fund managers.

There is no doubt that the job of asset management will not gone, because so many properties have been securitized. Some funds went to the toilet, but others did not. The property prices have been way down, where there must be a good opportunity to buy them at a resonably cheap price.

The real estate business is the business combined with gut, energy and creativity. We need to survive this difficult markt and be prepared for the good opportunity to come.