Brian Bushlach

Feedback Media CEO - Business Journals & Sports Business Journal Podcast Host - Insurance & Real Estate Executive. Dad, Christian, LEGO VIP.

[Brian Bushlach @Bushlach]

@jimmydean197 And yet the real estate industry spin continues to revolve around "high" interest rates, "when interest rates drop" and/or the warning of "pent-up demand".

[Brian Bushlach @Bushlach]

@saabur @HubieTalksHoops "You are looking live..."

[Brian Bushlach @Bushlach]

@terrylyons @HubieTalksHoops Legends in the truck!

[Brian Bushlach @Bushlach]

@jimmydean197 @CODaily Tell us you're a "state planner" from Oregon without telling us you're a state planner from Oregon. ODOT is BK but hey, how about this idea? While we're at it... maybe add light rail too?

[Brian Bushlach @Bushlach]

@jimmydean197 And home prices 10-30% lower depending on the zip code. 👍

[Brian Bushlach @Bushlach]

@mrbriggens @jimmydean197 I see these massive monstrosities sticking out like an abscess! How did that project even get approved? And whoever paid almost $1M is screwed.

[Brian Bushlach @Bushlach]

@kerryeggers As always, THE BEST tribute with the most meaningful memories. Thank you Kerry for this trip, as the Schonz would say "lickety brindle up the middle" of Blazers memory lane. What a wonderful group of coaches and players, Rick, Wetz and especially Jack Schalow. RIP Coach Adelman.

[Brian Bushlach @Bushlach]

@jimmydean197 Wonder how many of those high end sales were cash...

[Brian Bushlach @Bushlach]

@gcollinstx And now the iconic Neiman Marcus downtown location closing confirmed for this fall...

[Brian Bushlach @Bushlach]

@TheDunkCentral Adjust your bets accordingly...

[Brian Bushlach @Bushlach]

@ScootBarley Accurate. I lived in Portland and saw the downtown decline start in 2010, years before it made headlines. Moved to Seattle and saw the same there 2017-18 prior to Covid. When the focus and $$$ shift from a city's downtown core its a recipe for a lot of bad stuff.

[Brian Bushlach @Bushlach]

@SayMane901 @NBA_Coaches @Jeremy_Wright3 Same in Portland... 😥

[Brian Bushlach @Bushlach]

@woolf_kris @bryanrbeal Same low inventory on jet skis across the country. At that price point, it's the last domino to fall, and that will likely happen after summer's over.

[Brian Bushlach @Bushlach]

@Bunch0numb3rz @jimmydean197 In fairness to the macro conversation, insanely record-low interest rates also poured gas on the smoldering embers of GFC- a decade of no or low construction. Add few, if any, limits on investor purchases particularly in markets like Boise. Lots of contributing factors here.

[Brian Bushlach @Bushlach]

@Bunch0numb3rz @jimmydean197 I agree and don't see a bloodbath either. But I do see a widespread and significant price correction, likely in a more orderly fashion as we've seen in CRE the past few years. The H1-B reset outflow is also going to heavily impact markets like DFW, Seattle and the Bay Area.

[Brian Bushlach @Bushlach]

@jimmydean197 We've officially entered "catch a falling knife" territory, and anyone over the age of 40ish who lived through the GFC and even remotely follows economic news is having flashbacks.

[Brian Bushlach @Bushlach]

@jimmydean197 @Bunch0numb3rz 💯Jimmy Dean, preach! Just look at the flood of homes in "hot" markets- Idaho & TX, at ALL price points. There aren't that many $1M+ buyers pouring into Eagle, Idaho, Bend, or even the Dallas north suburbs.

[Brian Bushlach @Bushlach]

@Bunch0numb3rz @jimmydean197 I agree with your rate forecast, that's realistic. So many people hope for a quick rate drop, but that would likely take something catastrophic and that's obviously not good either.

[Brian Bushlach @Bushlach]

@Bunch0numb3rz @jimmydean197 I don't see a GFC meltdown, millions of defaults scenario either. But WHEN do rates magically drop even 100 bps to spark interest? In the meantime, inventory piles up, and RE is always driven by supply & demand. Prices must correct for a healthy market.