Mind Your Business

By Stephen L. Burger, CPM®, CRX, CSM

This is the time of year for economic and business outlooks. EBMC delivered news this morning of Fitch Ratings’ global economic outlook, and the news is moderately good--delivered at the dual hands (says Fitch) of a Trump presidential win and the UK’s exit from the European Union.

We hold to the belief that if you ask three economists their opinions you will get four different answers, and all predictions of bull or bear futures must be taken with a spoonful of salt.For ourselves, we remain optimistic of what 2017 will bring, with little fear of the major downturn that was widely predicted at the start of 2016.

We come to this conclusion based on a number of factors. First is our own business activity--fueled by an ownership/investment clientele that is bullish on the market and a dedicated staff to serve them by serving our residential and commercial occupants with white-glove management approaches.

Next is the general tone of the market. In the local and national forums we attend--not the least of which was IREM’s recently held fall conference--the general tone is one of optimism, expressed by leaders of our industry.

Now for those economists. Since the start of the year, those who predicted gloom and doom for 2017 have retreated somewhat from that stance. In large part, this is due to the election. And please note, this is not a political statement. No matter how you voted, the cloud of unknowing has lifted and we at the very least know what we will be dealing with for the next four years. Taken together, this patchwork quilt of economic opinion forms a rather positive, upwardly revised view of the general outlook, creating an overall pattern of continued good, if not spectacular, growth.

What comes after remains to be seen, and as we have said before, anyone wishing to predict farther out runs the risk of once again having to back off from half-informed assumptions.

Finally, there is our own mindset, which is by nature positive and outward facing. Business leaders gain nothing with a doubtful approach to their business. Hiding under the bed in fear that something might happen creates a self-fulfilling prophecy. In good times and bad, the best course is to keep a steady hand on the tiller, read the market conditions as you know them and, in the most positive sense . . . Mind Your Business.

Steve Burger, President

As president and COO of Eugene Burger Management Co., Steve Burger is directly responsible for the overall quality, depth and consistency of management services provided in all 15 regions in the EBMC coverage map.

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