COMMENT OF THE DAY: BREAKING IN THE NEXT GENERATION OF HOUSTON REAL ESTATE GO-GETTERS “Back when I worked [in] real estate, being a visionary was something of a liability. I’ve been laughed at in my face before by coworkers because I pitched an idea that was outside of the box.
I made a couple of investments that were . . . driven by creativity, interest, passion, vision, legacy, AND also by ego. And on paper, they also made sense financially, but they turned out to be money pits. I really believed in them at the time and made an honest-to-goodness effort. But now I’m broke (and feel broken), am doing temp work for the Census, have no other prospects, and am looking at military options. The only redeeming quality about these investments is that they’d be so difficult to sell at this point that the bank doesn’t seem to want them back.
If I invest again in real estate, it will be a much more boring endeavor, a commoditized investment following a traditional set of strategies. I’d want for a contractor to be able to show up at the job site, glance at the plans, and know EXACTLY what to do because they’ve done it a hundred times before.
‘Build me a rectangular prism.'” [TheNiche, commenting on Weingarten Plans an Alabama Theater Demolition. Is Staples Moving In?]