Jim Costello, Chief Economist for MSCI Real Estate, discusses the state of real estate investing in 2023 and the challenges of a very different economic climate.
https://www.afire.org/podcast/ep202301/
Optimism seems to be rising in real estate firms despite the considerable economic and geopolitical headwinds investors face in 2023, but is that justified?
Even if the Federal Reserve lets up in the next few months, it is difficult to believe that the world will return to “normal” this year.
Jim Costello, Chief Economist for MSCI Real Estate, sat down on February 2, 2023 with AFIRE CEO and podcast host Gunnar Branson to talk about how the environment investors face in 2023 is fundamentally different than 2022. COVID may be less of an issue, but serious challenges remain, whether it’s inflation, supply chain issues, dramatic change in the use of office properties, and housing shortages—2023 will not be an easy ride.
How will climate change affect the continued growth of the sun belt? What kind of distress are we likely to see? What are the opportunities and what are the costs?