Houston's Five Biggest Challenges
June 6, 2014

#3: Acting Like a Kid in a Candy Store

Savills Studley managing director David Endelman says our biggest challenge is staying disciplined. A lot of people are making a lot of money, and one can't help but be eager to participate. (It's the first lesson of kindergarten: bulls and bears make money, pigs get slaughtered... we went to an alternative school.) However, while overly aggressive underwriting can help you win deals, David says you don't want to be the person stuck without a chair (and instead holding a cost basis that market demand can't support) when the music stops. Will we manage inventory well enough to get through the next downturn without too much of a glut?

Houston's Five Biggest Challenges

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