It’s interesting to me that undoubtedly we are in a residential real estate recession, but commercial real estate continues to do great.  Why?

People still go to Auto Zone to work on their car – I just changed out my battery there and the mechanic that helped me said: “our business is booming”.  I continue to see from their real estate department that the company is continuing to expand and execute triple net leases, or sale leasebacks, whatever you prefer.

People still eat out at Mcdonalds – I was a purveyor yesterday morning for breakfast, and can now attest to why they continue to win in blind coffee contest.

Most entrepreneurial activity happens when downturns occur.  Importantly, small businesses add the most jobs to our economy, not the big corporations.

Bottom Line – not only am I bullish on commercial real estate, I am bullish on America.