Bob Bohlen shares "things I believe and have thoughts about"

Last Wednesday, Bob Bohlen shared the following beliefs/thoughts with the Preview Properties.com prospecting group:

This recession will last at least another 12 to 18 months.

There has never in my lifetime been a better time to buy income real estate.

Cap rates will be at their highest in a long time (10 - 11- 12).

China will continue to grow and expand its influence greatly.

The stock market will rebound - generally it is 12 months ahead of the economy.

We will continue to phase out lots more real estate agents.

Fewer real estate agents will do more business.

The retail segment of the US commercial real estate industry will lag multi-family, warehouse, office and hospitality.

Michigan will end up being one of the states leading in alternative energy, electrical batteries, robotics and biotech. Note University of Michigan's purchase of Pfizer facilities in Ann Arbor.

Almost all - if not all - public relations and marketing money should go to the Internet and web-based marketing.

Education, coaching and attending seminars are more important than ever. We all need to stay out on the leading edge.

Obama's election will help change our country's feelings about itself and will improve our worldwide image for the next 12-18 months for sure. Then real performance will kick in, good or not so good.

REOs and short sales will be really significant for at least 2-3 more years.

There will be more advances in the biogenetic, energy and health fields in the next 3-5 years than in our entire lifetime to date.

The significance of LEEDs, green and reusable will be dramatic.

Anti-aging will become a very significant portion of the healthcare field.

Buyers are better than gold. Make sure everything you do is geared towards getting buyers. This includes discounted pricing on your listings.