My View: In real estate, it's no time for traditional thinking or actions
It's difficult to determine how the coronavirus will affect real estate without knowing how long the pandemic will last and its effect. Mark Stapp, executive director of the Master of Real Estate Development program, says it's severe and unlike anything we have experienced in recent times.
It's difficult to determine how the coronavirus will affect real estate without knowing how long the pandemic will last and its effect. Mark Stapp, executive director of the Master of Real Estate Development program, says it is severe and unlike anything we have experienced in recent times.
In this story published March 27, 2020, in the Phoenix Business Journal:
This crises will end, we just don’t know when. But when it does, what is left? I hope the industry, including lenders, recognize that just because they can foreclose, lock out, evict, doesn't mean it results in a better outcome and, possibly, it makes matters worse.
– Mark Stapp, executive director of the Master of Real Estate Development program and Fred E. Taylor Professor in Real Estate
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