News: Owners Developers & Managers

Founder's Message: Time to smell the dandelions

After being told by neighbors that "There are no jobs available, so don't waste your time looking," an old friend of mine admitted that she didn't believe that and took a minimum wage job that started at 2:30 in the morning. "Lots of available jobs out there if someone is willing," she said. So I told that story to a recent college graduate who had told me that there were no jobs available. "Why not follow in my old friend's footsteps?" I asked him. "I'm way overqualified," he answered. "I spent a load of money getting an education. And I owe a bunch of school loans. I certainly can't pay them off with a minimum wage job." I guess he didn't learn how to do the math. No job, no income, no pay for anything. It brought to mind my first jobs when I left college. Bank teller - $45 per week. Selling shirts at Filene's - minimum wage. Camp counselor - $50 per week. New construction development mowing grass 8 hours a day - $75 per week. The college courses I took didn't prepare me for any of those jobs, but I ate three meals a day, paid rent, and had a few dollars left over for a few beers. Do you recall any of your early jobs? If you are over 50, I am sure you made sure that you had a weekly income, one way or another. What does the job market have to do with real estate? I'll tell you. The simple philosophy that "There is no such word as can't." Look it up in the dictionary. It ain't there. So, those who have not sold some parcels of real estate in the last four years because they believed it couldn't be sold, are now finally waking up and drastically dropping prices. If you read that real estate sales are growing, check the prices. They are lower than ever, but it is creating needed activity. Purchase and sales agreements were atrophying. Tell your owner that the time is here to wake up and smell the dandelions - no more roses for awhile. P.S. - If you know someone who says that they can't find a job, buy them a copy of the daily or weekly newspaper in your area and you will still find at least a page or more in the "Help Wanted" section. Roland Hopkins is founder of the NEREJ, Norwell, Mass.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains