Real Estate Developers
topic on 4 shows · 4 statements across 4 episodes
Founders 
the Paul Morris Podcast 
the Startup Ideas Podcast 
WTF is with Nikhil Kamath
4 statements about Real Estate Developers, every show
Morris: Real estate developers reject deals projecting under 50% returns
“Merce's clients would Not take a deal. Absolutely not. Unless they were looking at a projected 50% return. Now, you know, things happen and there's risk involved and that's why they're looking for a 50% return, but they do just as often a 60, 70, 80 as they do…”
Huber: Most Local Wealth Comes from Boring Businesses, Not Tech
“The wealthy people that I know, the wealthy people in my town the ones with giant beach houses in the outer banks and private jets at the local airport, almost all of them did something boring underground utilities, a surveying company, HVAC business, you know…”
Sam Zell: Real Estate Developers Inevitably Overbuild When Given Easy Capital
“There is one generally infallible tenant when it comes to real estate developers, no matter how disciplined they might presume themselves, given access to easy money, they will feed at the trough and overindulge.”
Shankar: A property developer's primary function is project management
“I feel like the role of a builder is to be like a project manager. So we're just managing everything, but we subcontracting the laborers while we have architects to oversee the whole design development, you're outsourcing the actual drawings, et cetera, to oth…”