Investor frenzy is officially over
Posted by Pat Kitano at 8/27/2006 7:58 PM 
Categories: Realty Realities, Real Estate Economics, Events and Premieres
Categories: Realty Realities, Real Estate Economics, Events and Premieres
I had a chance to visit Learning Annex's Real Estate Wealth Expo in SF's Moscone Center this Sunday afternoon with a spare half hour before taking the kids to the movies at the Metreon next door... I did have a free pass into their exhibition hall and had a few revealing conversations within this quick cruise of the exhibition hall...
Since the Expo was winding down Sunday, I was deluged with brochures and tchatchkes flying at me from the exhibit booth sales people... they had to give it away or box them and fly them home... to be polite, I accepted everything and left with a 3-lb bag in about 30 minutes.
My favorite story - a marketing guy from a real estate data vendor relayed to me how their team had a Saturday morning breakfast to pump up for an Expo that only last March (five months ago at the same conference hall!) with Donald Trump gathered 61,000 attendees paying $49-499 per ticket. Hey, this weekend, Al Gore was touted to make an appearance (forgot to confirm).
It's the end of this marketing guy's dispirited day, and he's heard rumors that attendance this weekend was about 5,000. On Saturday morning, he was amazed that there was a picket line outside the convention center ... this is real estate, not politics ... and he took the picture above and transferred it to my treo. I told him, San Franciscans protest their rights to walk their dogs in parks with picket signs... On Sunday morning, the Expo organizers are scouting the streets outside offering free Expo passes to anyone...
I'm a believer in real estate investment and it's frankly efficient to see so many promoters in one venue just to compare their investment opportunities in Costa Rica, Florida, etc. So I'm all for the transparency that these investment forums provide... the business models of these real estate investment clubs and promoters now need tweaking to adjust to the changed market.
Technorati tag real estate investment
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