Barrack Jr. explained that the way to get the train moving againis not by blaming people.Congress is lashing the banks for lendingto those who shouldn't have borrowed, he explained. "It's notanyone's fault," he said, "it's a cycle…it's not real estate'sfault or the financial world's fault, it's everybody's fault."

The way to thrive in the worst of times is to give up the past,he explained, noting that everyone's goal is to survive in order totake advantage of the opportunity. "Give up the expectations youhad…they are all wrong, and the people who adapt will be in themiddle of the greatest distribution of wealth we have ever seen inhistory," Barrack Jr. said.

On a bad note, Barrack Jr. explained that in his opinion, "theeffect on commercial real estate hasn't even been felt yet." Thebeginning of the end, he added, is to "fix the banks."

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.