LONG BEACH, CA-Real estate will return to its glory days, it'sjust a question of when. So said economist Ben Stein to nearly3,000 building owners and managers at the Building Owners andManagers Association 2010 International Conference & the EveryBuilding Trade Show. The lawyer, columnist, author, professor andhumorist served as keynote session speaker Monday morning at thethree-day event at the Long Beach Convention Center.
"The time will come when real estate is a glorious subject againrather than a dismal subject," Stein assured the audience. "Italways comes back.”
Stein pointed out that building owners and managers fightstruggles with banks, fight with difficulties such as trying to geta tenant, then trying to collect rent from that tenant, then tryingto resolve complaints, lawsuits and other difficulties on aday-to-day basis. “You have every conceivable roadblock in yourpath. You face an uphill battle every day. But things will getbetter.”
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