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I spent several hours yesterday with some pastors who preach to large congregations in Middle America, primarily talking about a deal I am involved with them on. However, we had a long talk about the attitude of everyday Americans, how they see things and the future. The comments hold a number of major lessons for real estate investors and developers. There seems to be a general loss of hope or feel good across the country that results from the sense that Washington is just a bunch of people who prefer to score points, but who do not do anything useful to solve the country’s problems. They hate the constant political bickering and showmanship, and complete lack of leadership. As opposed to 2006-2007, there is no feeling of I can spend, I can have a bigger house, I can shop, the world is great. And that is not going to change anytime soon.

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