Magazine article Real Estate Issues

Editor's Statement

Magazine article Real Estate Issues

Editor's Statement

Article excerpt

It must have been sometime in the late Eighties that I overheard a conversation in the office lunchroom. The dramatis personae were two of the twenty-something staff of our company, and the subject was the upcoming Corporate Challenge race in Central Park. Said one to the other: "We have to get in shape for this. We can't let the old guys beat us again this year." Into my mind leapt the thought, "When did I get to be one of 'the old guys'!"

Come November, the Counselors of Real Estate will be gathering in Miami Beach to mark the 50th anniversary of our Society. Fifty years young, and still in our growth years. Nevertheless, the CRE organization can take considerable pride in the accumulated experience of our membership. That experience is not just the passage of time, but it is the assimilation of life into thought the gaining of perspective, and achievement of a standpoint from which the future opens up.

I've long been guided by a research approach suggested by a Canadian Jesuit thinker, Bernard J.F. Lonergan, in a study entitled, Insight: An Essay on Human Understanding (Philosophical Library: New York, 1957). Lonergan, in this and other writings, proposes a four-level structure to intellectual activity: experience, understanding, judgment, and decision. In real estate research, experience and understanding entail working with historical information--data and analysis--to make sure we have a solid command of facts and trends. …

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