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Coffee Hour with BEAT agree. So, as we move into the summer, we will be cautious, but we will also be focusing on celebrating victories of all sizes.
As I sit here writing this article on Memorial Day, I reflect on the meaning and importance of this day. Today we celebrate and honor those who made the ultimate sacrifice while serving in the armed forces. May we never forget our fallen friends. Freedom is not free. America is the home of the free because of the brave. Memorial Day has also come to serve as an unofficial start to summer with camps for the kids, family vacations, going to the beach and cookouts. And as summer begins, I can’t help but think that at Avalon Park Group I sometimes wish we could just take off for a month, enjoy the summer, not look at e-mails, and have no meetings or deadlines. Then I reminded of something that one of my closest business partners and friends said. He said that at APG we are often more concerned about planning for what could go wrong, than celebrating our many victories, and I had to
65% of low-income families’ bank accounts have higher balances then they did at the end of 2019. It looks as though consumers are likely able to continue As many are making spending for a while. plans for the summer by filling up the car with Sometimes I play to our gas or buying a plane management team the ticket, they are feeling it song “The Gambler” in their wallets. And as from Kenny Rogers: a result the question that “You got to know when I keep hearing asked to hold ‘em, know when to myself and others is, to fold ‘em, know when “Are we headed for a to walk away, and know recession?” when to run.” The last severe recession was back in 2008, and it was catastrophic for the real estate industry and millions of homeowners lost their houses to foreclosure. Countless companies went under, household brands in finance and banking like Washington Mutual, Colonial Bank and ING closed their doors for good. And in the real estate industry homebuilders like Levitt Homes, Mercedes Homes and many others went bankrupt.
for a downturn, at APG we are cautiously continuing to move ahead with our longterm plans. As we did in 2007, we never stopped building, and we will not do so now. We just signed a contract to build a 3-story mixed-use building, which will have a Marketplace food hall and The 5th Floor co-working space in Avalon Park Wesley Chapel. Additionally, lot development continues in Avalon Park Tavares and our Texas operations. These are all victories we will kick this summer off celebrating! While we will be mindful of a likely downturn, we will proceed, but proceed with caution.
Do I believe that we are back in 2005, when I wrote in this paper the column “Homebuyer Beware” and found it “was time to run” from the housing market? Is this the reason we sold our homebuilding company 6 months ago? And are otherwise selling some of our real So, while we continue estate assets? I admit in to keep a close eye on that in part the economic the economy, we are climate feels like this, also encouraging you to however I also believe enjoy the summer and that 2022 is different celebrate the victories. than the great recession which started in 2007. Have a great summer! While worries are Right now, in many certainly mounting, and places people sound I advise you to prepare as though a recession is already here. Yet, so far, what people say and what people do - Have an inclusion for the Avalon Park Sun? seem to be two different Email: info@AvalonParkSun.com things. On OpenTable restaurant bookings - Editorial Staff: are still above the Publisher: Beat Kahli pre-pandemic norm, Copy Editor: Stephanie Lerret America’s retail sales are Graphic & Layout Editor: Kenzie Farrish still increasing, and hotel occupancy continues to 407.658.6565 improve. Additionally,
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