This is hilarious Welch quoted at Conference skate over beverages balance sheet suck fees sot and now he has come to Jesus moment
Welch said the ultra-low interest rates of the past 13 years weren’t normal and the current rates aren’t historically out of line. Real estate owners, however, have to be even more focused on their balance sheets in the current environment.
“You can have the best piece of real estate and put a lot of debt on it and lose a lot of money, and you can have an inferior asset and no debt and make a lot of money,” Welch said.