When the Going Gets Tough…Be a Leader

Terry Mock, SLDI Co-founder

By Terry Mock
Follow Terry on Twitter: @SustainLandDev

May 2008

Despite headlines that indicated a stagnant +0.6% U.S. growth in GDP during the first quarter, many experts consider the reality to be still uglier. Whether the entire U.S. economy is in a recession or not, there is little doubt that our industry is…and it appears to be getting worse in Q2. Most land developers I’ve talked with agree that lenders are underestimating what lies ahead because their loan-loss reserves are nowhere near sufficient.

The Federal Reserve released its quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices on May 5 and, as expected, historically soft demand and further tightening of lending standards were reported near or above historical highs for nearly all loan categories. Further pricing pressure on real estate through the year, with a trough in 2009, is expected by many.

It is against this backdrop of fear and uncertainty that leaders emerge. On May 2, Envision Central Texas Presented Community Stewardship Awards to people, projects and initiatives advancing the region’s vision to preserve and enhance natural resources, economic vitality, social equity, and overall quality of living for generations to come. On the same day, at the Sustainable Land Development Leadership Conference under the auspices of the newly formed Sustainable Land Development International (SLDI), it was announced that, from a field of five outstanding finalists, Carma Colorado’s Tallyn’s Reach had won the 2008 Visionary Project Award for creativity, vision, and the implementation of best practices in land development.

It is this ability to advance in the face of adversity that separates the winners from the losers during times such as these. Past business cycles have shown that fortunes are to be made by those who can stick it out. While every situation is unique, the best advice remains “Hope for the best, but plan for the worst”. As described by SLDI Board Director Skip Preble in The Last Word article entitled “Hang In ‘Til 2010“, history indicates that builders and developers who react quickly and effectively to changes in market conditions will survive, while those who postpone dealing with the crisis do not. Be proactive. Differentiate yourself. Be a leader!

Your participation and comments are welcome.

Sustainable Land Development Initiative

For the latest SLDI tweets, click here.

The 21st century will overturn many of our previously-held assumptions about civilization. The challenges and opportunities land development stakeholders now face – to fulfill the needs of society and achieve a favorable return on investment without harming the environment – have vast implications on the sustainability of our communities around the world.

SLDI - Sustainable Land Development Initiative is a stakeholder social media association now positioned to help transform the industry that creates the very infrastructure of our civilization. SLDI is dedicated to delivering sustainable land development technology and knowledge resources to promote and enable fully integrated sustainable land development worldwide.

How do we develop a sustainable civilization?
By delivering the "holy grail of sustainable decision making" - a universal geometrical algorithm that balances the needs of people, planet and profit - The SLDI Code™
The World’s First Sustainable Development Decision Model is symbolized as a geometrical algorithm that balances and integrates the triple-bottom line needs of people, planet and profit into a holistic, fractal model that becomes increasingly detailed, guiding effective decisions throughout the community planning, financing, design, regulating, construction and maintenance processes while always enabling project context to drive specific decisions.

2400 Green Street, Suite 201
Dubuque, IA 52001
Contact: twernke@sldi.org

SLDI Co-founders:
Terry Mock
Tony Wernke

Read The Fractal Frontier - Sustainable Development Trilogy.
Read Developing a Sustainable Endgame for the Global Economy
See history and evolution of SLDI @ SLDI Foundational Articles

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