New York City real estate investor and developer

During that period, Avila notes, “the invisible hand of the market” – unaided by policy accommodation – kicked into high gear, tamed inflation, and ignited productivity and massively-retooled capacity able to keep pace with consumer spending and demand.

The hard choice – and one that Seymour Durst had in mind when he spoke of not wanting to see “the next generation crippled by this burden” – is for both policy makers and private sector leaders to get the economy’s “house in order.”

The outlook for this year, and near term demand is still very good,” says Avila. “When we peer around the corner at 2023 and beyond, we’ve got to make choices that will secure the health of the markets for that next generation.”

Join the conversation

More: