What's up everybody and welcome to the self-storage income podcast and markets are in turmoil, stock markets dropping.

Tariffs are unknown. There is so much going on and a lot of investments have come to a standstill.

A lot of cash on the table. People are uncertain about the future. And investors, they're like,

is this the right time? Should I be doing this? When you're looking at self-storage, obviously,

through tariffs, increasing costs to build, develop, that puts development in question,

but just even the outlook on where's things going. So during times like this,

the question is, is now the time should I be taking action? And is this just noise? Where are the

signals that I should be looking for? And how do I overcome either to take action or at least know

that I shouldn't instead of just being paralyzed?

The hard part is there's ways to look at this, looking back historically, saying, hey, you know, when this happened, X, Y, and Z happened.

I mean, it's not a

crystal ball, but it gives you at least some data to work from, right? And so I want to touch on

that a little bit, but I also want to touch on, you know, your polls as far as development versus

acquisition. But first, first and foremost, from a market standpoint, let's talk like leading and lagging indicators and what you think,

you know, big picture macro this all means. Like, because we look at the stock markets kind of

like that leading indicator. Then, you know, the real estate's kind of that lagging indicator.

It ends up happening far later after the initial impacts of certain things. So we want to touch on that a little bit

and what you think that impact may or may not look like. Yeah, absolutely. I think there's a few things.

And this is the same thing happened in 2008. And we saw it and we talked about it before interest rates.

And with COVID, these indicators and what they

actually mean in relationship to particularly self-storage.

Before I go into that, though, everybody, we would love it.

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