JF 4182: Tariffs, Wage Growth and the AI Scare Trade with John Chang

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 15 February 2026

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

John Chang unpacks massive downward revisions to U.S. job growth and what they signal for commercial real estate. He explains how nearly 900,000 jobs were wiped out through revisions, why government data models are struggling in a post-pandemic economy, and how policy uncertainty and tariffs are weighing on hiring. John also addresses the recent AI-driven Wall Street selloff in brokerage stocks, arguing that fears of automation disrupting CRE brokerage and office demand are overstated. Throughout, he connects labor trends, wage growth, healthcare hiring, and consumer sentiment directly to property performance across sectors. Book your free demo today at bill.com/bestever and get a $100 Amazon gift card. Visit ⁠www.tribevestisc.com⁠ for more info. Try QUO for free PLUS get 20% off your first 6 months when you go to quo.com/BESTEVER Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at⁠ ⁠⁠⁠www.bestevercommunity.com⁠⁠ Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If you're a lead sponsor or capital partner in today's private markets, raising capital is getting more complex,
0:06.2	more scrutinized, and harder to scale without the right structure. That's why TribeVest is the industry
0:12.0	leader in building the infrastructure behind private market capital raising. They've solved the biggest
0:17.2	problem sponsors face, how to work with capital partners, aggregators, and networks
0:22.4	professionally without creating chaos, compliance risk, or friction for investors.
0:28.4	TribeVest has launched the Institute for Structured Capital, an education and operating system for
0:33.8	modern capital raisers.
0:35.5	There are two tracks, one for lead sponsors who want to build
0:38.7	a structured program around working with capital partners, and one for capital partners who want
0:44.1	to build a real capital aggregation business the right way. If you're serious about raising
0:48.8	capital at scale with credibility and structure, you can join the wait list at TribeVestisC.com.
0:56.0	Structure is the strategy for the modern capital raiser, and this is where the industry is heading.
1:01.1	Could AI help you do more of what you love? Workday is the next-gen ERP powered by AI that actually
1:07.7	knows your business. We help you handle the have-to-dos so you can focus on the
1:12.5	can't-wait-to-dos. It's a new workday.
1:18.2	Welcome back, best ever listeners, to the Horizon podcast. Well, it's almost game time.
1:25.1	The best-ever conference is this week, and on February 18th I will be back
1:30.6	in Salt Lake City, joining the best ever team to present information and insights on what's
1:37.5	happening in commercial real estate. I actually am just wrapping up my presentation and they were supposed to get it like, I don't know, a week ago or something, but I'm running late.
1:49.0	Too many things going on at the same time.
1:51.0	But it's looking pretty interesting.
1:55.0	I think I have a really entertaining and thought-provoking presentation this year. And I think there's some valuable
	...

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