Darrin: Chris, Ressa, what is the BIGGEST RISK?
Chris: So I think both from a real estate end and a retail end. The BIGGEST RISK is human capital.
And you know, when you have an industry. That's been hammered by Headline News, both the retail and the real estate. When someone really bright and smart graduates college, is that the industry they want to get into? And to solve the problems and the challenges that we were just talking about, you need really sharp, talented people. From an industry perspective, you know, I always want those at DLC, but from an industry perspective, retailers, real estate, everybody needs really smart, sharp, talented people.
Getting retail, you know, getting the bright, sharp people into retail store management training programs, you know, I don't know, one last time talked to a millennial, but the last time they said, when I graduate college, you know, I want to work at you know, I want to be the store manager of Wal-Mart that, you know, I don't hear a lot of people doing that. And I think it's a great job. And there's a great career path.
But the biggest risk is human capital, both on the retail side and the real estate side. You know, in the Great Recession and the real estate side is not limited to my world, but in the Great Recession, you know, in all commercial real estate, very few people were hiring in 2008 to 2012. So you have this labor shortage. And I think the greatest risk is if call it commercial real estate and retail. If all the all the most talented people in the world move over to the tech world and no one comes into real estate, I think that's the greatest risk the industry has.