Once they call I try to calm them down and go from there.  

In situations like this, I find it is best to try and stay calm and not show you are angry. 

Or what about the syndicator who wanted to complete a condo conversion but the units are going to be geared towards empty nesters and that buyer is not motivated to make that next move until rates calm down & the GP is forced to continue to carry a building as a rental asset when that's not its true or highest and best use but still projects to be an excellent development once the market conditions are better aligned..... 

We do a waterfall structure and most people want the class was they will get a higher/quicker return instead of waiting long term to get a higher return.

For the GP waterfall we carver out the 30% share with 15% of that for the KP role which is negotiable. 

Many operators are doing 70/30 splits currently and the waterfall seems reasonable too.

I am not getting in to about tax laws today but interest rates have been used as a tool to calm down the inflation spawned from a hot economy.. thats not the case this time, we got inflation from a supply chain problem (lazy brats with everybody sitting in their duff economy) Now its just my opinion, problem I fear most, is the feds will misdiagnose the problem and hike interest rates than will bring stagflation.. and at that point all bets are off  

To the fearful person, it may be more calming for them to rent (i.e. it's easier to get out of a lease than to get out of a mortgage if all hell breaks loose in the world again).

If you start changing specifics... adding waterfall models, or pref vs no pref...these all change your ppm.Mauricio Rauld is who I'd start with there. 

It all seems to just be "oh, they sky is falling because I feel it's falling so it must be falling and how dare you tell me to calm down because THE SKY IS FALLING!".