We do have a sophisticated group of investors though, and when we have a property that is not a "good" deal, we end up sitting on it.

Phoenix, Las Vegas, etc.) following the credit crisis, but since they are sophisticated players who are motivated first & foremost by profits, it is only a matter of time until they want to monetize/maximize their investment, and that will almost certainly require significant renovations to their properties thereby further enhancing the quality of the neighborhood.Also, an interesting comment about Willard Park. 

What others are trying to say is being more sophisticated in spamming isn’t the right approach. 

Fewer wars started by the USA which will have much less influence (there won't be the imports to build the machinery and the money to build as much war machine)5.

The biggest issue with emails and letters is that you are leaving a paper trail, so (some) more sophisticated borrowers will send all of them to their attorney.

I am not sure whether Brian still accepts sophisticated but unaccredited money, though many of us do.

We use the SEC 506B exemption and allow sophisticated investors into our deals once we have developed a substantive preexisting relationship.This is a must before anyone can syndicate with us.

They are, technically, they as a whole, are usually the least sophisticated of the lenders.

Neighborhood has much to do with who will live there.I've had some nicer homes in good areas, that brought well paid and educated tenants, but if they turn out to be jerks, they can be jerks at a more sophisticated level causing as many headaches and problems than some poor late payor.

I think the real change will be that the large PE firms and hedge funds will be able to act faster on deals when they hit the market because they are accustomed to using sophisticated trading systems to determine the value of other investments (including commercial RE) and have tons of cash ready to put to work.