“Dad Is Rarely Wrong, Usually Early”: Interview With Ross Perot Jr.
Caught him quickly emerging from builder extraordinaire Mark Molthan’s Luxe Showhouse at the Creeks of Preston Hollow, a gated Hillwood development at Inwood and Royal Lane. Wanted to ask him how things were going at Hillwood’s beach-front development, Peninsula Papagayo, in Costa Rica. Swimmingly: sold two lots and since other developers have backed out or put nearby projects on hold, PP is the only luxury development in that area. Also couldn’t resist asking how he thought we’d survive the Walt Street meltdown:
“We are very lucky to be in Texas right now,” he said, where we have great leadership, a pro-growth and business climate, light regulation and affordable homes. We never had a crazy run on housing prices here, he said, and we have a great quality of life in Dallas. While we are part of the global economy, the three most recession-proof places he can think of right now are Dallas, Dubai and Abu Dhabi. Development is slowing, credit is clogged (but there are signs that Washington’s medicine may be starting to work to get credit markets moving) and it’s a great time for the right people to buy real estate – no tricky mortgages. Both parties contributed to the mess — folks are waiting to get this election over. The whole country — the world –must come together, work together, to solve this. Just like the weeks post 9/11, it’s important that people don’t stop, don’t freeze. Yes, his Dad did warn us the country was in trouble, just as he warned us about General Motors in 1992.
“Dad is rarely wrong,” said Mr. Perot, “He’s just usually early in his predictions.”
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