Baseball's stolen-base revival is a useful reminder for investors: when the rules change, the old risk calculation can become stale almost overnight.
Real estate decisions are often made from inherited assumptions. Good operators revisit those assumptions when pricing, financing, technology, tenant behavior, or operating costs change the math underneath the decision.
Alpha comes from better judgment under new rules
The point is not to chase every trend. The point is to know when a changed environment makes a previously marginal move newly attractive, newly risky, or newly necessary.