Hey Gordon Gekko, maybe greed is not so good after all. Looks like a lot of your old Wall St. cronies are in a world of pain after gorging on greed and experiencing a delirious high on OPM (other people's money) for the past decade or two. Now a few power players are seeing the world through vertical bars and have given up their Palm Beach glow.
A bit closer to home, and my profession, a few real estate related professionals (I use the word loosely, and we won't even mention the Big Boy Bankers) and others involved in the housing market fiasco are being scrutinized for their actions during the wild housing feeding frenzy. The sharks were definitely playing in the real estate pool.
Placing the investigative microscope in any micro market would surely uncover a shady deal or two. Those shadowy deals are not always sealed in smoke filled rooms; many are closed with Power Point Presentations and promises of future rewards. Can we all say collusion? When done on a grand scale it damages the economy and threatens the stability of a nation. When executed on an individual deal it often slips beneath the radar, but if someone gains too much, someone else loses too much. Knowing your "too" (and the law's) will keep you out of the dirty pool players.
I learned early in my real estate career when to say, "No." I want to feel good about the work I do. I also like to sleep at night.
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.
Find Norma on: Facebook - Twitter - LinkedIn - Email Norma
Palos Verdes Homes for Sale - Palos Verdes Houses
Palos Verdes Horse Property - Palos Verdes Realtor Blog
Palm Desert Area Lots for Sale - Homes with Views in Palos Verdes
Palos Verdes Coastal Homes
Subscribe via ActiveRain - Subscribe via Email - Start your own blog on activerain!
Comments(3)