equitable outcomes: There are Times when Even the Best Laid Plans Aren't Good Enough
- 02/16/19 03:57 AM
The majority of associates and brokers I know weren't around when mortgage interest rates peaked at 18%. It was the worst of times and the best of times. I began my real estate endeavors in an 8% mortgage environment which crept up to double digits within 5 years and reached their apogee 3 to 4 years later. That early introduction to volatile financial markets brought out a lot of creativity from agents. The saying "when the World gives you lemons, make lemonade" was all too appropriate for the Real Estate industry.
The transition from residential to investment real estate was how we … (13 comments)
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The majority of associates and brokers I know weren't around when mortgage interest rates peaked at 18%. It was the worst of times and the best of times. I began my real estate endeavors in an 8% mortgage environment which crept up to double digits within 5 years and reached their apogee 3 to 4 years later. That early introduction to volatile financial markets brought out a lot of creativity from agents. The saying "when the World gives you lemons, make lemonade" was all too appropriate for the Real Estate industry.
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