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Pop goes the weasle
Late June back in 2005 the real estate market was overheated , The Big Short was in it's infant stage and a New York Times reporter made his way to Frederick Maryland looking for information on the local market. One of the staff members at the Frederick County Association of REALTORS® steered David Leonhardt in my direction. I spent a couple of hours discussing the current housing market and introduced him to our top new homes salesperson, Betsy Cain. The conversation evolved into the rapid achievements of a young agent in the office who was doing very well. David was enamored by Betsy's success story about Mike Murren , so we found him in the office and he joined the conversation. We discussed the many young agents entering the business and how the real estate and building industries were the main cog in the economy with links to many job sectors.  David then asked me what if the market were to take a sudden down turn? I replied; many of the young agents who recently entered the real estate world do not know the meaning of a price reduction and have never had to ask for one. If we were to go ... more

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