On Broker Efficacy -- The Straight Skinny

"Nam et ipsa scientia potestas est." -- Sir Francis Bacon (or simply: Knowledge is power)

There is an old joke which tells of 3 men stranded in a lifeboat--a priest, a rabbi, and a real estate broker...
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12/15/08 Revisited

Exactly one year ago today and 3 months after the collapse of Lehman Brothers I uploaded a webcast discussing the downturn which concluded... Read More...

Moving right along

"Long lakes are what the rivers shall be
Named in later days...
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WOW, VOWs!, transparency and a coming Real Estate Revolution in NYC

Virtual Office Websites are coming to New York City--what will it all mean... Read More...

...and the bleak shall inherit the earth?

"philistines!"
--William Rufus Wright when learning his housemates had rejected a prospective member for reasons unrelated to her worthiness.

Previously I've mentioned the heuristics and cognitive biases that often rule our behavior and lead to decisions which reflect a false reality. Since the financial crisis began, the lending institutions who supply credit (and whose subliminal--or maybe not so subliminal--greed along with their disregard for regression toward the mean contributed to the crisis) have now adopted overly strict policies fueled by loss aversion... Read More...

This isn't Kansas; and when bad news is actually good news

There seems to be a strange doubleness here.
--Neil Hertz, Professor of English, Johns Hopkins University


Well, I woke up this morning feeling a bit bi-polar myself, so what better time to discuss two real estate dichotomies:
Manhattan v. Other Parts of the United States, and Housing Starts as Bad News v. Housing Starts as Good News... Read More...

MRTA (must read to appreciate)

Customer: F.U.N.E.X?
Waitress: S.V.F.X.
Customer: F.U.N.E.M?
Waitress: S.V.F.M.
Customer: O.K.L.F.M.N.X.

--heard while sitting at the breakfast counter at a T.G.I.F.


When did it all start, this "acronym thing"?

For me it first struck when...
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Good-bye, Mr. Chips

You must be willing to die in order to live.
--Amir Vahedi (professional poker player)

Which brings us to War story #7
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Have you ever gotten to second base?

What does Inside the Actors Studio and selling real estate have in common? Read More...

Ah wonna-ful, ah wonna-ful, but please, turn off the bubble machine.

(A Baby Boomer reference with apologies to Lawrence Welk / Go retro, Millennials, and you'll find out what I mean)

Last night, The New York Observer, New York's only Leftist, Rightest, Centrist Newspaper held its Third Observer Living Exhibitors Showcase, and here's what went down... Read More...

The Board Supremacy

This is the first in a series of real estate "War stories...". If you enjoy reading this true tale, you can read more "war stories" by using the War stories--a sub-blog... link in our navigation bar, or by clicking here.
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When it comes to innovation, war is swell.

"I hope you know,...this means WAR!"-- Daffy Duck

Yes, indeed, we have entered a war of sorts and history shows there's nothing like a war to goose the technological mind. The geeks gather, the directors demand, and the warriors want for new weapons to effectively engage the enemy and vaunt victorious...
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That's one big step for man, one humongous leap for mankind.

Brokers, buyers and sellers take note: A new, ingenious listing search tool is made available to NYC brokers. Read More...

You say tomato, I say potato...

Two real estate experts disagree on what's important, or do they...
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Not Drowning But Wavering.

(with apologies to Stevie Smith)

A reader asks, "What's going on with the high-end market?" Our last two posts have been about low-end activity but that question remains: What IS happening with the high-end market? Read More...

What's a broker to do?

So..., times are tough, business is slow; but wow, what an opportunity to court a new business model. Read More...

Springing forward or falling back?

This past week we participated in a survey of real estate brokers conducted by Candace Taylor for an upcoming article in The Real Deal.
Excerpts from that correspondence follow:
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Reactions to our "Will real estate survive?" video message of 12/15/08

Some further answers relating to our 12/15/08 Webcast: Read More...

Transcript of 12/15/08 Webcast

1 year is the new 3 years -- a transcript of our 12/15/08 Webcast: "Will Real Estate Survive?"
This includes predictions as to when the economic recovery will occur and how real estate will perform down the road.

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