Frankly Speaking

About two and a half years ago, Eagles co-founder Glenn Frey died from complications from a variety of illnesses which culminated in a severe bout of pneumonia from which he would never recover. In the aftermath of his passing his fellow band mate and lifelong friend Don Henley, announced that this would be the end of the Eagles. He pondered how it would be possible for the band to continue after the loss of Frey, whom had been such an integral part of the band. This was not unfamiliar territory for this band. In 1975 just 4 years into their meteoric careers, lead guitarist Bernie Leadon left the group. At that time, the answer to the opportunity was a wonderfully successful guitarist named Joe Walsh. Walsh (born in 1947) had enjoyed great success prior to joining the Eagles. And, has been an anchor since joining the band in 75. Fast forward to January 2016. And, the passing of Frey. Henley’s assertion that the band could not continue was premature at best. You see, that in the w

Hello: In 2007, the world ended and it was nearly impossible to sell real estate because buyers sensed a shift in the market and realized that if they waited, it was likely that they could get the property cheaper. In the years leading up to this time, buyers knew two things, if they were breathing they could get a loan. and, if they held the property for just a few short months, they could expect a substantial profit as their reward. Much the same as in the Great Depression of the 1930's, it was pure greed that fueled the runaway market and, drove its collapse. Realtors were not immune to the effects of this collapse. Many lost their families, their homes, and, their businesses. Many of those have yet to recover today. In our offices this past week we spent a great amount of time analyzing the lessons that we learned from the demise of this seemingly never-ending (we now know that they always end) real estate cycle. The following are the lessons that we learned