Thanks and looking forward to meeting everyone and seeing some of you again. Thanks again for all the positive feed back, questions, and emails I receive, please keep them comming!!!
The Maryland / Washington D.C. Chapter was pleased to assist the CCIM Institute at this years COREFAC Confrence in Washington D.C. April 27 & 28th 2008. Below are some pictures of the event and some of our friends, new and old, that we had the chance to discuss industry topics and get great industry insight with. We also had the wonderful opportunity to learn from Top Dogs and Mike Lipsey at the event.
While cleaning out old files I came across an article I wrote almost 3 years ago to the day for SmartCEO magazine. Kind of funny the way everything has played out. Please read:
An important monkey tale…
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers seeing that there were many monkeys around, went out to the forest, and started catching them. The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort.
He further announced that he would now buy them for $20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.
The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50!
However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers “Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.”
The villagers rounded up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!
Is that how subprime mortgage brokering works? (Rhetorical question – no need to answer.)
