Real estate yoga: Stay balanced

Mood of the Market

When I first started selling real estate, I would sell for $600,000 homes that the owners had purchased 25 years earlier for $15,000, sigh and think, "I was born too late for real estate." In fact, one such client once told me that, at the time he bought his home, he paid more for his "Cadillac car" than he had for his home.

Of course, that failed to take into consideration that 30 years prior, women could barely even secure mortgage loans on their own without a permission letter from their husbands.