New York City Real Estate | NYC, NYNew York City Real Estate | NYC, NYNew York City Real Estate | NYC, NYNew York City Real Estate | NYC, NY
  • ABOUT
    • ABOUT SCOTT
    • ABOUT THE TEAM
    • PRESS
  • BUYERS
  • SELLERS
  • VIDEOS
  • LISTINGS
  • JOIN OUR TEAM
  • BLOG
  • CONTACT
  • CALL SCOTT NOW

“Get Those Brokers Back in Here! Turn The Machines Back On! Turn the Machines Back on!”

    Home Newsletter “Get Those Brokers Back in Here! Turn The Machines Back On! Turn the Machines Back on!”
    NextPrevious

    “Get Those Brokers Back in Here! Turn The Machines Back On! Turn the Machines Back on!”

    By admin | Newsletter | Comments are Closed | February 24, 2021 | 0

    I always laugh at this scene from the 1983 classic “Trading Places”.  Two hapless old men are successful in completely messing with Eddie Murphy and Dan Aykroyd’s characters’ lives, until they aren’t.  At the end of the movie, when the Duke brothers are bankrupt, they are yelling in vain: “Get Those Brokers Back in Here!  Turn the Machines Back On! Turn the Machines Back On!”  They wanted to get back their losses.  And there was nothing to be done.  Trading was done for the day.  Margin calls were due.  Whatever hit the fan had done its work.

    This is a little bit of the way we felt in March.  We had not done anything wrong, in particular, just as no other broker in the rest of the United States with houses to sell had done anything particularly right.  The pandemic just happened.  And New York City and San Francisco were the two cities that really took it on the chin.

    We scratched our heads, thought of ways to stay motivated, including writing and recording music, launching spring cleaning philanthropies and gearing up for the June reopening of our market.  Brokers everywhere else saw their markets appreciate 20-50% year over year.  Good for them!  We looked to the future.

    And here we are.  The machines are clearly back on again.  And the brokers are back in here.  It’s a clear day, the sun is out, and in New York, if you squint just right, things look almost normal.  Traffic, neurosis, people yelling to themselves walking down the street.  Reservations at good restaurants are harder to get.  People are in business suits, worried about looking good.  Times Square is empty, but it’s still not a place any locals want to go.

    We take a moment of silence for the year that just happened.  We mourn those we lost.  And we look forward to the lives that are ahead of us.  New York is not dead.  It’s not on pause.  It’s back.   More and more so each day.  -Scott

    No tags.

    NextPrevious

    Recent Blog Posts

    • (VIDEO) Celebrating 150 Years In Residential Real Estate- And my 20th Anniversary, too. January 31, 2023
    • How to Make An Extra $1mm on the Sale of Your Townhouse January 30, 2023
    • What’s Going To Happen To All The Office Space In NYC? January 30, 2023
    • NYC, Manhattan, and The US: A Reversion To The Mean January 30, 2023
    • The Best Lead Measure in The NYC Housing Market Right Now January 30, 2023
    • How To Think About Mortgage Rates Right Now January 30, 2023
    • Are You In, or Are You Out Of New York City? The End Of Ambivalence. December 22, 2022
    • Mortgage Math- How To Spend LESS on Your Mortgage Right Now – What No One Is Telling You December 22, 2022
    • Selling To An Insider Could Cost You $150,000 December 22, 2022
    • The Unintended Consequences Of Higher Loan Limits on “Conforming Loans” November 30, 2022

    Archives

    Call us: (646) 400-0769
    Email us: sharris@bhsusa.com
    Visit us: Brown Harris Stevens
    1926 Broadway
    New York NY 10023

    © 2023 The Harris Residential Team. All rights reserved.
    • About Scott Harris
    • About the Team
    • Press
    • Buyers
    • Sellers
    • Videos
    • Listings
    • Blog
    • Contact
    • Call Scott Now
    • Brown Harris Stevens Fair Housing Policy
    • ABOUT
      • ABOUT SCOTT
      • ABOUT THE TEAM
      • PRESS
    • BUYERS
    • SELLERS
    • VIDEOS
    • LISTINGS
    • JOIN OUR TEAM
    • BLOG
    • CONTACT
    • CALL SCOTT NOW
    New York City Real Estate | NYC, NY