Not “living in tents” — yet

New York /
Jan.January 13, 2009 05:20 PM

Prudential Douglas Elliman CEO Dottie Herman says the real estate industry went through “a period of shock” in September. But Herman — who was speaking on an Inman News panel at the Marriott Marquis in Times Square late last week — said she “has to assume that most of the guys on the top end of the financial market made enough to survive — at least a year or two.” David Michonski, CEO and Chairman of Coldwell Banker Hunt Kennedy, chimed in that “they are not living in tents,” to which Herman jokingly replied: “Not yet. Because that was an alternative business we were putting together.” Meanwhile, appraiser Jonathan Miller, president of Miller Samuel and another panelist at the three-day Inman conference, said he’s viewed the last seven or eight years as “more of a mortgage boom than a housing boom.” For excerpts of the panel discussion, click on the video below.


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Robert Durst (Getty, iStock)
Robert Durst is on a ventilator with Covid: lawyer
Robert Durst is on a ventilator with Covid: lawyer
Zillow CEO Rich Barton (Getty, iStock)
Zillow hits the brakes on iBuying
Zillow hits the brakes on iBuying
More than 27,000 Long Island households behind on rent
More than 27,000 Long Island households behind on rent
More than 27,000 Long Island households behind on rent
91 Sergio Franchi Drive and Sergio Franchi (Sotheby's, Getty)
Sergio Franchi’s 200-acre Connecticut estate lists for $12.6M
Sergio Franchi’s 200-acre Connecticut estate lists for $12.6M
Automatic for the people: SmartRent CEO on why landlords are going all-in on connected homes
Automatic for the people: SmartRent CEO on why landlords are going all-in on connected homes
Automatic for the people: SmartRent CEO on why landlords are going all-in on connected homes
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...