555: Leaving NYC, Douglas Elliman CEO Dottie Herman Eye On Real Estate

There’s no place like home. Jason Hartman interviews Dottie Herman on her track to success, from realtor to CEO. Dottie shares her experiences in New York post 9/11, and how this affected the overall mood of New Yorkers and how they wanted to live. What kind of conclusions about shifting mindset from Covid-19 can we draw about the American home? Even banks are scared about giving housing loans with so many jobs in the air. With the current credit problems and mortgage issues, housing prices in the near future are a big question mark. 

Key Takeaways: 

[5:40] The current mortgage and credit problems might influence housing prices to drop

[7:20] “You don’t just turn a key and everything starts all over”

[8:45] Banks are double-checking if people have jobs, they are scared they are going to get burned

[13:10] In harder times, like post 9/11, people want to be with their families, and in homes that are comfortable and accommodating of their family.

[17:00] The millennial generation has different needs and wants in a home as compared to that of the baby boomers

[21:00] "If you really want to make money, and you really want to acquire wealth, you need to own real estate"

[23:30] When compared to stocks, real estate will always be here and easier to understand

[25:00] As Dorothy said, “there’s no place like home”

[27:00] Don’t be afraid to fail, and don’t be afraid of the word no

Websites:

DottieHerman.com

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