Our recession hero: Behrooz the good broker

Friday, March 27, 2009

This week, we sent Senior Editor Femi Oke out to bring your stories about the economic crisis back to the show. Sam Jordan was listening in New Jersey and sent us an e-mail. He wanted us to meet a real estate broker who he describes as more or less his real estate hero. Not something you hear about brokers these days, so Femi Oke went and got the story. She found a broker who, even during the height of the real estate boom and easy mortgages, preached caution and budgetary restraint. He lost clients over his moderation and colleagues laughed, but that real estate philosophy saved families, like Sam Jordan's, from mortgage overload. Femi joins us now with the story.

The Takeaway's videographer Jennifer Hsu captured the action on film:

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Jennifer Hsu and Femi Oke

Comments [1]

Ann Ellison

I was listening as usual as I drove my 50 miles this morning. I was encouraged to purchase a home a few years ago. I looked around a bit but hated everything that *I* thought I could afford. Others, encluding my other half, thought I could afford MUCH more. I'm old enough to know better and have been very poor...I could not face being "house poor" ever again. It turns out I was right and they were wrong. A large mortgage with no downpayment just because they will give it to you doesn't make it a good idea. Why does that couple mourn the house they couldn't afford? They are in a home of their own now and they just need to give it awhile and they MAY have enough money to upgrade...which beats the hell out of
the bank taking house beautiful back!

Mar. 27 2009 11:16 AM

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