
I’m in San Francisco for the third ReBarCamp. As a result I got to hang out this weekend with my friend and partner Ginger Wilcox, and spend time with her children and my friends Todd Carpenter and Andy Kaufman.
While we were having breakfast this morning Ginger asked me to read the latest post on her awesome “Blog by the Bay“. The title was “Is It wrong to Walk Away from an Underwater Mortgage”, written by George Crowe. The topic of the post was strategic default. The topic is interesting enough and struck a strong enough chord within me to require a response here ( for me, even if not for you
)
If you don’t know what a strategic default is, it is a term used by people to apologize for their failure to live up to an obligation they created contractually. In other words, it describes people who are walking away from mortgage loans that they are capable of repaying.The key here is that the borrower has the ability to make the payments required by the loan, but they choose not to.
I am not a fan of strategic defaults. I can understand that people are stressed financially, but the mortgage documents don’t say that you can don’t have to pay if you get upset. I understand that the banks are being seen as the bad guys in the current economic climate, but the documents don’t say you don’t have to pay if you don’t like the actions of the lender. You borrowed the money, you bought something with it, and you’re supposed to pay back the loan. George quotes a New York Times article:
Back in January Roger Lowenstein argued the case for strategic default in The New York Times Magazine, and he made some pretty good points:
“Mortgage holders do sign a promissory note, which is a promise to pay. But the contract explicitly details the penalty for nonpayment — surrender of the property. The borrower isn’t escaping the consequences; he is suffering them.”
I am not as familiar with mortgage lending in California or New York as I am in Pennsylvania where we sign a mortgage and a note. The mortgage document is the pledge of real property for the repayment of debt, and the note is our personal pledge to repay the loan. Under the terms of those documents, the borrower might be liable for a deficiency judgment to return to the bank the funds that they do not recover through the foreclosure process. But in any case, that is not a discussion of what is right or wrong, only what might be financially expedient.
Then there is the idea that “its only business” which seems to me to be another excuse. When people tell me something is business, not personal, it’s always because they are about to do something unpleasant, and they want to distance themselves from the moral responsibility for their actions. In this case, the term is being used to indicate that the decision here is a financial one, not a moral or legal one. And that’s just not the case. You can’t be moral only when its easy, or you have no real sense of right or wrong.
I don’t pretend to be able to stand in judgement of others or their actions. And I can understand the temptation to walk away from a loan because of the pressures of the economy, but your reaction to that temptation is what determines who you are.
When my late wife’s father passed away, her mom was left with debts from his business. She didn’t own a house, and was not responsible for his debts, but she worked for years to pay off each debtor. Tillie Rosen is an stand up human being. As a widow with limited resources, having only recently returned to the work force in a low paying clerical job, she made good on the obligations of her late husband (only one of e reasons I love and respect her). She could have chosen strategic default to benefit her family but she chose to scrimp and save to pay off the obligations of her late husband because she knew that was the right thing to do .
In a market like that in Marin County where Ginger works and lives, people are struggling to pay mortgages that are currently in excess of the value of their property. That’s a really tough problem, but the property was worth more when they bought it, and will probably be worth more again some time in the future. Obviously, there is a financial benefit to the borrower if they walk away from the property and then buy another property back at the new lower value and wait for the recovery of the marketplace. But that is a financial decision, not a moral decision. I wouldn’t blame a homeowner who was underwater and unable to make the payments for defaulting, or for “giving the keys” back to the bank through a deed in lieu of foreclosure. Those are cases of bowing to the inevitable. But for a member of the privileged class, who has a loan that they don’t want to pay, because the thing they bought went down in value? That’s just not right, at least in my opinion. Its not fun, but living up to the promises you make in life is always the right thing to do .
In closing his post George says:
If you buy into the argument that it was the irresponsible and greedy behavior of the banks that brought about the housing bubble and corresponding bust, then maybe it’s fair that they’re left holding the bag. It’s a tough question with no easy answer. What do you think?
Since the banks were not partners in profit when properties went up in value during the boom they should not be expected to be partners in the loss of value today. They are lenders, and they lent money to willing borrowers, who in these cases were and are able to make the payments under the terms they agreed to – even if it isn’t the most expedient thing to do, it is the right thing to do.
Tags: Ethics · Foreclosures · Mortgage Lending · Opinion · Real Estate · economy
Allow me to start by acknowledging that the goals of Franchise organizations are not necessarily the goals of their individual franchisees.
The primary job of the Franchisor is to sell franchises, though supplying tools and systems to their franchisees is also an important goal. The primary goals of the franchisees differ since they are all centered around their own specific operations and the things that provide the greatest benefits to their businesses and their owners.
I saw a tweet by Chris Kieff that the Social Media Manager at Coldwell banker had responded to his Post “Oops!You Wanted a Full Answer to That Question?”, and being the Realogy franchisee that I am (in my role as CEO of CENTURY 21 Advantage Gold), my curiosity was piqued, so I headed over to check out the post and the response.
It seems that Chris Brogan had tweeted something about the new Coldwell Banker website, and Chris (Kieff) had visited it , only to find that CB corporate’s national website only includes listings from Coldwell Banker franchisees. Kieff makes the point that this might disappoint consumers who visit the site, making them less than well disposed to the franchise. There is a whole argument here about the whether the Franchisor should be competing with their local franchisees for the limited number of eyes looking for real property, but that’s another post, so I will digress no further.
The post speaks for itself – Chris Kieff is an articulate guy who can (and does) make his own argument. And in response to the argument, something entirely new popped up for me.
The Social Media Manager for Coldwell banker, a guy named David Marine, responded to the post in part, by saying;
We do allow consumers to see all the IDX listings in the area they search by promoting an IDX link on our results page, but this takes them to a local site of one of our Coldwell Banker affiliates and abides by the MLS display rules for that area. You’ll notice that these sites don’t have a number of the features that our site offers like video, social sharing, ability to save properties using our Home File product, etc.
Excuse me? Did he really just say :
You’ll notice that these sites don’t have a number of the features that our site offers like video, social sharing, ability to save properties using our Home File product, etc
Sort of like saying -
You’ll notice that our broker’s sites are really second rate propositions that don’t have the features our corporate site has so we think consumers will be OK with our limited property data set etc.
I understand the need to respond to the post which placed the Coldwell Banker Corporate site in a critical light. And I think the point they made about the various IDX feeds around the country was important in helping people to understand their strategy, though other national franchises felt differently and have met the challenge of providing more information to the consumer.
But where the David makes a huge faux pass is when he denigrates the sites of the brokers that make up the Coldwell Banker system. In its core, the value proposition of any franchise must include a commitment to the reputations of the participants in their system – and that is the big #Fail in this interaction. In fact, the question to me becomes “If Coldwell Banker thinks such features are valuable to their consumers (and therefore their franchisees), why have they not equipped their brokers with those systems?”
I don’t know David Marine, and I have no feelings about him pro or con, nor do I have any negative feelings towards the Coldwell Banker Brand. You probably know that I am the CEO of CENTURY 21 Advantage Gold, and therefore have my own franchisor/franchisee stories. In fact, Mr. Marine and Coldwell Banker get points in my humble opinion for reputation monitoring, and attempting reputation management by engaging with a blogger who wrote about their brand. However I think there may be a cautionary tale here for all franchises in responding to mentions in the web 2.0 world. You can’t be sure who is reading your response and how it may affect the reader. Therefore greater thought needs to be given to the content of the response, and additional emphasis on protecting the reputation of the franchisee and the value of the franchise tools provided to them while defending the corporate decision.
In other words guys – Don’t throw your brokers under the bus to make the brand strategy look better – in fact, don’t even look like you might be throwing them under the bus – its not going to be good for franchise sales.
Tags: Uncategorized
Just had the pleasure of teaching the Social Media Marketing Institute (SMMI) CSM course in Portland Maine, with the wonderful Amy Chorew,
The first day of the class was held at the Portland Board of REALTORS, a lovely facility close to the Portland International Jetport, and the room was packed with REALTORS anxious to learn about social media.
Last nigth Amy and I had dinner at Fore Street , before going for a quick walk down to the waterfront to enjoy Portland’s Old Town at night. The food was wonderful, and the class recommendation of the restaurant was totally validated.
Today the class moved to the Art Gary School of Real Estate in Westbrook Maine, a short distance away, and the class is being shown the tools of bloggin with Wordpress.
Tags: Uncategorized
I travel more than most people, but I am always in touch with my office, working on property assignments and valuations, communicating with my offices, and generally needing to access files from multiple computers. It becomes even more complicated because I work on both PC and Mac platforms.
Even if you don’t travel as much as I do, or work with multiple platforms, you probably still need to access photos or flyers, or other files from remote locations. Perhaps you started work on a document in the office on a desktop, and now need to complete it or send it from your home computer. Or perhaps you use a desktop at work, a desktop at home, and a laptop when you’re at Starbuck’s having that well deserved latte late in the day. Or maybe you just got a new Ipad and need to access documents or presentations or photos you store on other devices. What ever the case is, it seems with the proliferation of different devices in our lives, the need for remote solutions or “cloud based” solutions seems greater and greater.
I’ve used both GoToMyPC, and LogMeIn , and found them to be decent work arounds when I am not near the computer where my files were stored. However if there is a challenge with the speed of the internet connection at either locations, the experience can sometimes be more of an issue.
Using the internet for storage then seems to be a decent solution so you can work across platforms (PC or MAC) just through the expedient of storing the documents on Google docs and then allowing collaboration or download to different devices as needed. I like Google docs (in fact the whole Google suite of products are great tools) but you can experience some formatting issues if you start a document in a program like word or power point and then try to work through it on Google docs.
Recently I started working with dropbox and so far I’m liking the experience.. When you open a dropbox account, a file is downloaded on to however many computers you use. You can drag and drop files to that folder and the folders on all of your computers are automatically synchronized. For MAC users, another program called Growler actually notifies you when files are added to your folder.
A free dropbox account allows you to store 2 Gigabytes of files and the upgrades seem pretty inexpensive (if the solution works for you) at $9.9.5 a month for 50 Gigabytes of remote storage (the ultimate dropbox.com account costs $19.95 a month and allows 100 Gigabytes of storage). For me the benefit is multiplied because I can share photo files not only from computer to computer (when I’m not using my eye-fi card to upload directly to flickr) but with my assistant who can then use them in our marketing without creating zip files and emailing from place to place. In addition, having a central repository for files avoids the “Where did I store that?” problem that so many of us face.
Tags: Uncategorized
In a recent post in RealTown, Mike Bowler wrote a post about change in the real estate industry that ended up being more about his preference of educational choices then it was about real change in the industry.
Mike asks the question “Are we at the crossroads where, all companies should just expect agents to go to where the education is being provided versus trying to be all things to all people? ” – and then goes on to say “I think the day of independent contractors depending on the brokerage for any education is nearly gone. Most business models cannot provide all that is needed and should not pretend to say they do.”
He points at the 4000 registrants at the Virtual ReBarCamp saying “it’s obvious that we can learn more from our peers around the country than we can within the 4 walls of an office”. Unfortunately that statement is really a “non-sequitur” – a Latin phrase meaning “it does not follow”. 4000 registrants for a free online experience doesn’t indicate anything more than “if its free its for me” is a philosophy of the masses. And any educator can tell you that the number of people that register has never had anything to do with the quality of the presentations or what the participants actually learned from the process. In fact, since people all learn differently, it would be almost a sure bet that there were as many people that learned nothing from the experience as there were that gained anything from a single channel experience like that.
I think Mike’s perspective may be a little skewed by his passion for some of the new collegial educational opportunities, and I can’t blame him for that. Like him, I’m a big fan of ReBarCamps (not so much on the virtual ones) because they (the real ReBarCamps) are conversations when they are done best – and those conversations are great learning experiences because we never know where they can go , or what we can get from them. The virtual ReBarCamp presentations were, by nature, planned presentations with limited participation from the community, and were in some cases sales pitches for the presenters rather than real educational experiences or collegial education.
As a forward thinking real estate person in a troubled market, change is desired, but is often not what we anticipate. I think some things will stay the same -
- I believe companies that are large enough will provide training to new agents, and opportunities for experienced agents to increase their skill sets.
- As in the past, smaller companies will rely on third party tools and educational products to help them bridge the gap for their agents.
- REALTORAssociations will continue to provide educational opportunities for their members through webinars, educational opportunities at conferences and business metings and through 3rd party providers like SMMI , the REALTORS Institute, REBAC, etc.
- National Franchises will provide training for the agents in the offices of their franchisees through a variety of distance learning programs as they are today,
- The best agents will still seek additional education wherever they can find it , and remember that they should always be seeking new educational opportunities.
Unlike Mike, I believe that independent contractors will continue to rely on their brokerages (among others) to provide them with educational opportunities, and that the brokerages will step up to meet those challenges. Though the additional opportunities for agents will continue to morph and change and take advantage of the newest ways to communicate, brokerages, franchise organizations, REALTOR Associations, and other educational providers will continue to provide educational opportunities for our industry. And that is more about commerce than it is about change.-
Tags: Opinion · Real Estate
In January I returned from the Inman Connect Conference and the ReBarCamp in New York City and had the opportunity to talk to people from all over the country about the real estate industry.
As is the case in a lot of conferences, there was substantial social interaction as well as business networking, but since its January and we’re all creatures of habit – the first question on everyone’s lips was “How did you do last year?”. My answer was always the same, “We’re doing better, but its still not where I want it to be”.
I had to leave the Inman Conference and return to Philadelphia because I had a meeting today with our company’s Sales Managers. In preparation I did a little research so we could talk about how to improve our company’s productivity for the coming year. And I received quite a shock. I found out that I had unwittingly told a little white lie – and because being truthful is really important to me I want to take the opportunity to apologize right here and right now to my team at CENTURY 21 Adantage Gold.
When I checked the Century 21 corporate web site to see how our company had performed in the comparison to other Century 21 firms in the country, I found that what I thought was actually wrong – we were doing pretty well in a challenging market.;
- We were in the Top 5 companies in Pennsylvania based upon the amount of Gross Commission earned,
- We were in the Top 3 companies in Pennsylvania based upon the number of properties we sold.
- We were in the Top 100 Century 21 companies in the entire country based upon the amount of Gross Commission earned, and
- We were in the top 67 Century 21 companies in the entire country based upon the amount of properties sold (out of a system with thousands of companies across the United States)
I wasn’t really displeased with the reality, I am just upset that I spoke without having the facts at my disposal. I am really big about writing what you know, not what you think when it comes to blogging , and the same rule should apply to all of our communication. When we speak from impressions rather than facts, we create false impressions – not the least of which take root in our own thoughts impacting our actions and decisions.
As we approach the end of the Tax Credit (About 34 days are left for people to buy), I wonder what we will learn on May 1, 2010. Will we learn that the tax credit was supporting our current activity? Will we learn that the market has recovered enough for the spring to have a reasonable aactivity level of its own? Will we learn that there are enough investors buying homes again that the REO inventory will diminish? What is reality telling you in your market?
Tags: Real Estate · economy
I just listened to my friends Marc Davison and Teresa Boardman talk with Maya Paveza, Michael McClure & Todd Waller on their #RTB Radio Show at Blogtalkradio. They are smart, articulate, people and the chat room was filled with other really smart people so it was a fun way to spend an hour.
If you’re not in real estate or active on you might not know that #RTB stands for “Raise The Bar”, a movement of sorts (or at least a discussion) about how the real estate industry needs to achieve a higher level of professionalism.
The conversation is sometimes interesting, and the participants engage in the conversation with great passion, but parts of it seem to me to be more “Durm und Strang ” (storm and stress) than actual suggestions to improve the industry.
We have people trotting out business truisms without really knowing if they make sense. Today one of them was ” real estate businesses don’t make money, the money is made in the affiliate relationships” (I believe I am paraphrasing, but pretty accurately). That’s just not smart business. If you are a large enough real estate concern to have title , escrow, insurance or mortgage companies as part of your operation, each one needs to be profitable, or you would be better served by operating an affiliate and letting someone else lose money on the real estate company. Of course, if you are a smaller real estate firm, you may not be able to operate affiliate firms, so that logic would leave you with the option of just operating your real estate company without making a profit – a lousy option at best. The person who made the statement is a friend of mine and a smart professional person- which doesn’t mean that they cannot fall in to the trap of relying on “common knowledge”.
Though I believe that the open exchange of ideas between professionals can lead us to some very interesting places - we need to get there because we know what we’re talking about, or at least admit when we’re postulating or theorizing. In the #RTB conversation, many people talk about stuff they have no experience with, and therefore have limited understanding of – and that’s a problem.
An agent really can’t speak about running a real estate brokerage until they have opened one, run it, and know what makes it tick. To me its like coaches who talk about how to sell real estate even though they’ve never done it. And Brokers fall into similar traps when they talk about agents. To be accurate they need to put aside their business models and prejudices, not be self-serving, and remember what it was like to do that job. In other words, if we’re going to have this conversation, let’s put aside “what we think” in favor of “what we know” and develop opinions based on fact rather than pre-judgement?
The concept of raising the bar in the real estate industry isn’t remotely new. The National Association of REALTORS was created for just that reason in 1908 and our code of ethics , adopted in 1913 pre-dates all of the real estate licensing laws in the U.S. Now that’s an example of raising the bar in an industry. But that was a long term commitment based upon a desire to improve with a willingness to be held accountable through this new organization. This conversation doesn’t rise to that level at all. Don’t get me wrong, there are some very smart, passionate, well intentioned people talking about this, but in a very fragmented and disordered manner. As I read some tweets today about “thinning the herd” it struck me that the conversation was much more about “look what a poor job the other guy is doing” rather than “how can I do my job better?”.
Look, I’m all in favor of raising the bar – but I think we have to start by raising our own bars, not talking about how others need to raise theirs. Too often it seems we’re just talking about the agent or company that made us mad, or the broker that didn’t appreciate us or pay us enough. None of that is productive – whining never is. So if you’re a real estate agent, recognize that your broker is not there just to facilitate increases in your income, they are running a business and entitled to try to be profitable. If you don’t like the way your broker runs the company, go and try to have a frank talk with them first, and if that fails go open your own company. If you’re a broker and you don’t think your agents appreciate your efforts or waste the resources you provide them with , or don’t work hard enough, you have a few options. Change your company culture, hire new agents, or manage the agents you have in a more productive manner. But always remember that the relationship between broker and agent should be symbiotic not parasitic and that we each need to value our team mates and work had to be a valued member of their teams.
So if you want to raise the bar for the industry, its easy. NAR and your state and local associations are working on that every day. Contact them and volunteer. You might be surprised to find out how many other people have been working on that bar while you were talking. But I have to admit, there is part of me that really enjoys the #RTB discussion, and perhaps you think the bar should be raised some other way. So tell me, how you think the bar should be raised in the real estate industry?
Tags: Uncategorized
February 18th, 2010 · 1 Comment
I’m a fan of silly things – they usually make me smile , but sometimes I end up just scratching my head and wondering why people do silly things when they don’t intend to. And more and more frequently I see people doing sill things in social spaces.
Your community ( or audience, or market) needs to be the prime consideration when you write or say things, so I am stunned by many real estate people who think their audience needs to be interested in the things they want them to be interested in. I reserve ReReflections for the comments on the real estate industry that are so peculiarly mine that I ‘m not sharing them over at AgentGenius. My social media thoughts are either published there or at www.smminstitute.com or www.buzzbuilderz.com. My blog posts that might be of interest to consumers find their way to either MovePhilly or C21AgVoices. Not because I want my writings to be hard to find, but because I want to be saying things that are relevant to specific readers.
It not a new phenomenon but before the advent of social media, we needed to be present to hear real estate agents say silly things. For example, an agent might tell a client whose listing was expiring “You can’t list your property with someone else – I’ve really spent a lot of time working on it”. Why does the seller care? Their property isn’t sold and their needs are not being met. and they still needed to sell the property. A more relevant tactic would have been to give them a reason to stay listed that made sense. Perhaps a discussion of their pricing and marketing position combined with a comparison of the marketing efforts of the current and prospective real estate companies. It might not have convinced the client to extend the listing, but at least the conversation would have been relevant instead of simply self-centered.
Today, poorly informed agents who use social networks to broadcast commercial messages make their lack of thought a public spectacle. The “Facebook listing” is an iconic example of abuse. With listings reiterated in thousands of places through IDX feeds and listing syndication, putting listing information or open house information in a social environment demonstrates not only a lack of concern for the other members of your community, but a lack of respect for your “friends”.
By demonstrating lack of relevance in your content, and a disregard for the social context, you demonstrate disrespect for your ‘friends’ that results in a dismissal of your message and a reduction in your online relevance .
Recently, I saw an interchange on Facebook that went like this:

When I read this he sounds like a multi-level-marketer talking about “income potential” . No one cares what you make (unless you’re paying their bills) – they care about things that impact them or your relationship with them. Not to mention the fact that the whole response might have been better placed as a message rather than a wall post.
And while we’re talking about advertising disguised as social interaction – how about this;

Where is the engagement in this blind solicitation? Who could be silly enough to think that this person cares about their career ? This could easily have been lifted from a bus bench billboard – is that what we perceive our social network values?
I think that talking about work in social settings can be appropriate , just as it would be in face to face settings. For example, you might say in a social setting that you had a tough time working with sellers to obtain a listing, but you probably wouldn’t whip out a flyer for the property and give it to the guests. If we could just take a moment to think about whether we would do something in person that we’re about to do on-line, it might really improve the quality of our communications, and the bonds we have wth our communties,
Tags: Opinion · Social Media
October 29th, 2009 · 2 Comments
Its the middle of a really busy work day, so obviously I need to check out what my friends are doing on Facebook (I am after all an American). And there is the lovely Brandie Young on my live feed Asking
Like this? Want to do something about homelessness in Austin, San Antonio, New Orleans, Providence, and Nashville?
Because that’s really a hard question to say “No” to (and Brandie is the type of woman who just makes you want to say “Yes” to her requests) I clicked on her link and saw the slideshow below – a compelling story I think.
Then when I looked even further, I found out that Brandie (who still totally rocks) had built this awesome slide show at the request of Lani Rosales who had aksed a number of people to step up and participate in a unique event. But let me have her tell you about it in her own words from her New Media Labs Blog
PLEASE use one of these slideshows in your own blog:
For the first ever social charity presentation roundup, several people (even some not in Austin!) stepped up to bat to put together various slideshows based on facts provided by Alan Graham of local non profit organization, Mobile Loaves and Fishes, serving the needs of the homeless.
Now I told you Brandie Young ROCKS, and this new information did nothing more than remind me that Lani Rosales also TOTALLY ROCKS. Makes you feel good to know that two women who are totally adorable and smart, and hot, are also so thoughtful , generous, and gracious… (Dontcha Wish you knew them too?)
Now go out and do something to make them feel good about this..
Tags: Opinion · Social Media · economy
As I write this, I am in a hotel in Western Pennsylvania, where ReBarCamp Pittsburgh will take place tomorrow.
I’m writing this post because of a few conversations I had recently with friends of mine. It seems that there was a conversation about whether ReBarCamps served any purpose. Concerns were expressed that the ReBarCamps had become hackneyed, that every ReBarCamp featured speakers who were just vendors trying to sell things to people, and that the same group of people kept showing up to talk. There was concern expressed that the ReBarCamps were nothing more than a social gathering for some people in the RE.net who knew each other and who kept to themselves during the events, making them more of an elitist social gathering than an education or sharing event.
I just looked at the RSVPs for this ReBarCamp. it seems that none of the “usual suspects” will be arriving tomorrow. In fact, there are only six people here that I know, and I met two of them this evening, two are past state association Presidents, and two are organizers of the ReBarCamp and they would probably not yet be familiar names to you.
When I heard these statements I was astounded. This will be my 12th ReBarCamp. I have been all over the country attending these events, and each one has had a different flavor. I have experienced them in San Francisco twice, Fredricksburg, Los Angeles, Phoenix, Denver, Chicago, Virginia Beach, Miami,Columbus, helped organize one in Philadelphia and here I am in today in Pittsburgh. During that time, I only remember two sessions that I felt had commercial overtones, and I walked out of one of those sessions, and in the second one told the presenter that they were missing the point of the event. At those events I have presented or moderated sessions with topics like social capital (whuffie), social contracts, selling foreclosures, listing foreclosures, the future of the real estate brokerage, short sales and working with banks on defaulted properties among others. Each time , I had little or no idea what I would talk about until the day of the event. I have also participated in dozens of sessions moderated or presented by others. Most of them were interesting or fun, and the others I walked out of and found another session.
I have really enjoyed seeing many of the more experienced social media presenters at a number of the events, but I am excited to see who the presenters will be today. I’ll probably present a session or two, but the agenda will be new and different because the people are new and different. Even the sponsors for this event are different, though the Social Media Marketing Institute is a “repeat offender” – however as the CEO , I know they will not be pitching a product at the event.
I am friends with the three men who created the first ReBarCamp,Andy Kaufman, Brad Coy, and Todd Carpenter. I don’t think they intended to get rich or famous from the event – they just wanted to try something out and see if people responded. And their creation has become a national event that has educated hundreds upon hundreds of people about social media, real estate, and a variety of topics too eclectic to be listed here.
Anyway, my experience with ReBarCamps tells me that the people that attend today will start the day confused and unsure of what they have gotten themselves into. They will bring with them differing levels of knowledge and different expectations of the days event. By the end of the day some will be confused, some will be disappointed, some will be enlightened, and some will be engaged. But they will all be impacted by a volunteer driven sharing experience. And at the end of the day I think that’s a good thing. SO much so that I look forward to doing it again at ReBarCampDC next week and San Diego next month – where new groups of people will hopefully share and learn and become engaged in an event created by and for the community to benefit its members. People keep voting with their feet, by walking into sessions at ReBarCamps everywhere.
Tags: Blogging · Conferences · Real Estate · Social Media · Technology