I’m just happy to see someone – anyone – step up to the microphone and discuss relevant facts about the real estate market. To also have my boss be so enthusiastic about the company and its future is an added bonus. Plus, our stock is up 50% (from $2 to $3!):
Goldman did not get the optimism memo.
https://www.dailymail.co.uk/news/article-11672609/4-cities-home-prices-fall-2008-crash-San-Jose-Austin-Phoenix-San-Diego.html
Reffkin is a great guy and did an amazing job in a short time – in a NY minute!
Yet the COMP stock collapsed 90% since the IPO, which means it has to increase by 1,000% just to break even. We bought COMP at the IPO and as agents had 10% taken out of every transaction. Fortunately, 2022 was our best year ever and the $10k COMP loss was a tax write-off.
Don’t be surprised if the whole stock program is a disappointment in the end.