The naysayers will tell you that this is a bad time to get into luxury brokerage. Margins are small, competition is fiercer than ever, and the high-end market is trending down. Miles Nadal isn’t concerned. He’s excited. “We believe what Warren Buffett said – you should be greedy when others are fearful, and you should be fearful when others are greedy,” Nadal told The Real Deal, one day after his firm Peerage Realty Partners acquired
source https://therealdeal.com/2020/02/12/we-are-just-beginning-peerages-miles-nadal-talks-jameson-sothebys-and-his-plans-for-us-luxury-brokerage-domination/
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