a-real-estate-crisis

Here is an interesting story.

Glen Pizzolorusso got his start in the mortgage industry in his father’s company, at age 14. Still in his 20s, by 2007 he’d worked his way up to running his own sales team, making $100,000 a month and helping to inflate the bubble that became the current global economic crisis. When that bubble burst…..

I see a Porsche convertible drive by, sky blue, tan leather interior, gorgeous, and immediately a feeling of envy comes over me. I think that’s a natural feeling, but I can’t help wondering what is the motivation behind the purchase of such an expensive piece of machinery. Is it a burning desire to own the pinnacle of German automobile engineering? Is it a love for speed, wind blowing in your face, freed from the perils of Corporate America? Or is it a symbol of success, a long career, countless promotions, 60-hour workweeks, a remedy for the stress that accompanies such dedication?

For me, it was all of the above. After seven long years of 60+ hours a week in the subprime mortgage industry, I had achieved what I had set out to accomplish: success.

I was a success, with a seven-figure income, a healthy portfolio of real estate, a gorgeous wife, fancy cars, a Madison Avenue wardrobe. I was the envy of others, my yellow 911 a testament to my success. You see, I grew up in an affluent community. Our neighbors were doctors and lawyers with kids who went to private schools. Money and status defined success for me, and by my definition, success was all around. Now I was worthy to take part in its communion.

Then I lost everything. I became a victim of the financial mess I had helped to create. My houses, gone. Cars, gone. Bank account, gone. Success, gone. How could this happen? This wasn’t the story you see on TV. This wasn’t supposed to happen. The success I had sacrificed so much of who I was to achieve simply disappeared. In the weeks and months following the financial crash I went from highly employable to another “subprime” guy looking for work. Many companies specified not to apply if you had “subprime” experience.

Read more: NPR

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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