Successful or just well-connected?
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Regarding “The Million-Dollar Babies” [Dec. 31]: Are you kidding me? A bunch of inexperienced agents -- thanks to Mom, Dad or some relative -- scored a big sale. Is this some big achievement? I think the story was a slap in the face to hard-working, truly successful agents who work their way up the ladder -- not agents who are given a first-class ride by Mom and Dad straight to the top.
GERRY MOYLAN
Beverly Hills
The writer is a real estate agent.
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“Million-Dollar Babies” is truly a sign that the real estate apocalypse is upon us. Economists are screaming that a massive price correction is in line for much of California, potentially ruining families and destroying local governments, and The Times prints a piece reminiscent of the story of a quaint Portland stock club reaping millions before the tech bubble burst.
Economics professor Robert Schiller, who correctly predicted the tech bubble, is now anticipating a massive correction in housing, particularly in the hot markets (and Los Angeles is red hot). Where’s the story on him?
LIONEL ENNS
Pacific Palisades
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