Berkshire Hathaway Acquires Prudential NW Realty
By Tim Robinson
It was nearly 35 years in the making but Mike Gain, formerly of Cayce and Gain Realty in West Seattle, knew it would eventually turn out well, becoming Berkshire Hathaway Home Services last week.
Persistence is a virtue it is said and Gain stayed in the game. In fact, he started his realty company during one of the area's worst economic downturns in 1979-80, survived a similar trend in 1993 and again but more severe from 2007-2012.
That hundreds of his realty agents hung in there through those times is testament to Gain's never-give-up style. Now, 35 years after it began, Gain has aligned the company with some pretty good friends, one in particular.
Warren Buffet, he of Omaha investment fame, bought Prudential Insurance giant's realty arm last year saying it made more sense to buy a going concern than it would be to start his own realty company. Mike Gain had a going concern.