[VIP] What Shutting Down Climb Says About Realogy, Part 1: The Story and Questions

[Warning: this is a very long post, even by my standards. I encourage you to take frequent breaks, brew a fresh pot of coffee, and maybe re-read sections if they interest you.] Last week, I broke the news that Realogy was going to shut down Climb, the San Francisco-based "youth culture" brokerage, and consolidate it with the NRT-owned Coldwell Banker of…