But he can't touch HousingPanic - so for FirstRung and HP readers here's the post on FirstRung and their business model which has now been altered over at FirstRung:
firstrung - a wolf in sheeps clothing
Actually, it's a beautiful business plan - pretend to be on the side of the first time buyer (the last sucker in) - gain their trust, then POW! get them that ball and chain (mortgage)
Here's who first rung is folks, and here's what they do:
Firstrung represents the leading mortgage packager and distributor in the UK (FIRSTRUNG GETS PAID HUGE COMMISSIONS WHEN THEY GET A SUCKER ON THE LINE)
Firstrung prefers to introduce potential clients to Pink Home Loans (FIRSTRUNG'S SUGAR DADDY IS PINK HOME LOANS)
As mortgage packagers and distributors they also help in placing "non conforming" difficult cases (FIRSTRUNG TAKES ADVANTAGE OF THE MOST FINANCIALLY DESPERATE AMONG US, AND GETS BIG COMMISSIONS FOR DOING SO)
Firstrung is the leading company specialising in delivering solutions ONLY for the first time buyer (FIRSTRUNG HAS TARGETED ITS PREY AND IS OUT FOR THE KILL)
Firstrung does not actively encourage FTBs to buy now, we attempt to provide as much relevant information for the FTB as possible (FIRSTRUNG BRILLIANTLY USES THE OLDEST SALES TRICK IN THE BOOK - GAIN TRUST, THEN GET THE SALE)
The Firstrung opinion, based on extensive and exhaustive investigation over the past two years, which has resulted in the creation of the revised Firstrung web site, is that the market will return to 2003 levels as a minimum correction (FIRSTRUNG KNOWS DAMN WELL THAT WE'RE IN THE BIGGEST PONZI SCHEME IN HUMAN HISTORY. BUT THEY ONLY MAKE MONEY IF THEY CAN CONVINCE MORE GREATER FOOLS TO GET INTO THE SYSTEM)
Please submit your mortgage enquiry by clicking on the "buying your first home" banner or alternatively click here express interest (COME ON SUCKERS - GET A MORTGAGE - DENY THE BUBBLE - WE NEED TO GET PAID!)
April 25, 2006
FirstRung's administrator is now unethically changing the words in posts it doesn't like
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11 comments:
well, if anyone had ANY trust for that site, that should put any end to that
unreal
Keith, I am with you on the bubble thesis, but if this mortgage brokker is saying "the market will return to 2003 levels as a minimum correction" they are a lot more candid than plenty of others in this business. Why pick on this particular operation, when there are so many scumbags who would never offer such an opinion?
they are doing an OK job by having that board, and being slightly honest.
but don't be fooled - this is a business model being executed. suck in the folks by making them believe they're on your side, when indeed, you get paid only when they take out a mortgage.
you'll see more creative post-bubble businesses like this sprout up. there's money to be made on the backs of suckers on the way up, as well as on the way down
In addition, the administrator of this corrupt website is changing the words of my posts - making it look like I said things I didn't say. That's unethical to the highest degree.
any blogger or board host who changes the words of posters should be torn to pieces
what a corrupt site. but par for the course
fight! The cyberwar has begun.
the "before" is what I posted on this thread. The after (after Iconoclast, the paranoid and corrupt administrator of FirstRung) is below. He essentially rewrote what was said and put up this glowing portrayal - not under his name but under the poster's name
Actually, it's a beautiful business plan -
Here's who first rung is folks, and here's what they do: edit: perhaps this may be of interest
Firstrung is a challenger brand, we challenge some of the perceived notions and practices that have caused a bubble in the property market, driving property values to inflated heights, in turn causing negative effects on potential first time buyers and causing ripples of unrest and disappointment.
This has lead to first time buyers being excluded from a process that should be available to the majority.
Firstrung unashamedly champions the cause of the first time buyer, the company would not offer short term products, or advice, aimed towards the first time buyer, that we had not thoroughly examined as being ethical and fit for supply.
For example, Firstrung will not promote Buy To Let as in the Firstrung opinion this has directly impacted on first time buyers. Less housing stock available = inflated prices.
Our understanding is that first rung now commenced trading encouraging first time buyers to group together to buy property, a practice which Firstrung dismisses as unworkable.
Anyone who bought utilising that method at the peak of the market could now find themselves in negative equity. To encourage first time buyers to share that potential misery with others knowing the knock on effects it may have, both financial and in terms of damaging relationships, is not something Firstrung could be associated with.
To compound that potential misery by inviting parents, or grandparents to assist first time buyers is the ultimate in financial folly. Particularly in light of recent facts suggesting most approaching retirement age will need some form of equity in their own property to be released in order to avoid a poor retirement.
Firstrung is widely regarded as the leading online resource for first time buyers, our interactive portal site offers a range and depth of service that remains unrivalled in the market place.
We introduce first time buyers, who are in a position to buy, to Pink Home Loans. Pink are, in our opinion, the most ethical company examined by Firstrung when searching for a partner to offer mortgage solutions to our registrants.
Not a high street name, however, as part of the Skipton group of companies they have an approach that Firstrung found refreshing, both in terms of their expert advice and the ethics and standards with which they abide by in their conduct of business.
keith - you do the same thing as FirstRung, deleting posts you don't like (though to your credit it does not look like you have recently since the uproar last month over deleted posts)
do you not remember your nickname "Delete Keethe"?
The Firstrung opinion, based on extensive and exhaustive investigation over the past two years, which has resulted in the creation of the revised Firstrung web site, is that the market will return to 2003 levels as a minimum correction
2003 was the peak of the normal housing cycle; the bubble took prices off from there. So logically, if we are returning to a "normal" market, then removal of the bubble excesses would take us back to 2003 levels and then continue downward as we finish off the normal housing cycle.
1) the poster name is in the upper left hand corner of posts on their site
2) I delete pure advertising spam, over the top swearing (the F word especially) and any post which is posted twice - by mistake or intentionally.
That's all I've ever or will ever delete and I think all readers thank me for that cleanup work.
I leave up everything else - as you can see, posts that flame me personally, call me names, make points I disagree with, etc. I can take the heat. And we love contrary viewpoints - it makes the blog fun
Having someone in charge of the board change what someone WROTE is way way way beyond the pale. It's corrupt, dishonest, unethical and pure wrong.
Hillary - it'd be like if I rewrote your post to say:
"I like to murder jews and steal from schoolchildren"
Wouldn't you be a bit upset?
war is messy. I posted this as a thread over at firstrung to prove the point to its administrator, iconoclast, who changes what his posters say (actually goes in and changes their words):
______
Iconoclast Posted: Apr 25 2006, 05:52 PM
Dear FirstRung readers
I want to admit a mistake I made earlier this week, when I went in to a poster's remarks and re-wrote them, making them appear to be from that poster when indeed they were my words.
I realize I made a mistake, and I apologize.
I'll go back now to surfing for porn, beating my wife and killing little animals.
-Iconoclast - FirstRung Administrator
(hope that shows you how evil it is to post under someone else's name)
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