If you see posts by Osman, he's a realtor from Boulder, Colorado.
His posts are very insulting, misinformed and not too thought out. But that's what makes him the perfect troll. Welcome aboard Osman - please don't leave!
If I was a realtor in an overpriced bubble market with exploding inventory, I'd consider trolling housing bubble blogs too, even though it's a bit sysyphusian.
Best of luck Osman. You'll need it. Boulder is a wonderful town, but I'd recommend a career change... Maybe open a bike shop or a granola vending company?
April 04, 2006
We have ourselves a realtor troll!!! Everyone be nice to Osman
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35 comments:
Oh no Keith, did I point out you agenda to sell more ad clicks by sensationalism and fear mongering?
P.S. Here's the most recent data for Boulder's Days to Offer and Inventory. Let me know if you think it's a bubble imploding.
I like Boulder -- U. town on the edge of the Rockies. But they will keep building and building there and around there until it is another smell-A. No sense of restraint. I remember when driving from Denver to Boulder was a long drive through open spaces, cattle country. And I'm less than 40! We're talking 15-20 years ago. Now it's one giant wasteland of generic American sprawl. Might as well be Phoenix. And you wouldn't invest in Phoenix right now unless you'd been dropped on your head as a baby.
Boulder is different, they have special unique qualities which differentiate them. No Boulder Bubble. Be bold, buy Boulder and experience maximumn upside, a new paradigm, and a converence of synergy.
Osman is trying to shamelessly promote his own blog which no one visits. :(
Keith, I sense a little envy regarding your ad clicks. Osman must not be making much money as a realtor.
Anonymous wrote: "But they will keep building and building there [Boulder] and around there until it is another smell-A."
He is right and wrong.
It is very difficult to build in the City of Boulder. The "People's Republic" raised the drawbridge many years ago.
It is easier to build in Boulder County, but not easy as the\ eco-freaks want no growth there also.
It is easy to build in the surrounding counties. The growth on US 36 (aka The Boulder Turnpike) has been in other counties as you can see as soon as you cross the county line.
If Osman writes about the City of Boulder, then he is probably correct. Boulder has been pricier than the surrounding areas for years and will likely remain so. Boulder's population is only 100K and the median FAMILY income is high at $70K.
,dave
Boulder real estate never goes down, there is a permanent Baseline which holds everying in place. There is also the Blue Line to keep the undesirables out( except NCAR).
I'm glad you feel that way about eco-freaks. Stay the hell out of Boulder you cow killer.
When Osman presented numbers and facts, you guys attack him? Base on the graphs, market in Boulder's seems healthy to me and all within the bounds of seasonality trends.
You guys sure play "mature". As a short to HB stocks, I sure hope Osman is wrong, but numbers are numbers.. what is it to argue?
Welcome, osman. May all your trolling be fun!
Seattle (like Boulder) has a lot of those wealthy liberal types too who "seem" to care a great deal about those less fortunate, but then put up big walls to keep them out.
IF ANY OF YOUR TURDS DONT LIKE BOULDER YOU CAN GO TO COLORADO SPRINGS. They have the best meth in Colorado Springs and a virtual theocracy and the christian taliban to keep you pure.
If Osman looses his job as a realtor I know of a bridge that needs a toll collector...
Silver, that's a very interesting financial site. Lots of well written opinions. Here's a link for anybody who is having trouble with the cut/paste from Silver's comments.
Joe, you're right - I do like to leave a link to my blog from time to time, especially after I take the time to write a longer comment. (I'll post a link at the bottom of this one).
As for so called Trolling, if sharing a contrary opinion or pointing out blatent sensationalism and fear mongering makes me a Troll - then so be it. Although, I don't think the things I've written meet the definition.
As the sensationalism/hype level on this blog continued to rise, captioned with dramatic images such as sharks leaping from the sea (a well known fake, btw) or screaming people, I found myself wondering what's driving it all. Why would an anonymous expatriot take the trouble?
That's when I noticed all the ads and it suddenly clicked, so to speak. Fear sells.
The more sensational, the more traffic, the more likely somebody clicks an ad. It's how Keith can lampoon Robert Kiyosaki AND sell his book at the same time.
So whatever is the hot topic for the day, be it the bubble, the war in Iraq, or Immigration policy - expect an strongly opinionated (often inflammatory) post or two about it on this blog.
Like I said in another comment, makes for great entertainment - just like flipping through the tabloid Enquirer in the checkout aisle (they sell alot of ads too).
Why do I blog? People do a majority of their home buying and selling research online. My blog is one of the ways we try to add value to that process. That's the goal. While a number of our visitors and subscribers may at some point turn into clients, we absolutely aren't blogging for ad clicks. Accordingly, you'll notice a certain lack of sensationalism on my blog.
If you're curious, here's more about why we blog.
p.s. I don't think everything Keith posts is shiny plastic bling bling. Here's a good post with a pretty good comment thread.
I have to agree with you Osman on the trolling. I've seen worse trolling on this blog from some seriously mind-numbed, frustrated realtors.
However, I don't think you understand the Vegas real estate market. I lived there and owned a home there, and sold it off and got the hell out. I'll admit that the 47% drop in land value article is a bit sensationalistic(bushism?).
If you wanna see something truly sensational, go drive through some new subdivision there and look at all the "for sale" signs, all the homes sitting empty waiting to be flipped, and all the jackass realtors there with their pictures plastered everywhere, looking for the next sucker.
You're right Joe. I don't understand the Vegas market, much less the appeal of gambling, all you can eat buffets, or other much celebrated activities of Sin City.
My market is Boulder, Colorado and surrounding communities. Keith might think of it as the land of granola eating, bicycle riding greenies but it's a place I'm very glad to call home.
When Keith headlined that post, exclaiming a 47% price drop in $/Acre value, complete with screaming man, he conveniently failed to note the ~140%+ increase in acres sold. That was my particular issue, more so considering he had just posted a supply/demand curve.
Oz got in some pretty good shots there. A couple of heavy punches. Maybe Keith is the troll. We'll have to give this some serious thought and reflection.
Sure Ozman, you sound like you work for the NAR. There's no bubble. All of those for sale signs are a healthy indication of our market. Face it the news it out. The people who read this blog are searching for the truth. How about some of that from the NAR. How about the families in my neighborhood who are underwater and desparate for a buyer like so many other families you scum...
1) I lived three years in boulder - 1990 - 1993 - the best 3 years of my life. Love the town.
I rented a condo looking at the flatirons with a pool for $205 a month. Nobody would buy a condo in Colorado at that point - remember Neil Bush? RTC?
I learned all about real estate bubbles from that experience. They do burst.
I went back to boulder a year ago to look for a condo to buy. Much to my dismay, a 1 bedroom condo is now $600,000+ in boulder. And soon to be $200,000. That market will crash so hard and so fast, it'll make Miami look like childs play
There's no income in boulder. no jobs. No PE ratio to justify $600,000 condos in North Boulder.
Bubble.
And Osman knows it.
As to the 47% decline article about vegas - folks, I post articles about the bubble. If you don't like the headline, go after the source - the paper.
The fact is, mean property prices did decline 47% last month in vegas, period. It is what it is.
Osman - how's the job hunt?
To clear the record, I was referring to the RJ article, not the post, as "sensationalistic" (although midly), only because I believe the BLM sales can skew the numbers a bit.
What is weird is that the RJ is so in bed with the RE folks and that Lereah lapdog Linda R. Maybe they read this blog and decided to get objective quotes for their articles for a change.
GREAT example for why you should find a local expert if you really want to know what's happening in your real estate market.
According to Keith, a 1 bedroom condo in Boulder is now $600K.
Oops, wrong again (big surprise?). In reality, there are the 214 1BR+ condos available priced UNDER $200K (currently).
As for Jobs and our local economy, we've finally recovered from the slump from the telcom collapse and the region is economically very strong. To point, we've just attracted Crispin Porter + Bogusky to the area. Here's why they chose Boulder.
Psst, Keith. The 1BR places start at $115K. Maybe you could afford to move back? I'm happy to show you a few places.. if you can prequalify, of course.
Oh, and as for whether Boulder is in a real estate bubble - I don't think so.
In the short run, I expect the psychological effects of the bubble bursting (in places like Vegas, Miami, Boston, etc) to slow things down here. Perhaps increasing inventory levels 20% or more from previous years, at most. Despite the media hoopla on the Bubble, that hasn't happened as yet. I'll let you know when it turns into a real buying opportunity.
In the long run, many positive factors bode well for our state's economy and quality of life which should make it a great place to live (with a healthy real estate market) for the forseeable future.
Also, while Boulder has long been fairly expensive, there are plenty of inexpensive starter homes available for about $200K with very reasonable commutes to both Boulder and Denver.
We've also got a multi-billion dollar transportation infrastructure program underway (FasTracks) which should relieve future congestion and make us much more mass-transit friendly in the future. A nice hedge if the peak oil scenarios hold true.
the troll got what he wanted, a post about him so he can sell RE though your blog.
never feed a troll...
Couldn't help but notice the comments concerning Las Vegas and thought I’d add to the mix. I wrote an article several weeks ago concerning the lack of industry diversification in LV… Hope some of you take the time to read it. Note: my feelings are definitely NOT mainstream-- Las Vegas—A House of Cards Bound to Fall
http://economicrot.blogspot.com/2006/03/las-vegasa-house-of-cards-bound-to.html
Krazy Kookball Keith is also the same guy who was paying $2.000 a month in rent for an apartment in Phoenix before he went overseas.....then admitted he was probably paying $1000 bucks a month too much but WAS STILL PAYING IT ANYWAY!
Osman - please continue to visit this blog, just be sure not to take any financial advice from Keith....
Please ignore my ranting and troll-baiting. Ever since I've moved to the UK I really started to hit the bottle. Now I'm afraid I might be an alcoholic, but thats the norm in London. Pray for me, I hope I can get some help for my disease.
keith
No Moman, you are wrong. Smacking the opposition around is what makes a blog fun. If you want civil discussion, watch PBS.
BrokeBack Mountain is available today on DVD for the 1st time and you guys are talking about this?
moman said........be civil
since when has civility been a requirement for this blog......our blog host regularly puts up rants about middle easterners , mexicans, realtors (keith - there are some honest ones), and spouts off about the pending apocalyspse brought on by (take your pic): bird flu, cartoons, inverted yield curve, and alan greenspan
civility was shown the door a long time ago.....
I also lived in Boulder for 5 years (2000 - 2004)and Boulder's condos are such a crap you wouldn't buy for over 50K elswhere... Only complete idiot will buy Boulder condo, unless it's in the vicinity of the Pearl Street, where yes, prices are in 600K+ range. You won't fool me Osman. And don't deceive others. Though I agree that there is no bubble there due to the growth limitations imposed by the city.
I would rather live in a Boulder condo than a Broomfield condo.
If you don't like this certain posts on this blog, don't read them. Personal attacks on personal attacks are not only necessary, they make the attacker of the attacker look reasonable.
dont be civil
huh?
you've got some smart ones here keith
see my new post with the property I was referring to - $600,000 for a 1 bed in boulder
As osman knows (or maybe doesn't being a dolt) the new developments in boulder - steelyards, 1 boulder place, etc, are going for $400,000+. Sure, being colorado, you can purchase a hell hole of a condo built in the 70's for cheap - but live in absolute squalor
But like all cities, boulder is seeing new loft development, and prices out of control
My point is that there is not the local income, or rent support, to justify the new development prices
Osman - you're fired.
I really liked your post. You would probably enjoy the articles I have compiled at my real estate property listings usa site. I invite you to check it out.
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