Here's Russ Jensen's report from Phoenix, a market in the middle of an epic housing collapse. It's an excellent time to buy! Prices going up over 100%! (Wonder if Russ himself is out scooping up properties - I'd bet... not)
Home values have increased by an average of 21% in Phoenix. This does vary by zip code. However, this is a highly sought after community and the Phoenix area home values are projected to grow.
Money Magazine June 2006 edition says that homes in the Phoenix area have increased 44.9% in one year and are expected to increase to 108.4% in the next five years - more than double the current home values! This is an excellent time to buy.
Now here's the actual Money Magazine article... and Phoenix chart. Note that Russ (oopsie!) said they predicted a 108.4% rise over the next five years. 100% incorrect Russ - Money listed 108.4% as the bubble rise Phoenix saw over the PAST five years. But hey, you knew that anyway, didn't ya? Didn't ya?
You can contact Russ here, see if we can get him to post a mea-culpa at Realty Times (yeah, right). And if anyone has free time, surf Realty Times and post more realtor lies and deception here. It's so easy to find over there, it's like shooting fish in a barrel.
August 11, 2006
Gotta love realtors - so many either clueless, dishonest, deceptive or in this case out-right confirmed liars
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17 comments:
Acredited Buyers Representative (ABR)
Certified Success Graduate (CSG)
At Home with Diversity (AHD)
I really love looking at realtors 'qualifications'. What the hell is a Certifed Success Graduate? Or, At Home With Diversity?
More BS from the industry where buying is always in vogue.
Cheers, Haggis
I cant stomach that web site found this little Gem
http://realtytimes.com/rtcpages/20060721_pickandchoose.htm
"Real estate, unlike stocks or bonds, is a good investment any time …"
What a pile of stinky crap
I don't even want to argue with these people any more. This whole crash is tetering on the edge of disaster and their desperation is so obvious.
Great photo, and awesome movie. I thought I was going to get thrown out of the theater for laughing too much.
Usa today breaks down the Numbers.. Renting versus Buying..you be the judge..Personally I own, and I enjoy the work around the house..break down for you.
http://tinyurl.com/nddgs
30 year fixed 6% taxes only $1344 a month..I pay the homeowners Insurance right off when I recive the bill it is only $400+- and change. So for me ownership is affordable.
That is Principal and interest with Taxes ..my bad
Is this the RE scum conundrum?
"As an Experienced Realtor I am commited to helping Buyers find their home for the lowest possible price...For buyers, I help negotiate the best possible deal"
"As an Experienced Realtor I am commited to helping Sellers get the highest possible price"
This is all BS. He wants a sale, period. Gotta get that commission. They probably do not give a hoot about the deal or the outcome for the FB they put in the sh*tbox.
"Can Everyone Afford to Own a Home?"
That link on the REIC website is pretty disgusting. Gov't free money so a single mom (stupid bimbo more like it) can buy a house when she only makes the (not yet law) minimum wage of $7.25? What is wrong with letting stupid people stay poor?
http://realtytimes.com/rtcpages/20060811_minimumwage.htm
Haggis has nailed it again!
How about these:
Association of Sales Service
Lease Agent Mover Enterprise Associate Service Seal
Duel Unified Mortgage Brokers of Assisted Selling Service
Diversified Institure of Credited Key Housing Entry Advise Division
What is wrong with letting stupid people stay poor?
What does ones Financial status have to do with being stupid?
Paris Hilton Is as stupid as a blow up doll yet she is very wealthy..
wait blow up doll, stupid, wealthy..bring it on!
i don't know who is buying, and where, but it sure is not in the downtown area. i track a lot of units through ziprealty to see when they go inactive. not happening. total, i mean TOTAL ghost town. i know the light rail construction is jacking traffic, but still, dozens of condos for sale in tapestry and orpheum. prices are still out of check with reality. there are just not enough buyers willing to pay $400/sf for a poorly built condo. and the DOM for some listings is approaching ONE YEAR ! also, lots of 600K homes in the willo that have been sitting for months. 3 listings on the same block of holly street are sad. one has dropped from over 500K down to 410K, and still nothing. i think it is worth about 220K. ugly house, bad kitchen, one house away from 7th avenue, which is like a speedway during rush-hour. there are two modern, infill condos on palm lane that have dropped from 649K to 525K and another from 549K to 475K. sitting empty now for months. you can still hear the echo of silence.
my two cents from downtown phoenix.
The other day I was driving down a major street here in my city, busy area traffic wise and ver congested. Anyway no bullshit there are 7 houses in a row all on the same side for sale..and across the street there were 4 more every other house..I have nerver seen that since i have lived here..as you can see I dont get out much.
Home to work, work to home I hate people so i try to avoid them as mush as possible.
Hey do you know what anon 3:22:25 just wrote.
Read again.
Get it now?
Paris isn't stupid... she's leveraged her semi-famous upbringing into millions. She gets paid 1 million to show up at a party!
Actually I think she's misunderstood and one of the sexiest girls out there. A little high maintenance, but a good heart.
Sorry but, Paris is a trainwreck! Smart enough to whore herself out to the highest bidder, but quite vacuous. Famous for being infamous. Intriguing yes, but extremely narcissistic! Not a drop of class, from a family name oozing with it...or at least at one time they did! She will do anything no matter how outrageous to keep her name in the news. Why do you think so many watch her show 'the simple life'? Same reason people watch an auto race, to see the firey crash and carnage! Sorry but true!
That's Hot!
Paris
That realtor should be tarred and feathered. What a piece of shit.
oh, ... and Paris too.
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