This same troll posted the historical median prices from LA to another post - kind of like the one we used to get months ago with the US median prices - with the inference that prices never go down, that real estate only goes up and up and up and up and up
Sorry Richard (nice photo/drawing by the way - ha!), past performance does not dictate future returns. But that's not on the GED test, so I'd understand if that's news to you...
Here's the troll's HP letter:
Hello All,
Let me guess, those of you who are putting off buying a home, are the same people who made the same conclusion three years ago.
I bet, three years from now with rates hovering above 7.5%, you'll have something else to complain about.
Congrats! It's never a bad time to buy real estate. Life doesn't wait for you. If you truly want to understand the local market, talk with an real estate agent or better yet, call the local Board of Realtors who will provide you hard evidence.
Sincerely,Richard Johnston, REMAX
Los Angeles Real Estate Agent
August 19, 2006
Realtor troll posts to HP. Must be getting mad, lonely and desperate right about now...
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Condo Prices Fall Nationally
real estate downturn has hit the condo market -- though it's not exactly a blood bath, at least not yet. According to figures compiled by the National Association of Realtors, condominium prices in metropolitan areas fell 0.3% in the second quarter compared to the same quarter a year ago. According to the trade group, the national median existing condo price was $225,800 in the second quarter. Condo markets suffering the most include the MSA of Palm Bay-Melbourne-Titusville, Fla. (down 11.8%), and Toledo, Ohio (down 9.7%). NAR also reported that median prices in the single-family market rose 3.7% in the second quarter. "With more sellers competing for the pool of buyers, the pressure on home prices has evaporated in most metro areas," said NAR chief economist David Lereah. He described the price slowdown and correction as a "soft landing in the
http://originationnews.com/plus/#5
From California - realtor calls for 20% price cuts if you want to sell:
Throughout the state and the nation, the numbers are similar. However, Santa Clarita's real estate agents see nothing to fear.
"It's very simple," said Celia Gallardo, owner of Gold Feather Realty in Newhall. "It's now a buyer's market."
Gallardo described the current market as one that is more normal - a "realistic slowing down of the economy to meet the demands."
However, converting to a buyer's market forces sellers to reduce prices, she said.
"People need to realize that they are not going to get the prices they got last year," she said. "They need to come down by 20 percent."
http://tinyurl.com/q5p9z
what a tool!
don't you just want to slap the guy?
puke!
how are you fags doing today?
This looks like the guy who hangs out with George Michael at the LA park restrooms?!??!
He must have a BMW and Neg Am loan in trouble!
how does he know 7.5% in three years, what an ass... it is possible that rates will go lower along with demand and prices.
he may need to go back and finish up high school... after he gets laid off in six months...
Rates may even be higher than 7.5 and prices have to fall to compensate.
What a cheerleader he is! He must be young to not have gone through a RE downturn, or not paying attention to one!
Be nice.
The man will soon be unemployed.
No - He'll probably be in jail.
You don't need a GED to become a realtor. There are really no requirements other than the basic test. It's harder to pass the drivers license test in most states...
MY Fear??! . . .the Fed will panice and go back to 1% interest rates. . .
Then I guess I would have to get off my butt and buy some overpriced condo here in SD. I think we should be nice to all Realtors these days, and help them look for gainful employment.
Never a bad time to buy a home IN LA? don't think so.
Talk to an agent?
I would rather do a forced march up my own Ass....With full pack!
Your(collectively) Narcissism knows no bounds!
can you say, EGO!
These guys need a serious azz-beatin'!
He's lovin this because he's getting exposure!
This is the kind of agent we have all grown to loath!
Remember, when shaking his hand, keep an eye on your wristwatch!
Well, if he loses his job as a real estate agent, he can get a job as a trial lawyer!
Same ilk!
Yeah, bet he took a class in ethics too!
Glad to see well educated people posting to this blog.
5 of the past 6 weeks, my zip code "91762" had average 6 sales per week. Last week 25, who the F**** is buying, looks like some see today's market a buying opportunity. I am not sure who's buying!!
why would a guy pay $10 for a caricature on santa monica pier and then use that as his marketing photo?
l-o-s-e-r
just like the 22 year old "day traders" during the .com boom, these young punk realtors are gonna get the spanking of their lives, and it's already started
then they'll be on to the next thing - spammer, crook, drug dealer, used car salesmen, male stripper, whatever, but definitely not an honest living for these scum
This guy is a moron! His picture also reminds me of Bobby Trendy
Could it be they're the same person???
-Dragasoni-
Absolutely Right!
He reminds me of those smug, condesending, slick, snot-nosed a--holes during the dot com era! The ones that could do 'No' wrong... remember them? Where are they now?
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