It should now be painfully obvious, my underemployed, nothing to do, ramen-eating real estate clerk friends, that the NAR and The Corrupt David Lereah (TCDL) are no longer your friends. Their actions and activities are actually HURTING YOU, not helping you.
You are paying dues to, and still publicly supporting, an organization and it's spokesman who has made your profession a laughingstock, and "REALTOR(TM)" the least-trustworthy position in America. Yes, you are now lower than Catholic priests and stockbrokers I'd say. And that's tough to do my friends. Tough to do.
So it's time for the real estate clerks of America to rebel. Start an online petition (maybe firedavidlereah.com?) calling for the immediate dismissal of NAR Liar in Chief TCDL, and demand an apology to the American people for the continuous lies and distortion that spewed out of the NAR during the mania and subsequent collapse.
Yes, TCDL is paid to do the NAR's dirty work, to lie, to spin and to distort. Yes, he made a deal with the devil and now has a lifetime to answer for his evil deeds. But every day he stays at the NAR is like another day of the GOP hanging on to Tom DeLay. And you know where that led...
I don't expect real estate clerks to take my advice. Collectively your brain power is a bit low obviously, as your morals are too. But I'll give you this advice for free.
Real estate clerks, and the NAR, are now a joke. America will blame you for the housing crash. You have screwed people time and time again, people who TRUSTED YOU, people whose interests you were supposed to represent, all for that big commission check.
You can atone for your mistakes and evil deeds. And you can start with a house cleaning at the NAR, and the firing of your Iraqi Information Minister.
Or you continue to be seen as a joke, and eventually just whither and slither away. Which is what I think will happen in the end unless we see radical change, and soon.
Peace out. I hear Safeway is having a sale on ramen by the way.
Different professions vary greatly in how much they are trusted to give their clients or patients good advice. According to a recent Harris Poll measuring U.S. adults’ trust in 11 different professions to give advice that is best for them, the professionals trusted completely by the greatest number of adults are doctors (50%), dentists (47%), and nurses (46%). At the other end of the list, those with the fewest adults saying they trust them completely are stockbrokers (6%), real estate agents (7%) and insurance agents (9%).
22 comments:
real estate clerks = car salesman
If I hear a real estate clerk saying one more time, "it has great natural light...natural light...natural light", I'm gonna puke! Please, you sound like a broken record.
From Sacramento:
Real Estate Agents and Family Members Own Eight Pot Houses
Eight of the last nine valley pot houses raided by federal authorities are owned by a single group of real estate agents and family members.
An analysis of property records by News10 following drug raids on January 12 and February 7 reveals the link.
Real estate broker Norberto Gaerlan and sales agents Gina Gaerlan Monterola and Yile Xu of American Homes in Union City along with other Gaerlan and Monterola family members own or have owned eight pot houses in Lathrop, Tracy and Modesto.
Contacted by telephone, the Gaerlans told News10 they had not spoken to federal investigators. But documents filed in US District Court in Sacramento indicate the third real estate agent, Yile Xu, has been questioned.
Xu owns two pot houses and a 2000 Toyota Echo that was seen by undercover agents visiting several others.
During a search of her residence in Union City on January 17, Xu told agents with the Drug Enforcement Administration she knew nothing of the pot growing operation. Xu told agents her two pot houses and those owned by her colleagues and their relatives were under the care of a property manager. Xu said the property manager also had access to her car, and had since gone to China.
Xu told investigators the property manager paid all the owners with cash delivered in individual plastic bags.
One month after the January 12 raids, all six of the Lathrop houses remain boarded up with no sign the owners have made any attempt to restore them.
During a visit by News10, the front door of the pot house in Tracy owned by Yile Xu was wide open and the front hallway was still littered with debris from the January raid.
Federal agents believe the last nine pot houses raided in San Joaquin and Stanislaus counties are connected to 41 others busted since late summer. All are believed to have been run by a Bay Area-based organized crime ring.
Sixteen people have been arrested and more than 23,000 marijuana plants seized. But to date, none of the property owners has been formally implicated in the operation.
What horribly misguided post. To fire Learah now is to bail him out. Rather, he should be left in place to ride the elevator all the way down.
The Democrat insurgents are now in control of the House and Senate, so what are you all still crying about? Don't worry, they'll "feed" you weaklings, you won't starve.
By the way, I just sold my house for 550K (bought in 2001 for 275K) and moved to a beautiful suburb with twice the house and half the taxes.
Keep crying whiners...
NAR members don't vote for leadership or staff. It's like the NEA, and teachers don't care what happens at the top either. I doubt any Realtors have ever even heard of David Lereah.
He's an hired gun by the power team leadership. He's sent to be a voice to the public to SELL more houses.
A better person to blame is GREENSPAM the money man, aka Bubble Boy.
As I came out of the library yesterday, there was a guy on his cell phone standing in the lobby. Passing by I heard the catch phrase "never been a better time to buy!" Since there was a used book sale in the lobby, I decided to browse and listen in. At first, I couldn't decide whether this a*shole was a realtwhore, loan broker, or a one-man boiler room operation.
Anyway, the sucker on the line wasn’t biting, so they parted company and he dialed another number out of his notebook. Now its becomes obvious from the conversation the he is making cold calls to underwater FB's.
Every line out of this guy's mouth was sooooo smooth, carefully rehearsed, confident, soothing, caring, AND PHONY that while I didn't bust out laughing, I did have a grin from ear to ear. If I hadn't had other pressing errands, I think I would have asked him between calls: “Are you a real estate agent?” just to get him on a roll. Maybe throw in a non-existent teaser property just for fun.
Every one of his lines I already knew by heart from coming to HP everyday. And to think, there was a time when I would have actually believed this a*shole.
Damn, that's scary!
Not sure about you guys,
But I want to be RE clerk when I grow up.
It requires no education; just a few bucks a year for membership fees.
All I need to do is drive around showing other peoples homes and scare my clients that this is the biggest investment they’ll ever make and that they are not capable of doing it on their own. Even if I only close on several properties a year with current prices and 6% commission I’m set! (if I’m not the listing agent I only get to pocket 3%).
What other job can you think of that’s more fun and pays this kinda money?
All you HPers can blog away until you’re blue, while I’ll be cruising the neighborhood raking in the dough.
I can already hear it. Kaching!!
Every realtor I spoke to in my town
has lied to me. Like the old saying
"when their lips are moving, they are lying"
Oh oh even the so called christians who (walk it out) lie if they are a realtor. The apple is rotten from the top down to the core.
By the way, I just sold my house for 550K (bought in 2001 for 275K) and moved to a beautiful suburb with twice the house and half the taxes.
=================================
It's about time you figured it out. Had you sold earlier you would've pocketed even more.
"By the way, I just sold my house for 550K (bought in 2001 for 275K) and moved to a beautiful suburb with twice the house and half the taxes."
Same troll bleating circa 2002:
"By the way, I was trolling you morons about tech stocks never going down. I sold mine the day before the peak and quintupled my money with puts in the crash."
"But I want to be RE clerk when I grow up. It requires no education"
Sorry, that's why the Internet is killing it. You need something with a higher barrier to entry (or, in this case, ANY barrier to entry).
"It's about time you figured it out. Had you sold earlier you would've pocketed even more."
He also forgot to claim that he only paid $312K for his new house. He should also have made up some sqft and tax numbers. A believable troll is all about the details.
As with all Ponzi schemes, the part you never hear about is that the only way to escape with your profits is to sell and either rent or move to Bumf*ck, Oklahoma. They ain't gonna hold down the price on the mansion next door just so you can hop off the joyride.
Agre with KEIF in that realtors are lying sacks of shit. Disagree with the KEEFSTER that real estate is a bad investment.
My personal story:
I sold my home 2 months ago. Originally had it listed at $479K thanks to the advice of my idiot realtor. Sat there for 3 months with no action. Finally I told her to go bye bye and listed myself on the MLS for $299 flat fee and reduced it to $449K with a 3% offer for buyer's agents.
It was amazing the amount of interest I had all of a sudden now that the price was more realistic. After 3 weeks I had an offer for $425K. We went back and forth and settled on $444K with me paying all closing costs which amounted to about $5000, for a net sale price of $439K.
I paid $289K in 2003. After taking into account all expenses, real estate transfer taxes, etc I made a tax-free profit of $115,000 for doing nothing but living in my home.
Yes, had I sold a year ago, I would have made an extra $15K-20K. Oh well, can't win em all.
However, had I rented during this 3.5 year time period like many of you, I would have saved $20K in the difference between rent and PITI. Assuming I invested wisely I would have $30K today on which I'd have to pay tax.
$115K tax-free vs. $30K taxable ...hmmm I dunno did I make the right decision buying? You tell me renters.
No you freaks hate natural light? Good god you people need some serious help. Oh wait, this makes sense the more I think about it. You live in basement apartments so natural light for you is a foreign concept.
Carry on with the paranoia
To the anonymous who says he sold his house for $550,000. Thats great...for you. Where the crap hits the fan is down the line. The people who bought your house are probably 28-35. They will have higher carry costs, higher insurance, higher property taxes, eventually will pay higher withholdings for SS and medicare....higher everything.
The entire point of this blog has been made by your post. You found a sucker who has absolutely no chance of repeating your good fortune with that house. In fact, his/her experience over the next 20 years will be the opposite of yours financially on that piece of real estate.
I think I just made a good deal. My Realtor (TM), Candy, helped me put this deal together. I just got a 16,000 s.f. house with GRANITE countertops for less than $75 per month, thanks to Candy, who showed me how I could do this.
You see, I recently lost my job as a hooker because of my age (48) and all, so Candy showed me how I could get a mortgage loan with no down payment. And the best part is - Candy says I will never have to pay back the loan. The government will take care of it if I can't make the $75 per month payments, since I have become an official member of the OWNERSHIP SOCIETY! Is this a great country, or what?
Anon said:
Sorry, that's why the Internet is killing it. You need something with a higher barrier to entry (or, in this case, ANY barrier to entry).
+++
Huh???
Are you talking in inside RE lingo?
Do you mean that not just everyone is capable of grasping this far out concept of buying a house?
Glad you mentioned we need some kind of barrier, just imagine how awful it would be if anyone off the street could just go ahead and buy or sell a property,.
What would us commoners do without the mercy of a REIC?
I had a agent that said there was no bubble, and that her sales were never better. I fired her after wanting to put a offer in on a house and she said "I can't write that up it's too low". BTW I bought the same house with another agent w/i 5K of that price, too bad, she was greedy, and got Zero....hahahahaha And I bought a house under the 2001 price, after upgrades, ding ding - we have a winner.
I remember when my parents bought their first home. It was 1983 and I was 11 years old yet recall this quite vividly. Even though I had no clue about real estate or home ownership I recall the time as being kinda scary for me since my parents were arguing.
The details I remember was spending $85,000 on a home. My mother thought that was crazy. My father thought it was worth it. And they fought and fought until luckily my mother agreed. They sold that house a year ago for $490,000.
So 10:42, your fears are nothing new. Every generation thinks they are screwed and can't afford a home. My mother thought that about $85,000. When I bought my first home for $300,000 5 years ago, I almost backed out since I thought $300,000 was insane to pay for it. Yet I bought and am glad I did.
That couple that bought the poster's $500,000 will sell it for $900,000 some day to another couple who will have second thoughts about speding what will then seem an enormous amount of money for a home. And so it will go every generation.
You renters will wake up one day and realize how wrong you were. Don't say I didn't try to warn you.
As for higher SS and Medicare, WTF does that have to do with anything? Those higher costs will be there regardless of whther they buy or rent. And higher property taxes/insurance? Genius as a renter you pay property taxes and insurance too, indirectly. If those costs go up you as a renter are just as fucked as an owner...or wait actually I guess not in HPland where rents never go up, I forgot that.
As I came out of the library yesterday,
priceless...a library going renter. Lemme guess you took the city bus to get there too. Pathetic doesn't begin to describe you losers.
FLASH:
Record home price slump
Fourth-quarter report from National Association of Realtors shows largest price drop on record as markets with price declines now outpace those with gains.
http://money.cnn.com/2007/02/15/real_estate/home_prices/index.htm?cnn=yes
David Lereah's ever optimistic response:
"Examination of data within the quarter shows home prices stabilizing toward the end," said a statement from David Lereah, the NAR's chief economist. "When we get the figures for this spring, I expect to see a discernable improvement in both sales and prices."
I LOVE THIS GUY!!!!!!
Post a Comment