March 22, 2007

HousingPANIC Stupid Question of the Day


At this point in the meltdown, should we feel sorry for real estate clerks (formerly known as REALTORS®)?




34 comments:

couponcutter said...

Hey Keith, you've got to read this article about the condo market in Miami. The article takes comments, so go at it HPs.

http://tinyurl.com/2l3j5z

Anonymous said...

No, we shouldn't feel sorry for them. They need pain.

Anonymous said...

NO, NEVER. They never felt sorry about manipulating, lying and exploiting naive people who just bought into the american dream propoganda despite the fact that the agent new they'ed be plowed over by a financial freight train. So why the hell should we have any sympathy for these bastards when what we're seeing is JUSTICE!! What goes around comes around. Life has a way of achieving balance in the universe. What we are seeing is just that. SUCK IT UP AND SUCK IT HARD REALTWHORES.

Anonymous said...

no, burn in hell

christiangustafson said...

The REALTOR®s will be just fine, Keith. When times were so good during the housing bubble boom, they planned and saved up for a rainy day. As experts on real estate as well as regional and world macro-economics, REALTOR®s have seen this bubble with clear, capable eyes, and planned accordingly. By now, most have diversified their savings into a variety of prudent investments, including gold and foreign currencies as hedges against the dollar.

If a REALTOR® gives you investment advice, you are truly blessed.

Butch said...

Give 'em a break, Keith.

The poor fools are just trying to get by in a harsh and cruel world. A world where they weren't blessed with the highest of intelligence, but WERE lucky enough to be born just at the right time in history--to participate in the biggest housing bubble of all time!!!

Sadly, however, because of the afore-mentioned IQ-deficiency, many of them actually believed that they WERE smart and probably didn't save any of those big commission checks for the proverbial rainy day.

So, yes we should feel sorry for them.

Mark said...

The Realtors here in Ohio are getting excited. There has been a surge of new buyers coming out in recent weeks. I'm a Mortgage Lender. I was getting ready to leave on vacation and here I am slammed with new loans. What I have been seeing though are either buyers looking at the low-LOW end of the market, or older, wealthier, or retired folks who basicly don't give a S&!# what the prices in the market are. The investors out there are scrounging for good deals on foreclosures. The bread and butter, middle-class, move-up, working families are not doing much.

Flagg707 said...

Sorry for 'em? Sure, to a point. They were caught up in the madness as much as the homedebtors who took out toxic mortgages left and right.

That said, they were supposedly professionals, educated in the business and bound to a code of ethics which many willfully ignored.

My main disgust is reserved for Greenspan - these REIC bottom feeders were just enablers and kool-aid drinkers.

Batman said...

How bout that little head and shoulders on the DX chart from the beginning of December? Kinda like the previous three month pattern that got us from the 85 support level. So does this mean we have repeating breakouts down on the dollar in three point cycles? The pigmen can't let it drop too fast...

Great stock tip: invest in money printing machinery. It's sure to break out soon!

FUNNOMINAL said...

Yes, of course we should feel sorry for them.
Anyone still wearing a mid-'70s polyester pinstripe with an 'i am the walrus' mustache deserves the same pity we would bestow on an imbecile suffering from total amnesia.
And alert yourselves to the eyes, full of fear that you might discover the magical disappearing act about to be performed on your money. "Oh, God, he's thinking, plllleeease sign on the line giving me a 6 months exclusive listing agreement at 6%".

Batman said...

We've reached bottom? Check this out:
http://tinyurl.com/2c7zuv

(histogram of ARM resets for next five year)

Anonymous said...

We should feel sorry for REALTORS with village-people mustaches

borkafatty said...

Is this the long lost Bush offspring?

Anonymous said...

That guy looks like a Mexican porn star or a congressman from California!

Anonymous said...

These people are not economists, they're salespeople. And most of them have been badly duped by the "economists" that they trusted within their profession, people like David Lereah. I definitely feel sorry for them.

FlyingMonkeyWarrior said...

uh,......no.
I do not feel sorry for Real Estate Clerks or Fliptards.
I actually, rather dislike them as a general rule.

Anonymous said...

old man Bush said "the brown ones are mine"

Anonymous said...

Hell no! They got rich on this crap to the expense of the buyers and ultimately the whole economy including people who are financially responsible. I will pay for this as a high earning fiscally conservative person. How? Inflated currency, government bailouts, higher taxes,... And I resent it.

GreedKills said...

sweet article couponcutter

Anonymous said...

Borrower beware
N.J. doesn't bother checking loan officers' ability or integrity
Monday, March 19, 2007
BY SAM ALI
Star-Ledger Staff



You need a license in New Jersey to cut hair, do nails, even groom a cat or dog.

But to sell a mortgage loan -- the single most expensive investment most consumers will ever make -- all you need is $100. No education, no criminal background check, nothing.

http://www.nj.com/printer/printer.ssf?/base/business-6/1174317304315730.xml&coll=1

Anonymous said...

Don't feel sorry for them. They will respawn into their previous life form again, perhaps a snake or eel. Unfortunately they will probably continue in a field that still preys on the weak and innocent, since they have already tasted blood. Car sales? Time shares? Life Insurance? How about scamming with those "work at home ads"?

brokersleaveyoubroke said...

If a REALTOR® gives you investment advice, you are truly blessed

I laughed out loud when I read that. Most realtors I know are divorced women who went into real estate because they suddenly needed a job and had no skills or education. The good looking ones usually do OK and the rest eventually get real jobs. The only investment advice they know is designed to generate a commission for them. To suggest that someone take investment advice from a realtor is so absurd as to be funny. A realtor has no more training in investing then the guy who reads your electric meter.

Anonymous said...

Cold Ramen and breadcrumbs under the Freeway Bridge is TOO GOOD these EVIL little RealtyTrolls.

Let them ALL STARVE !

mr big said...

Is that ron jeremy?

Westchester Chick said...

No - some of the last ones in will have to get real jobs but many of them are seasoned sales people. Sadly as prices drop this is going to be a great time for them. As it gets harder and harder for people to sell their homes at all - let alone on their own - there will be a lot of struggling people that might have to turn to them for help. The good ones are going to keep selling. Let's just hope they make themselves useful to society by getting sellers to slash their prices to come in line with incomes. Let's leave the realtors alone for a while and pick on the mortgage bankers/brokers that told people they could afford $500K homes on a $50K income as well the idiots that listened to them without doing the math themselves.

Anonymous said...

Mexican porn star or a California congressman!

What's the difference?

Shakster said...

AH ,Nahhh, EFFF THAT one Kieth.

Anonymous said...

If they are young enough and reasonably attractive....the "quality of entertainment" in certain establishments should improve markedly.

And they'll just keep bouncing along....

Anonymous said...

REALTORS MAKE THE BEST GAY LOVERS


RAINBOW POWER!

Anonymous said...

Screw those friggen slimy salespeople. How's the Ramen taste chumps?

Anonymous said...

Bush sucks literaly

Anonymous said...

"Let's leave the realtors alone for a while and pick on the mortgage bankers/brokers that told people they could afford $500K homes on a $50K income as well the idiots that listened to them without doing the math themselves.


No, let's NOT leave them alone. They also pointed the buyers to the broker who stuck them into the shitty loan KNOWING the broker was a douche bag. They are all in on it. I say fuckem all. Good day sir.

Anonymous said...

Sorry?!! I feel nothing but contempt for these snake-oil salesmen. Indiscriminate licensing brings out the worst, and they are nothing more than bank robbers without the gun.

I say, eliminate all the middlemen, including appraisers, and homebuyers might have a chance in the future.

Anonymous said...

I don't feel sorry for any salesperson. They want what you have...your money.