At this point in the meltdown, should we feel sorry for real estate clerks (formerly known as REALTORS®)?
March 22, 2007
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
About Me
HP blogs & websites
- AmericaPANIC
- Angry Bear
- Angry Renter
- Bank Implode-O-Meter
- Big Picture
- Blown Mortgage
- boom 2 bust
- Bubble Blog News
- Bubble Markets
- Bubble Meter
- BusinessWeek Hot Property
- Calculated Risk
- Case Shiller Graphs
- Charles Smith
- CNBC Realty Check
- Contrarian Chronicles
- Countrywide Foreclosures
- Deflationland
- Denninger Market Ticker
- Dirty Scottsdale
- Dollar collapse
- Dr. Housing Bubble
- Drudge Report
- Fed Up USA Protest
- Financial Sense
- firedoglake
- Flippers in Trouble
- Foreclosure Data
- Gawker
- Gold equals money blog
- Gold Prices
- High Probability kid
- homegain blog
- Housebubble blog
- Housing Blog Recap
- Housing Bubble Bust
- housing bubble hall of shame
- Housing Doom
- Housing Fear
- Housing Tracker
- Housing Watch Price Tracker
- Housing Wire
- I Can't Sell My House
- Infectious Greed
- Inventory Overload (realtor)
- Irvine housing blog
- itulip
- J-walk blog
- Kitco
- Kunstler
- LA Times Bubble Blog
- LA Westside Bubble
- Lasner on Real Estate (OC)
- Lawrence Yun Watch
- Long Island Bubble
- Marin Bubble
- Media - BusinessWeek
- Media - Financial Times
- Media - New York Times
- Media - News Hounds
- Media - Olbermann Blog
- Media - TV Newser
- Media - Wall Street Journal
- Media Matters
- millionaire mommy
- Mish's Global Economic
- ML Implode-o-Meter
- Moneyfiles Bubble Blog
- Mortgage Fraud Blog
- Mortgage Insider
- Mortgage Ledger
- mortgagefit portal
- My Two Cents Blog
- National Mortgage News
- News: Reddit
- Northern New Jersey Bubble Blog
- NYC bubble
- Paper Economy Blog
- Paranoid Ben's boring blog
- Patrick.net
- PeakOil - Life After the oil crash
- Phoenix Flippers in Trouble
- Piggington
- PIMCO Bill Gross
- Politics - C-Span Videos
- Politics - Dick Morris
- Politics - First Read
- Politics - FreeRepublic GOP Talking Points
- Politics - Huffington
- Politics - Kos
- Politics - Malkin
- Politics - National Journal
- Politics - Politico
- Politics - PoliticsTV.com
- Politics - realclearpolitics.com
- Politics - RedState GOP Talking Points
- Politics - The Note
- Politics - TPM Cafe
- Portland Oregon Bubble
- Prudent Investor
- Ramen Recipes for Realtors
- rancid truth
- Real Clear Politics
- Real Estate & Housing Outlook
- Real Estate Bloggers
- Real Estate Decline
- Redfin.com
- Republicans Are Assholes
- Sacramento Landing
- Scottsdale Sucks
- Seattle Housing Blog
- SlackerRevolution
- SoCal Bubble
- Soot & Ashes - New from HousingPANIC
- Speculative Bubble
- Stocks - Blogging Stocks
- Stocks - Bob Brinker
- Stocks - Cramer Mad Money Videos
- Stocks - DealBreaker
- Stocks - Denninger
- Stocks - Financial Times
- Stocks - Forex expert
- Stocks - I Bank Coin
- Stocks - Market Ticker
- Stocks - Money Week
- Stocks - Motley Fool Caps
- Stocks - Option Addict
- Stocks - Options Trader
- Stocks - Portfolio.com
- Stocks - RealClearMarkets
- Stocks - Seeking Alpha
- Stocks - TheStreet.com
- Stop the Mortgage Bailout
- the greenspan mess
- The Superficial
- Trulia
- Truth about mortgage blog
- UK House Bubble
- Video - Blip Radical TV
- Video - BrassCheckTV
- Video - Countdown
- Video - Fox Business
- Video - Movietone News
- Video - NBC News
- Video: Bloomberg Live
- Video: BNN Bubble News
- Video: C-span Junkie
- Video: CNN Live
- Video: Crooks and Liars
- Video: Daily Show
- Video: Housing Crash TV
- Video: Jim Cramer
- Video: MSNBC
- Video: PBS Frontline
- Video: Peter Schiff EuroPacific
- Video: Politics Videos
- Video: Presidential Debates
- Video: TPMTV
- Vigilant Investor
- Voice of San Diego
- What Bubble?
- Wiki US Bubble
- Zillow.com
- zz HP Mandatory Terms of Use
Blog Archive
- February 2022 (1)
- August 2018 (1)
- November 2016 (1)
- June 2013 (1)
- December 2010 (1)
- November 2008 (22)
- October 2008 (155)
- September 2008 (164)
- August 2008 (141)
- July 2008 (108)
- June 2008 (129)
- May 2008 (128)
- April 2008 (161)
- March 2008 (198)
- February 2008 (168)
- January 2008 (190)
- December 2007 (151)
- November 2007 (132)
- October 2007 (146)
- September 2007 (157)
- August 2007 (143)
- July 2007 (163)
- June 2007 (147)
- May 2007 (153)
- April 2007 (135)
- March 2007 (118)
- February 2007 (147)
- January 2007 (138)
- December 2006 (157)
- November 2006 (154)
- October 2006 (193)
- September 2006 (199)
- August 2006 (182)
- July 2006 (184)
- June 2006 (140)
- May 2006 (200)
- April 2006 (166)
- March 2006 (154)
- February 2006 (105)
- January 2006 (74)
- December 2005 (119)
- November 2005 (132)
31 comments:
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
No, we shouldn't feel sorry for them. They need pain.
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.
no, burn in hell
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.
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.
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.
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.
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!
We've reached bottom? Check this out:
http://tinyurl.com/2c7zuv
(histogram of ARM resets for next five year)
We should feel sorry for REALTORS with village-people mustaches
Is this the long lost Bush offspring?
That guy looks like a Mexican porn star or a congressman from California!
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.
uh,......no.
I do not feel sorry for Real Estate Clerks or Fliptards.
I actually, rather dislike them as a general rule.
old man Bush said "the brown ones are mine"
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.
sweet article couponcutter
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
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"?
Cold Ramen and breadcrumbs under the Freeway Bridge is TOO GOOD these EVIL little RealtyTrolls.
Let them ALL STARVE !
Is that ron jeremy?
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.
Mexican porn star or a California congressman!
What's the difference?
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....
REALTORS MAKE THE BEST GAY LOVERS
RAINBOW POWER!
Screw those friggen slimy salespeople. How's the Ramen taste chumps?
Bush sucks literaly
"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.
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.
I don't feel sorry for any salesperson. They want what you have...your money.
Post a Comment