April 05, 2008

Here's the CEO of RE/MAX, showing why America is sick, tired and disgusted with the entire realtor profession






"Lying" as a marketing strategy is soooooo 2005. Come on realtors - if it's not working, and you know it's not working - change direction

If realtors EVER want to eat again, they're gonna have to change the message. They need to understand that sales aren't going to pick up until prices come down - way down - and this kind of happy talk and spin is gonna keep getting them (and the market) nowhere.

There's no "pent up demand". Americans don't believe "we've hit bottom". And people aren't going to start buying again until they can buy with confidence. And confidence won't return until prices have dropped back to or below their historical mean, until it's cheaper to 'buy' than rent, and until houses feel almost 'cheap'. 50% off is a starting point.

So, anyone want to predict
RE/MAX's drop in revenue and attrition rate for 2008? Or how many RE/MAX offices will close in the next three years? They have/had 120,000 ramen eaters and 6,000 offices. And whether they know it or not, they're f*cked.

(Cheers to patrick.net from HP as well.. great blog, inspired the start of this one)

40 comments:

Anonymous said...

barf!

condosleazy price said...

After seeing that it's pretty obvious that no position in the realty business requires any special skills set.

Anonymous said...

Greg Swann is bragging because his girlfriend/wife just sold a $60,000 home in Phoenix

RAMEN!

DOPES said...

A LITTLE GUNS & ROSES FOR OUR REALTOR AND MORTGAGE FRIENDS...

WELCOME TO THE JINGLE

WE DUMPED HOMES AND LOANS

WE GOT EVERYTHING WE WANT

HONEY WE KNOW WHO TO BLAME

YOU WERE THE PEOPLE THAT CAN FIND

WHATEVER WE MAY MAY NEED

IF YOU GOT US THE MONEY HONEY

WE GOT YOUR DISEASE

CHORUS:

IN THE JINGLE

WELCOME TO THE JINGLE

WATCH IT BRING YOU TO YOUR SHUN, N,N,N,N,N,N,N, KNEES, KNEES

I WANNA WATCH YOU BLEED

Anonymous said...

I think prices will come down when the sellers get real. An agent can't make someone list their home for less than the owner wants. It's the sellers who set the price.

Agents get paid when the home sells. No sale, no commission. It doesn't matter what that commission is.

Veronica Lodge said...

RE: How will we know when real estate prices have bottomed out?

This is such an easy question, yet no lying, cheating Realtwhore will ever provide an honest answer.

The bottom of the real estate market will occur when prices start going up again.

Prices will have to go up steadily for several months, so as not to be confused with the occasional dead cat bounce.

Now is not the time to buy or sell. Most buyers and sellers will lose money if they jump into today's real estate market.

Realtwhores must convince people to buy, buy, buy and sell, sell, sell or they won't get their 6% extortion fee.

V.L.

I think I'll pass on this yenta said...

This one looks too beat down for the stripper pole. Probably a mother of 6 embarking on a new career in real estate since the divorce or conversion to lesbianism.

She should go to work for George W. Bushco so we can keep a good eye on all the guilty in one place.

Glenna said...

First...all of these taking heads business channels have no credibility and watching them is wasted time in your life you'll never get back (exception of Peter Schiff, of course). Secondly...this Realtor spokesman is lying but no where to the degree of a commercial by the NAR that I saw last night. Back then (2007) denial was still acceptable by the sheeple. However, the new commercial was the most aggressive lying campaign I've ever seen on the part of the NAR since the beginning of the housing bubble. Sheeple are not in as much denial as they were last year and this was so "in your face lying" that it can't be ignored and hopefully there will be a resentful backlash by the masses soon. Way overdue!

area 51 said...

The station ain't so innocent either. Dumb anchor is basically spoon feeding the leading questions, like hosts do in late night. Just call it an infomercial.....

Gabor said...

I'm so fucking tired of all the scum in this world. Are most people scum or are most people good? How come only scum gets on TV?

Anonymous said...

I hope someone got paid for that commercial. What a desperate joke.

Oh,and you ROCK dopes!

k.w. -southern ca. said...

Agents won't have to tell many house debters to list their houses for less - they'll be forced to do so eventually.

It's unfortunate that the housing market has degenerated into something so rotten.

This mess will be unwinding for a very long time to come.

Anonymous said...
I think prices will come down when the sellers get real. An agent can't make someone list their home for less than the owner wants. It's the sellers who set the price.

Agents get paid when the home sells. No sale, no commission. It doesn't matter what that commission is.

Wille The Shake said...

Neither a buyer nor a seller be.

Anonymous said...

.


Don't you just love someone who can lie to you through a smile?


.

Anonymous said...

Keep grinin you idiot!

Frank@Scottsdale-Sucks.com said...

Maybe once a month we'll stop into some open houses to heckle the realtors but that's gotten boring - most of them now say up front that it's a bad time to buy and wait at least a year.

Then again, the ones who are doing open houses know they're screwed and not gonna sell anyway so they have nothing to lose.

We stopped into one and it was the same house and same realtor who was there ONE YEAR AGO ... lol

Peter T said...

"pent-up demand" is fickle, but"pent-up supply" is not. There are many peole waiting to "unload" houses: homebuyers who can't get rid of their old home, people who are suffocated by mortage payments, homebuilders who built too much, lenders who lended to much ...
"Pent-up demand" might exist with renters who would like their own house but decide to delay because of the recession, and - puff - the pent-up demand is gone for years.

Anonymous said...

Guaranteed we will have some appreciation in 7 years... haha... Judging from past real estate bubbles, we may not even hit the trough in 7 years.

Anonymous said...

How convenient that "comments are moderated"...choose the agenda you want huh? You got no balls here but love to show your shriveled grapes at ActiveRain huh?

Losers.

Typical of the mindless childish rants on this blog.

Yep..I am a real estate agent. Go ahead-- fight me morons...unlike the others I will engage you.

The reality that you won't accept is that YOU are part of the game here dudes. You can't have light without dark and you are just playing the contrarian in the same media vomit environment that you eschew. Welcome to the Jungle is right...YOU are real estate now kids. Swimming in the same shit soup you are creating.

Real estate isn't JUST about $$ gain/loss. This isn't a just a monopoly game folks. If you want to stop flushing your landlord rent down the shitter and want a piece of dirt you OWN under your ass, you buy a home. Plain and simple. I couldn't care less about what RE/MAX or any talking head says...and I don't give a shit if a home costs more or less now or later...do you use the same logic when you buy food? Shit happens...markets change. If you want a home, you find one you CAN AFFORD and buy the damn thing. Interest rates were 10-12% not too long ago..what did THAT do to your precious anal spreadsheet?

If you are buying a home for quality of life then you are buying for the right reason.The reality is people HAVE TO:
Move for career reasons, they move to buy a larger home for a growing family, they move because they were asshole idiots that couldn't use a calculator and figure there $1000 income per month couldn't afford a $2000 monthly mortgage.

If you are using home purchases as a piece of stock for quick profit then you got and will get screwed.

It ain't all doom and gloom...wise people are buying good homes, priced decent enough by the same sellers ABOVE who must move--and LIFE GOES ON.

The media LOVES to build up it's heros and tear them down afterwards. Real estate wasn't even on the radar 15 years ago...that all changed when the secret got out that people were making reams of cash flipping homes. Now that the edge is gone they want to crucify real estate...

BTW dickless ones, Margaret Kelly of RE/MAX would eat you up and spit you out for lunch. She is an MBA Harvard grad, ex-cancer survivor,entrepreneur genius, POWER exec that could be the boss of your likely meaningless jobs without an interview. Pick on the message not the messenger-- you have no business sticking your dick where you don't have the balls to pull it off...

You likely have the same little balls to pull off posting this.

You all make me sick. GROW UP BABIES.

Anonymous said...

Hey dumbshit at 9:07...

Shouldn't you be serving cookies at an open house somewhere?

Don't get all pissy here just because you're not making a living anymore.

Reality is a bitch.

Anonymous said...

Making a fine living Shit for Brains...ain't done any open houses for a looooong time. Didn't you hear? The internet made that useless. Funny how you know all about the cookies though. You a real estate bitch?

How is life at the Wal-Mart 9:44?

Anonymous said...

Lots of dung flying downtown Tampa today smell bad for the banks. I went to the Tampa REDC foreclosure sale at the Tampa convention center. It was a joke. In my opinion, these are just markerting plows to move dead inventory not sell homes. In my opinion, these banks are not ready to sell. They want to try and trick people and con people into paying high values or full market price. What happened today proves it. The I want to educate people on was a for sale 4/5/08 and the house which was number 3 on the auction list 5157 Loquat Ct Palm Harbour , FL 34685. Look at the market comps yourself first. Well first they skipped it and auctioned it off as number #5 in the auction order. It was a cash sale. It went up on the auction block and got auctioned for 390k. About 50k higher than market value. A third of the audience beleived it was shill betting and walked out of the auction. Yes a mass exodus. The auctioned begged the people to stay as they were leaving saying it may be auctioned off again later. Well an hour and a half later it was back up for auction like many of the homes. In my opinion, lots of shill bids. If auctionaire doesnt get the price he wants in the shrill bid process it goes up again later the sam day. Scam cheating and lies still beware. Sencond time on auction block 350k. Ya right. I believe that everyone in the same neiborhood can sell similar homes for 350k but magically this ones sells. Make your own judgement.

Anonymous said...

Looks like 9:07 wants to pick a fight...

Studies show consumption of excessive amounts of MSG (as in Ramen) can cause this sort of aggression!

Anonymous said...

Looks like 9:07 wants to pick a fight...

Studies show consumption of excessive amounts of MSG (as in Ramen) can cause this sort of aggression!

Anonymous said...

So we have a bunch of economists on this blog eh? You can predict the return of the market?
You shouldn't be wasting your time on this fringe blog--you should be making the BIG BUCKS at the Reserve!
Bookmark ALL these posts so you can be humiliated when the market changes--as it always does.

DOPES said...

AND NOW A LITTLE NOVEMEBER RAIN FOR THE ACTIVE RAIN CREW...

WHEN I LOOK INTO YOUR EYES

I CAN SEE THAT SALE ARE STRAINED

BUT FOR ALL THOSE THAT YOU SOLD TO

THEY GIVE YOU THE BLAME

CAUSE NOTHING LASTS FOREVER

AND WE BOTH KNOW MARKETS CHANGE

AND ITS HARD TO HOLD AN OPEN HOUSE

IN A COLD NOVEMBER RAIN

DOPES!!!

bye bye 6%ERS you are dead said...

"You all make me sick. GROW UP BABIES."

Fu*k you asshole.

ALL REALTORS ARE LYING SHIT.

NO EXCEPTIONS.

IN CASE YOU DIDN'T GET IT THE FIRST TIME, LET ME BE CLEAR:

ALL REALTORS ARE LYING SHIT.

Anonymous said...

Let's level the playing field: What do YOU do for a living?

Have YOU been affected by your market, your customers, your industry?

It's all cyclical baby.

Anonymous said...

TYPICAL.

No intelligent debate. No compelling retort to comments.

You BORE ME.

I thought this was an open forum to chat without compromise. All I get is name calling.
I ain't asking for a fight...just using your chosen language to communicate with you and make my stand. Seems like you can't handle that.

I actually thought there might be some intelligent people here willing to engage in a discussion that we both could learn from but I guess not.

When you find some real thinkers post again..till then I got better things to do.

BTW...I am having a better Q1 this year than I had in 2007...who knew? No joke. A REAL businessman reads the market and finds deals for his clients--in good times and bad.

Simple economics folks Do yourself a favor and buy a copy of "Human Action" by Von Mises. If you understand Austrian economics you will get real and understand that it is ALL good.

Anonymous said...

"Dopes": Are you just trying to be poorly poetic or are you just an idiot? What the fuck are you saying with that ALL CAPS lyric garbage?

This HAS to be a teenager lurker on this blog.

"HE'S GOT EYES OF THE DUMBEST KIND AND IF YOU ASKED FOR CHAT YOU WOULD ONLY FIND THAT HE CAN SPIT AND SHIT FOR THAT'S HIS ONLY BRAIN... OH, OH, OH, OH SWEET CHILD OF MINE."

Free the child and THINK.

Anonymous said...

anon 9 44
anon 10 08

you are bring bad karma on yourselves, you may get car jacked, robbed, or worse.

if you were all smart you would give back 80% of your commissions and try to find a way to make amends with the pissed off public.

NO ONE LIKES TO BE HUSTLED !!!!

Lucky for me I did not buy into the dream so I am fine but many of my friends and family are F***** their kids college education is F ***** and I think that is just sad.

I pray the day does not come when the public says F**** it and they take matters into their own hands start up lynch mobs and set realtors, bankers, brokers on fire, hanging them or worse, then we are truly F***** as at that point we will become another darfur, bosnia, this is getting very scary and if the banks shut down, which I think could happend in a few months then all bets are off and we are really really F*****.

Anonymous said...

anon 9 44
anon 10 08

you should also dump the rolex's, jewlery, dress down, I have because this is not the time to flash others peoples money that you and your partners in crime stole from the common man.

Anonymous said...

Anon 11:17:

What world are you living in? DAMN. I respect your concern for the future but shit, we are not going to all die in a ball of flame here soon.

A review of the history books will prove that things have sucked BAD even WORSE in prior years.

I know optimists are never recognized but things are seriously NOT SO BAD. Every time the shit hit the fan there is even MORE opportunity available. Look for it and do something with it.

I can just hear the mob on this blog ready to crash on me but, come on people! I am not trying to be some positive thinker freak here-YOU can change things--make a difference--give the BIG finger to the government.

Take this current crap and make it GOLD. This is not only HOW it is done, it is the ONLY way it ever has been done.

6% my A$$ said...

"Margaret Kelly of RE/MAX would eat you up and spit you out for lunch. She is an MBA Harvard grad, ex-cancer survivor,entrepreneur genius, POWER exec that could be the boss of your likely meaningless jobs without an interview."

Margaret Kelly could not carry my JOCK STRAP...

eric in vegas said...

Anonymous realtor, the party is over deal with it. Prices are going back to normal income ratio prices and that's a good thing.

p**** off john said...

anon 11 24

what about the evangelicals that have also gotten us into this mess, they stole from our families billions, they voted bush and co into office, what about benny hinn, oral roberts, kenneth copeland, pat robertson, jesse duplantis, jimmy swaggart, ted haggard, creflo dollar, will they come under fire as well ?

Anonymous said...

silly renters,buying a home is for adults

West Toronto realtor said...

I am member of West Toronto realtor team and I see some nice discussion here :) Truly, why some of you hate realtors so much? You don't have to use us! But I think most of the people will choose one, when dealing with properties, because it's MORE COMFORTABLE! And don't worry about jobs of my US colleagues - the good will survive, because there's always place to make good business, no matter if the prices are low or high! And the rest will have to find another job, maybe more suitable for them, that's life...

Bobb said...

most of the realtors will survive because their rich families will give them financial support to do so.

You cannot be a realtor unless you are a housewife with a rich husband, a kid with rich parents, or born into the business.

You can go for years without making any money starting out in real estate in any economy. Although 1MM people have a CA RE license very few make money with it, for most it was a good education but a waste of time and money.

I know many poor folks who lost their shirts, families trying to become realtors.

with that said.

You and your friends will survive this crisis because

A. you won the lottery

B. your rich parents are helping you survival

C. you have another profession that pays over 70k a year outside of banker, broker, realtor

Anonymous said...

Realtors think all buyers are stupid. It was the greedy dummies that got in way over their heads.

Smarter buyers are waiting for prices to drop before they buy a first home, or a second or third home.

No matter how much inventory increases, it is overpriced.