September 26, 2006
Is the Real Estate Market in Bubble Trouble?
You can't go anywhere without hearing people talk about "the real estate bubble." Such talk drives me to distraction, and I'll tell you why. It's because there is no real estate bubble. Bubbles are for bathtubs.
Despite a thousand articles in Sunday newspaper real estate sections, the bubble is a myth.
Talking about a bubble implies a sudden burst, and real estate does not work that way. You don't go to sleep one night with your house worth half a million dollars and wake up to find it's lost half its value.
April 07, 2008
Hi, I'm Kendra Todd. I'm a REALTOR. And I said perhaps the single stupidest thing ever said about the housing market before it tanked.
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43 comments:
"You don't go to sleep one night with your house worth half a million dollars and wake up to find it's lost half its value."
Ya wanta bet?
Keith,
I'm interested in the photo of Kendra that you used in the post. Is that cropped down from a larger photo? Maybe there is a pole in the background...and music is blaring in the background? I'm guessing that Kendras brown business suit is coming off shortly in spectacular fashion!
Dude, I'm laughing out loud. Remember, past performance doesn't guarantee anything, smarty pants lady.
She would defend her statement by sayying "Well, duh, houses didn't go down 50% in ONE NIGHT".
They've gone down by 20% or 30% or well, yes, in some cases 50% in CA in auctions of foreclosed properties, but it took months for this to happen!
See?
I always wonder why not go back to these people who make these statements of opinion they parade as fact and ask them what happened?
She didn't say "in my opinion, there's no bubble", she acted like it was idiocy in and of itself! "Bubbles are for bathtubs!". Why of course! How obvious! How could these bubble heads be so stupid, bubbles are for bathtubs!
"You don't go to sleep one night with your house worth half a million dollars and wake up to find it's lost half its value."
Muwhahahahahaha!!!!
Thanks Keith...I needed this laugh today.
Wonder how much Kool Aid SHE drank...and if she's drowned herself in her bubbly bathtub yet. Kendra? Honey? Where you at, baby?
She should stick to stripping.
another rich ex cheerleader, yea she came from money but rich people do work hard, sometimes 16 hour 18 hour days but their pay is 1000 times more than what us the bumpkins make doing the same work, oh well I hope in my next life I am born into a rich family, been poor sucks and it is worse if you parents were rich like mine and one died and the other panicked and gave all the millions to the evangelicals for their causes of feeding the poor
Ironic is it not ? our family fortune given away to feed the poor save souls and now we are poor and my soul is going to hell.
"Hi I am Kendra Todd, I am just as annoying as 'The Girls Next Door' just less attractive, less personality and without a set of 'bolt ons' but that doesn't matter. I am an expert Realtwhore and I have tv show that tells YOU what your house is worth."
I swear I am getting closer and closer to cancelling my cable.
HGTV must die
Yet, every day now we read stories in the papers about people having a HELOC one day and then the next day to get a letter in the mail from their bank saying because the value of your home went down you no longer have your HELOC. We have people being told they cannot refi out of their toxic loans because the bank has said their home has lost value, so the lien/note goes into default, the bank forecloses and they are on the street. We here every day now that because of a drop on property tax revenue state and local gov't can no longer provide basic services, cut back on hiring, raises and start firing, schools no longer can afford new books, basic supplies and sports programs, etc, etc. This was a bubble and did popped like all bubbles the after affect now is reverberating through the surrounding atmosphere, in this case communities, taxes, jobs, families and homes. Rent & wait for the bottom, stabilization, reversion to the mean. In the interim enjoy life and let this be somebody elses problem as much as possible, e.g. Kendra's.
lost half its value
Absolutely right. That was a low-end estimate.
Is there any way we can set up "re-education camps" for the Realtors? Y'know, to "re-learn the value of peasant labor."
That may be inevitable in any case. Many people are going to be laboring hard in the rice paddies when this recession (and more and more people are whispering that recession should be spelled with a "d") hits rock bottom.
First, let me just say it depends on the comps in your area. You never know what might happen when nothing has sold for 8 months, and finally something does ;)
She is obviously an idiot, but she will look good hanging off a stripper pole.
> You don't go to sleep one night with your house worth half a million dollars and wake up to find it's lost half its value.
Maybe not exactly but close: You go to sleep one night BELIEVING the equity in your house is worth a comfortable X and wake up the next day when you are confronted with the neighbour selling his (better) house for your imagined equity MINUS Y. From plus X to minus Y in one night - that will be common.
The case wi
I'd give her $20 for a lap dance!
but i'm also one hot piece of ass so i can say anything i want and get away with it
She's right LOL!
You lose 1/2 the value over 1 year, not 1 day :)
But you still lose 1/2!
Maybe it should have been called a real estate balloon instead of bubble, because it deflates slowly.
Someone get this Charlatan a spatula so she can scrape that egg off of her face.
Has Kendra Todd started making Bang Bros movies yet? It's about her only real chance to contribute to society.
You don't go to sleep one night with your house worth half a million dollars and wake up to find it's lost half its value.
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That a bimbo like Kendra Todd could be taken even semi-seriously speaks to the lamentable state of education and common sense in America today.
Kendra said..
"You don't go to sleep one night with your house worth half a million dollars and wake up to find it's lost half its value."
No, and you don't go to sleep one night with Donalds syrup on the pillow next to you and wake to find you're the latest intern at Trump property investments either.
What a loser. Goes to show how much credibility and attitude these bitchy 20-something realtors had.
I'm sure she's back to waiting tables at a Denny's somewhere.
"You don't go to sleep one night with your house worth half a million dollars and wake up to find it's lost half its value."
Unless you're Rip van Winkle, and your sleep gets interrupted!
She is a greedy beeyatch. Her clients should all sue her. They would definitely have a case as she was selling all her condo properties as an investment and not as a place to live, and each with VIP "discounts" that were made out to be immediate equity/profit. Total scam artist.
I wonder how long before she is out of business and using food stamps...
except if you own bear stearns shares, you don't often go to sleep and wake up and your stocks have lost half of their value.
stupid used home sellers.
Kendra,
You don't go to sleep one night as a hot twenty-something and wake up as a skanky 40-something, but it happens. The Kendra Bubble will pop too
anonymous said...
I wonder how long before she is out of business and using food stamps...
April 07, 2008 9:07 PM
Don't fret anon.....a girl like Kendra can always find a way to earn a living!
Yeah yeah, Kendra this and Kendra that.
The main thing here, is that she did not purchase that brown suit at Wall Marts.
Doesn’t that make her a good citizen and a patriot?
I just hope she’s not stuffing that bra with Rice, cause if she is, it would answer a lot of questions about the latest run up in Rice prices.
Come to think of it, there may very well be a connection between the Rice bubble and Realtwhores.
Think about it.
You and I go to a typical ‘all you can eat Chinese buffet’ chow down a half fried chicken with say a pint of fried Rice and we’re done, Realtwhores on the other hand may very well garner an additional 2 pints of white rice (long grain variety no less), how else can you explain this phenomenon.
They walk into the ladies room with a size A cup and walk out with a D cup, and the pocket book now looks lighter.
Anyone want to guess what NRA really stands for?
Yup
National Rice Association
Ya know what really gets me ticked off, we aught to be able to buy Rice direct from the farmers instead of paying a 6% commission to Wall Marts.
That’s it! No more Rice for me,…
You watch Rice prices plummet.
Unless of coarse the Europeans go on a Rice conservation bonanza and start pushing ‘mini rice’ thru Al Gore and our Nobel prize eco scientist, then it will only prolong the inevitable Rice crash.
The big question is still open, were did Kendra buy her undies.
I'd DO her!!!!!!!!!
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"smarty pants lady"
whats with the brutal trash talk?
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kwv,
you would do anybody!
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I'd tap that!!
God it is so damn unfortunate that people won't think for themselves. Last year, I had a co-worker buy a 1900 square foot house for 699K. He thought he was getting a great deal because the original listing price was 750K. I told him to wait it out and he just constantly made fun of me because I was renting and he kept thinking that people who rent as opposed to folks who make a mortgage payment are idiots. I begged him to listen to me and to do his own research and go on to certain blogs. But he didn't listen and kept repeating all of the same old nonsense; "if you are renting, then you are wasting your money every month", "real estate never goes down", "real estate always goes up in value", etc.... Now, when I talk to him, he is not very happy but still thinks that his value will eventually go up by 10% or more per year! This despite the fact that some other people have listed their home for high prices and no takers what so ever.
I wonder how long before she is out of business and using food stamps...
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she will never to hungry. she may have to move down the food chain some but she won't starve.
>she won't starve
Not as long as I have a lap...
I'd give her 5 bucks for a lap dance if she doesn't talk. She makes fingernails on the blackboard sound good.
Hey wasn't she in 2 girls 1 cup?
I thought she was on the "Girls gone wild and now broke from realestate bust special" or.. are they still making that?
Interesting that she called the housing bubble a "myth" - while she herself was selling a myth.
She's got the looks and will do fine.
she is still hot
Anonymous said...
I'd give her 5 bucks for a lap dance if she doesn't talk. She makes fingernails on the blackboard sound good.
April 08, 2008 8:19 AM
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She can cure that problem by gargling with my sperm every morning.
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Nice!
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