August 07, 2008
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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.
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35 comments:
Go back to school.
$100 not 6%
just grit your teeth, think of a happy place and hope for lube?
Hey!!
Dinosaurs are cool!
Quit
Don't hold yourself out as financial advisors. Yes, I know, I know. You bought a house in 1998 and its value had doubled by 2004. That doesn't qualify you (or the millions of other homeowners who, at one point, had "doubled their money") to start giving financial advice.
Eat Shit, Die!
Burdman
Adding butter to ramen noodles makes them seem like a heartier meal.
Keith,
Do you have PERMISSION to use this picture of McCain on the blog post?
Oh, thank goodness!
As far as the NAR and EVERY REALTURD IN AMERICA:
Go Fuck Yourself.
DIE U THEIVING, LYING PIGS
If I choose to use you it will be because I'm too either way busy or just too lazy to do all the research myself. And if I use you it will be for a flat fee only.
Whether I'm buying or selling, there is no justification for paying you a percentage of the home sale price.
My advice would be get use to a flat fee revenue model for your business, and if you don't see much profit in that kind of enterprise, then go back to school and learn a new profession.
Two words:
Buggy whips!
Eat shit and die?
Evolve! or DIE
It’s incredible that the 2008 presidential race has come down to tire pressure gages. One candidate thinks we can solve high gas prices if we just inflate our tires properly and release gas from the strategic petroleum reserves, and the other candidate thinks we can solve all our problems by strategically placing a tire pressure gage in the other candidates mouth.
My advice to the NAR and real estate agents? Keep your sense of humor, you’re all going to need it.
1. If you are just in it for the money get out.
2. If you never learned anything beyond what you needed to get a license then get your sorry A** out of the business.
3. If you are working another job becuase you don't make enough in Real Estate then get out. You are wasting your time, ayour clients time, and giving everyone a bad name.
4. If you are a professional, educated yourself and your clients, and invest in your business then you can succeed in helping your clients. Help them, and you will succeed in turn.
Personally, sales are up this year. The market adjustment has created opportunities for buyers/investors. We really needed this correction big time!
Ask for a 6% increase at the Sonic burger...
Take a second job. Work at McDonalds and sell that Lexus.
HERE IS A ROPE AND A CHAIR, YOU KNOW WHAT TO DO NEXT!!!!
Quit while you are ahead.
Do something productive.
Stop plastering your glam shot everywhere.
Cut your expenses.
Go into a growth industry like selling or servicing lock boxes and installing or removing for sale signs.
The longer you deny weakness in the market or call false bottoms, the longer prices will take to fully correct. The sooner prices correct, the sooner the number of transactions will return to normal.
Fee for service. That is the new model.
Division of labour. Get someone who is the best at doing the little write-ups for houses and have them do that only. Get someone who is the best at taking photos and have them do that only. You can charge a flat fee for each component of the service and then another fee for assembling it.
You can charge another fee per open house that you do. You can charge a fee to negotiate the price with the buyer or the seller.
Oh, and tell your pipe dream sellers to lower the price.
My advice for all the realtors and the NAR is to change their mantra to
"The best price for a home is the one that cash flows".
That way for a change you actually have someone representing the buyer!
Brilliant!
I am looking into small arms sales to Home buyers.The 357 revolver with a hair trigger removes the problem of second thoughts.So my advice to realtors?Be careful out there.
Tell your clients that the bubble bloggers were right all along.
Tell your buyer clients not to buy until the sellers pull their heads out of the clouds and allow the realtor to lower the price.
Tell your seller clients to pull their head out of the clouds and lower their prices drastically because you have already told the buyers not to buy.
Wondering... how is the manicure/pedicure business doing these days? I would guess business is way down, who can afford to pay someone else to file your nails these days?
You know it's bad when Zillow says homeowners are in denial.
Around 2003 I asked a realtor acquaintance what he thought of zooming prices: "Well, first of all; there is no bubble..."
So many JUST like this guy.
Merrill Lynch's fire sale was instructive. 22%; A NICKEL on the dollar amortized!
If you look like Greg Swann get off that Ramen diet. Ramen is full of fat,sodium and carbohydrates with very little nutritional value. Try granola, V8 juice and salad. It's cheap and healthy and you'll start shedding those lbs so you can get a new sales job (not houses)
Remove those magnetic signs or decals that say your a realtor from your car or suv. and if you have a personalized license plate that says something like 1REAGNT etc lose it. Oh and stop passing out those businesscards with you and your wife's photo taken together on them...thats so 2004
There will always be Realtors.
Some people will always pay the commissions.
Yes, there are a lot of people who take the time to learn and do it themselves. But the vast majority want someone to take their hand and lead them step by step.
I think HPers call them "SHEEPLE"?
"Yes, that is correct, the electrodes go on your head".....
Go f*ck yourselves.
"The market adjustment has created opportunities for buyers/investors."
Maybe. For buyers/investors who like losing money.
If you are going to pond your gold jewelries make sure you find a reputable pond shop.
As Soylent Green would put it:
GO HOME!
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