tag:blogger.com,1999:blog-18675105.post117019541206697469..comments2024-01-15T12:16:41.302+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPANIC Homework Assignment - DUE TOMORROW!!!bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-18675105.post-1170386825870054492007-02-02T03:27:00.000+00:002007-02-02T03:27:00.000+00:00Anonymous said... I told this realtwhore that I wa...Anonymous said... <BR/>I told this realtwhore that I was waiting for prices to come down..here was her response:<BR/><BR/><BR/>I understand your hesitation. But, do you mean waiting to see if prices in<BR/>our project are going to go down? Or waiting for the market in general? I<BR/>can tell you that regardless of what the market does, prices won't go down<BR/>in ...... Castle & Cooke will not lower prices since they continue to<BR/>accrue costs and it is just not the history of their projects to do so.<BR/>However, the interest rates are going up, and to help with that, the<BR/>developer is offering a 2/1 Buy Down program. We can get you in to a 2 bd<BR/>townhome (priced at $340,000) at 2 percent below the first year and 1<BR/>percent below the second year. The third year and remainder of your loan,<BR/>the rate will go to what you lock in at today. Along with the tax savings<BR/>of home ownership, it really helps people get in the door and ease into<BR/>their payments. You might want to consider it, it is a huge cash savings. <BR/><BR/>Wednesday, January 31, 2007 8:29:30 PM <BR/><BR/>---------------------<BR/><BR/>Funny stuff with the subsidized teaser rate for the first couple of years. I guess they figure (mostly correctly) that sheeple are unable to think too far ahead. That "third year" must seem like an eternity away to the average "Idiocracy" homo idioticus.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170386560768482192007-02-02T03:22:00.000+00:002007-02-02T03:22:00.000+00:00Anonymous said... Great Idea. I think I will do a ...Anonymous said... <BR/>Great Idea. I think I will do a similar thing at the place of employment of the renters here. I'll walk into McDonald's and see if I can buy a Big Mac for 30% off asking price.<BR/><BR/>I'll post my report later today. <BR/><BR/>Wednesday, January 31, 2007 5:52:45 PM <BR/><BR/>-----------------<BR/><BR/>You must be confused. It's FB homedebtors like you that are moonlighting at the Golden Arches to pay the suicide mortgage on their McMansion. The renters have the free time to check on the falling asking prices, and the (falling even faster) sales prices. It's free entertainment. As they say, some of the best things are free.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170312526688856452007-02-01T06:48:00.000+00:002007-02-01T06:48:00.000+00:00I've been doing this 1/2 seriously in Chicago thro...I've been doing this 1/2 seriously in Chicago through ou the summer. The clerk's play is to get your cell number. All I want is a price, and they act like the computer is on the other side of the office...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170309863965997122007-02-01T06:04:00.000+00:002007-02-01T06:04:00.000+00:00'Great Idea. I think I will do a similar thing at ...'Great Idea. I think I will do a similar thing at the place of employment of the renters here. I'll walk into McDonald's and see if I can buy a Big Mac for 30% off asking price.'<BR/><BR/>Hey, good idea. If you happen to spot 900,000 extra big macs under the heat lamp with another 50 added every five minutes and only three customers in line and Big Macs have gone from $3 to $10 in the past few years while the competition (renting) is still $3, then offer 50% off and go for that big mac! You deserve it!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170300998824774932007-02-01T03:36:00.001+00:002007-02-01T03:36:00.001+00:00The reactions are not surprising. Either they will...The reactions are not surprising. Either they will reject you outright or try a long winded response that uses some financing trick to "get your foot in the door" without actually lowering the price.<BR/><BR/>Same thing happened to me in December.Out at the peakhttps://www.blogger.com/profile/10855394670202295976noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170300996078528492007-02-01T03:36:00.000+00:002007-02-01T03:36:00.000+00:00The reactions are not surprising. Either they will...The reactions are not surprising. Either they will reject you outright or try a long winded response that uses some financing trick to "get your foot in the door" without actually lowering the price.<BR/><BR/>Same thing happened to me in December.Out at the peakhttps://www.blogger.com/profile/10855394670202295976noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170288426248287372007-02-01T00:07:00.000+00:002007-02-01T00:07:00.000+00:00Q: Why don't ramen eating realtors have a sense of...Q: Why don't ramen eating realtors have a sense of humor?<BR/><BR/>A: Because they're hungryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170277508503875372007-01-31T21:05:00.000+00:002007-01-31T21:05:00.000+00:00Just as I suspected. Regular renters here are unem...Just as I suspected. Regular renters here are unemployed welfare receiving scum that have time to email developments.<BR/><BR/>Oh well everyone needs a hobby I suppose.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170275370285868592007-01-31T20:29:00.000+00:002007-01-31T20:29:00.000+00:00I told this realtwhore that I was waiting for pric...I told this realtwhore that I was waiting for prices to come down..here was her response:<BR/><BR/><BR/>I understand your hesitation. But, do you mean waiting to see if prices in<BR/>our project are going to go down? Or waiting for the market in general? I<BR/>can tell you that regardless of what the market does, prices won't go down<BR/>in ...... Castle & Cooke will not lower prices since they continue to<BR/>accrue costs and it is just not the history of their projects to do so.<BR/>However, the interest rates are going up, and to help with that, the<BR/>developer is offering a 2/1 Buy Down program. We can get you in to a 2 bd<BR/>townhome (priced at $340,000) at 2 percent below the first year and 1<BR/>percent below the second year. The third year and remainder of your loan,<BR/>the rate will go to what you lock in at today. Along with the tax savings<BR/>of home ownership, it really helps people get in the door and ease into<BR/>their payments. You might want to consider it, it is a huge cash savings.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170274468913902512007-01-31T20:14:00.000+00:002007-01-31T20:14:00.000+00:00Because we all know the price of Big Macs has gone...Because we all know the price of Big Macs has gone up 80% over the past 5 years.<BR/><BR/>Matter of fact to stay competitive i believe all of these fast food companies have created a "dollar" menu of sorts.<BR/><BR/>Maybe you real estate clerks can do the same, Pennies on the dollar menu. <BR/><BR/>You should be able to get tons of experince while working with those "renters" in a few months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170274282744708162007-01-31T20:11:00.000+00:002007-01-31T20:11:00.000+00:00No go on 50% off but yes on a BJNo go on 50% off but yes on a BJAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170272116058820912007-01-31T19:35:00.000+00:002007-01-31T19:35:00.000+00:00"Great Idea. I think I will do a similar thing at ..."Great Idea. I think I will do a similar thing at the place of employment of the renters here. I'll walk into McDonald's and see if I can buy a Big Mac for 30% off asking price.<BR/><BR/>I'll post my report later today. "<BR/><BR/>Sounds like a bitter home debtor!<BR/>HAHAHAH ROFL.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170265965819338432007-01-31T17:52:00.000+00:002007-01-31T17:52:00.000+00:00Great Idea. I think I will do a similar thing at t...Great Idea. I think I will do a similar thing at the place of employment of the renters here. I'll walk into McDonald's and see if I can buy a Big Mac for 30% off asking price.<BR/><BR/>I'll post my report later today.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170265071907567312007-01-31T17:37:00.000+00:002007-01-31T17:37:00.000+00:00OK, I did this today because I was out of town unt...OK, I did this today because I was out of town until late last night. Here is what I did.<BR/>1. Called a homebuilder that I know has existing inventory. I found out that asking price is between $300-500k in this subdivision.<BR/>2. Talked to a clerk and told her I just moved in from Texas because of an unexpected job transfer, that I’m living month to month in an apartment, that I haven’t sold my old house, that I can afford $200k because I will be making two payments, and that I’m going to buy a home this weekend.<BR/>3. I asked her if I could get an existing inventory home for $200k.<BR/>4. She said that we could definitely work something out and that I should set up an appointment to come out today.<BR/>5. I told her that I’m talking to a couple of homebuilders and that I would get back to her if I’m interested.<BR/><BR/>Unfortunately, I’m expecting her to call back this evening.<BR/><BR/>***Warning*** If you do this homework assignment you may get harassed by a real estate clerk. We had this same homework assignment over the summer. At that time I called a clerk and talked to them about getting a home for 50% off asking. I went out and looked at the home that weekend with the clerk and said I didn’t want it because it wasn’t worth 50% off (which it wasn’t). I posted a picture of the specific home and talked about what happened on this blog. Well, that clerk then called me on my cell about 50 times over the next two months. I'm expecting this clerk to do the same thing.David in JAXhttps://www.blogger.com/profile/09371542144837323413noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170264055352081842007-01-31T17:20:00.000+00:002007-01-31T17:20:00.000+00:00man, realtors have no sense of humor!!!man, realtors have no sense of humor!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170258658039591742007-01-31T15:50:00.000+00:002007-01-31T15:50:00.000+00:00KEIF,Are you 16 years old? This sounds like the ki...KEIF,<BR/><BR/>Are you 16 years old? This sounds like the kind of prank a high schooler would pull.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170258030857380272007-01-31T15:40:00.000+00:002007-01-31T15:40:00.000+00:00I called last week, and did JUST THAT!! When I men...I called last week, and did JUST THAT!! When I mention 35% below asking, the realtclerk hung up on me. Boy was she ANGRY!<BR/><BR/>HAR HAR HAR!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170236984640698042007-01-31T09:49:00.000+00:002007-01-31T09:49:00.000+00:00Better yet let's start prank callingBetter yet let's start prank callingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170222738223278192007-01-31T05:52:00.000+00:002007-01-31T05:52:00.000+00:00Off topic, but I just had to point you to this bef...Off topic, but I just had to point you to this before it goes offline. On tonight's broadcast of Yhe National ( http://www.cbc.ca/video/index.html# - click on "the national") which is the biggest TV news in Canada. If you skip ahead to around 55 minutes in, during the final comercial break, there's a comercial where a man is eating a meal in a restaurant, and the price listed on the sign keeps increasing as he's eating. JUST LIKE THE APOCRPHAL STORY ABOUY CUPS OF COFFEE IN WEIMER GERMANY. There's even a closeup on a coffee pot. Then, the next ad is for ATM equity-cash-out mortgages. From $20,000 to $500,000!<BR/><BR/>God help us. God help us all.<BR/><BR/>(note- the link will die at 11:30PM ET on WED when the new version of the national posts, so if you're going to post it, I'd do it early in the day. I'd grab a copy of it, but I don't know how to copy video from a streaming source. Maybe you have a geek who can figure it out. Cheers mate, your round.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170203794466813542007-01-31T00:36:00.001+00:002007-01-31T00:36:00.001+00:00I savor the experience.I savor the experience.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170203775087452802007-01-31T00:36:00.000+00:002007-01-31T00:36:00.000+00:00I just let the realtwhore fellate me. I gave her ...I just let the realtwhore fellate me. I gave her my fake business card that says I work for a hedge fund and tell her I'll call. <BR/><BR/>Works every time. <BR/><BR/>Don't bother low-balling them, just "ball 'em!"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1170203402360490172007-01-31T00:30:00.000+00:002007-01-31T00:30:00.000+00:00My dog ate my homework, sorry qweefy.My dog ate my homework, sorry qweefy.Anonymousnoreply@blogger.com