What advice would you give to realtors today?
October 16, 2006
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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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77 comments:
Swim to Cuba
Change your name and unlist your phone number. If you were a real scum, move and get a makeover if you were stupid enough to put your picture on a card.
Extra pickles, no onions, and go easy on the sauce.
Go back to high school for that GED?
Buck up - there's always stripping and hooking to fall back on?
They're hiring over at In-and-Out?
I hear WalMart is hiring!
Learn the word "Obsolete"
You can do a lot with beans.
When you kill yourself don't bleed on the pergraniteel.
Move to israel, I hear the bus drivers are making some pretty good loot.
When you go to PTA meetings don't tell anyone what you do for a living.
Na, don't ever tell anyone anywhere what you do for a living.
"Would you like to Biggie size that"
As much as I would like to say duck and cover, I can't yet, at least not in So CA.
I was one of those who sold last November. I thought the market has been pulling back quite a bit, but apparently I was wrong. I use ZipRealty to search for homes in So CA. I just spent 1 hour searching and only found one home that is selling for less than the buyer paid for the house.
So I guess my advice to realtors is...your time is limited.
Selling, or has sold? Theres a big difference. I'm SELLING my house for a half mil..... will it BE SOLD for more than $175,000, I doubt it.( Keith would take this further, and subtract any seller paid closing costs, rehab allowances, furniture ect., and that is how you get an accurate gauge of sellers net proceeds, minus any lien they may have on the property)
Even (hell, especially) in tough economic times, we need people in the liquor business!
I am seeing lots of sold signs here in Los Angeles all of a sudden. Bubble over, please go out and spend your money before it is too late.
Thanks, Your Friendly Realtor
houses priced right shelter people better than a bankruptcy...
I would advise them not to think twice about committing suicide. The less they think about it the better. Fortune favours the bold, so do something bold like jumping off a tall structure or taking 200 aspirin. You will not regret it my realtor friends.
Ummm ... find a job at Walmart or 7-11 really quick, because that's the only place that will be hiring once all the other jobs are outsourced?
Please make sure that you have taken steps to improve your security. For the top NAR people (e.g. Liereah), I hope hiring bodyguards and wearing body armor is tax deductible.
Apply for the NAR's chief economist position.
Requirements: strong cheerleading skills, ability to reinvent the past, willingness to discount observable facts and desire to HELP homebuyers after helping self.
Education: Not Required.
Post here for heavy handed moderation.
-24 Packets Ketchup
-6 oz water
-Heat to taste
-Enjoy
Become "someone you can trust - QUICK!"
The sooner you start telling the truth, the sooner we can stop the bleeding.
70% of the agents working at my company will earn over 100K this year. Not a bad living. Not as much as you bubbleheads I'm sure. Rest easy, you have job security at burger king.
There's always pawn shop's and Ebay for your bling.....
Kill yourselves!
Why the hate for real estate agents? I haven't figured that one out. Did the agents cause people to buy multiple properties? Did they cause flippers to flip? I'm sure some suck, but all of them?
Blame Greenspan for the easy credit.
your_friendly_realtor said...
I am seeing lots of sold signs here in Los Angeles all of a sudden. Bubble over, please go out and spend your money before it is too late.
Thanks, Your Friendly Realtor
Soon I will tell you that I want you to double-size my order. See you at Burger King soon.
Leave town. Now.
"Don't be a twit, they are the flippers. "
LMAO. You think real estate agents are more intelligent than I do! Agents here aren't flipping houses. We didn't boom here. The hate must be regional? Maybe that's why I don't understand.
Here in Western WA. saw an interesting addition to a "For Sale" sign:
The realtor's picture was on the sign. Someone took a pen and added the typical moustache, along with a couple devils horns and a dollar sign ($) on the forehead.
There are going to be a LOT of realtors out there who, in the next few years, once they're out of the business for good, will not be able to admit to having been a realtor during the "boom" years.
Kind of like announcing to everyone that you used to be a hit man.
Ayah, they've done a lot of damage. Along with the lenders and appraisers of course.
Business cards can be an inexpensive source of dietary fiber.
This little piggy had roast beef, and this little piggy had none!
"Ummm ... find a job at Walmart or 7-11 really quick, because that's the only place that will be hiring once all the other jobs are outsourced?"
If everyone's job is outsourced where is the money to shop at Walmart or eat a McDonalds?
What advice would you give for an out of work, bitter, liberal, left wing-Dem, blogger who left our country to sit in the UK and bitch about houses and dictate who should spend what and when and how they should spend it. Remember, this blogger has not acheived much in his life, so he tries to be a "trader" like one of those Wall Street guys. He buys tops, sells bottoms, then when nothing seems to work he declares "I'm am 100% cash" (this after saying the dollar will go down, guess that was wrong too). This blogger is admired by left wingnuts like Borkafatty, Richard (also dick), Skytrekker and numerous other zeros, so be gentle because these lefties are sensitive!
Don't drop the soap.
i'm more interested in seeing where 22 y-o mortgage salesman go next - so I can catch the next bubble
hate for real estate agents.
Like Mort said, they are the flippers. They sussed out the best deals for themselves bought from each other with interest only and drove the prices up so no one can affored to live and while they did this they lied to the consumers about EVERYTHING.
HAte RE AGENTS as much as I hate INSURANCE COMPANIES AND LAWYERS.
OT: THREADJACK From the Janitor:
Silver Prices must go up, and you can make a fortune in silver.
Paper money is now a total fraud, and has no gold backing, none whatsoever. The U.S. gold has not been audited since the 1960's, and may no longer even exist. If it does, the "official" U.S. gold hoard of 261 million ounces can back up the currency with one ounce of gold for every $40,000 dollars in the U.S. domestic banking system.
There has been less than 5 billion ounces of gold mined in all of human history, worth about $3 trillion dollars. But there is about $50 trillion of paper money in the world, and about $50 trillion of debt. So, gold should go up in value at least 10-15 times, or more.
Gold is money, because of its fundamental nature; it is a great store of value; it's liquid, portable, rare, a luxury item, lasting, durable, divisible, recognizable, verifiable, and can't be counterfeited.
Silver is like gold, but better, because silver is being used up by industry. More silver is used up by industry, jewelry and photography than is mined every year.
Silver demand may not decrease with higher prices, because silver jewelry can become more fashionable as prices rise. And in most industrial applications, silver is a tiny percentage cost of the overall product.
Further, as silver prices rise, investment demand will increase, as it's hard to beat 30% gains every year, as silver has been doing since 2003.
Silver can protect you from rises in gas prices! Oil is now about $60/barrel, but silver is only about $11/oz. In 1980, oil peaked at $43/barrel, and silver peaked at $50/oz.! And in 2000, oil bottomed at $10 barrel, and silver bottomed at $5/oz.
Peak oil experts say that there is only about a 40-year supply of oil left in the ground, but there is only about 14 years supply of silver reserves in the ground! Silver’s the better investment.
As silver and oil prices return to historic ratios, silver prices will rise to about $30-$70/oz, up from $11/oz. today, and if oil moves even higher, silver will move higher with it!
If silver could be counterfeited, our copper clad coins would look a lot more like silver than they do. Silver coins are easily recognized by anyone who has ever held one, and felt the difference in weight.
Silver is so rare today that many of the best experts say that there is barely 300 million ounces of silver in refined, deliverable form. With 300 million people in the U.S., then if you have even one single ounce of silver, then you may have “more than your fair share”, and are either an evil, greedy, capitalist pig, or a wise steward of your own wealth.
A day’s wage over 100 years ago used to be up to a silver dollar, or as little as a silver dime. You can buy those same silver dollars today for much less. Take it as you may but I am buying may I suggest.. Get some not the ETF The actual kind you hold in your hand..
peace and good luck.
Infidelwoman you sound mad at the world. I've made loads of money in real estate, as a real estate investor. I started buying property in 1991 when no one else wanted to buy.
Don't be mad at others that you missed the boat. Today you can still buy gold cheap! Gold is my next big play. It's trading at $594. Let's see where it is December 2009. That's my gold nugget to you!
Most sheeple just follow the herd. Financial opportunities are always out there.
Bork, silver's great until you buy a few hundred thousand dollars worth. Storage is a heavy problem. $100,000 in gold will fit in a shoe. An equal amount in silver is over 700 lbs.
You gold and silver pushers are no better than the RE guys on the late night infomercials. This is a housing discussion, so take your sales pitches elsewhere...
I started buying property in 1991.
SO DID I A$$ whole. You assume way too much. I am not going into my history here and now because HPrs know it.
Suffice it to say I now know, the hard way, that people like you are making it on the backs of their trusting clients. Trust RE Agents at your own Pearle.
Face it your job it obsolete, just like an apartment condo conversion or an olive colored fridge.
And as for angry at the world, no, I am a survivor and I am a realist. I have landed on both feet, and am doing surprisingly well despite my unfortunate, unwanted, necessary association with Realtwhores, Insurance Companies and Lawyers.
I can sleep at night and look in the mirror with peace, un like people like you.
Can you say, "May I take your order please?"
or
Maybe using just learning to use the microphone is too much of a cranial exercise for you?
Those who watch Good Morning America, know that they did a special trying to sell a home in one week. They had a realtor whore show up and stage and price the house. The show checked in every day and they even did a open house. Well its been 3-4 weeks and guess what, it's still hasn't sold. The realtor said today, we had 3 sets of people who were interested, but they never called back. Its great watching over priced areas and enrealistic prices not selling.
as a real estate investor
Oh and sure you are, isn't everybody?
Those realtors who have republican leanings will be able to find work in the gay porn and pedophile porn industry, it will be a natural fit for them.
I used to think it was great, but the longer this goes on, I start to think it may be not so great.
It seems that most of the markets that are failing, are the extra diverse, muli-cult cesspools. I noticed several years ago that the "investors" from California, Arizona, ect. Were starting to "invest" aka short sell with cash back to other "investors" in my neck of the woods. I kinda wish these swindling schiesters would have kept there giant jew scams in the big city cesspools. I don't think we'll be affected nearly as bad, but affected nontheless.
The real estate agents are like Levi Straus (IMHO) - they didn't create the gold rush, they just mined the miners. Old Levi would be proud of them selling their services just like he sold pants to folks trying to make a quick killing in the gold fields when the tent deal didn't work out. True, it's easy to be jealous when you see someone without an advanced degree and not much personality making a mint in a short time but at the same time, these guys don't have the intelligence or wherewithal to create a credit bubble like we've seen in the past few years. They did have the moxy to see the bubble and go for a buck - a lot of them are going to see that reaching for the brass ring does have a long term cost but that's life. You pays your money and you takes your chances! Are they deceptive and manipulative? Show me a salesman who isn't - never been to an "Honest John's Used Car Lot"? This is America by gawd!
Not jealous of RE Agents myself, and love the free economy. I like to see people make money, I just do not think they should take people down on thier way to the top.
But a really good and funny post anon.
You gold and silver pushers are no better than the RE guys on the late night infomercials. This is a housing discussion, so take your sales pitches elsewhere...
------------------
sales pitch..I beg to differ..you must work for the FED! buy realestate you cant loose....look around you patch man..check mate the game is over with housing..when you convince yourself at that ou will do much better....you want proof game over.my brother inlaw's construction crew just got pinked slipped this morning friday is everyones last day..12 man crew done..stop preaching I know what this blog stand for.
Refinance, and get laid!
http://austin.craigslist.org/cas/221715586.html
http://austin.craigslist.org/cas/221715586.html
Infidelwomen, some people never understand finance/economics. I'd be glad to serve hamburgers, but I'd end up owning the franchise. Winners, win and losers, lose. You have to decide where you stand. Be angry at the world and you will certainly lose.
Real Estate 101 said...
As a Looser, as you know me so well, I
wonder how I can afford a new flat panel monitor and a computer?
An 07 car, paid for that gets 40 mpg? How can I afford, oh I don't know,
Raising 2 sons that were abandoned by their father whilst running two business from home and oh yea, loosing everything to a fire and still owning a new home?
I am a realist and I am not happy with what Flippers and RE Agents (people LIKE YOU) have done to
MY Home Town.
Nuff said.
Take your smug attitude and Go find a Friendly Blog for all the delusional Flippers, Mortgage Lenders, Investors, and Realtwhores like you. It is not HP.
As for me, I choose happy not angry, but you just don't get it.
Real Estate 101 said...
Here you go.
http://www.carnivalofrealestate.com/
Nice Gold post Borkafatty… I agree.
Oh, and of course Silver too..
I have both physical gold and silver, in 1 oz coins. Yup, the silver is much larger to store cause of the 50-1 ratio. I also have GLD and SLV in my 401K. Will get some energy stocks soon.
Long term holds for me. Not playing peaks and dips except to buy the dips like i did when i bought 500 silver coins at $13.40 each, cash.
Do you know what i think. Realtorwhores have a lot of free time on their hands. If you were so busy selling houses whores why are you looking at housing panic?
Do you know what i think. Realtorwhores have a lot of free time on their hands. If you were so busy selling houses whores why are you looking at housing panic?
Anonymous said...
70% of the agents working at my company will earn over 100K this year. Not a bad living. Not as much as you bubbleheads I'm sure. Rest easy, you have job security at burger king.
I see you are very busy at your agency. Did you get tired of solitaire?
infidelwoman does sound kindof mad.
Why hate stupid people? Do you hate retards?
Just assume all the people out there are morons (which they basically are). You can't hate morons.
Real Estate 101
Found This for you,
Carnival of Real Estate.
corrected from "here you go" above.
Enjoy. Bye Bye.
http://www.zillowblog.com/zillow_blog/
2006/07/carnival_of_rea.html
InfidelWoman
Anonymous said...
infidelwoman does sound kindof mad.
This arrogant Flipper did push my buttons, but I am not "mad at the world". Again, I am a realist. The rose colored glasses are off.
I am really saddened at what these greedy people did to our homes and hometowns. Playing them like they were stocks. My Hometown was really nice and affordable until Flippers etc. came along.
Get in your car and drive away from your estate and never go back. Literally.
Fight with an insurance company for five years, then deal with Crazy Flipper landlords and a fire whilst starting over (never mind Charlie, Jeanne and Frances) and then you will SEE the REAL Matrix we all live in. It is quite fragile.
I am okay now, in life, and HP REALLY Helped me.
I love to flame these Flippers and Realtwhores. If it was a Home Owners Insurance Agent he would get the same treatment from me.
Plus I am home sick today so I have time to play with Keith, Richard, Mort and Borka et all.
heheheh
Yeah, Infidelwoman you'll get revenge on all the stupid flippers and realtors as the flippers go bankrupt and the realtors go bankrupt when 50% of them lose their jobs in the coming downturn.
But yeah things are nuts out there. It's like most people turned into morons all at once.
Don't know what happened but it seems like modern finance gave people who would normally have been at the bottom of society a means to borrow a tom of money and frack everything up bigtime.
Dear Anon 8:41:58 PM
WOW, did you ever nail my thoughts so eloquently.
Thanks and Thanks HP
Up Ward and On Ward....
well, except revenge, I am not into revenge, just self improvement.
Well, it's not really revenge. It's their own stupidity catching up with them.
real estate 101,
While I know that all real estate agents are not unethical, the ones that are unethical have made a significant contribution to the furor of the real estate market. It would be naive not to think that many agents preyed on potential homebuyers' fears during the runup in prices. Take these quoted gems for example:
"Housing prices only go up"
"Buy now or be priced out forever"
Since they are agents, they not only try to sell the product they are selling, but they are also selling themselves. That's why we have to look at all of those horrible pictures of agents that were taken at Glamour Shots. Surely, nothing says "I am a trustworthy, down-to-earth person that will work hard for you" than those awful pictures.
For your homework assignment, why don't you take a good look at the NAR's code of ethics. It reads like a good comedy script in my opinion. Also, doesn't it seem odd to you that the NAR needs to show TV commercials that Realtors are bound by a strict code of ethics, yet it's obvious that the people on the commercials are being told what to say, and might even be paid actors? How ethical is that?
And how about the conspiring among 6% brokers to keep discount brokers isolated in the real estate business? I took real estate courses once, and the last time I checked, no market is supposed to set the level of commissions paid to Realtors. It's called collusion, and not only is it unethical, it's downright illegal. And this problem is not an isolated problem, it is downright rampant.
They need truck drivers in Iraq. It would be a perfect job for a realitor. If one gets blown up no one will mind. The U.S. could say "So we lost a good truck, and one of those realitor creeps!
Or we could us them for laboratory experiments, because the scientist get too attached to the lab rats, but they won't get attached to the realitors.
We can use them for target practice!
Learn to play the skin flute....underwater.
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