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Realtors(R) still promoting financial suicide


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2006 Nov 5, 5:39am   23,533 views  234 comments

by Patrick   ➕follow (58)   💰tip   ignore  

Shill

I was horrified to see a full page ad in the NY Times this morning, encouraging people to buy now, of all times.

Here's a PDF file of the ad

And here's their insider announcement

The need for this kind of desperate propaganda seems like a clear sign of fear among Realtors(R).

Patrick

#housing

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57   FormerAptBroker   2006 Nov 5, 1:31pm  

Peter P Says:

> One huge issue I see is that the educated people are
> often disincentivized from having children while welfare
> recipients are encouraged to breed like rabbits.

Unlike my hard core Libertarian friends I don’t want to see poor people die in the streets, but I’m sure we would have a lot less people on welfare in if I ran public housing in a way that would make boot camp seem like easy street (up at 6:00 am ever day for PT, breakfast in the mess hall then job training until lunch)…

We would have a lot less kids since I would throw guys that didn’t pay child support in jail, letting them out only after they agreed to go to work to support their kids. They would spend their first year out of jail living in dorms and learning the skills they need to keep a job (like getting up at 6:00 am for PT, before breakfast in the mess and showering and dressing for work)…

58   astrid   2006 Nov 5, 1:37pm  

FAB,

That sounds like a program I could get behind. Kids usually do better with a lot of discipline anyhow.

I would also support a licensing system for breeding. You get the first kid automatically (unless you have Huntington's Disease or similar) but must justify all future procreation activities.

59   astrid   2006 Nov 5, 1:38pm  

Beagles, Cocker Spaniels and retrievers are all cute but acceptable for a male dog owner.

60   Peter P   2006 Nov 5, 1:42pm  

I would also support a licensing system for breeding. You get the first kid automatically (unless you have Huntington’s Disease or similar) but must justify all future procreation activities.

Not a bad idea! :)

Some of them might even have skills that could come in handy in urban warfare.

Huh?

61   astrid   2006 Nov 5, 1:43pm  

CR,

If you can't be bothered to read direct replies to your queries, then you are truly wasting everyone else's time.

(tip, do a search in last thread with term "molecular biologist")

The odd thing is, I recall you actually replying in response to that comment.

Perhaps you're suffering early signs of dementia. Might want to have your doctor check that out for you.

62   Peter P   2006 Nov 5, 1:47pm  

I was inferring that many of the dead beat dads may be gang members involved in urban warfare here.

I see.

63   astrid   2006 Nov 5, 1:48pm  

would sheeple attract good looking women?

64   Peter P   2006 Nov 5, 1:49pm  

would sheeple attract good looking women?

Only if they make great wool.

65   Different Sean   2006 Nov 5, 1:50pm  

I don’t think a man walking one would attract women, they’d assume it was his girlfriend’s.

dagnabbit...

spaniels etc could be ok. my friend has a beagle, it spends all day jumping up and down on its hind legs, very hard to manage...

once we narrow down the breeds, maybe fab can resurrect his biz idea...

66   astrid   2006 Nov 5, 1:54pm  

I find Nubian goats to be quite cute and mellow looking. They look like they'd be good pets.

67   FormerAptBroker   2006 Nov 5, 1:57pm  

SFWoman Says:

> FAB, How about just making men who do not pay
> child support go into the military? Some of them
> might even have skills that could come in handy
> in urban warfare.

My Conservative friends agree with me when I say that men with young children should be home to raise their children…

The same Conservatives then get mad when I say that “home to raise the children” means you won’t be on a ship or in Iraq for a year where you don’t see your kids…

I also don’t think that people with kids should be interviewing terrorists, filming bombs dropping or hunting crocodiles…

68   Allah   2006 Nov 5, 2:02pm  

Let’s hope that he is alright. All wars are wasteful.

Not the war on housing!

69   Peter P   2006 Nov 5, 2:03pm  

Not the war on housing!

Did you mean war on housing or war against housing (NIMBY)?

70   Allah   2006 Nov 5, 2:08pm  

Did you mean war on housing or war against housing (NIMBY)?

Not against housing,....houses are good! :) Against these lying, desperate, greedy, over-priced house pushing, spinmeisters!

71   Allah   2006 Nov 5, 2:13pm  

That ad should require at declaration of at least "Not Investment Advice" with a "Housing can lose significant value in the next few years" clearly visible.

72   Peter P   2006 Nov 5, 2:14pm  

Against these lying, desperate, greedy, over-priced house pushing, spinmeisters!

Real estate agents are probably just doing their jobs to sell and promote houses.

I have more problems with people who make new housing nearly impossible. I say let it build!

73   Peter P   2006 Nov 5, 2:33pm  

Hope the weather lasts. Anybody see any good open houses today?

It was way too warm today in the city.

74   Allah   2006 Nov 5, 2:36pm  

Hope the weather lasts. Anybody see any good open houses today?

My sister went to one two weeks ago just for fun. The realtor actually told her that the open house ran for 2 days and that she was the only one that showed. She got there just as they were closing up the second day....at least she was honest.

75   Allah   2006 Nov 5, 2:38pm  

I just don’t like dishonesty on the part of any salesperson or anyone, for that matter.

I know, the same here.....at some point this will all end and the NAR will have lost all its credibility! Will anyone ever trust this organisation again?

76   Allah   2006 Nov 5, 2:40pm  

I don’t like addressing someone as ‘Confused’.

Why not just call him RID?...."Realtwhore In Disguise".

77   Allah   2006 Nov 5, 2:46pm  

I wish David Lehreah's new book was out. I can't wait to go on to Amazon and review it.

78   Allah   2006 Nov 5, 2:50pm  

Check it out of the library or read it at Starbucks in Borders then review it. You don’t want to participate in deceptive or untruthful behavior.

I don't need to read it to review it! :)

79   Brand165   2006 Nov 5, 3:06pm  

Actually, now that I've de-lurked, I'm starting to find CR moderately annoying. He/she/it is rather redundant. Eternal fluff + perpetually sunny = troll?

FormerAptBroker says: As an undergrad I ended up at Marina Green with a cute (almost white) golden retriever puppy and met so many girls that I went back across the Bay and tried to figure out a business plan for a “puppy rental” business catering to single guys (we had to scrap the plan since we couldn’t figure out what to do with the dogs after they weren’t “cute puppies” any more…

5 words for ya: Seeing Eye Dog Training Program. We used to get the "recruits" into work all the time. They are golden retrievers or yellow/black labs. Most are still in the shoe-chewing stage, but they wear these cute little green bibs that say "Seeing Eye Dog In Training". You get booku points for having an adorable puppy, plus they are training for a noble life helping the blind. How could that not get a prolonged "Awwwwhhh!" from every cutie you meet?

Problem is, I have always had labs or goldens, and I would get horribly attatched to the lil' nippers. I would never be able to give one away after I had bonded with it, not even to some 9-year old blind girl with cancer.

btw, does anyone else think that Ha Ha might be a bot?

80   SP   2006 Nov 5, 3:14pm  

SFWoman Says:
I think that I shall start calling ConfusedRenter Carla. May we address you as Carla?

Is that short for "Carlatan"?

SP

81   Different Sean   2006 Nov 5, 4:52pm  

not sure whether to be carl or curt? then why not Carlotta...

82   Different Sean   2006 Nov 5, 7:31pm  

important message:

The Race Between the Right Wing and the Right Thing ...a message from Michael Moore

Friends,

Tomorrow night, those who sent 2,800 of our soldiers to their deaths -- all because of a lie the president concocted -- will find out if America chooses to reward them -- or remove them.

As good as things look for the Democrats, do not pop the corks and start the partying yet. Do not believe for a second that the Republicans plan on losing. They will fight like dogs for the next 24 hours -- relentless, unforgiving, nonstop action to squeeze every last conservative voter out of the house on election day. While the rest of us go about our day today, tens of thousands of Republican volunteers are knocking on doors, making phone calls, and lining up rides to the polls. They're not sleeping, they're not eating, they're not even watching Fox News. A day without Fox News? That's right, that's how insanely dedicated they are.

But the reason they have to work so hard is that, before they can get the vote out, they first have to completely turn around the massive public opinion against them. Almost 60% disapprove of Bush. Over 60% are opposed to the war. Those are landslide numbers. And the American people are not going to turn pro-war or into Bush-lovers by tomorrow morning. So it should be easy for us, right?

Yup. Just like it was when we won the popular vote in 2000 and when we were ahead in the exit polls all day long in 2004. You know the deal -- the other side takes no prisoners. And just when it seems like things are going our way, the Republicans suddenly, mysteriously win the election.

Well, it's not really that mysterious. They're out there busting their asses this very minute, right down the street from you. What are YOU doing? You're on a computer reading my cranky letter! Stop reading this! We have only a few hours left to wrestle control of the Congress away from these "representatives" who, if returned, will continue shipping our young men and women over there to die.

Here's what I'm imploring you to do right now:

1. Go through your address book on your cell phone and computer and call/e-mail everyone you know. Tell them how much it would mean to you if they vote on Tuesday. If they don't know where to vote, help them find their polling place.

2. Contact MoveOn.org ASAP. They will connect you to the folks who need you to make calls.

3. Contact your local Democratic Party headquarters. There are close races in nearly every state. They'll put you to work -- on the ground or on the phones. Or go to the local HQ for the Dem candidate running for the House of Representatives or the U.S. Senate and say, "Put me to work!"

OK, turn off the computer -- and I will, too. There's serious work to do. The good news? There's more of us than there are of them. Let's prove that, once and for all.

Is there anything more important that you have to do today? Nothing less than the rest of the world is depending on us.

Yours,
Michael Moore
www.michaelmoore.com
mmflint@aol.com

83   DinOR   2006 Nov 5, 11:29pm  

SP,

Exactly! Imagine the NASD coming out with a full page ad blitz saying "Now is a good time to buy OR sell a stock"? When you put it in that context it's hard to imagine a a more ridiculous statement!

Which stock? Am I buying it or selling it? Does it really matter?

This has to go down as one of the dumbest ad campaigns in in the history of advertising. Doesn't it strike anyone as a little odd that rather than individual RE firms saying "Buy through us, we always get the best price" what we get is the broader trade organization speaking for all firms?

84   DinOR   2006 Nov 5, 11:38pm  

SFWoman,

Very interesting article. I'd read one similar a few weeks back where an upscale FL home had been on the market for about a year with NO offers. All of a sudden an offer comes in at 300K OVER asking! Well go figure?

Turns out when folks can't get the MEW they were looking for to support their lifestyle they simply sell it to their neighbor! (And vice versa). See how everything just works out in the end?

85   DinOR   2006 Nov 5, 11:45pm  

Yeah, well the full page ad definitely sent a flood of emotion over me! So much so that I'm ready to write an offer on Ann's listing in the post above!

86   DinOR   2006 Nov 5, 11:55pm  

"probably leveraged up to his eyeballs"

When Carlotta said for us not worry about him, "he bought in 2002 and 2003" I almost fell out of my chair laughing! Seriously dude/dudette?

Translation? Try 2004 and 2005, or as likely as not "in escrow" on the second buy! I've moved to ban but I can only talk until I'm blue in the face.

87   DinOR   2006 Nov 6, 12:12am  

What's so sad about our local market (Silverton, OR) being hailed as the "Carmel of Oregon" is that I don't care if you're looking for a mid-60's single wide you'll find the most expensive one in the state here!

Fixers in particular (and not just here by any means) should be viewed with a healthy amount of skepticism. In a seller' market (yes I still consider this a SM) there is all the room in the world for owners of grossly neglected properties to price up to just a bit below what a "turn-key" home would sell for and yet somehow position the whole debacle as a "bargain"!

Without so much as the aid of a clipboard or calculator seasoned homeowners that have done rennovation quickly conclude that by the time you've sunk another 25-50-100K+ into this money pit what you'll have is a home that is every bit if not MORE expensive than one bought new. Only in this case there will be 2 years out of your life that you're not going to get back. I can't wait to stay away from it.

88   sylvie9   2006 Nov 6, 12:32am  

Hey gang don't forget to cast your ballots tomorrow. Just sent my absentee express overnight. We need to let congress know that can no longer take thier seats for granted.. If enough of us do this maybe we'll see some positive changes.

89   speedingpullet   2006 Nov 6, 12:43am  

Different Sean Says:

let’s see what happens in the polls tomorrow. altho i’m worried that somehow the repugs will be returned with an even higher majority through some strange artifact…

Be afraid, be very afraid.
Don't know if its reached your side of the Pond (if it ever will), but HBOs documentary "Hacking Democracy" shows up what a total cluster*uck the last election was, due to Diebold's patented vote counting machines....

http://tinyurl.com/sauln

90   Allah   2006 Nov 6, 1:04am  

When most realtwhores have added no significant value to transactions in the last few years, they cannot really differentiate their services on a value-added basis.

....but this listing is special, John

91   DinOR   2006 Nov 6, 1:18am  

"they choose to gang up as a cartel"

Besides, why is it so important to the average American to be buying and selling with such velocity? The natural progression for most couples would have been fixer/starter (ages 25-35) intermediate home (ages 30-45) "dream house" (ages 40-55) downsize home ages (50-55+).

Th panic that you see among realtors is that they have "pulled all their sales forward"! Sure, I could make a ton of money this month by going to each and every client and absolutely "tapping them out" but (A) that may well be not what is in "their" best interest and (B) what will I do next month?

Their problem is that they've totally compressed the chronology of a LIFETIME of housing needs all into the span of about 5 or 6 years! Everybody that could afford a starter (and legions that couldn't) have already been put into a starter! Those that could afford (or not) a move up home or second or vacation home have all already been way over extended. It's not that there isn't more money to loan, it's that believe-ability of anything resembling a manageable debt load has been exceeded. And that's what is so frustrating to them.

92   DinOR   2006 Nov 6, 1:22am  

Oh, btw it seems to me that while most couples have come to appreciate the modern conveniences and prestige of their "dream" home they often recall their first home the most fondly! Weird huh?

93   Randy H   2006 Nov 6, 1:49am  

they often recall their first home the most fondly! Weird huh?

We recall our first home very fondly. I could go on and on about every little detail, but it really has nothing to do with the house itself. It has to do with nostalgia about a time when we were younger, and as youth tends to go, more optimistic. I can also fondly wax about my high-school car even though it was a 1978 Ford Granada, one of the worst vehicles ever produced.

94   DinOR   2006 Nov 6, 1:58am  

gr8vino,

There are several guys that work the "Rose City" airwaves and while I can't think of the firms offhand the one guy does such a great job spinning the latest economic numbers he should have written "stock pitch scripts" for the boiler room I started out at years ago!

No matter what the data that comes out IT'S ALWAYS a great time to re-fi! Is that Spartan Mortgage or some other guys? Usually when you're listening to 750 KXL or 1190 KEX.

95   DinOR   2006 Nov 6, 2:12am  

Randy H,

Our oldest daughter's first boyfriend had a 1978 Granada and when he "totaled it out" let's just say I'm not sure it was completely accidental?

Yeah, I'm not sure why our first home warrants such a revered status in our memories? Maybe it's b/c of the low taxes and dirt cheap payments (by today's standards) or that so many "firsts" took place there?

On Sunday the Mrs. and I weren't sure where we wanted to eat but one thing we were sure of; neither of us wanted to cook. We wound up at the Olive Garden and the entire UCLA Womens Soccer Team came in! I guess they had just beaten our OSU Beavers 3 to 1 and were "monster" hungry. I just wanted to say that they were really gracious about winning, respectful of their coach and team captain and were a real joy to be stuck in line with! Great kids! (See, not everyone from SoCal is RUDE!)

96   DinOR   2006 Nov 6, 2:23am  

"Realtors have canabalized themselves"

Exactly! AND (not to beat this to death......too late) their "new best friend" our ridiculously generous tax code while meaning greater appreciation and sales volumes up front also ran it's course in an ugly fashion. The REIC loves to focus on int. rates but this thing would have run out of gas with or without higher rates of any kind!

The Tampa article you linked earlier should provide clear proof of how addicted to this cycle we've become! (If we can't have "genuine" appreciation, we'll just pencil ourselves in for some!). The one buyer wanting an obscene amount of cash sent to some clandestine "overseas" construction "company"? Oh please.

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