patrick.net

I was listening to a podcast that Smaulgld posted last night. The speaker on real estate 360 made the reasonable point that rates to spike up a little when the fed talks about a taper, but lately, they drift back down again over a few weeks. Maybe not back to where they started?

How many Mulligans is this now?

jojo says

Yes, the increased variability (volatility) of weather systems is a strong indication of Climate Change. Global weather patterns are a chaotic system in a steady state.

Woah! Liberals don't get to own the changing of the seasons or the extremes that they go. The inconvenient truth was, we were headed for a Global warming catastrophe. The Winters were getting warmer.

What happens when we get back to mild season patterns?

Liberals will hijack reality to make another nonsensical manufactured point.
Netflix will be full of Liberal climate themed Mild weather disaster flicks. With out fear, Liberals are worthless.

thomaswong.1986 says

you can add these nations into the global economic trade or watch

them on TV as their people are starving and die.... simple ban all trade with

these nations and disallow products and services... see what happens !

Your Choice !

That's a false choice, there are more options that are being simply ignored because they cost more, but are better for the working class.

jojo says

There is lots of information provided in this thread.

I have provide information as well.

...Enjoy!

Why not? What do they do really? I can look up homes online, and I can pay a small fee to have a lawyer or paralegal write my contract. What good are they? The only reason real estate agents survive is an extremely strong union; The National Association of Realtors.

I have to tell you, no one is doing it right. There is redfin which makes it a bit easier, but there isn't a real big player out there who makes this an easy simple process for a seller and a buyer to do FSBO.

If Patrick, or someone else, could come into this industry and change that they'll retire in riches, he'll I'd even invest money into that idea.

I agree we can buy and sell pretty much everything else ourselves without an agent. I used to laugh when people in the bay area would pay the realtor comission when you could put a sign out front and still get the same 10 offers on your own.

Call it Crazy says

It's just like why a third party hasn't been able to take hold in this
country... The "sheep" are too pre-programmed to think there is ONLY two
teams... The Red team and Blue team (which are really the same in the
end)....

Jesse Ventura says some crazy things, but also some things that are spot on. The Red Team and the Blue Team fight to not allow a 3rd party to join the race, such as the nationally televised debates.

6% comission on a $750,000 sale = $45,000, are you kidding me for what?

Analyzer says

Call it Crazy says

It's just like why a third party hasn't been able to take hold in this

country... The "sheep" are too pre-programmed to think there is ONLY two

teams... The Red team and Blue team (which are really the same in the

end)....

Jesse Ventura says some crazy things, but also some things that are spot on. The Red Team and the Blue Team fight to not allow a 3rd party to join the race, such as the nationally televised debates.

6% comission on a $750,000 sale = $45,000, are you kidding me for what?

You literally get $45,000 worth of bullshit.

jojo says

It actually works to preserve the existing system and forces young people to subsidize old people

I'm all for that!

What is back of the envelope cost estimate (1st 10 years) for getting a $500,000 home loan:

3% closing costs = $15,000
0.68% property tax (x 10 yrs) = $34,000
$1500 home insurance (x 10 yrs) = $15,000
4% mortgage interest 1st 10 yrs = $107,000
$2500 maintenance (x 10 yrs) = $25,000

Total cost estimate for holding a $500,000 home loan (1st 10 yrs) = $200,000

Then if you want to sell you need to pay an additional $30,000 in comissions?

jojo says

It actually works to preserve the existing system and forces young people to subsidize old people. I guess logical reasoning does not appeal to everyone...

Old people already had Medicare. Obamacare isn't about old people, it's just putting everyone into the same system and forcing everyone to buy insurance, which is now even more expensive.

There is some good to it, especially if you have preexisting conditions. But it has not reduced prices like promised, it has so far increased prices. And you can no longer get "health insurance". You can get the "pre negotiated fees type of insurance". Very different.

APOCALYPSEFUCKisShostikovitch says

If you're not throwing REALTORS from bridges, you are part of the problem.

In fairness realtors can be performing a legitimate business, there is no law making it mandatory to use them for real estate transactions.

jojo says

FortWayne says

Obamacare isn't about old people,

It absolutely is about this. It forces people in their 20s to subsidize people who are 55-65 (before tjey go on medicare). It also forces younger people to pay up and subsidize the people with pre existing conditions.

But if you are on medicare why are you so opposed?

Because it changes how insurance works JoJo. You are forced into the system of pre negotiated fees, you are forced to buy a product while real insurance is forced out.

So far insurance costs have gone up, they've gone up for us as well. And if you notice how our government and corporations work, overtime these fees will skyrocket eventually when the next insurance commissioner will be elected by an health insurance industry.

Without a public option and ways to control costs, this whole idea is shit.

APOCALYPSEFUCKisShostikovitch says

If you're not throwing REALTORS from bridges, you are part of the problem.

Too many realtors, not enough bridges.

Call it Crazy says

Analyzer says

What is back of the envelope cost estimate (1st 10 years) for getting a $500,000 home loan:

3% closing costs = $15,000

0.68% property tax (x 10 yrs) = $34,000

$1500 home insurance (x 10 yrs) = $15,000

4% mortgage interest 1st 10 yrs = $107,000

$2500 maintenance (x 10 yrs) = $25,000

Total cost estimate for holding a $500,000 home loan (1st 10 yrs) = $200,000

Then if you want to sell you need to pay an additional $30,000 in comissions?

It's a wonderful country, isn't it!!!!

Don't forget to factor in the loss of opportunity on your down payment that could have been invested elsewhere....

Think about how these numbers change if applying to one of the million dollar shacks in the bay area...........

Yes, I do believe we should not engage in business with nations that advocate or allow slavery, abuse, or utilize children.

What's the worst that will happen? The price of non-necessities will go up? It will hurt some corporate empire's bottom line? Worried corporations will bring manufacturing to the States were we have stupid and unsound business laws against slavery?

Give me one good reason not to boycott them?

Call it Crazy says

Analyzer says

Think about how these numbers change if applying to one of the million dollar shacks in the bay area...........

That's the part that no one will dispute.... (and makes no sense)..

In reality, it takes about the same amount of time by a realtor to sell/close a $200K house as a $1 million house. For the most part, the paperwork and effort is the same...

So, why is the commission (6%) on the $200K house $12K while the commission on the $1 million house $60K???? Did the realtors on the $1 million house do 5 times the amount of work???

It's nonsense.

I would be very interested in a DIY sale if/when that time comes. My only issue is that I'd be paranoid that that realtors will try to sabotage you and either not show clients your property or dissuade them from making an offer. They still have the market share at this point to do it. Hopefully not for too much longer.

DIY Sellers - Make sure to put in the write up that there are cash incentives for NOT working with a realtor. Two can play at the sabotage game.

I'd still fear that buyer's agents, despite still getting commission, will avoid your property in order to defend realty as a profession. In this low inventory market (in the Bay Area at least), it might be less of a worry, though, as they are more desperate.

hrhjuliet says

DIY Sellers - Make sure to put in the write up that there are cash incentives for NOT working with a realtor. Two can play at the sabotage game.

Not a bad idea...

Everything I read about Carter only confirms my belief that his supposed bad presidency is a media spin you all fell for. His voting record is proof why they would undermine him and make him appear weak. What happened with Ron Paul in the last election was predictable for the same reason.

The media propaganda machine is sophisticated, and some of you who think you are immune just proved that you are not. Ron Paul and Jimmy Carter are both honest, brilliant, compassionate, and that is the reason they would never fit into the Empire holding our congress hostage. I don't always agree with Carter or Paul, but they have been the Constitutional Republic's biggest champions. So naturally, they are unsung heroes and the media powers that be will make sure the public looses interest in them. Their voting records are what counts, and there is no comparison between their records and the past few presidents.

I'm still waiting for a legitimate argument not based in opinions the media formed for you about Carter.

Have a good paralegal or lawyer ready to write your contract. My father works in intellectual property law and he still will write up a tighter contract than a real estate agent for about $300, unless there is a cloud on the title, in which you would need a lawyer anyway. The standard form is something any lawyer can purchase, and that is all the real estate agents use. $300 versuse 6% based on the purchase price, not a tough choice.

a href="http://patrick.net/?p=1240170&c=1068380#comment-1068380">thomaswong.1986 says

hrhjuliet says

BTW Mr. Wong, it doesn't make Nestlé justified because the country itself participates in unthinkable horrors.

na! its just easier to beat up on the white guy and call him

racists slaver and imperialist.

What does this have to do with white guys? Seriously, your argument is extremely poor in this thread. Nestlé has a diverse board, and are Swiss owned...am I missing something? This is not a Caucasian American male run company. There are plenty of honorable Caucasian male run corporations in the States, this is not one of them. What is your point?

rooemoore says

Climate change industry? Don't you think the oil industry is a wee bit more powerful?

And this is where the rightwing usually retorts, "them science eggheads get GRANT MONEY". They're the ones with vested interests---all of 'em!

I do believe the science guy that was paid for by the Oil and Gas lobby. Quite convincing!

I think this is going to be the new trend.

Hey JoJo

While Reid know's you're on the internet, he said you're a fucking idiot and too stupid to even have the wherewital to even haplessly land on the ACA website, even with the Obamagator army they sent out to recondition your Stupidity condition, that they assumed originally afflicted you.

Reid on need for ObamaCare extension: People 'not educated' about Internet

It just keeps getting worse for you young fucks my friend.
Time for some new Leadership Kid.

Homeboy says

Hmmm....still trying to understand this. My question was, if you turn off all the busses, would you cut power to the transponders, rendering them inoperative?

Who is wantonly turning off "all the busses"? This is what I don't understand. I wouldn't take anything that guy says at face value, period. The 45,000 feet to depressurize thing remains pointless, and there have already been reports that that 45,000 feet number might be wrong.

Homeboy says

I think I get what you're saying here, but isn't the recommended procedure to shut off ALL the busses, then restore them one by one?

I'm not sure where you're getting that. If you have an idea of where the fire is, it makes much more sense to start there, and I suspect that's what the checklists say.

Homeboy says

It doesn't read as a well-researched report, but rather as a pilot just spitballing ideas about what might have happened, which I think is what he was doing. Still, it makes more sense to me than some of the convoluted theories about terrorism or pilot suicide.

Agree. He makes enough factual errors to make it seem badly researched, but it always seemed more plausible than some of the other stuff.

If you read aviation forums now, you see strange theories about how someone his now dumping trash off the coast of Australia to throw off the investigators on the real landing spot in Pakistan. It's all nonsense.

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

Say hey! This was in the Wall Street Journal on March 30, 1999. Note "... how much it will buy."

Holy cow/interesting/compelling ...!

And where is it up to date??? Right here ... see the first chart shown in this thread.
Recent Dow day is Wednesday, March 26, 2014 __ Level is 103.6

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes! This was in the New York Times on August 27, 2006:

And up to date (by me) is here:
http://patrick.net/?p=1219038&c=999083#comment-999083

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

And http://patrick.net/?p=1230886

lostand confused says

unlike Hillary who would have been a lawyer in Arkansas without Bill

Last I checked, she went to Yale Law School, worked as a lawyer for a non-profit or two in Massachusetts, worked as legal counsel to the Judiciary Committee on Watergate, and only then moved to Arkansas to follow Bill.

And then she basically become one of the best lawyers in Arkansas and one of the most influential in the nation. I'm pretty sure she would have done reasonably well in Washington on her own, had she not moved to Arkansas to be with Bill.

Seems like you're selectively being sexist here, praising the trailer trash and forgetting that Hillary Clinton was pretty damn successful on her own accord, and none of it had to do with being a fame-whore saying nonsensical 10-word phrases for the drooling masses.

Yes, a seller can pay a flat fee to get into the MLS, and then use an attorney or title company to manage the contract and closing.

At best, this will lower the commission from 6% to 3-4%. The issue is not that sellers don't need realtors, rather that the overwhelming number of serious buyers believe the buyer needs an agent to walk them through what they consider a complicated and adversarial process.

If the seller does not put in the write-up "3% to Buyer's Agent" or similar wording, the seller will see little other than lookie-loos and the unqualified wishers walking through.

I have bought and sold 8 houses. I bought 2 without using a realtor (caught them before they listed, during the 1990s) but buyers like me are rare. I did manage to sell one without using a realtor in 1996, but three others I tried to sell in 2004 sat despite my all out efforts with newspaper ads, signs, housing referrals, and even offering 3% to agents who brought a buyer. Yet each of the 3 houses had a contract within hours after I finally listed them, even though I raised the price. Since 2004 was during the bubble, I was able to get an agent to list for 4%. Still, all she had to do was type in the details and wait, and collect her 1% while the buyer's agent did all the work and got the 3%.

Just too many serious buyers want to use real estate agents. Until that mentality changes, realtors are here to stay. Since the buyers want the realtor to be 'free," sellers will be paying the commission at closing. If the idea of flat fee MLS listing catches on, at least we can see the 6% drop to the 3% paid to the buyer's agent.

APOCALYPSEFUCKisShostikovitch says

hrhjuliet says

DIY Sellers - Make sure to put in the write up that there are cash incentives for NOT working with a realtor. Two can play at the sabotage game.

And bounties for throwing REALTORs from bridges?

I read "ditching realtors" as dumping them in culverts.

Perhaps you have a closer exegesis of the title, informed by your long praxis and analysis of the hermeneutics of realtor liquidation.

Why do the sellers have to use MLS. Hey technical patrick.net people, create a new listing service. Charge a small fee to list and make it mega user friendly. Lawyers and paralegals could advertise their services the way real estate agents do. @patrick should do it. We would all help, right?

Offer a buyer agent a 4% commission and your house will be at the top of the Realtor's list to show his "buyer."