0
0

Do Good Realtor's(tm) Exist?


 invite response                
2005 Nov 27, 8:53am   29,332 views  123 comments

by SQT15   ➕follow (0)   💰tip   ignore  

There have been no shortage of would be realtor's who have entered the housing market in recent years. We've all heard the rallying cry of "Now is the time to buy." And of course everyone's favorite, "Real Estate never goes down."

But is this the talk of a "real" RE agent, or have they become sterotyped into the used car salesman mold because of the housing mania. Did we always look at RE agents as untrustworthy or is this a new phenomenon?

What do you think will happen as the market cools and jobs dissappear? Will the ethical RE agents be the one's left standing?

#housing

« First        Comments 109 - 123 of 123        Search these comments

109   HARM   2005 Nov 30, 3:53pm  

I hate to breakup this love-fest between Zephyr, Mr. Up, ScottC & Bull$hitter, but Robert Shiller and Dean Baker have NOT been predicting a real estate market crash for the last 8-9 years.

Shiller's revised edition of Irrational Exuberance just came out this February, while Dean Baker, while admittedly sounding the alarm early (Aug 2002 is the earliest published work of his I could find of his on the subject --see cepr.net/pages/housing_bubble.htm), is not incorrect in calling a bubble a bubble. I'm not familiar with Rosenberg, so can't comment on him.

I don't agree that warning a young family against committing financial suicide by NAAVLP(tm) right now is "zero useful, actionable information". However, I do agree with being right vs. sounding right and having a plan, regardless of where the market goes.

Cheerio...

110   Zephyr   2005 Nov 30, 3:55pm  

Frank, Even with great respect for economists I like this quote:

"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today." -- Dr. Laurence J. Peter, Author of The Peter Principle

111   Zephyr   2005 Nov 30, 4:00pm  

HARM, Yes. Baker was about three years too early.

112   HARM   2005 Nov 30, 4:01pm  

Also worth considering --Mr. Up's very cool graph includes all the recent RE price gains to the peak of the current bubble. As a result, the gap between stocks vs. RE will no doubt grow even larger in years to come.

113   Zephyr   2005 Nov 30, 4:03pm  

Mr.Up, Yes. Total return without the use of debt. Stocks beat real estate by an average of one percent per year. These are based national averages.

114   HARM   2005 Nov 30, 4:04pm  

Zephyr,

Nice quote --maybe I should add that one to the Quotes thread.
I don't live and die by the words of any economist, either --not even my hero, Shiller. ;-)

115   Zephyr   2005 Nov 30, 4:06pm  

HARM, It pays to read the thought of many economists.

116   Zephyr   2005 Nov 30, 4:07pm  

Ultimately we will all be wrong in our predictions. The trick is to be wrong by as little as possible.

117   HARM   2005 Nov 30, 5:05pm  

One of my personal favorites

In all recorded history there has not been one economist who has had to worry about where the next meal would come from.
--Peter Drucker

118   Allah   2005 Dec 1, 12:20am  

Ultimately we will all be wrong in our predictions. The trick is to be wrong by as little as possible.

The trick is to not be wrong on the one investment that could ruin the rest of your natural life!

119   Allah   2005 Dec 1, 12:31am  

Out here in Calif., your game wouldn’t work. People are too smart and too educated.

Actually there are fools everywhere in this country as evidenced by the insane use of IO/NA loans. These people are dumb for using them, and while heading to foreclosure, they are even dumber to allow themselves to get screwed again.

120   santacruzwatcher   2005 Dec 1, 1:29am  

oh great, so we are suppossed to admire two men that bordeline cheat the system? and we should admire that more of our wilderness is being eaten up by encroaching civilization, endangering the survival of many magnificant species, so more people feel enspired to move out and try to bring all the trappings of the modern world with them destroying precious habitats, building huge houses that sit vacant most of the time?

121   Allah   2005 Dec 1, 6:09am  

First time I saw Fannies stock go to high risk alert.

122   praetorian   2005 Dec 1, 4:20pm  

"I’ve been “lucky” enough to build successful businesses in three different and completely unrelated industries"

_smile_

To quote one of my favorite philosophers: "Well, let's not start sucking each other's d***s just yet."

I'm just a simple cave man, listening to "All Jacked Up". Your complex schemes confuse and scare me. On the upside, I've got a bottle of Scapa. So let it not be said that God is just.

Cheerio,
prat

123   servanti   2005 Dec 5, 8:01am  

I have been lurking on this blog for some time, which is very intresting,
and today saw this

http://www.craigslist.org/sby/rfs/113781652.html

figured people will get a kick out of it ;-)

« First        Comments 109 - 123 of 123        Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions   gaiste