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Monopoly MLS Post-Mortem: What Comes Next?
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2006 Feb 7, 8:55am 17,140 views 150 comments
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iceman Says:
"I say lay off the boomers. You will be that age someday too if you are lucky. Show some respect for your elders. You might learn something from them."
You've got to be fvcking kidding.
Oh my god. I can't believe I'm reading this shit.
The entire Boomer career was made off supposedly giving the finger to the establishment. Socially, economically, politically...in other words EVERTYTHING...about where we are at today is the product of the Boomer excesses.
This is THE hippy ass generation that tuned in, turned on and dopped out.
Theny they became the 70s "Me" generation. Then they morphed into yuppies.
They showed no respect to those that came before them.
When it's all over, we are going to have to practically have start over
from year zero from what they've bequeathed us.
Gen. X/Y are pretty much screwed. It will be up to Gen. Z to recapture th American Dream.
The worst part of the Boomer psychosis is the denial. The denial of their responsibility is their hallmark of the authentic Boomer.
At least most Gen. X'ers admit it when they've done wrong: "Sure, OK I did it. So sue me. I don't have shit!"
But look who their role models were.
It's the friggen' hypocrisy of the Boomers that kills me. The friggen' arrogance!
Hey come on, how about all the cool stuff boomers created during their productive years.
Give credit where credit is due. How about all the social programs initiated. Did you use any financial aid when you went to college? Some group of boomers made that available. That's right kids. The boomers created all the cool stuff that you enjoy everyday and how do you thank them.............with venomous rants. Sure they smoked pot. They smoked pot and kept good jobs. And yes they had sex. And it was good too. It was a sexual free for all, jism shmigma everywhere. In the morning they hauled there ass off to Lockheed or some other corporate gig. So I say lay off the boomers. Give em a nod when you pass them. Tell em thanks for the cool stuff as you give them a wide berth on their sidewalk.
Now let's get back on topic here and put this to rest.
Give credit where credit is due. How about all the social programs initiated. Did you use any financial aid when you went to college? Some group of boomers made that available. That’s right kids.
Boy, this argument just refuses to die. Well, let's take a look at some of those great college social programs supposedly started by Boomers:
1944 GI Bill (Servicemen's Readjustment Act) created by WWII generation for returning vets.
1965 Pell Grant (as the Educational Opportunity Grant Program) started by WWII generation TO BENEFIT Boomers. Pretty good program actually, but --oops--- that program got slashed to the bone right when my generation reached college age --bummer.
1965 Guaranteed Student Loan (GSL) Program, precursor to Stafford Loan Program started by WWII generation TO BENEFIT Boomers. Good news: this one's still going strong. Bad news: it's a market-rate loan, not a grant.
SFWoman,
Ok, I get you now --you were REPLYING to ScottC, not agreeing with him. My bad.
If I remember correctly ScottC works for his mother’s company. It would explain a lot of his success, as well as the ability to keep a job despite an incredible attitude. Plus, the weath he refers to is probably his mother’s.
This could segue nicely into *yet another* anti-Boomer rant, but in the interest of blog harmony, I won't go there (today). :mrgreen:
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Many here have argued that the 6% Realt-Whore commission is doomed, like travel agency commissions of yore. The NAR is already under investigation by the Feds for anti-competitive practices, such as restricting access to the many regional MLSs, refusing to work with reduced-commission and/or flat-fee brokers (Help-U-Sell, ZipRealty, etc.). A bursting bubble will no doubt help grease the road to MLS reform and reform-minded legislation, as the myth of RE's invincibility begins to fade. As dreams of early-retirement-through-flipping evaporates, public sentiment will no doubt begin to turn against the NAR.
If we assume that the MLS monopoly will be broken at some point in favor of a free (or inexpensive) internet-based open MLS, what will the new status quo look like? Will we see dramatically lowered commissions (1-2%) as in Europe, or a transition to a fee-for service based structure? Which type of payment structure would you prefer to see and why?
Do you see any chance of political/structural reform on other critical fronts, such as:
--Insulating appraisers from "hit-the-mark-or-you-don't-work" lenders?
--Requiring mortgage lenders (originators) to actually book/assume the risk for some of the toxic loans they dump on investors as MBSs and CMOs?
--Imposing some minimum uniform borrowing standards, such as minimum 20% down, full documentation and proof of legal residence?
Discuss, enjoy...
HARM
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