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Favorite Realt-whore Cliches


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2006 Mar 4, 10:08am   22,343 views  108 comments

by HARM   ➕follow (0)   💰tip   ignore  

It’s not a house it’s a home.
Buy now or you’ll be priced out forever.
Renting is just throwing your money away.
You have to live somewhere.
They’re not making any more of it.
Real estate never goes down.
You’re just kidding yourself if you’re waiting for prices to fall.
Never a better time to buy!
I think you have a deep-seated fear of commitment.
Never try to time the market (when it’s falling).
It’s different this time.
_(insert location)_ is so desirable, people will want to live here no matter how expensive it gets.
Boomers/immigrants/rich people will keep prices permanently high.
Prices have achieved a permanently high plateau/new paradigm/soft landing.
_(insert location)_ is land-locked.
If you’re waiting for the perfect time to buy, you’ll be waiting forever.
You can’t lose in real estate –it’s a no-brainer.
Real estate’s seasonal; after _(insert holiday)_ things will return to normal.
The last housing drop was caused by _(insert unique, non-repeatable event: 9-11, collapse of Soviet Union, earthquake, hurricane, etc.)_; it’ll NEVER happen again.
STOP LOW-BALLING! STOP!! I REALLY MEAN IT!!!

Realt-whore quotes I’d like to see:

Past performance is no guarantee of future results.
Why, yes, I do drive looking through my rear-view mirror. Why do you ask?
Prices are not falling; they’re just appreciating in a different direction.
It’s perfectly normal for inventory to quintuple this time of year.
Pay no attention to that man behind the curtain.
These are not the droids you’re looking for, move along.
Didn’t I tell you NOT to low-ball?! STOP IT ALREADY!!!

Have any favorites of your own? Discuss, enjoy...
HARM

#housing

« First        Comments 86 - 108 of 108        Search these comments

86   DinOR   2006 Mar 7, 12:24am  

ajh,

The article linked stated that our own FED was looking at bubbles in the UK and AUS mkts. as in "barometer" of what we might anticipate here in the U.S. The ONLY point that I was trying to make was that other than being english speaking countries there is little of value that the FED should expect to glean from looking at your data. Australia is so unique in so many ways that it seemed to me that they were just grasping at straws for some kind of "long shot" at a soft landing. Btw, saying that there was "only" a 15% decline in median price doesn't qualify as a crash (unless of course you put 10% down).

87   DinOR   2006 Mar 7, 1:04am  

SFWoman,

I pulled the "15%" out of thin air, from what I've read (particularly in Sacremento) 15% price reductions are now low hanging fruit. For a recent buyer (suddenly turned seller) he/she probably doesn't have 3 or 4 months of cash reserves let alone 3 or 4 years to allow inflation to "bail them out". B/c this situation is becoming more acute by the day I would say my reference above is "actual prices". We're moving into real time here.

88   DinOR   2006 Mar 7, 1:51am  

Davis_Renter,

Interesting post! Bomb proof? Centex has "extended" the 12 Hour Sale for the entire month of March? Would that make it a 744 Hour Sale? Gas baby, stone gas!

89   DinOR   2006 Mar 7, 1:54am  

Like I say, we're moving into "real time". Houses can't be traded like stocks? Then why am I getting Level ll Streaming Quotes?

90   DinOR   2006 Mar 7, 1:55am  

SQT,

Do you have to do some kind of subscription to have access to that data?

91   OO   2006 Mar 7, 2:22am  

If you look under Preforeclosure, the defendent's name will show up. I have already found one acquaintance in a posh zip code who is known for his lavish lifestyle. I thought he cashed out big time before the dotcom bomb, but I guess his core competency must be spending.

SFWoman,

I am not sure if it is essential for the trophy wives to get on the deeds, we are in CA, if couples split, the wives get to go half with their hubby for any wealth accumulated after the marriage, right? Plus, most trophy wives need to sign a pre-nup anyway.

92   DinOR   2006 Mar 7, 2:44am  

SQT,

Thanks. Isn't it incredible how we're reduced to "cobbling" together data from multiple sources in order to create a more complete picture of a property or a neighborhood? I understand protecting peoples privacy but I'm willing to bet that the people that complain the loudest about Zilliow for instance are the ones most delusional about their home's FMV.

93   Randy H   2006 Mar 7, 2:48am  

I just looked on foreclosure.com and there are 201 homes in foreclosure/preforclosure in my zip code. And it’s just beginning.

Am I reading this right? 148 foreclosures underway in Mill Valley? Prime Marin indeed. Maybe all those $3M Strawberry McMansions are going to crash after all.

94   OO   2006 Mar 7, 3:03am  

Randy,

these preforeclosure numbers include all those that were filed dating back to 2004 (perhaps it took a while to go back and forth on making the payments), so the real *prime* for foreclosure is yet to come. The date of filing is coded but you can easily decipher which number refers to what. The 2006 preforeclosures are only a few in each zip code. From my limited knowledge acquired from the web search, preforeclosures typically end up in FSBO first so that the owners can attempt to recoup as much as they can. When you see a listing these days with bold lettered "owner must sell", it probably means a preforeclosure FSBO.

See how things can only get worse? 2004 and 2005 were the GOOD years, and still some people had to give up their homes. I can't fathom what a mediocre year will be like.

95   DinOR   2006 Mar 7, 3:18am  

SQT,

Part of the reason, a GOOD part of the reason I am so anti-bubble is that I definitely feel we had alot of neighbors "coat tailing" on our improvements. The upgrades/improvements we had done over a 10 year period involved a hell of lot more than putting up some flaky gazeebo project or koi pond eye candy. It seemed like all my neighbors were having the time of their lives, ATV's, 5th wheel campers etc. Most only did the absolute essentials and then only grudgingly, like when when you see someone painting on the last dry weekend in Oregon. Yet they will be beneficiaries all the same b/c now you have set the bar high and neighbors can play off of the potential of your success. I wanna see 'em tank!

96   DinOR   2006 Mar 7, 3:31am  

Davis_renter,

I hear ya! Somehow saying liberal and collegetown seems redundant. Not..... that there's anything wrong with that! What I DO resent is the whole "captive population" scenario. We have that in Corvallis and Eugene right along with the outright persecution of college students. People, it's college, they're college kids, they're SUPPOSED to have fun!

97   Peter P   2006 Mar 7, 4:01am  

New thread: Yield curve

98   Peter P   2006 Mar 7, 5:02am  

I hear ya! Somehow saying liberal and collegetown seems redundant.

Yes, but some more more liberal than others. I bet UCSD is probably more conservative than UCB. :)

99   surfer-x   2006 Mar 7, 5:40am  

We have that in Corvallis and Eugene right along with the outright persecution of college students. People, it’s college, they’re college kids, they’re SUPPOSED to have fun!

In SLO Mr. Right and his band of facist monkeys shoot Poly students on sight. How dare those students even presume to have any fun, come on now, the boomers already took care of the drinking/drugs/sex games, get back to your hole and study.

100   surfer-x   2006 Mar 7, 5:45am  

either you were on the corporate when you visited Japan or you have a deep pocket, I cannot afford to eat 6 meals in Tokyo if I am to foot the bill. Each meal costs at least 20 bucks, 6 meals a day will get me on the foreclosure.com in no time.

Either that or you haven't been to Tokyo lately, I went last year, went out to dinner with friends in Shimokitazawa, there were 6 of us total, food until full and sake until drunk, total price around 100 US. It is more expensive in SF than Tokyo, think 10+ years of deflation while we've had 10+ years of inflation. Sat in a whiskey bar in Ikebukuro and drank till piss drunk, really good stuff, had 6 kinds of makers mark, total price after 7hrs of drinking? 120 bucks, go to a bar in SF and drink for 7hrs, better have your HELOC credit card on you, "I'll put this round on the house".

101   Peter P   2006 Mar 7, 7:37am  

Actually, in Japan, if you stay away from crazy stuff (like O-toro, grade 12 Kobe beef, tiger fugu, etc) food is not expensive at all. Even abalone is affordable in Japan.

102   Peter P   2006 Mar 9, 4:05am  

Roid is prime!

103   LILLL   2006 Mar 9, 10:54am  

If you'll notice, the zillow zestimate hasn't been updated since Jan.28. (At least on my rented dwelling) So, the fact that it says the property has risen in price $7,000 in one week is old news. I want to see the current situation. Zillow has had the same facts on it for weeks now. Not only is their info not always correct...it's dated.

104   LILLL   2006 Mar 9, 10:55am  

Zillow Zucks

105   ArtimusMaxtor   2012 Jun 18, 11:14pm  

APOCALYPSEFUCK is Shostakovich says

No one wants to hear a Reatltor® say anything.
A self-inflicted fatal gunshot after a full confession would be enjoyable, however.

I concur. There is nothing more lowdown than a Realtor scheming to get your down payment and get a contract signed. Of course you need financing to. Women are man traps to begin with. A Realtor puts on a sensual dress. Give you glimpses of her cleavage and pops you a beaver. Little do you realize your on your way to being in debt to some guy for the rest of your days. All because you went to a house showing.

106   ArtimusMaxtor   2012 Jun 18, 11:29pm  

APOCALYPSEFUCK is Shostakovich says

Of course.
But everyone knows that if you're in a room with a Realtor®, you're being inducted into a fraud.

Realtor is sad beaver. lol

107   FortWayne   2012 Jun 19, 1:01am  

LILLL says

I predict the Fed will try to make a soft landing by raising interest rates once or twice more and then lowering them a bit...just to confuse us and get the buyers buying again.

I don't want people to get hurt by a crash...but then again...if prices stay this high, I'm also priced out of the market...as will be my kids and most of my friends and their kids.

I think you are right on track there. Fed had a deflationary wind allowing them to keep the low rates to foster liquidity. But every student of the market knows that rates have to go up eventually.

Cash and stocks feel really good right now.

108   FortWayne   2012 Jun 19, 1:05am  

"It is not a purchase, it's an investment."
"This is a great location to raise a family."

I think their entire profession revolves around appealing to emotions of the buyers wife, oldest sales tactic in the book.

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