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Redfin agents telling me NOT to buy yet


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2011 May 12, 2:36am   23,420 views  52 comments

by Tude   ➕follow (0)   💰tip   ignore  

Well all these threads about how things are going up and how hot the market is...I have taken two tours with Redfin agents in the past couple weeks, one in the Pleasant Hill/Walnut Creek area, and one in the Hercules/Pinole/El Sob area. When I was disgusted by the condition and prices, both agents told me that they would not buy now. Word on the street is the market IS rigged, the banks are playing games, and Bank of America is getting ready to start listing their tens of thousands of foreclosures from BAC/Countrywide after a nearly 1.5 year moratorium.

The agents have seen what is in the pipeline and it's a Hoover Dam that is about to break.

#housing

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48   Matt Goyer Redfin   2011 Jul 25, 1:59pm  

FOHO says

Come-on people, Redfin makes money from selling houses (and your browsing history). They are not the federal government. They can't print money to pay their "field agents." At the end of the day, they have to compete with other "realtors" and try to sell YOU a house.

Matt from Redfin here. Redfin does not sell your browsing history. Redfin only makes money when you buy or sell a home with our agents or partner agents.

49   AW   2011 Jul 25, 4:36pm  

Its not about price...it's not about interest rate...it's about affordabilty...no other time in history have we had low prices and low interest rates. Stop trying to time the market..no one can. The one thing you can count on is inflation so you'd better own something other than cash.

Read my blog here: http://www.reoavenue.com/crystal-ball/

50   Robber Baron Elite Scum   2011 Jul 25, 10:16pm  

AW says

no other time in history have we had low prices and low interest rates.

When interest rates are low the marked is rigged to be inflated above it's real market value. You can not have low prices with low interest rates.

Learn about things before you give advice on them and stop spamming.

PS. If you're not incompetent - you are probably a shill.

51   corntrollio   2011 Jul 26, 2:29am  

MCMSinger says

you are probably a shill.

Yeah, it's a shill directing us to his/her site. The comment is mostly nonsensical.

52   bubblesitter   2011 Jul 26, 2:57am  

AW says

Its not about price...it's not about interest rate...it's about affordabilty...no other time in history have we had low prices and low interest rates. Stop trying to time the market..no one can. The one thing you can count on is inflation so you'd better own something other than cash.

Read my blog here: http://www.reoavenue.com/crystal-ball/

Nice first post. LOL.

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