‘Fess up fellow ziprealty gloaters

[kiki]

my two cents on all this discussion. Does not have any valuable RE related insight so skip it if you want.

i usually find that PS exagerates and take comments to personal but i think she is very smart and i learn a lot from her comments and research. I just take what i consider relevant and ignore the rest.

For example, in my opinion i do not know how someone with few years of experience could be mentor. I do not disagree that Bob may be smart but i usually look for more experience people for mentor. It does work for me but if it works for her (i am sure many others) great. I respect that.

On the other side, i respectfully disagree on the comment that Bob is wrong by selling his listing to 100%. Any agent that wants to sell a house will sell it to anyone wanting to buy. I am sure no agent will say to the potential buyer of his/her listing “hey, don’t take my house with this financing because you will be screwed in a few years”. If you work for a buyer you will make sure he/she know the risk on buying now but if you are on the sellers side, there is so much you can do. Also, working for Mktg VP on great companies does not make a person good or bad. In case of SDR I think he is a good realtor (based on this comments ) and his current success is what backs him up, not because he worked for smart people.

I am hispanic and i am not offended by SDR mentioning that people in this group are taking suicide loans. If you are showing a fact, then is a fact. I am sad that this is happening but it is what it is.

I love Jim the realtor take on the data. I think how some realtor report (median price) is what is wrong. He shows analysis on actual transaction (active/pendings, $/sqft, appreciation rate).

I would like to kindly suggest people who participate in the forums to post your points of view in a way that does not attack another member on the board or outside, for example “I personally like XYZ because A, b and c..” as opposed to “you are wrong and i am right and this is why”. For some realtor web works, for other don’t. For some working with buyers only work for other don’t. For some buyers internet is all they will use, for others (like PD’s mother) don’t. every person is different. Share your views but respect other opinion’s as well.

my two cents.

Changing the subject. I may open a new thread for this. I really want to buy something (I hate living in a apartment and want to save as much possible

[docteur]

Priceless two cents. Thanks.

[sdrealtor]

Docteur
What I mean is thus. Unlike me, most of my peers prefer the safety of working in the here and now. they say you cant predict whats coming so dont try to. I spend a lot of time trying to figure out what is coming 6 months down the line. So far, essentially all of my hypotheses have come to fruition in the time period I predicted. I predicted the spike in prices in October 2003 that happened in Feb 2004. Staying ahead of the market has made me alot of money personally on investment properties and has benefited my clients. I cant think of one client that is up side in their property including those that have bought since mid/late 2004. I cant say the same for the buyers of properties I have listed though.

[sdrealtor]

PS,
I said Anderson’s forecast was wrong in the early 90’s a couple months ago and that I expected it would be wrong this year. I suspected you would leave the conference disappointed and having felt like you wasted time and money.

I take umbrage at you promoting anyone on this site as an expert realtor when you have shown over and over again that you do not understand the business side of real estate sales. You promote people you know nothing about. I have seen nothing to document your latest realtor friend’s success. I have said his internet approach wont work and that I have seen no proof it has. This business is all about personal relationships. I have seen no proof he gets lowest prices for his clietns but if you would like, I will analyze his 2 sales and let you know if they got good deals. BTW, writing 4 offers is unethical in the practice of real estate. You shouldnt write a legal contract unless you intend to fulfill it. He is writing frivilous offers and playing with people time, minds and emotions. I dont do this.

As for you other threads, I cdont follow them. This is a real estate blog not an investing blog and following RE the way I do takes up all my time. I have professional investmetn advisors that I trust and relie upon too handle that.

My problem with you has been stated on this blog before. You are an extremist. I dont like extremists and believe they cause most of the problems in this world. No, I dont blame you personally for the worlds problems, just your mindset. I am your devils advocate and try to provide balance to your extreme views.

[sdrealtor]

KiKi
Great post and I hope to hear more from you. We learn by hearing different perspectives.

[kiki]

sorry, my last posting did not post complete. I put my question on another thread. Looking forward to hear your points of view.

[powayseller]

No reply to thread skimmers…

[carlislematthew]

My problem with you has been stated on this blog before. You are an extremist.

Sdrealtor, I agree with your posts, and will add myself to the list of lurkers silently agreeing with your reasonable posts. You’ve certainly been guilty of biting here and there, but who hasn’t? We’re only human after all…

I personally am in the same camp as many on this forum. I believe that prices will (and are) correcting to some extent. To what extent, I don’t know. I’m following this closely from the sidelines so that I can buy when I feel the right time has come, even though I know this could take years.

Powayseller’s comments are so definite, so confident, and quite frankly so *frequent*, that it sometimes seems a little excessive. Comments like “SD real estate will go down 50%”. “Will” they? I find the posts based on good research and often tempered with “can’t be sure” and comments like that. But they start so strong. “Will” and “will not”, as opposed to “may” and “perhaps not”. It’s hard to take that kind of extremism so seriously and the strong desire to make EVERYONE believe those statements reminds me distantly of religous fanaticism. After all, it’s much easier to believe something if everyone else around you believes it too.

I also want to believe that the real estate market in SD will go down significantly. I couldn’t imagine anything better than a 50% decrease in real estate, but at the same time I’m not sure I’ll still a job when that occurs, and I’m wondering who will lend me money at what interest rate! Beware of what you wish for…

On the topic of real estate agents. It’s certainly the case that if you don’t have a real estate agent for a friend, then you probably don’t have many friends! There are good ones and there are bad ones. I would guess (because I don’t know for sure, so I don’t say “I KNOW”) that there are a lot of RE agents that started in recent years, are chasing a quick buck, and will probably go back to their old job in the coming years. But there are also many good agents out there. I had the pleasure of working with one in my old town of Seattle.

All this crap I’ve seen about “You MUST have a website to be an agent” and “80% of whatevers are found on the internet”. So what? Yes, people research a lot on the internet. If 80% research on the Internet then 20% don’t! (yes, I can say that for a fact!) So why should 100% of agents have pretty little websites? That would neglect 20% of buyers, who prefer references, phone calls, or whatever they did in the “dark ages” of real estate. 20% of buyers is a substantial market. Besides, putting your house in the MLS is just one step to market a home. There are a ton of others, which I don’t want to comment definitively on because I’m not a real estate professional and will defer to those that are experienced in this area (what a concept).

[sdrealtor]

One more thought. Researching things on the Internet is not the same as buying them. The fact that 80% of home buyers research homes on the Net means exactly that. I research virtually everything I buy on the Internet but when its time to buy I usually opt for face to face interaction at a retail location or book my flights over the phone directly with the airline or go to barnes and noble etc. The one notable exception would be eBay!

[docteur]

Thank you. I happen to be one of your silent peers who does not make predictions and does prefer the safety of working in the here and now.

I have held a brokers license (albeit I have worked in commercial real estate, not home sales per se) for 30 years and learned early on that acting on my (or others) prognostications was folly and oftentimes cost me money.

So now, I simply do my best to identify trends and then “ride the horse in the direction that it’s going.” That particular philosophy has earned me millions over the last two decades and continues to serve me well in this particular market (in the residential as well as commercial arenas).

However, you have such confidence in your ability to fortell the future for your clients, I would like to know what your prediction is for the status of the San Diego residential real estate market six months from now and more importantly, what action (or non-action) you intend to take based on your current prognostications.

[sdrealtor]

I’ll get to this when I have a little time. I dont pretend to know what will happen a year from now or longer. However, by following the trends as you do it is possible to stay several months ahead of the market. You seem to do what I do.

[powayseller]

I am anxiously awaiting your forecast for SD housing, sdr.

By the way, I have fun with my topics. I come on strong, but usually end with “Did I miss anything”? I’m always looking for a good debate.

If you think that writing 4 contracts with 24 hour windows, and submitting one at a time (thread skimmers missed that they are submitted ONE at a time until expiration) is a bad idea, say so. Why is it a bad idea?

If someone who worked in 3 continents and turned around businesses doesn’t qualify as a mentor, who does? What credentials should a mentor have kiki?

I’m extremist? What about David Lereah? When Lereah said last year that real estate never goes down, wasn’t he extremist?

As far as snooping into another realtor’s sales, that priviledge belongs to anyone using his real name. Hiding behind a pseudonym while exposing others is called being a coward.

One more thing: does anyone have any advice on how to shake off an obsessed realtor in a chat room?

Schahrzad Berkland

[Carlsbadliving]

Here’s a good one. Nothing like lowering your price once a week:

Price Reduced: 05/19/06 — $1,250,000 to $1,195,000
Price Reduced: 05/23/06 — $1,195,000 to $1,150,000
Price Reduced: 05/31/06 — $1,150,000 to $1,050,000
Price Reduced: 06/07/06 — $1,050,000 to $999,000

This is in Carlsbad 92009

[powayseller]

Carlsbadliving – These are great finds. Kudos to you!

[bmarum]

Ditto to carlislematthew’s post.

[Author]

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