La Jolla

[sdrealtor]

That’s not the problem. I checked out his site. Jim is apparently a hard, working, honest and ethical guy that has built his business over 15+ years. His blog is his place of business. He presents his views and responds to others questions. While he is fairly bearish, it is not a housing bear blog like this but rather a place for a sensible viewpoint on what’s happened, what is happening and what he believes might happen based upon his 15+ years experience. In my book that is pretty commendable.

Powayseller shows up in his place of business and tries to use it as a bully pulpit which is just plain rude and disrespectful. She present her opinions as fact and says insulting things in his place of business and follows them up with the same here. There is no defending that. How would you feel if someone walked into your place of business and launched a tirade? Jim’s response was courteous and fair. Get your own blog and say what you want there, but when you come into my house do not disrespect me. How would she feel when she finally gets her business going if some of her adversaries showed up and did the same? I would suspect she would not like it either.

[jimklinge]

Thanks sdrealtor, for taking the time.

Jim the Realtor

[powayseller]

I wish my post was still up, so it could be judged on its own merits. I consider Jim a friend, and my post an excellent analysis and follow-up of Kelly Bennett’s Option ARM piece. Any perception of ranting and raving and bullying is a curious interpretation. sdrealtor, did you read it, and what did you find offensive? My post was about the speech given by Jim Dugan, Comptroller of the Currency, on Option ARMs. Is he a bully too?

It’s very interesting that the people most upset about my Option ARM posts are the ones who have them. If your Option ARMs are so useful and great, then I should not be a threat. Just ignore me, or make a rebuttal.

[sdrealtor]

Clueless! Just as I expected. It’s not your message its the delivery. There is a time and a place for most things. Extemist opinions and yes they ar eopinions not facts, directed at someone’s place of business are not appropriate. Based upon all the people you have rubbed the wrong way, I suspect you will find out yourself if you ever actually get something going. Personally, I could care less as I know everything i need to about what you think. The horse isn’t beaten, it is dead and buried.

BTW, friends are people you go out to dinner with, they are people who help you out with your kids when you are in a jam, they are people that you genuinely care about and who hopefully care about you. The people you converse with on the Internet are not your friends. It’s delusional to think they are. And for the record, I do not have an Option Arm. 30 year fixed rate here.

[PerryChase]

I had not read Jim the Realtor’s blog before. But now, I have.

I agree that Jim’s blog is his “place of business” and sort of like his “why I’m qualified to serve you” brochure. Therefore it wasn’t appropriate for powayseller to blatantly contradict or refute his message there.

On Piggington, it’s totally appropriate for powayseller to express her opinion, however unpalatable to some.

[powayseller]

sdrealtor, what bothers you about my post? Note to self: do not provide controversial real estate analysis on a realtor blog.

I guess there are a few that I have rubbed the wrong way, but that does not make me wrong, nor does it make you wrong for disagreeing. I am only one housewife writing about the economy and housing, and look at the hoopla I stir up. I am at peace with my work.

I hope the reader can differentiate between fact and opinion, so it doesn’t need to be stated everytime. We are in unchartered territory, and the loan data that I so desperately want is secretive and not available to the public. I have to make more assumptions than I would like. However, for the sake of harmony, I will from now on clarify my opinions explicity, by stating “it is my opinion…”.

[FutureSDguy]

I have read some of the stuff on Jim’s blog. He’s quite a sharp agent with way more backing for his arguments (rather than the usual “San Diego has great weather” justification.)

He presents a scenario where the “superior homes” will fall no more than 5-10%. He bases this mainly on the fact that these houses are unique, i.e. scarce, when compared to tract homes. I’ll buy that. My own definition on superior and inferior has more to do with uniqueness of architecture than location (i.e. anti-cookie-cutter homes), and I’m seeing the prices go down here, all the while being hard to find comparables. In today’s hustle bustle society, location is more about the commute to work than being next to some historical landmarker.

The main weakness in this scenario is the fact that he’s talking about 5-10% off of prices that were driven up from below. Mediocre homes took over the 500’s. Decent homes took over 700’s. Beautiful homes 900’s. And then all the newly anointed “million dollar homes.” The so called superior homes didn’t get their prices on their own merits–it started from the bottom. What goes up must come down–I think it’s reasonable to expect that when the scaffolding goes down, so will the houses that rest upon it. I don’t see an immunity gap, which is what someone who makes in a living in RE would want to see.

What I love about this blog site is that it is active (who wants to wait 2 weeks for someone to follow up with their comments), and you get a good mix of viewpoints.

[sdrealtor]

What bothers me is that you went into his place of business and SCREAMED FIRE!

Having a problem with one of children’s teachers and privately speaking to them about it is very different from walking into the classroom and screaming at them in front of other students. Saying pornography is bad in an online blog is different than walking into standing in front of an Adult Book store and acosting people as they walk. Saying fast food is unhealthy among friends is different than walking into McDonalds and yelling at parents for poisoning their children.

Here is the BIG problem “I am only one housewife writing about the economy and housing, and look at the hoopla I stir up.” Have you ever worked in a professional environment. I doubt you have but if you have, did you regularly walk into people’s offices and yell at them for being incompetent. There is a small matter of mutual respect in work settings. Taunting each other anonomously online is very different than going into someone’s place of business and doing so. You really dont have a clue about appropriate business conduct. On another thread you said you try to keep the peace. NOTHING COULD BE FURTHER FROM THE TRUTH! You like to stir the pot. You do so for enjoyment and without repurcussions. You have admitted this on many occassions. I am a pot stirrer myself so I dont have a problem with it in setting such as this. But what you did to Jim in his place of business is reprehensable. Much of what you do is fine but you can be a very vile person at times.

[PerryChase]

FutureSDguy, another thing to remember about Realtors is that they have a vested interest in generating transactions. Whether the market is high or low, they need transactions to occur. Realtors will always be biased for more “deals.”

[sdrealtor]

BTW, I disagree with the superior properties going down only 5 to 10% scenario. I believe they will hold up better but not that much better. I also disagree with Jim on what constitutes a superior home.

[powayseller]

sdrealtor, did you read the post, or are you just having fun with me? BTW, I was promoted to Quality Assurance Manager just one year out of college, and worked in Sales and Marketing as well. So yes, I do have professional experience.

[sdrealtor]

Yes to both. I read the post and I am having fun with you. One thing we share is an enjoyment of stirring the pot. I don’t really care what you say here as that is what a forum like this is for, but screaming FIRE in Jim’s place of business just doesn’t pass the muster in my book. I wouldn’t do it to you or anyone in their place of business for that matter. I’d recommend you consider the venue when you speak, otherwise you will lose lots of “imaginary friends”.

[powayseller]

sdrealtor, my post was up for only a couple minutes, if even that, so I am surprised you happened to see it. I like Jim, his blog, his analysis, and I consider him a friend. He’s one of the few good realtors, he’s smart, and he writes stuff I don’t find elsewhere. I am disappointed that he erased my post, but he had every right to do so. This incident does not change the fact that he is an excellent realtor, and I will keep recommending him.

You are more pre-occupied with dissing me, than in debating my arguments, my analysis, my forecast. I don’t know what you mean with “screaming FIRE”? So I will ask you for the 3rd time: what specific item in my post disagrees with you?

[sdrealtor]

I didnt see the post but saw your others. Get a clue. I will say it for at least the 5th time time. I dont disagree with your post. I disagree with you posting what you did on his blog. It is his place of business not a housing bear blog.

If you want to talk about preoccupation, it is you that is overly pre-occupied with the whole housing market. You spend more time on it than most people empoyed in the industry. I went out to dinner Saturday night with a dozen “friends” about half of whom work in RE or lending. We spent about 5 minutes on shop talk. All are doing fine, have plenty of reserves, have healthy businesses and positive outlooks despite what we know is coming. Most of the time was spent talking about our kids, the wines we were drinking, the Padres etc.

[FutureSDguy]

Perry, of course! 🙂 Sellers talk the market up, buyers talk the market down, and realtors, in the “best interests” of both buyers and sellers, talk the market up. A site like this is a good place to hash out out ideas and explore the assumptions for these scenarios (and it would be nice if people would stick to the dicussions and not the people behind them).

All around I see realtors and other industry advocates being a bit too optimistic. The worst of them are definitely trying to pull the wool over my eyes, and the best of them actually do make a lot of sense and you have to dig down deeper to figure out if they’re right or not. I have a few other things about Jim’s site that are a bit too much “spin” such as a video that basically is advising buyers “don’t worry about the housing market, focus on finding the right house.” Many buyers are flexible, and with the inventory such as it is and climbing, I think it would be bad financial advise.

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