Gotta love this email I got from Ziprealty. Better hurry, you only have until 2015!
“The Changing Marketplace:
This is an excellent time for serious homebuyers to act and get in to their dream home. The housing market seems to be favoring the buyers at this time and this is an opportunity that does not happen often in San Diego County.
Let me know if I could show you any of the homes you have seen on line. Also, I am sure you are aware of our rebate program. If not this is how it works: We represent you in your home purchase and well give you 20% of the commission received by ZIP Realty back to you TAX FREE.
For those of you sitting on the sidelines waiting for the bottom to fall out of the market in San Diego – The US census department says that 3.8 million people will migrate to California before the year 2015 – It does not take a genius to figure out that they have to live somewhere.”
Those 3.8 million people – are they mainly illegal immigrants? If they are domestic migration, all of those are going to the inland Empire. Notice the ad, for a SD ZipRealty, did not claim they are coming to Southern CA. Because the Census Bureau just released data showing Southern CAs are leaving in droves, and going to cheaper places in Riverside and Inland Empire.
If I read that, I would ask, Where in CA? But then again, I guess I take control of my destiny, fashion my own “luck”, and don’t buy real estate at the top of the biggest liquidity bubble in world history!
One of San Diego’s ZipRealty agents has had her home on the market for nearly 5 months. Someone I know believes that she is getting pretty far behind on property taxes, too.
It’s in her best interest to try and “pump and dump”, no?
At the very least, we need to see legislation passed which would require real estate agents to follow the same “front-running” laws that securities brokers have to follow when selling something. These laws stipulate that a stock-broker cannot sell his shares before his clients have sold theirs(especially if he believes they are going DOWN in value).
Also, disclosure laws are needed which would reveal whether an agent owns “investment” real estate that would benefit from the type of shameless “buy now or be priced out forever” behavior that has been going on for the last several years.
Used house salespeople (ahem, Realtors) need to police their own and CLEAN UP their act!
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