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NotCranky.
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May 31, 2007 at 6:25 PM #55815May 31, 2007 at 9:20 PM #55818
sdrealtor
Participantls2008
But, but , but, but, but. You keep asking questions and are proven wrong time and again. You say 20% down volume, 20% down prices already and the data just doesnt bare that out. I know what comes next and have been spot on in my predictions for the last few years. You are nothing but a failure in this industry that went back to another career. There are plenty of us out here doing well (myself included) without lying, cheating or stealing from clients. Face it, you failed and are looking to blame someone else.For quality agents that ake care of thietr clients the market is actually pretty good. For clowns like you, there are McJobs ahead.
BTW, its 1215 already.
May 31, 2007 at 9:20 PM #55837Participantls2008
But, but , but, but, but. You keep asking questions and are proven wrong time and again. You say 20% down volume, 20% down prices already and the data just doesnt bare that out. I know what comes next and have been spot on in my predictions for the last few years. You are nothing but a failure in this industry that went back to another career. There are plenty of us out here doing well (myself included) without lying, cheating or stealing from clients. Face it, you failed and are looking to blame someone else.For quality agents that ake care of thietr clients the market is actually pretty good. For clowns like you, there are McJobs ahead.
BTW, its 1215 already.
May 31, 2007 at 9:52 PM #55826latesummer2008
ParticipantSdrealtor, You can try to spin how good it is to still buy a house, but you are DEAD WRONG. You make your living by sending people down the river. Go ahead, put some more families in overpriced houses, and watch them suffer the next few years. You are nothing but an ASS without a conscious, trolling these boards HOPING to pick up clients.
I chose not to work in RE and I suspect many don’t trust realtors, because of people like you. You can try to spin your data anyway you want. The truth is you are bankrupting families futures, right now, And a year from now, your “CLIENTS” will have wished they’ve never met you.
At least in my line a work, I am educating others about liars like you, and hopefully helping them to make better choices in life. Go ahead, close that deal on another sucker, you fool.
Sdrealtor? Like you are the only realtor in San Diego? What a joke.
Keep GIVING to the community like you do. It is so admirable…
May 31, 2007 at 9:52 PM #55845ParticipantSdrealtor, You can try to spin how good it is to still buy a house, but you are DEAD WRONG. You make your living by sending people down the river. Go ahead, put some more families in overpriced houses, and watch them suffer the next few years. You are nothing but an ASS without a conscious, trolling these boards HOPING to pick up clients.
I chose not to work in RE and I suspect many don’t trust realtors, because of people like you. You can try to spin your data anyway you want. The truth is you are bankrupting families futures, right now, And a year from now, your “CLIENTS” will have wished they’ve never met you.
At least in my line a work, I am educating others about liars like you, and hopefully helping them to make better choices in life. Go ahead, close that deal on another sucker, you fool.
Sdrealtor? Like you are the only realtor in San Diego? What a joke.
Keep GIVING to the community like you do. It is so admirable…
May 31, 2007 at 10:00 PM #55834ParticipantIt is you that is DEAD WRONG. You asked questions and time and again were proven wrong by hard data. I dont spin anything nor do i make a living sending people down the river. My clients that are buying are doing so for reasons specific to them and with a full understanding of the risks they face. I own multiple businesses which support my family. RE is more hobby than a living for me. I have far more of a conscious than you who spouts nonsense. I have never trolled these boards hoping to pick up clients and have turned down requests from multiple people on this board. By posting your link on every post it is you that is WHORING around here not me.
A year from now, my clients will be happy with their purchases and loving the lifestyle they have acquired. It is a lifestyle they can afford and one they have chosen not I. You are educating no one around here. Your posts are never backed up by data and are full of false sensationalism that the smart folks around here are too intelligent to take seriously. I dont think there is a true bull on this board and I have been firmly bearish from day 1 around here. I am also realistic about what is happening and base my opinions on what I see occuring not some false hopes.
Go away troll
May 31, 2007 at 10:00 PM #55853ParticipantIt is you that is DEAD WRONG. You asked questions and time and again were proven wrong by hard data. I dont spin anything nor do i make a living sending people down the river. My clients that are buying are doing so for reasons specific to them and with a full understanding of the risks they face. I own multiple businesses which support my family. RE is more hobby than a living for me. I have far more of a conscious than you who spouts nonsense. I have never trolled these boards hoping to pick up clients and have turned down requests from multiple people on this board. By posting your link on every post it is you that is WHORING around here not me.
A year from now, my clients will be happy with their purchases and loving the lifestyle they have acquired. It is a lifestyle they can afford and one they have chosen not I. You are educating no one around here. Your posts are never backed up by data and are full of false sensationalism that the smart folks around here are too intelligent to take seriously. I dont think there is a true bull on this board and I have been firmly bearish from day 1 around here. I am also realistic about what is happening and base my opinions on what I see occuring not some false hopes.
Go away troll
May 31, 2007 at 10:14 PM #55838ParticipantAnd WHAT do you see ocurring? And WHAT great advice are you giving your clients in a declining market, such as this?
What would you advise an average family, with the median income in San Diego right now, as far as buying a house?
I’m curious….
May 31, 2007 at 10:14 PM #55857ParticipantAnd WHAT do you see ocurring? And WHAT great advice are you giving your clients in a declining market, such as this?
What would you advise an average family, with the median income in San Diego right now, as far as buying a house?
I’m curious….
May 31, 2007 at 10:33 PM #55840ParticipantDon’t!
May 31, 2007 at 10:33 PM #55859ParticipantDon’t!
May 31, 2007 at 10:42 PM #55842cyphire
ParticipantSorry SDRealtor – I don’t agree that:
“A year from now, my clients will be happy with their purchases”
How can you say that? You don’t have a crystal ball that prices will be stabilized, just as you don’t know if they will descend to a normalized rate. Ultimately prices will go where prices will go. If prices do drop dramatically and stay low for a long time, many of your clients will be hurt, very hurt. If prices stay flat and don’t move a lot, only some of them will be hurt (they will find it an expensive proposition), and if prices go up even past our crazy levels then you will be vindicated.
Are you actually asking your clients “Are you prepared economically for a medium term loss of equity on your asset?”, “Are you prepared economically if you can’t sell as easy as you bought (because the buyers are on the sidelines)”, “If interest rates go up, are you in a mortgage which will be stable?” If you don’t ask these questions you are selling them a dream which has already been punctured. I might have missed something – but do they all know that some folks are calling a bubble and a downward trend? And that we have had these cycles here in SD before (but never with such magnitude to the upside).
My personal belief is that we will go right back to the inflation adusted line that we have had since 1890. It always returns to that line (actually goes below it but averages back to it). Why is it that most people just ignore history as if they are in some “golden age”?
Anyway, I hope you are telling your customers that you have no idea where the market is going, you only have your personal opinion. I would get it in writing that they understand this (a disclaimer)… While it’s true that Realtors have literally no ethics requirements (thats not to say that some realtors aren’t completely ethical and some aren’t) you should take some responsibility in the product you push.
I personally have an awesome friend / elder statesman who is a realtor. He’s been around the block for a very long time. His kids are realtors. He thinks that anyone buying a house right now is insane. He is still selling (or not selling!) (mostly high-end condos to very wealthy people), but he thinks that not only the housing market but the stock market is poised to fall and fall big. He is completely in cash right now, and I am 90% in cash right now.
One point that I can’t stress enough… The data SUCKS. We aren’t seeing selling prices, we are only seeing the houses that do sell!!! What about all the inventory which is just sitting there? If the only things selling right now are the ‘perfect’ properties (and selling at a somewhat discount), what about the time-lagging properties which couldn’t possibly sell at even todays prices with the buyers staying away?
Just my opinion and can we please keep these forums interesting without personally attacking anyone and name calling?
May 31, 2007 at 10:42 PM #55861ParticipantSorry SDRealtor – I don’t agree that:
“A year from now, my clients will be happy with their purchases”
How can you say that? You don’t have a crystal ball that prices will be stabilized, just as you don’t know if they will descend to a normalized rate. Ultimately prices will go where prices will go. If prices do drop dramatically and stay low for a long time, many of your clients will be hurt, very hurt. If prices stay flat and don’t move a lot, only some of them will be hurt (they will find it an expensive proposition), and if prices go up even past our crazy levels then you will be vindicated.
Are you actually asking your clients “Are you prepared economically for a medium term loss of equity on your asset?”, “Are you prepared economically if you can’t sell as easy as you bought (because the buyers are on the sidelines)”, “If interest rates go up, are you in a mortgage which will be stable?” If you don’t ask these questions you are selling them a dream which has already been punctured. I might have missed something – but do they all know that some folks are calling a bubble and a downward trend? And that we have had these cycles here in SD before (but never with such magnitude to the upside).
My personal belief is that we will go right back to the inflation adusted line that we have had since 1890. It always returns to that line (actually goes below it but averages back to it). Why is it that most people just ignore history as if they are in some “golden age”?
Anyway, I hope you are telling your customers that you have no idea where the market is going, you only have your personal opinion. I would get it in writing that they understand this (a disclaimer)… While it’s true that Realtors have literally no ethics requirements (thats not to say that some realtors aren’t completely ethical and some aren’t) you should take some responsibility in the product you push.
I personally have an awesome friend / elder statesman who is a realtor. He’s been around the block for a very long time. His kids are realtors. He thinks that anyone buying a house right now is insane. He is still selling (or not selling!) (mostly high-end condos to very wealthy people), but he thinks that not only the housing market but the stock market is poised to fall and fall big. He is completely in cash right now, and I am 90% in cash right now.
One point that I can’t stress enough… The data SUCKS. We aren’t seeing selling prices, we are only seeing the houses that do sell!!! What about all the inventory which is just sitting there? If the only things selling right now are the ‘perfect’ properties (and selling at a somewhat discount), what about the time-lagging properties which couldn’t possibly sell at even todays prices with the buyers staying away?
Just my opinion and can we please keep these forums interesting without personally attacking anyone and name calling?
May 31, 2007 at 10:53 PM #55848ParticipantI have 3 buyer clients purchasing custom homes between 1.7M and 2.5M that we have spent anywhere from 3 to 5 years each looking for. Finding exactly the type of properties they wanted was extremely challenging and the changing market provided the opportunity to get them. These properties were never on the open market and will likely stay in these familes for generations. Each could pay cash if they wanted. In fact they could buy a handful of like homes if they wanted. I am very confident when I say “A year from now, my clients will be happy with their purchases”
May 31, 2007 at 10:53 PM #55867ParticipantI have 3 buyer clients purchasing custom homes between 1.7M and 2.5M that we have spent anywhere from 3 to 5 years each looking for. Finding exactly the type of properties they wanted was extremely challenging and the changing market provided the opportunity to get them. These properties were never on the open market and will likely stay in these familes for generations. Each could pay cash if they wanted. In fact they could buy a handful of like homes if they wanted. I am very confident when I say “A year from now, my clients will be happy with their purchases”
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