Realtors attend worship service to pray for better market

[waiting hawk]

You just can’t make this crap up. This was on their front page. Don’t forget to read the comments.

http://www.nwfdailynews.com/article/6725

[waiting hawk]

Ahmen!

[waiting hawk]

Ahmen!

[lostkitty]

Oh come on… Did you find this at the theonion.com!?!

Still cracks me up. It is that photo that gets me…. arms all raised as they face the real estate charts.

[lostkitty]

Oh come on… Did you find this at the theonion.com!?!

Still cracks me up. It is that photo that gets me…. arms all raised as they face the real estate charts.

[LookoutBelow]

Oh Myyyy……..I love it when "seemingly" somewhat intelligent people start talking to me about religion !!…Just use your imagination when I respond….This news story will add ammo to my debunking of age old myths….Humans used to think the earth was flat too !

[LookoutBelow]

Oh Myyyy……..I love it when "seemingly" somewhat intelligent people start talking to me about religion !!…Just use your imagination when I respond….This news story will add ammo to my debunking of age old myths….Humans used to think the earth was flat too !

[SD Transplant]

Thanks for posting. This is icing on the cake.I read it yesterday, and I did not get to posting it on time.

I’m still LOL at this….

[SD Transplant]

Thanks for posting. This is icing on the cake.I read it yesterday, and I did not get to posting it on time.

I’m still LOL at this….

[Anonymous]

In the comments posted after the article, one individual hit the nail on the head:

Just because it’s called a McMansion doesn’t mean somebody with a McJob can afford it.

You can’t expect RE to revive by changing the interest rate, changing the financing options, hiring a staging company, or adding granite countertops, or even adding $20,000 worth of ‘incentives’. People can’t afford to pay 50%, 60%, 70% of their take home pay for housing. With so many jobs being outsourced, and so many of the jobs being created in the low paid sectors such as hospitality and retail, people are struggling to compete for the few decent paying jobs available. The winners of that competition may be able to pay at these prices, but the number of homes for sale is much higher than the number of high paid job slots available. Inventory will continue to remain high until the average Joe with the average job can afford to buy a house with a sustainable mortgage payment. Why don’t these realtors pray for a real quick dramatic price drop, for a quicker crash? Then sales will pick up.

[Anonymous]

In the comments posted after the article, one individual hit the nail on the head:

Just because it’s called a McMansion doesn’t mean somebody with a McJob can afford it.

You can’t expect RE to revive by changing the interest rate, changing the financing options, hiring a staging company, or adding granite countertops, or even adding $20,000 worth of ‘incentives’. People can’t afford to pay 50%, 60%, 70% of their take home pay for housing. With so many jobs being outsourced, and so many of the jobs being created in the low paid sectors such as hospitality and retail, people are struggling to compete for the few decent paying jobs available. The winners of that competition may be able to pay at these prices, but the number of homes for sale is much higher than the number of high paid job slots available. Inventory will continue to remain high until the average Joe with the average job can afford to buy a house with a sustainable mortgage payment. Why don’t these realtors pray for a real quick dramatic price drop, for a quicker crash? Then sales will pick up.

[cr]

Too bad they’re competing withthe millions of others hoping for prices to drop so they can some day afford a home.

[cr]

Too bad they’re competing withthe millions of others hoping for prices to drop so they can some day afford a home.

[LookoutBelow]

I think across town the OWNERS of those funky ARM mortgages were praying for interest rate resets to go lower.

 

 

[LookoutBelow]

I think across town the OWNERS of those funky ARM mortgages were praying for interest rate resets to go lower.

 

 

[Author]

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