UT This Morning

[JES]

contraman, you are indeed a breath of fresh air!

[sdrealtor]

“I’m just too damn honest, and caring. I would feel like each deal someone is losing money for my gain. I could never do it, and I admire your principles.”

Funny how those principles went out the window when selling her property in Lakeside. Not only could she do it, she did.

I believe this is known as Situational Ethics. The arrogance constantly amazes me.

[JES]

So long as the realtor makes the client aware of the market conditions I see no ethical problem with being a realtor. Clients should also be expected to do their own research, like logging on to a few sites like this to see what is going on in the market. And there’s always the small chance that most of us here will simply be wrong in our predictions and the market will actually rise. Regardless, since there are people buying in all market conditions, it only follows that we actually need honest realtors to help with some of these transactions. We shouldn’t broadly criticize all realtors and question how someone could actually live with themselves being one in this market.

[lendingbubblecontinues]

sdrealtor-

never thought I’d hear myself saying this but I agree with your sentiments…PS’ arrogance is becoming quite a problem. As someone who has done his own research, began discussing the strong likelihood of a bubble with people back in early 2003, and has watched this bubble go on longer than ever thought imaginable, I feel compelled to warn powayseller that she knows just enough to be dangerous, to herself and, more importantly, others.

Hearing her call Bill Miller a “goon” today made me question the value of her insight. Bill Miller (of Legg Mason Value Trust) has a remarkable track record of outperforming the S&P 500 index for close to FIFTEEN CONSECUTIVE YEARS I believe. Nothing to sneeze at. On the other hand, powayseller has a track record of selling her house in Ramona for good profit and then warning everyone to “sell now!”….time will tell if she was correct, of course, but the certainty in her messages ought to give everyone pause for thought….just who the heck is she?? I’m sure she’s nice and all, but should anyone really take her advice?? Maybe…maybe not.

I mean, I know I’m an ass…many of my posts are inflammatory, but I have no idea how far prices will fall…I think it is possible they may go down more than 50% in some areas…but I have to have an ounce of doubt in my mind that I might be “missing something” here and that powayseller might be too..that is all.

Best of luck to you powayseller…I mean it. Just be careful out there.

[carlislematthew]

“I’m just too damn honest, and caring. I would feel like each deal someone is losing money for my gain. I could never do it, and I admire your principles.”

Funny how those principles went out the window when selling her property in Lakeside. Not only could she do it, she did.

I believe this is known as Situational Ethics. The arrogance constantly amazes me.

Bingo.

[powayseller]

threadskimmers, my post was about being a realtor; I just couldn’t sell homes now.

sdr, you posted that you don’t do double agency, because it is not in the buyer’s best interest, but in your most recent sale you represented buyer and seller. Forgive my arrogance in asking how you reconcile that?

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Sounded like a written Guarantee to me !!

[JES]

Powayseller: As I stated in my earlier post, there are very good reasons why good and honest people actually need to be realtors right now. Your explanation of why you could never be one right now is not just a personal stand, but also a broad attack against everyone currently in the field.

Before you attack SDR on an unrelated issue, how about defending your position that anyone practicing realty right now must be unethical.

[lamoneyguy]

If they spoke this way about stocks instead of real estate, their licenses would be suspended or revoked. The only way they would be held legally liable is if it can be proven via emails, internal memos and such that they never believed any of what they are saying. I find that to be highly unlikely.

~lamoneyguy

[JES]

I find it unlikely as well, but I also believe that we will see more laws and regulations on the industry in the future as a result.

[PerryChase]

In defense of powayseller, selling one’s own property is different than selling properties for a living.

My personal view is that a realtor is not a financial advisor. That’s simply not his job. His job is to sell houses to people who want to buy. If i were a realtor, i would never affirmatively say that properties will go up or down; i would simply help a buyer find a property that he can afford, or help a seller get market price for his house.

One should focus on the issue at hand and not take ethics to the nth degree. If you really think about it, everything in life could be considered a scam.

[no_such_reality]

1 Job for every 12 newbies.

6) Southern CA is adding 200-300,000 new residents per year.
7) SoCal will create 30-50,000 jobs in the next 2 years.

So, 30-50K new jobs in two years, but 400-600K new residents.

That’s 1 job for every 12 new residents. Hopefully it isn’t true.

[JES]

Are those accurate figures? I think they are both much lower than that. In fact, job growth right now is near zero and 50,000 people left San Diego last year.

[Steve Beebo]

PerryChase – well said.

As far as jobs losses go, I would expect at least 1/3 of real estate agents, loan officers, appraisers, escrow company employees, home inspectors, etc. will be doing some other job in the next two years – there just isn’t enough work for everybody in these fields with the real estate slowdown. I have no idea what they will be doing, though.

[no_such_reality]

SB – they’ll be debt collectors, repo men, property managers since so many will be trying to rent their places without the desire or skills of managing tenants.

Jes – I hope not. Zero job growth and exodus is actually better, IMHO, than substantial immigration where there aren’t new jobs for 11 of 12.

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