[Fearful]

The smaller the sample size, the noisier is the median. You cannot look at a median selling price in a sub-area such as OB and draw any meaningful conclusions. I frankly despise any quotation of median prices for this very reason.

Ironically, the article’s quoted buyer supposed got a $350K discount on the original listing price of the house she bought. Doesn’t sound quite like a strong market, now does it?

[Fearful]

The smaller the sample size, the noisier is the median. You cannot look at a median selling price in a sub-area such as OB and draw any meaningful conclusions. I frankly despise any quotation of median prices for this very reason.

Ironically, the article’s quoted buyer supposed got a $350K discount on the original listing price of the house she bought. Doesn’t sound quite like a strong market, now does it?

[Fearful]

The smaller the sample size, the noisier is the median. You cannot look at a median selling price in a sub-area such as OB and draw any meaningful conclusions. I frankly despise any quotation of median prices for this very reason.

Ironically, the article’s quoted buyer supposed got a $350K discount on the original listing price of the house she bought. Doesn’t sound quite like a strong market, now does it?

[Fearful]

A couple of points, since I originated this car thread:

This is not about personal responsibility. Yes, everyone has a personal responsibility to read the fine print and do their own due diligence. I am talking about the ethical obligation people have to tell the truth, especially when such large sums of money are at stake.

From a regulatory standpoint: You go into options trading and you are forced to sign all sorts of disclosures that you know you can lose your shirt. Why aren’t realtors forced to state: “This is a risky investment and may lose value. Because of your leverage, you may lose substantially more than your down payment.” Other kinds of brokers have tremendous liability for any insinuation that stocks, commodities, or currencies will increase in value or do not present risk. Why won’t the NAR be pilloried for what has happened?

But the real point I figured out: It was not that long ago that there were widespread riots in this country. Recall the anti-establishment violence of the 1960’s. Noting my own anger at the realtor, it occurred to me that I am probably not unique; in fact, I have much less to be angry about than the family being broken up as it loses its home.

I am not saying it will happen, but I will not be terribly surprised to see realtors’ offices, and banks, burned.

[Fearful]

A couple of points, since I originated this car thread:

This is not about personal responsibility. Yes, everyone has a personal responsibility to read the fine print and do their own due diligence. I am talking about the ethical obligation people have to tell the truth, especially when such large sums of money are at stake.

From a regulatory standpoint: You go into options trading and you are forced to sign all sorts of disclosures that you know you can lose your shirt. Why aren’t realtors forced to state: “This is a risky investment and may lose value. Because of your leverage, you may lose substantially more than your down payment.” Other kinds of brokers have tremendous liability for any insinuation that stocks, commodities, or currencies will increase in value or do not present risk. Why won’t the NAR be pilloried for what has happened?

But the real point I figured out: It was not that long ago that there were widespread riots in this country. Recall the anti-establishment violence of the 1960’s. Noting my own anger at the realtor, it occurred to me that I am probably not unique; in fact, I have much less to be angry about than the family being broken up as it loses its home.

I am not saying it will happen, but I will not be terribly surprised to see realtors’ offices, and banks, burned.

[Fearful]

A couple of points, since I originated this car thread:

This is not about personal responsibility. Yes, everyone has a personal responsibility to read the fine print and do their own due diligence. I am talking about the ethical obligation people have to tell the truth, especially when such large sums of money are at stake.

From a regulatory standpoint: You go into options trading and you are forced to sign all sorts of disclosures that you know you can lose your shirt. Why aren’t realtors forced to state: “This is a risky investment and may lose value. Because of your leverage, you may lose substantially more than your down payment.” Other kinds of brokers have tremendous liability for any insinuation that stocks, commodities, or currencies will increase in value or do not present risk. Why won’t the NAR be pilloried for what has happened?

But the real point I figured out: It was not that long ago that there were widespread riots in this country. Recall the anti-establishment violence of the 1960’s. Noting my own anger at the realtor, it occurred to me that I am probably not unique; in fact, I have much less to be angry about than the family being broken up as it loses its home.

I am not saying it will happen, but I will not be terribly surprised to see realtors’ offices, and banks, burned.

[Fearful]

A couple of points, since I originated this car thread:

This is not about personal responsibility. Yes, everyone has a personal responsibility to read the fine print and do their own due diligence. I am talking about the ethical obligation people have to tell the truth, especially when such large sums of money are at stake.

From a regulatory standpoint: You go into options trading and you are forced to sign all sorts of disclosures that you know you can lose your shirt. Why aren’t realtors forced to state: “This is a risky investment and may lose value. Because of your leverage, you may lose substantially more than your down payment.” Other kinds of brokers have tremendous liability for any insinuation that stocks, commodities, or currencies will increase in value or do not present risk. Why won’t the NAR be pilloried for what has happened?

But the real point I figured out: It was not that long ago that there were widespread riots in this country. Recall the anti-establishment violence of the 1960’s. Noting my own anger at the realtor, it occurred to me that I am probably not unique; in fact, I have much less to be angry about than the family being broken up as it loses its home.

I am not saying it will happen, but I will not be terribly surprised to see realtors’ offices, and banks, burned.

[Fearful]

A couple of points, since I originated this car thread:

This is not about personal responsibility. Yes, everyone has a personal responsibility to read the fine print and do their own due diligence. I am talking about the ethical obligation people have to tell the truth, especially when such large sums of money are at stake.

From a regulatory standpoint: You go into options trading and you are forced to sign all sorts of disclosures that you know you can lose your shirt. Why aren’t realtors forced to state: “This is a risky investment and may lose value. Because of your leverage, you may lose substantially more than your down payment.” Other kinds of brokers have tremendous liability for any insinuation that stocks, commodities, or currencies will increase in value or do not present risk. Why won’t the NAR be pilloried for what has happened?

But the real point I figured out: It was not that long ago that there were widespread riots in this country. Recall the anti-establishment violence of the 1960’s. Noting my own anger at the realtor, it occurred to me that I am probably not unique; in fact, I have much less to be angry about than the family being broken up as it loses its home.

I am not saying it will happen, but I will not be terribly surprised to see realtors’ offices, and banks, burned.

[Fearful]

Makes me proud to be an Ozzie! Wait, I’m not. D’OH!

[Fearful]

Makes me proud to be an Ozzie! Wait, I’m not. D’OH!

[Fearful]

Makes me proud to be an Ozzie! Wait, I’m not. D’OH!

[Fearful]

Makes me proud to be an Ozzie! Wait, I’m not. D’OH!

[Fearful]

Makes me proud to be an Ozzie! Wait, I’m not. D’OH!

[Fearful]

All the comments about nifty cars aside – and I plan on picking up some nice used Realtor car in the next year or so – I stand by my vehemence.

Lying about a used car is one thing. These guys are running around lying about houses that cost 10x – 50x. People’s personal finances are being devastated.

Whatever. I got my ass out, so I don’t personally care, and am frankly profiting off the macroeconomic situation. It just sickens me to see people lying in their self interest, and to the detriment of others. How can the guy look in the mirror each morning and feel good about encouraging people to buy houses now?

[Fearful]

All the comments about nifty cars aside – and I plan on picking up some nice used Realtor car in the next year or so – I stand by my vehemence.

Lying about a used car is one thing. These guys are running around lying about houses that cost 10x – 50x. People’s personal finances are being devastated.

Whatever. I got my ass out, so I don’t personally care, and am frankly profiting off the macroeconomic situation. It just sickens me to see people lying in their self interest, and to the detriment of others. How can the guy look in the mirror each morning and feel good about encouraging people to buy houses now?

[Author]

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