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joebaduba
ParticipantI concur. Fed needs to defend the dollar. Shakeout is necessary. Wish Paul Volcker were still around to stand up to the whiners.
ParticipantI concur. Fed needs to defend the dollar. Shakeout is necessary. Wish Paul Volcker were still around to stand up to the whiners.
Participantit sounded like he was more upset about his wall street buddies losing their jobs and rich people like him “can’t even get a loan”.
when this RE market first started tanking in middle america, i remember reading the stories in the ny times about the multi million dollar penthouse apartments on park avenue still getting snapped up by the hedge fund titans at bonus time. are these the friends losing their jobs that he is crying about?
quite frankly, i’ve never found his investment advice to be that good.
Participantit sounded like he was more upset about his wall street buddies losing their jobs and rich people like him “can’t even get a loan”.
when this RE market first started tanking in middle america, i remember reading the stories in the ny times about the multi million dollar penthouse apartments on park avenue still getting snapped up by the hedge fund titans at bonus time. are these the friends losing their jobs that he is crying about?
quite frankly, i’ve never found his investment advice to be that good.
Participantnot sure how i feel about those wall streeters losing their jobs.
Participantnot sure how i feel about those wall streeters losing their jobs.
ParticipantAgent: “You should consider lowering the top end of the selling range on your house”
Seller: “We never thought there was a chance in Hades that it would sell there anyway, how ’bout you just get rid of that stupid range altogether”
Agent: “OK, and you should consider adding another 1% to the buyers commission”
Seller: “I don’t like realtors and I don’t want them to get any more than the 6% of this transaction that they would already be getting”
Agent: “That’s fine but I have to tell you that I was at a meeting just this week and there was a buyer’s agent who said they wouldn’t even show homes to his client that were offering just the standard 2.5% commision”
Seller: “Our listing agreement with you says we will pay 3% to the buyer agent”
Agent: “Oh, Right” (?)
Seller should have asked her what meeting that was. Was it an inter-office meeting and this was one of the family?
Seller: “I thinks that’s a bunch of crap.”
Agent: “uh, er, yeah… We don’t engage in any of that kind of stuff here, but that is what is going on and it’s better to get a sale with extra costs than not get a sale at all.”
That range stuff is amusing to me in this market. I read on another thread here where a buyer offered at the low end of a range (Bankers Hill I think it was) and the seller countered at the high end saying they never really intended to sell if for that low. Buyer walked. Seller calls a few months later wanting to take them up on their original offer to which the buyer said that offer is no good anymore and now it’s less than the asking. The seller accepted that too but the buyer had such a bad taste in their mouth that they walked away:
I know a guy who knows a guy that has the same thing going on. Put in a respectable offer on a nice house below the high but above the low! Incredibly, the seller wants more. I told him this story and said he should expect to see them in a few months come knocking on his door. Apparently he’s pissed enough that even though he really likes the house, when they do he’s going to goof with them in the same way – and walk.
ParticipantAgent: “You should consider lowering the top end of the selling range on your house”
Seller: “We never thought there was a chance in Hades that it would sell there anyway, how ’bout you just get rid of that stupid range altogether”
Agent: “OK, and you should consider adding another 1% to the buyers commission”
Seller: “I don’t like realtors and I don’t want them to get any more than the 6% of this transaction that they would already be getting”
Agent: “That’s fine but I have to tell you that I was at a meeting just this week and there was a buyer’s agent who said they wouldn’t even show homes to his client that were offering just the standard 2.5% commision”
Seller: “Our listing agreement with you says we will pay 3% to the buyer agent”
Agent: “Oh, Right” (?)
Seller should have asked her what meeting that was. Was it an inter-office meeting and this was one of the family?
Seller: “I thinks that’s a bunch of crap.”
Agent: “uh, er, yeah… We don’t engage in any of that kind of stuff here, but that is what is going on and it’s better to get a sale with extra costs than not get a sale at all.”
That range stuff is amusing to me in this market. I read on another thread here where a buyer offered at the low end of a range (Bankers Hill I think it was) and the seller countered at the high end saying they never really intended to sell if for that low. Buyer walked. Seller calls a few months later wanting to take them up on their original offer to which the buyer said that offer is no good anymore and now it’s less than the asking. The seller accepted that too but the buyer had such a bad taste in their mouth that they walked away:
I know a guy who knows a guy that has the same thing going on. Put in a respectable offer on a nice house below the high but above the low! Incredibly, the seller wants more. I told him this story and said he should expect to see them in a few months come knocking on his door. Apparently he’s pissed enough that even though he really likes the house, when they do he’s going to goof with them in the same way – and walk.
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