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January 31, 2008 at 1:53 PM in reply to: Article on SD buyer suing their RE agent for overpaying #146137January 31, 2008 at 1:53 PM in reply to: Article on SD buyer suing their RE agent for overpaying #146381
JWM in SD
ParticipantJWM in SD
Yeah, too bad no one told her that the agent only has fiduciary responsibilty to the seller. Of course, she probably had Heloc $’s in mind when she signed the paperwork.January 31, 2008 at 1:53 PM in reply to: Article on SD buyer suing their RE agent for overpaying #146408JWM in SD
ParticipantJWM in SD
Yeah, too bad no one told her that the agent only has fiduciary responsibilty to the seller. Of course, she probably had Heloc $’s in mind when she signed the paperwork.January 31, 2008 at 1:53 PM in reply to: Article on SD buyer suing their RE agent for overpaying #146419JWM in SD
ParticipantJWM in SD
Yeah, too bad no one told her that the agent only has fiduciary responsibilty to the seller. Of course, she probably had Heloc $’s in mind when she signed the paperwork.January 31, 2008 at 1:53 PM in reply to: Article on SD buyer suing their RE agent for overpaying #146479JWM in SD
ParticipantJWM in SD
Yeah, too bad no one told her that the agent only has fiduciary responsibilty to the seller. Of course, she probably had Heloc $’s in mind when she signed the paperwork.JWM in SD
ParticipantJWM in SD
“Learned a lot form this exercise from the simple standpoint that there can often times be different objectives. For some such as the JWM’s of this board in might be profit maximization.”
Actually, no. I’m not trying to maximize profit from a personal residence purchase decision but rather minimize risk by engaging in prudent timing. You see, I really don’t disagree with every aspect of what you are saying, however, I just don’t think you are acknowledging the risk posed to the personal financial health of a buyer if they choose to buy today.
“Try and time the market. Might be righ or might be wrong.”
Timing the stock market and the real estate market are vastly different in my opinion. The latter is far easier than the former…at least for those of us who post on these RE blogs.“For otehrs it might simply be to lower the amoutn of risk.”
I agree that that is a worthy goal, but have you really lowered your risk if you have taken on excess debt to make the purchase in the short term?? Not everyone has $500K in cash lying around you know.JWM in SD
ParticipantJWM in SD
“Learned a lot form this exercise from the simple standpoint that there can often times be different objectives. For some such as the JWM’s of this board in might be profit maximization.”
Actually, no. I’m not trying to maximize profit from a personal residence purchase decision but rather minimize risk by engaging in prudent timing. You see, I really don’t disagree with every aspect of what you are saying, however, I just don’t think you are acknowledging the risk posed to the personal financial health of a buyer if they choose to buy today.
“Try and time the market. Might be righ or might be wrong.”
Timing the stock market and the real estate market are vastly different in my opinion. The latter is far easier than the former…at least for those of us who post on these RE blogs.“For otehrs it might simply be to lower the amoutn of risk.”
I agree that that is a worthy goal, but have you really lowered your risk if you have taken on excess debt to make the purchase in the short term?? Not everyone has $500K in cash lying around you know.JWM in SD
ParticipantJWM in SD
“Learned a lot form this exercise from the simple standpoint that there can often times be different objectives. For some such as the JWM’s of this board in might be profit maximization.”
Actually, no. I’m not trying to maximize profit from a personal residence purchase decision but rather minimize risk by engaging in prudent timing. You see, I really don’t disagree with every aspect of what you are saying, however, I just don’t think you are acknowledging the risk posed to the personal financial health of a buyer if they choose to buy today.
“Try and time the market. Might be righ or might be wrong.”
Timing the stock market and the real estate market are vastly different in my opinion. The latter is far easier than the former…at least for those of us who post on these RE blogs.“For otehrs it might simply be to lower the amoutn of risk.”
I agree that that is a worthy goal, but have you really lowered your risk if you have taken on excess debt to make the purchase in the short term?? Not everyone has $500K in cash lying around you know.JWM in SD
ParticipantJWM in SD
“Learned a lot form this exercise from the simple standpoint that there can often times be different objectives. For some such as the JWM’s of this board in might be profit maximization.”
Actually, no. I’m not trying to maximize profit from a personal residence purchase decision but rather minimize risk by engaging in prudent timing. You see, I really don’t disagree with every aspect of what you are saying, however, I just don’t think you are acknowledging the risk posed to the personal financial health of a buyer if they choose to buy today.
“Try and time the market. Might be righ or might be wrong.”
Timing the stock market and the real estate market are vastly different in my opinion. The latter is far easier than the former…at least for those of us who post on these RE blogs.“For otehrs it might simply be to lower the amoutn of risk.”
I agree that that is a worthy goal, but have you really lowered your risk if you have taken on excess debt to make the purchase in the short term?? Not everyone has $500K in cash lying around you know.JWM in SD
ParticipantJWM in SD
“Learned a lot form this exercise from the simple standpoint that there can often times be different objectives. For some such as the JWM’s of this board in might be profit maximization.”
Actually, no. I’m not trying to maximize profit from a personal residence purchase decision but rather minimize risk by engaging in prudent timing. You see, I really don’t disagree with every aspect of what you are saying, however, I just don’t think you are acknowledging the risk posed to the personal financial health of a buyer if they choose to buy today.
“Try and time the market. Might be righ or might be wrong.”
Timing the stock market and the real estate market are vastly different in my opinion. The latter is far easier than the former…at least for those of us who post on these RE blogs.“For otehrs it might simply be to lower the amoutn of risk.”
I agree that that is a worthy goal, but have you really lowered your risk if you have taken on excess debt to make the purchase in the short term?? Not everyone has $500K in cash lying around you know.JWM in SD
ParticipantJWM in SD
Hey Coop,
I actually believe that Alex is really a memeber of the MSM who comes here for material for his / her articles. Think about it, if you were a lazy MSM reporter who is now being asked to report on the “Subprime Problem” because now it is news worthy (two years too late), how easy would it be to get excellent material by baiting posters in a well known RE Bear Blog, and getting quality arguments for free. Look at the quality of posts this generated (except mine of course), and tell me that they were not quote worthy? Read some of the latest articles in the MSM and you would swear that the author is pulling directly from the blogs whether they acknowledge them or not.
Just my theory of course…..
JWM in SD
ParticipantJWM in SD
Hey Coop,
I actually believe that Alex is really a memeber of the MSM who comes here for material for his / her articles. Think about it, if you were a lazy MSM reporter who is now being asked to report on the “Subprime Problem” because now it is news worthy (two years too late), how easy would it be to get excellent material by baiting posters in a well known RE Bear Blog, and getting quality arguments for free. Look at the quality of posts this generated (except mine of course), and tell me that they were not quote worthy? Read some of the latest articles in the MSM and you would swear that the author is pulling directly from the blogs whether they acknowledge them or not.
Just my theory of course…..
JWM in SD
ParticipantJWM in SD
Hey Coop,
I actually believe that Alex is really a memeber of the MSM who comes here for material for his / her articles. Think about it, if you were a lazy MSM reporter who is now being asked to report on the “Subprime Problem” because now it is news worthy (two years too late), how easy would it be to get excellent material by baiting posters in a well known RE Bear Blog, and getting quality arguments for free. Look at the quality of posts this generated (except mine of course), and tell me that they were not quote worthy? Read some of the latest articles in the MSM and you would swear that the author is pulling directly from the blogs whether they acknowledge them or not.
Just my theory of course…..
JWM in SD
ParticipantJWM in SD
Hey Coop,
I actually believe that Alex is really a memeber of the MSM who comes here for material for his / her articles. Think about it, if you were a lazy MSM reporter who is now being asked to report on the “Subprime Problem” because now it is news worthy (two years too late), how easy would it be to get excellent material by baiting posters in a well known RE Bear Blog, and getting quality arguments for free. Look at the quality of posts this generated (except mine of course), and tell me that they were not quote worthy? Read some of the latest articles in the MSM and you would swear that the author is pulling directly from the blogs whether they acknowledge them or not.
Just my theory of course…..
JWM in SD
ParticipantJWM in SD
Hey Coop,
I actually believe that Alex is really a memeber of the MSM who comes here for material for his / her articles. Think about it, if you were a lazy MSM reporter who is now being asked to report on the “Subprime Problem” because now it is news worthy (two years too late), how easy would it be to get excellent material by baiting posters in a well known RE Bear Blog, and getting quality arguments for free. Look at the quality of posts this generated (except mine of course), and tell me that they were not quote worthy? Read some of the latest articles in the MSM and you would swear that the author is pulling directly from the blogs whether they acknowledge them or not.
Just my theory of course…..
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