[NotCranky]

From WIKI, I know you all already knew….”A pied-a-terre is a residence that will be used temporarily, mostly as a second home. It is common in New York City realty for many building co-ops to prohibit pied-a-terres because they only want buyers who will actually make the building/apartment their permanent place of residence.”

[NotCranky]

This is a rhetorical question Bob? There is such
a thing as a Realtor established designation for “buyer’s broker”. Generally speaking the agent for the buyer is just another agent who lists and sells and is seeking the commission as agreed via the MLS.

Buyers can also represent themselves in some types of deals or go directly to the agent whose sign is in on the property.

[NotCranky]

This is a rhetorical question Bob? There is such
a thing as a Realtor established designation for “buyer’s broker”. Generally speaking the agent for the buyer is just another agent who lists and sells and is seeking the commission as agreed via the MLS.

Buyers can also represent themselves in some types of deals or go directly to the agent whose sign is in on the property.

[NotCranky]

The principal cause of the extraordinary run-ups of prices in select markets is not bubble economics (they don’t mention the term) but rather “land use planning excesses.” In this regard see page 4. If over-regulation is the problem, then perhaps the bubble won’t burst here after all. Thoughts?

This topic is a real pain,MPOV, no doubt.
However, It is not going to make the inhabitants of this fine region able to afford the significant housing stock or the local economy at status quo. In fact the crazy expenses and delays occurring because of planning and land use is probably in part exacerbating the downturn. It is another factor in putting engineers, contractors and labor out of work and reducing the wholesale and retail suppliers and service providers business. The planning people themselves might lose their jobs because of the double whammy of the housing bust and the exceedingly restrictive requirements they themselves demand. I deal with them frequently and believe me they are concerned. I asked if it were possible they would ease of on the general plan for the county to spur work and they said the state won’t let it happen. Cities are in the same boat.

[NotCranky]

The principal cause of the extraordinary run-ups of prices in select markets is not bubble economics (they don’t mention the term) but rather “land use planning excesses.” In this regard see page 4. If over-regulation is the problem, then perhaps the bubble won’t burst here after all. Thoughts?

This topic is a real pain,MPOV, no doubt.
However, It is not going to make the inhabitants of this fine region able to afford the significant housing stock or the local economy at status quo. In fact the crazy expenses and delays occurring because of planning and land use is probably in part exacerbating the downturn. It is another factor in putting engineers, contractors and labor out of work and reducing the wholesale and retail suppliers and service providers business. The planning people themselves might lose their jobs because of the double whammy of the housing bust and the exceedingly restrictive requirements they themselves demand. I deal with them frequently and believe me they are concerned. I asked if it were possible they would ease of on the general plan for the county to spur work and they said the state won’t let it happen. Cities are in the same boat.

[NotCranky]

SDR I know your story,mostly by taking away the ten foot pole you were using to stay away from me and beating it out of you ,sorry ;).

I am not sure I would repeat what I have done with regard to withdrawing from the business completely(or cursing out mortgage people) .Maybe I was taking too much responsibilty? I could have helped a few sellers in my “circle of influence” . I didn’t farm (or pimp) at all not even passing out business cards. I guess I am still basically on the sidelines. There are a few listing I could go for,not sure I want to be stuck between reality and most sellers. The exposure to you, sdrealtor,bugs and the situations various posters are in, is great.

[NotCranky]

SDR I know your story,mostly by taking away the ten foot pole you were using to stay away from me and beating it out of you ,sorry ;).

I am not sure I would repeat what I have done with regard to withdrawing from the business completely(or cursing out mortgage people) .Maybe I was taking too much responsibilty? I could have helped a few sellers in my “circle of influence” . I didn’t farm (or pimp) at all not even passing out business cards. I guess I am still basically on the sidelines. There are a few listing I could go for,not sure I want to be stuck between reality and most sellers. The exposure to you, sdrealtor,bugs and the situations various posters are in, is great.

[NotCranky]

“Asking them to take on a fiduciary responsibility is “scope creep”
I have enjoyed the tidbits you have inserted in your posts where you are drawing on you managerial expertise. People here are proving why so many have trouble with RE types. They abdicate responsibility to someone who really is not, generally speaking, in a very sophisticated role. I think to some extent crying about it puts them in that camp.

“Scope creep”;Great expression. I do think people in all fields SHOULD advocate for their clients though.

Another thing , all rookie agents, and mortgage folks gets used and abused by buyers and sellers, sometimes by friends. This is no excuse but it can easily be seen as a heartless situation by all parties(recall how many people are telling Raptorduck to dump his agent who has worked very hard doing the best she can). In fact everyday that you go out into the world of sales you can be confronted by phenomenal bull shit. Don’t be surprised that many aggressive, thick skinned and self preservation minded people are at the forefront. This has been true forever.

[NotCranky]

“Asking them to take on a fiduciary responsibility is “scope creep”
I have enjoyed the tidbits you have inserted in your posts where you are drawing on you managerial expertise. People here are proving why so many have trouble with RE types. They abdicate responsibility to someone who really is not, generally speaking, in a very sophisticated role. I think to some extent crying about it puts them in that camp.

“Scope creep”;Great expression. I do think people in all fields SHOULD advocate for their clients though.

Another thing , all rookie agents, and mortgage folks gets used and abused by buyers and sellers, sometimes by friends. This is no excuse but it can easily be seen as a heartless situation by all parties(recall how many people are telling Raptorduck to dump his agent who has worked very hard doing the best she can). In fact everyday that you go out into the world of sales you can be confronted by phenomenal bull shit. Don’t be surprised that many aggressive, thick skinned and self preservation minded people are at the forefront. This has been true forever.

[NotCranky]

I saw it Gary. Not much to say because you have a good handle on it. It looks like it will be getting as distressed as some of the other complexes you have posted about or nearly so anyway. The complex looks nicer than the others we have talked about. Looks like a real condominium community vs. converted apt.(even though I believe it is a conversion? It still could get to be a pretty rough place over time. Not completely unlivable but a little dingy and noisy. That happened to some decent looking places in the last downturn. Might even see stuff like boards on windows and other messes around. Density per unit goes up and at the other extreme there are vacancies where adolescents goof off and vandalize stuff. I imagine this forces people to put up with it or call the police.

[NotCranky]

I saw it Gary. Not much to say because you have a good handle on it. It looks like it will be getting as distressed as some of the other complexes you have posted about or nearly so anyway. The complex looks nicer than the others we have talked about. Looks like a real condominium community vs. converted apt.(even though I believe it is a conversion? It still could get to be a pretty rough place over time. Not completely unlivable but a little dingy and noisy. That happened to some decent looking places in the last downturn. Might even see stuff like boards on windows and other messes around. Density per unit goes up and at the other extreme there are vacancies where adolescents goof off and vandalize stuff. I imagine this forces people to put up with it or call the police.

[NotCranky]

I have a lead too. Someone who recently handled all the engineering and repair for a friend.It was a small job. More costly hoops to jump through for a mountain made out of a mole hill though. Anyway they did what they were supposed to do and quickly.I can get it if you need it.

[NotCranky]

I have a lead too. Someone who recently handled all the engineering and repair for a friend.It was a small job. More costly hoops to jump through for a mountain made out of a mole hill though. Anyway they did what they were supposed to do and quickly.I can get it if you need it.

[NotCranky]

I have been on the sidelines. If I decided to break my anonymity sdr or SDR could prove it. Now honestly that wasn’t a big change for me because I was never big….but I did stop selling houses, curse out a few mortgage brokers and hang it up. Obviously, I am trying hard to believe in karma.
I don’t hate the agents or brokers. How many people would quit their job because the nature of the game changed radically? Besides that people didn’t give high ratings to real estate types when I got my license in 1998 and they never will. My instructor for the basic licensing requirement brought a chart with relative respect by trade or profession. RE people were right there with used car salesmen.
My experience also proves that very few people would have listened to someone giving warning. I actually had people call on referral and when I told them it wasn’t a good time to think about SD homes they told me “what the hell kind of real estate guy are you anyway”. I think they know now.

Now I get frequent calls from people who are screwed and want to know what to do. I feel bad for them and offer whatever I can ,which is basically nothing. They do confirm what the bad boys on this blog are saying about being greedy and stupid with the equity in their houses if they ever had it. Some of them were on easy street for having bought in the 90’s too.

[NotCranky]

I have been on the sidelines. If I decided to break my anonymity sdr or SDR could prove it. Now honestly that wasn’t a big change for me because I was never big….but I did stop selling houses, curse out a few mortgage brokers and hang it up. Obviously, I am trying hard to believe in karma.
I don’t hate the agents or brokers. How many people would quit their job because the nature of the game changed radically? Besides that people didn’t give high ratings to real estate types when I got my license in 1998 and they never will. My instructor for the basic licensing requirement brought a chart with relative respect by trade or profession. RE people were right there with used car salesmen.
My experience also proves that very few people would have listened to someone giving warning. I actually had people call on referral and when I told them it wasn’t a good time to think about SD homes they told me “what the hell kind of real estate guy are you anyway”. I think they know now.

Now I get frequent calls from people who are screwed and want to know what to do. I feel bad for them and offer whatever I can ,which is basically nothing. They do confirm what the bad boys on this blog are saying about being greedy and stupid with the equity in their houses if they ever had it. Some of them were on easy street for having bought in the 90’s too.

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