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tom
ParticipantBeen noticing around mid week the PR campaign to extend and expand the tax credit seems to have hit mainstream media more. Doesn’t look good for those who would like to see it expire, such as me. The attitude being conveyed (from talking heads, not even a nar member) seems to be that it is the only thing breathing life into the market, that letting it expire is irresponsible and letting it expire would be THE reason we do a double dip recession. In the particular program I was watching anyway, that’s how it was being portrayed.. Further, they didn’t drag anyone on to rebutt those statements. They also showed the new expanded version details (15k, any home buyer, no income limits).
I guess the only good news here could be timing a house purchase after people think an expansion going to happen, but before it does.. Might be a little less competition. So on with the FUD?
ParticipantBeen noticing around mid week the PR campaign to extend and expand the tax credit seems to have hit mainstream media more. Doesn’t look good for those who would like to see it expire, such as me. The attitude being conveyed (from talking heads, not even a nar member) seems to be that it is the only thing breathing life into the market, that letting it expire is irresponsible and letting it expire would be THE reason we do a double dip recession. In the particular program I was watching anyway, that’s how it was being portrayed.. Further, they didn’t drag anyone on to rebutt those statements. They also showed the new expanded version details (15k, any home buyer, no income limits).
I guess the only good news here could be timing a house purchase after people think an expansion going to happen, but before it does.. Might be a little less competition. So on with the FUD?
ParticipantBeen noticing around mid week the PR campaign to extend and expand the tax credit seems to have hit mainstream media more. Doesn’t look good for those who would like to see it expire, such as me. The attitude being conveyed (from talking heads, not even a nar member) seems to be that it is the only thing breathing life into the market, that letting it expire is irresponsible and letting it expire would be THE reason we do a double dip recession. In the particular program I was watching anyway, that’s how it was being portrayed.. Further, they didn’t drag anyone on to rebutt those statements. They also showed the new expanded version details (15k, any home buyer, no income limits).
I guess the only good news here could be timing a house purchase after people think an expansion going to happen, but before it does.. Might be a little less competition. So on with the FUD?
ParticipantBeen noticing around mid week the PR campaign to extend and expand the tax credit seems to have hit mainstream media more. Doesn’t look good for those who would like to see it expire, such as me. The attitude being conveyed (from talking heads, not even a nar member) seems to be that it is the only thing breathing life into the market, that letting it expire is irresponsible and letting it expire would be THE reason we do a double dip recession. In the particular program I was watching anyway, that’s how it was being portrayed.. Further, they didn’t drag anyone on to rebutt those statements. They also showed the new expanded version details (15k, any home buyer, no income limits).
I guess the only good news here could be timing a house purchase after people think an expansion going to happen, but before it does.. Might be a little less competition. So on with the FUD?
ParticipantWell, this is a little different in that these have already been purchased from the bank/securities by some investment/venture capatalist enterprise that bought them in bulk for costco like deals, so they are hoping to make a profit by dealing in bulk.
This realtor may very well be effectively playing the role of the employee unloading them (i.e., this IS dealing with the investment firm, not a middle man). The pocket listings of course reward these agents by being on both ends of the deal. I may be horribly mangling this setup of course, since this is all new to me as of a couple hours ago 🙂
ParticipantWell, this is a little different in that these have already been purchased from the bank/securities by some investment/venture capatalist enterprise that bought them in bulk for costco like deals, so they are hoping to make a profit by dealing in bulk.
This realtor may very well be effectively playing the role of the employee unloading them (i.e., this IS dealing with the investment firm, not a middle man). The pocket listings of course reward these agents by being on both ends of the deal. I may be horribly mangling this setup of course, since this is all new to me as of a couple hours ago 🙂
ParticipantWell, this is a little different in that these have already been purchased from the bank/securities by some investment/venture capatalist enterprise that bought them in bulk for costco like deals, so they are hoping to make a profit by dealing in bulk.
This realtor may very well be effectively playing the role of the employee unloading them (i.e., this IS dealing with the investment firm, not a middle man). The pocket listings of course reward these agents by being on both ends of the deal. I may be horribly mangling this setup of course, since this is all new to me as of a couple hours ago 🙂
ParticipantWell, this is a little different in that these have already been purchased from the bank/securities by some investment/venture capatalist enterprise that bought them in bulk for costco like deals, so they are hoping to make a profit by dealing in bulk.
This realtor may very well be effectively playing the role of the employee unloading them (i.e., this IS dealing with the investment firm, not a middle man). The pocket listings of course reward these agents by being on both ends of the deal. I may be horribly mangling this setup of course, since this is all new to me as of a couple hours ago 🙂
ParticipantWell, this is a little different in that these have already been purchased from the bank/securities by some investment/venture capatalist enterprise that bought them in bulk for costco like deals, so they are hoping to make a profit by dealing in bulk.
This realtor may very well be effectively playing the role of the employee unloading them (i.e., this IS dealing with the investment firm, not a middle man). The pocket listings of course reward these agents by being on both ends of the deal. I may be horribly mangling this setup of course, since this is all new to me as of a couple hours ago 🙂
ParticipantSeems like carrying / marketing cost might be peanuts compared with what a bidding war could currently generate?
Granted, I haven’t seen any of these yet.. maybe the asking price is high.. so sure you can get it, but you’re not going to a get a great price; they’ve penciled out what the bidding war would likely generate and are asking that, or close to it. Has to be a catch somewhere.
ParticipantSeems like carrying / marketing cost might be peanuts compared with what a bidding war could currently generate?
Granted, I haven’t seen any of these yet.. maybe the asking price is high.. so sure you can get it, but you’re not going to a get a great price; they’ve penciled out what the bidding war would likely generate and are asking that, or close to it. Has to be a catch somewhere.
ParticipantSeems like carrying / marketing cost might be peanuts compared with what a bidding war could currently generate?
Granted, I haven’t seen any of these yet.. maybe the asking price is high.. so sure you can get it, but you’re not going to a get a great price; they’ve penciled out what the bidding war would likely generate and are asking that, or close to it. Has to be a catch somewhere.
ParticipantSeems like carrying / marketing cost might be peanuts compared with what a bidding war could currently generate?
Granted, I haven’t seen any of these yet.. maybe the asking price is high.. so sure you can get it, but you’re not going to a get a great price; they’ve penciled out what the bidding war would likely generate and are asking that, or close to it. Has to be a catch somewhere.
ParticipantSeems like carrying / marketing cost might be peanuts compared with what a bidding war could currently generate?
Granted, I haven’t seen any of these yet.. maybe the asking price is high.. so sure you can get it, but you’re not going to a get a great price; they’ve penciled out what the bidding war would likely generate and are asking that, or close to it. Has to be a catch somewhere.
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