[urbanrealtor]

I don’t remember their names but there are these dudes from Boston who sell “Yankees Suck” t-shirts a few months a year.

They vacation the rest of the time from the t-shirt proceeds.

The trouble with comparing teachers is that they provide a public service.

The market driven model does not apply.

I don’t want my teachers competing for who can give the most “A’s” any more than I want security and police companies competing for who can shoot or arrest more people.

It does seem weird to be agreeing with SD though.

I guess we see alike outside of real estate.

[urbanrealtor]

I don’t remember their names but there are these dudes from Boston who sell “Yankees Suck” t-shirts a few months a year.

They vacation the rest of the time from the t-shirt proceeds.

The trouble with comparing teachers is that they provide a public service.

The market driven model does not apply.

I don’t want my teachers competing for who can give the most “A’s” any more than I want security and police companies competing for who can shoot or arrest more people.

It does seem weird to be agreeing with SD though.

I guess we see alike outside of real estate.

[urbanrealtor]

[quote=CDMA ENG]
I don’t have kids but have worked as a tutor on a indian reservation (read combat duty) and while I agree with what you say SD about pay I don’t think to say that teachers have the same training as us engineers. That simply isn’t true or even close!

But to have to deal with kids… Man that is so much more difficult (in a different way) to deal with.

I just take objection to the training…

Still love ya though! 😛

CE[/quote]

So the 3 years of teacher training in addition to a bachelors is weak?

Also, very few teachers work 6 hours a day or 9 months a year.

Generally that only applies to very unmotivated elementary school teachers or those on a part time schedule.

[urbanrealtor]

[quote=CDMA ENG]
I don’t have kids but have worked as a tutor on a indian reservation (read combat duty) and while I agree with what you say SD about pay I don’t think to say that teachers have the same training as us engineers. That simply isn’t true or even close!

But to have to deal with kids… Man that is so much more difficult (in a different way) to deal with.

I just take objection to the training…

Still love ya though! 😛

CE[/quote]

So the 3 years of teacher training in addition to a bachelors is weak?

Also, very few teachers work 6 hours a day or 9 months a year.

Generally that only applies to very unmotivated elementary school teachers or those on a part time schedule.

[urbanrealtor]

[quote=CDMA ENG]
I don’t have kids but have worked as a tutor on a indian reservation (read combat duty) and while I agree with what you say SD about pay I don’t think to say that teachers have the same training as us engineers. That simply isn’t true or even close!

But to have to deal with kids… Man that is so much more difficult (in a different way) to deal with.

I just take objection to the training…

Still love ya though! 😛

CE[/quote]

So the 3 years of teacher training in addition to a bachelors is weak?

Also, very few teachers work 6 hours a day or 9 months a year.

Generally that only applies to very unmotivated elementary school teachers or those on a part time schedule.

[urbanrealtor]

[quote=CDMA ENG]
I don’t have kids but have worked as a tutor on a indian reservation (read combat duty) and while I agree with what you say SD about pay I don’t think to say that teachers have the same training as us engineers. That simply isn’t true or even close!

But to have to deal with kids… Man that is so much more difficult (in a different way) to deal with.

I just take objection to the training…

Still love ya though! 😛

CE[/quote]

So the 3 years of teacher training in addition to a bachelors is weak?

Also, very few teachers work 6 hours a day or 9 months a year.

Generally that only applies to very unmotivated elementary school teachers or those on a part time schedule.

[urbanrealtor]

[quote=CDMA ENG]
I don’t have kids but have worked as a tutor on a indian reservation (read combat duty) and while I agree with what you say SD about pay I don’t think to say that teachers have the same training as us engineers. That simply isn’t true or even close!

But to have to deal with kids… Man that is so much more difficult (in a different way) to deal with.

I just take objection to the training…

Still love ya though! 😛

CE[/quote]

So the 3 years of teacher training in addition to a bachelors is weak?

Also, very few teachers work 6 hours a day or 9 months a year.

Generally that only applies to very unmotivated elementary school teachers or those on a part time schedule.

[urbanrealtor]

The problem with analyzing real estate at the micro level is that the macro economic models do not work so well.

Macro generally assumes lots of vendors with large inventories of interchangeable, single-purpose goods competing for buyers in a transparent market where information sets (unknowns) are minimized.

Walmart is a brilliant example of this.

However, in real estate, there are a relatively small number of unique goods that are crazy expensive. There are piles of unknowns (from neighborhood violence to termites to closing costs)and the concept of value is much more ethereal.

Making a foolish move could make you into an FB and its easy to draw a line from A(bad decision) to B (bankruptcy).

Given this tension, I don’t see the role of real estate agent going away any time soon.

I do agree with some of the things Rt66 said.

Some agent do jack shit and get way overpaid for it.
If it is not obvious that your agent is actually helping, or if it in doubt that they are actually working hard, then yeah, it might be time to revisit the arrangement.

However, given the OP’s description, I would be willing to bet that the fair market value of the property is around 650-675.

To borrow from Warren Buffet, if you can find someone willing to sell you dollars for 80 cents each, then buy them.

Of course real property is not as simple as that but if something is a really good deal at asking (and there are other buyers) then negotiation really do look more like a bidding war.

[urbanrealtor]

The problem with analyzing real estate at the micro level is that the macro economic models do not work so well.

Macro generally assumes lots of vendors with large inventories of interchangeable, single-purpose goods competing for buyers in a transparent market where information sets (unknowns) are minimized.

Walmart is a brilliant example of this.

However, in real estate, there are a relatively small number of unique goods that are crazy expensive. There are piles of unknowns (from neighborhood violence to termites to closing costs)and the concept of value is much more ethereal.

Making a foolish move could make you into an FB and its easy to draw a line from A(bad decision) to B (bankruptcy).

Given this tension, I don’t see the role of real estate agent going away any time soon.

I do agree with some of the things Rt66 said.

Some agent do jack shit and get way overpaid for it.
If it is not obvious that your agent is actually helping, or if it in doubt that they are actually working hard, then yeah, it might be time to revisit the arrangement.

However, given the OP’s description, I would be willing to bet that the fair market value of the property is around 650-675.

To borrow from Warren Buffet, if you can find someone willing to sell you dollars for 80 cents each, then buy them.

Of course real property is not as simple as that but if something is a really good deal at asking (and there are other buyers) then negotiation really do look more like a bidding war.

[urbanrealtor]

The problem with analyzing real estate at the micro level is that the macro economic models do not work so well.

Macro generally assumes lots of vendors with large inventories of interchangeable, single-purpose goods competing for buyers in a transparent market where information sets (unknowns) are minimized.

Walmart is a brilliant example of this.

However, in real estate, there are a relatively small number of unique goods that are crazy expensive. There are piles of unknowns (from neighborhood violence to termites to closing costs)and the concept of value is much more ethereal.

Making a foolish move could make you into an FB and its easy to draw a line from A(bad decision) to B (bankruptcy).

Given this tension, I don’t see the role of real estate agent going away any time soon.

I do agree with some of the things Rt66 said.

Some agent do jack shit and get way overpaid for it.
If it is not obvious that your agent is actually helping, or if it in doubt that they are actually working hard, then yeah, it might be time to revisit the arrangement.

However, given the OP’s description, I would be willing to bet that the fair market value of the property is around 650-675.

To borrow from Warren Buffet, if you can find someone willing to sell you dollars for 80 cents each, then buy them.

Of course real property is not as simple as that but if something is a really good deal at asking (and there are other buyers) then negotiation really do look more like a bidding war.

[urbanrealtor]

The problem with analyzing real estate at the micro level is that the macro economic models do not work so well.

Macro generally assumes lots of vendors with large inventories of interchangeable, single-purpose goods competing for buyers in a transparent market where information sets (unknowns) are minimized.

Walmart is a brilliant example of this.

However, in real estate, there are a relatively small number of unique goods that are crazy expensive. There are piles of unknowns (from neighborhood violence to termites to closing costs)and the concept of value is much more ethereal.

Making a foolish move could make you into an FB and its easy to draw a line from A(bad decision) to B (bankruptcy).

Given this tension, I don’t see the role of real estate agent going away any time soon.

I do agree with some of the things Rt66 said.

Some agent do jack shit and get way overpaid for it.
If it is not obvious that your agent is actually helping, or if it in doubt that they are actually working hard, then yeah, it might be time to revisit the arrangement.

However, given the OP’s description, I would be willing to bet that the fair market value of the property is around 650-675.

To borrow from Warren Buffet, if you can find someone willing to sell you dollars for 80 cents each, then buy them.

Of course real property is not as simple as that but if something is a really good deal at asking (and there are other buyers) then negotiation really do look more like a bidding war.

[urbanrealtor]

The problem with analyzing real estate at the micro level is that the macro economic models do not work so well.

Macro generally assumes lots of vendors with large inventories of interchangeable, single-purpose goods competing for buyers in a transparent market where information sets (unknowns) are minimized.

Walmart is a brilliant example of this.

However, in real estate, there are a relatively small number of unique goods that are crazy expensive. There are piles of unknowns (from neighborhood violence to termites to closing costs)and the concept of value is much more ethereal.

Making a foolish move could make you into an FB and its easy to draw a line from A(bad decision) to B (bankruptcy).

Given this tension, I don’t see the role of real estate agent going away any time soon.

I do agree with some of the things Rt66 said.

Some agent do jack shit and get way overpaid for it.
If it is not obvious that your agent is actually helping, or if it in doubt that they are actually working hard, then yeah, it might be time to revisit the arrangement.

However, given the OP’s description, I would be willing to bet that the fair market value of the property is around 650-675.

To borrow from Warren Buffet, if you can find someone willing to sell you dollars for 80 cents each, then buy them.

Of course real property is not as simple as that but if something is a really good deal at asking (and there are other buyers) then negotiation really do look more like a bidding war.

[urbanrealtor]

Not looking at hard data as I write this but this is the area where I live and specialize in.

It seems that the SFRs in desirable uptown neighborhoods have a relatively less elastic demand curve than most of the county.

Prices there seem more like 2007 than 2005 but again I am not looking at data as I write this.

Simply put, prices don’t really need to drop there much for desire and easy lending to create effective demand.

Thats why anything with a second commode (like even in the garage) gets an extra 100k in value there.

[urbanrealtor]

Not looking at hard data as I write this but this is the area where I live and specialize in.

It seems that the SFRs in desirable uptown neighborhoods have a relatively less elastic demand curve than most of the county.

Prices there seem more like 2007 than 2005 but again I am not looking at data as I write this.

Simply put, prices don’t really need to drop there much for desire and easy lending to create effective demand.

Thats why anything with a second commode (like even in the garage) gets an extra 100k in value there.

[urbanrealtor]

Not looking at hard data as I write this but this is the area where I live and specialize in.

It seems that the SFRs in desirable uptown neighborhoods have a relatively less elastic demand curve than most of the county.

Prices there seem more like 2007 than 2005 but again I am not looking at data as I write this.

Simply put, prices don’t really need to drop there much for desire and easy lending to create effective demand.

Thats why anything with a second commode (like even in the garage) gets an extra 100k in value there.

[Author]

Posts