[urbanrealtor]

[quote=Veritas]The Unthinkable Is Poised to Happen, Economist Warns

http://www.moneynews.com/StreetTalk/aftershock-financial-wiedemer-economy/2011/08/17/id/407695

Not an endorsement, just a suggestion to read the article for an alternative view on the economy.[/quote]
That article was written with the point of view of Markmax and all the writing skill of Markmax.

Seriously, its basically a glossy sleeve of a cheesy reactionary best seller.
Lets summarize:
-Its full of dire wake up calls.
-Its not written to scare you.
-But it will totally terrify you.
-If you read it you won’t suffer like all the sheep about to be slaughtered for their stupidity.
-If you read it you might get rich.
-But I assure you this is a news article not an ad.
-So read it. (also its companion roundtable will be on newsmax)

[urbanrealtor]

[quote=UCGal]Am I the only one who read the title to this thread and thought it was about sex clubs run by Viajas or Sycaun?

Ok… back to discussions of real estate and the economy…[/quote]

Yeah I actually thought it was about swingers clubs in India.

That is a country with a very unique and complicated relationship with sex.

Only place I have ever had a girl with a killer body and a fuzzy, pink Niqab (to go with her very tight Levis and silver shoes) flirt and make sexy eyes.

It was like being hit on by the hello Kitty ninja.

Even weirder was when a some pretty boys hit on my wife and I simultaneously at a club.

I expect that in SF.

I don’t expect it from disco Muslims in Rajathstan.

Makes my head hurt.

[urbanrealtor]

Thank you for this.
As someone who has versions of this conversation regularly while working on short sales, this was pretty funny.
I peed a little.

[urbanrealtor]

[quote=tdelamater][quote=FormerSanDiegan][quote=FormerSanDiegan]$ 253,897.13[/quote]

You guys must have missed this stuck in the middle of the Wall street versus public servant discussions.[/quote]

Yeah, but you guessed $325,724.68 before that (third post of the thread).

I demand a recount! I see a hanging chad![/quote]

That was my old porn name.

[urbanrealtor]

Jesus CAR.
One more retarded….

OH MY GOD!!!!
I JUST WATCHED MARIO BATTALI SPIT CHEWED UP FOOD INTO JOHN STEWARTS MOUTH!!!!!!

DEAR GOD THAT WAS GROSS!!!!!!

[urbanrealtor]

When you have a sec, check out this piece on pension meltdowns.

Liam Dillon recommended it in the current Voice page.

Looks pretty good.

http://www.governing.com/columns/public-money/col-Pension-Puffery.html

[urbanrealtor]

[quote=walterwhite]You borrow from future agreeableness, so you pay it off by being less agreeable in the future[/quote]

GOOOOOAAAAAAALLLLLLLLL!!!!!!!

[urbanrealtor]

[quote=FormerSanDiegan][quote=Nor-LA-SD-GUY2]Gee I think everyone seems to be missing the point, it really does not matter what is fair or not fair.
Unsustainable is Unsustainable.
[/quote]

I agree 137% ![/quote]

Wait.
What?

[urbanrealtor]

Hitler was a public employee.

See that?

I just blew a Godwin load all over your face!!!!

What now bitches???!!!

[urbanrealtor]

[quote=flu]Another question:

If a new Chargers stadium ends up being built with public money, does that effectively mean the Chargers become public employees? Would they have good pensions?[/quote]

On that line, what do people think about the fact that the Packers are public employees?

[urbanrealtor]

[quote=flu]Until sdr gives us the number. I have to ask…

What would Ron Paul do in this scenario?

What would Newt do in this scenario?

What would Obama do in this scenario?

What would Romney do in this scenario?

Can we get do a comparison between the domestic policy of Ron Paul, Newt, Romney, and Obama?[/quote]
If you are going to edit, you should disclose it.

But in response to your original post, well I think its obvious.

Ron Paul would don his cape and defend liberty and restore America. Duh.

A bigger question is what would Brian Boytano do?

[urbanrealtor]

[quote=SD Realtor]Yeah Hobie I guess that nasty realtor goes to peoples homes and puts a gun to their head to force them to use him. Obviously there are no choices for people out there like Redfin or even flat fee models like Help U Sell.

Sounds like the Realtor KGB has a stranglehold on our society.

Personally I like to show up with an uzi at my listing appts.[/quote]

Hmmmm…. Jewish agent with an Israeli firearm.
We better call Markmax to investigate your control of the media.

On a more serious note about agent commissions:
I actually agree that there are an unsatisfying shortage of pricing models for agent services. Help-U-Sell had some ideas but really lost respect (for A: the predictable disdain of competing agents and B: for selling franchises to inexperienced agents) and respect is huge in this game. People don’t use the “best” solution or the “cheapest” solution. They use the most trusted solution.
Other competitive tricks (not used as an insult) have some sticking power but not a lot. Redfin has lots of agents but is really just a self-service search site (though they do close about 15 per month).

I don’t agree that standard Realtors have a stranglehold.
I do believe that most other solutions are broadly looked upon with suspicion.

The thing that gets me is that most of the high volume clients do not leverage their position.

Most banks pay 2% listing side to every REO agent and offer incentives to double end and pay 5%.

It would make more sense for them to offer a job board where we could bid on jobs.

Speaking for myself, if I could get 10 REO listings to advertise, it would be worth taking a dramatically reduced listing commission.

[urbanrealtor]

[quote=pri_dk]

But I was talking about, and responding to, the points about the individual compensation for real estate professionals. There’s a difference.

Government activity has almost no influence on agent commission rates. The rate is always an individual agreement between clients and the agents.

Of course the two markets are related, and one could argue that government activity increases the volume of transactions, and thus provides more need/demand for real estate services. But that is only a tangential effect of government policy, at best. And there is no government policy that inhibits people from becoming agents, entering the (labor) market, and competing for the same pool of compensation.

We have 9% unemployment, and agents are making an “easy” 100K. All you have to do is take a few classes and pass a test to become an agent. So why aren’t more people doing it? If the government were handing out money, why wouldn’t more people be in line to take it? (thus driving down commissions as more agents compete…)

Give yourself some credit. Your job is harder and/or takes more qualifications than you describe. At least to make a living at it.

[/quote]
I think we are talking past each other here.
I don’t mean that the government is just throwing cash at agents.
I do mean that the whole post WWII megatrend of creeping (or galloping) RE price increases is heavily influenced by government sponsorship.
There’s is a lot of evidence for that.
Prior to the 40’s (or late 30’s) the govt was largely out of the real estate game.
Prior to that time down payments were generally about 50%.
Here is a good explainer:
http://www.stlouisfed.org/publications/cb/articles/?id=797
The government is creating the market through preponderant ownership of the means of production.
That largely government-controlled market is what makes the worked performed more appealing as an income.
So its not a direct subsidy.
We are ancillary service-vendors to a market that is heavily manipulated.
And no, I don’t think its easy.
Anyway direct subsidy does not mean jobs are plentiful, desirable or easy.
I am married to a teacher and I would never use any of those words.

[urbanrealtor]

[quote=sdrealtor]I have no agency relationship with them as I did not take them as clients. Furthermore, I haven’t shared anything about them or their identity. Confidentiality has not been compromised.

Over the years I have added a lot of value to this site. To date I can’t think of a thing you have added of value from your on street real estate experience other than an affinity for using foul language. I have to say for someone in this business As long as you have been I am underwhelmed by what you add. Frankly I don’t care what you think about me. My track record here and in the business stands testament to what I’ve accomplished. Your….not so much. Time to put you back on ignore.[/quote]

Dave, as usual, you undermine your positions by taking it too far.

If you consider my value here worthless, that is your position and I respect it.
Not everyone agrees with that position, but its yours to have.
However, I was not saying you never add value.
I was saying this thread’s primary thrust was kind of worthless.

I mean honestly, were we lacking for Piggington threads that complain that public employees are greedy?

Its just irksome to hear one more Realtor go off about how our taxes are being wasted.

At some point its not discourse but just complaint masturbation.

That you glibly go off about prospective clients in a blog post (even if you don’t use their names) just because you feel they are overpaid is something that speaks poorly of you as a professional.

So yeah ignoring might work best for you.

Its definitely decreased the retarded bg-sdr duels.

[urbanrealtor]

[quote=pri_dk]

The key characteristic of Realtor compensation is that it is determined by the market – by supply and demand. Another important characteristic is that it is entirely transparent. When I buy/sell real estate and work with an agent, I know exactly (to the penny) how much my agent gets in a transaction. I enter into the deal voluntarily, am free to work with whomever I choose (or not at all) and know exactly how much I am paying for the services.

If I overpay for services, that’s entirely my own doing and has nothing to do with the government.

On the other hand, much of public-sector compensation is determined by government mandate, backroom deals, and generally opaque influences that hide the true cost of services from those who pay for them (the taxpayers). Big difference.[/quote]

So the true taxpayer cost of Realtor activities is transparent and clear?

Riiiigght.

How many short sale deals involved FHA, Freddie, or Fannie accepting far less than the market would dictate?

Who pays for government backstops on those agencies and entities?

How much would the interest rates be without GSE’s buying that debt?

How do the GSE’s afford that debt?

Its not like our industry would go away without the govt.

However, the reason we are able to make over $100k per year at 3% per deal is because the values are driven up by government subsidies to the debt market.

Its pretty clear.

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