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Jump ship or pink slip for some realtors
Yahoo News ^ | 9-17-06 | Julie Haviv

Posted on 09/18/2006 9:10:42 AM PDT by Hydroshock

click here to read article


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To: hunter112

thanx...so the VP title was just a title ?


61 posted on 09/18/2006 1:14:26 PM PDT by stylin19a
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To: ex-Texan

"...naysayers will probably attack again in droves. It is very easy to determine who they are because they accuse everybody that disagrees with them of being a DU Troll."

Thet really do pile-on! The naysayer pack won't appreciate this, but some others may:

http://www.youtube.com/watch?v=pLjo7-J1qho


62 posted on 09/18/2006 1:33:38 PM PDT by zigzag
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To: bigfootbob

"Yes, sort of. Both won contested primaries and only one won in the general.
"

Sounds like you did a good job for them, and it also sounds like the head shots didn't hurt.


63 posted on 09/18/2006 1:35:00 PM PDT by MineralMan
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To: MineralMan
Thanks. I enjoyed working with them once I got over their excessive primping.

I usually have to give a coiffure lesson and have been known to use a color consultant along with the usual image consultant. They had excellent platforms and had the fire in the belly.

You know, there's a reason the Realtors do it.

64 posted on 09/18/2006 2:13:14 PM PDT by bigfootbob
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To: Moonman62

Anyone back at the beginning of the year that would have predicted the housing market would by now be in it's current state would have been called a "doom and gloomer". They would have been right.

Markets change, sometimes drastically, depending on the catalyst and the economic environment. I have been watching this one with extreme interest for several years now. This is not a normal housing cycle. It is a credit bubble. I don't really know how it will play out, but I am certain there is more risk of a hard crash than many analysts are willing to admit.


65 posted on 09/18/2006 2:28:20 PM PDT by RobRoy (Islam is more dangerous to the world now that Naziism was in 1937.)
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To: Hydroshock

Sounds like a typical real estate economic cycle to me. We've experienced them before. The market will turn around in a year or so, maybe less in some areas of the country, and in a few years the correction will happen again.


66 posted on 09/18/2006 2:37:43 PM PDT by SuziQ
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To: RockinRight
Actually, I think you're being sarcastic, but from what I see you can't live on 67k in NYC. Not in Manhattan, anyway. Maybe in the ghetto.

The article didn't say where in New York the woman lived; just New York. That doesn't necessarily mean the big city. There is a whole lot of New York in which $67,500, especially as a second income sounds pretty good.

67 posted on 09/18/2006 2:41:07 PM PDT by SuziQ
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To: MineralMan
Amazing. They deserve to go out of business.

Ain't that the truth!

68 posted on 09/18/2006 2:42:10 PM PDT by SuziQ
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To: BeHoldAPaleHorse
Carrying a lot of money around is hard work. You try to relieve that customer of the burden of carrying all that money

Now aren't you just the most helpful person! ;o)

LOL! I love your business attitude! Too bad more business owners don't have the same. We were trying to get some electrical work done on our house. It was a small job, and mainly we just wanted a couple of questions answered. It took us several weeks to get anyone to call back!

69 posted on 09/18/2006 2:45:32 PM PDT by SuziQ
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To: RobRoy
Actually, the housing slowdown started in the summer of 2005, so a doom and gloomer at the beginning of year would have been a little late. But in reality we know the gloomers have been calling for a real estate bloodbath for years. And considering that, the current state of the market is pretty good. Most regions are stable, some have gone up a little and some have gone done a little.

Fixed rate mortgages have been going down for almost two months now, and variable rates are stable because the Fed is most likely done raising rates. Commodity prices are coming down significantly and the economy is moderating nicely. As of now, it doesn't look like there's going to be a bloodbath.

Low interest rates have played a role in the market increase, but so has the 1997 capital gains exemption on home sales, the rotation of wealth out of the stock market, and a weak dollar attracting foreign home owners and investors.

I get the impression that the widespread availability of loans on good terms somehow enrages you, or at the very least triggers your moral indignance. I hope that isn't the case, but I do get that impression.

70 posted on 09/18/2006 2:49:30 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: longtermmemmory

Some realtors are getting ahead of that parade and beginning to offer 'fee for service' plans. If you want to list your home on the internet, but just want someone to show your house for you, you can negotiate that. If you just need someone to handle financial matters, you can negotiate that. Why pay extra for things you don't need?


71 posted on 09/18/2006 2:52:36 PM PDT by SuziQ
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To: Moonman62

>>I get the impression that the widespread availability of loans on good terms somehow enrages you, or at the very least triggers your moral indignance. I hope that isn't the case, but I do get that impression.<<

That is not really it. The bottom line is that, to me, it looks an awfully lot like a pyramid scheme. We'll see.


72 posted on 09/18/2006 2:52:50 PM PDT by RobRoy (Islam is more dangerous to the world now that Naziism was in 1937.)
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To: SuziQ
Now aren't you just the most helpful person! ;o)

We aim to please, ma'am. (Tips hat.)

73 posted on 09/18/2006 3:04:54 PM PDT by BeHoldAPaleHorse ( ~()):~)>)
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To: MineralMan

Instant case of foot in mouth disease, guess I'll have to drink a little crow juice.(He muttered as he went slinking away...)


74 posted on 09/18/2006 3:09:53 PM PDT by Old Professer (The critic writes with rapier pen, dips it twice, and writes again.)
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To: Moonman62
And considering that, the current state of the market is pretty good. Most regions are stable, some have gone up a little and some have gone done a little.

Stable is in the eye of the beholder. In our area, nicer older homes seem to have some difficulty selling. There have been a lot of new homes being built in the same price range. POS homes that people can afford seem to be selling well. Those are in the < $150K range.

75 posted on 09/18/2006 5:22:22 PM PDT by EVO X
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To: mdmathis6

What is common between the stock market run up during Clinton and the Housing run up during Bush is unrealistic expectations regarding prices having no down side.

Part of the reason people went into real estate was the stock market was no longer that popular at that time.

Who knows tomorrow?
From the facts surrounding all this, we'll see what happens. I think what will happen will be real bad myself.


76 posted on 09/18/2006 5:58:23 PM PDT by A CA Guy (God Bless America, God bless and keep safe our fighting men and women.)
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To: stylin19a
thanx...so the VP title was just a title ?

Probably. No one besides the receptionist at a real estate office is paid any other way than by commission, she might have been some sort of "associate broker", in other words, someone with a brokerage license (as opposed to a mere agent's license) who was given the honorific title of VP. Chances are, she was not the only one.

77 posted on 09/18/2006 7:00:42 PM PDT by hunter112 (Total victory at home and in the Middle East!)
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To: hunter112

thanx again..


78 posted on 09/18/2006 7:13:06 PM PDT by stylin19a
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To: MineralMan
Interesting story.

I guess cash just isn't used in real estate transactions. If there's no financing, nobody seems to know what to do.

In two years, they will All know! :)

79 posted on 09/19/2006 1:34:23 AM PDT by Concentrate (Got Dollars?)
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To: Old Professer

Not a problem. Really.

Actually it's amazing how many Californians are moving to the Twin Cities. It's a trend I expect to grow throughout the midwest as the boomers retire and cash in on their overpriced real estate in CA.


80 posted on 09/19/2006 6:11:54 AM PDT by MineralMan
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