Goodbye IHB

NEW -> Contingent Buyer Assistance Program
I was shocked about this as well.



I actually think a thread discussing this blog entry should be in the Irvine Real Estate section instead of the Water Cooler. I only found about it through scubasteve's post and I had to find this thread because I almost posted one of my own.



I think everyone here is pretty much in agreement with their concerns:



1. We all wish IR and zovall the best.

2. We hope it doesn't change the tone of IHB.

3. We wish IR2 was involved (although that may be more to do with who his broker is... although it doesn't sound like IR2 was approached with this idea for him to look into it)

4. We don't know much about Shevy other than some IHB-level listings and his "Irvine Market Analysis".

5. Graph is glad it wasn't IPO who IR2/zov partnered up with and IPO feels likewise about Graph.



Did I cover most of it?
 
[quote author="irvine_home_owner" date=1239071257]I was shocked about this as well.



I actually think a thread discussing this blog entry should be in the Irvine Real Estate section instead of the Water Cooler. I only found about it through scubasteve's post and I had to find this thread because I almost posted one of my own.



I think everyone here is pretty much in agreement with their concerns:



1. We all wish IR and zovall the best.

2. We hope it doesn't change the tone of IHB.

3. We wish IR2 was involved (although that may be more to do with who his broker is... although it doesn't sound like IR2 was approached with this idea for him to look into it)

4. We don't know much about Shevy other than some IHB-level listings and his "Irvine Market Analysis".

5. Graph is glad it wasn't IPO who IR2/zov partnered up with and IPO feels likewise about Graph.



Did I cover most of it?</blockquote>


I originally posted this in the Irvine RE section and they moved it.
 
[quote author="irvine_home_owner" date=1239071257]5. Graph is glad it wasn't IPO who IR2/zov partnered up with and IPO feels likewise about Graph.</blockquote>


Can someone point me to where we learned this? I have searched with no luck. Thanks.
 
[quote author="SoCal78" date=1239072522][quote author="irvine_home_owner" date=1239071257]5. Graph is glad it wasn't IPO who IR2/zov partnered up with and IPO feels likewise about Graph.</blockquote>


Can someone point me to where we learned this? I have searched with no luck. Thanks.</blockquote>
Just check every thread where IPO and graph disagree about pricing and when to buy... hehe.



One other thing that hit me from the comments on the blog, someone asked IR about fees and he said they would start with the RE standard of 6%. It struck me and other posters as strange because IR had posted an article about the problems with the 6% fee system and yet this brand new "different" way of doing things is going to start off with that?



Now, I don't really mind the percentage based system all that much... but when it comes to the time when I do have to pay it, I will have to say that as much as I respect IR... IR2's track record has earned my business.
 
From what I remember IR is not a licensed agent, so what exactly is the partnership?

Is IR just referring business to Shevy?

It appears like he is almost soliciting business for him.



Doesn't seem like IrvineRenter post much here anymore. So does anyone else know?
 
[quote author="irvine_home_owner" date=1239072983][quote author="SoCal78" date=1239072522][quote author="irvine_home_owner" date=1239071257]5. Graph is glad it wasn't IPO who IR2/zov partnered up with and IPO feels likewise about Graph.</blockquote>


Can someone point me to where we learned this? I have searched with no luck. Thanks.</blockquote>
Just check every thread where IPO and graph disagree about pricing and when to buy... hehe.



One other thing that hit me from the comments on the blog, someone asked IR about fees and he said they would start with the RE standard of 6%. It struck me and other posters as strange because IR had posted an article about the problems with the 6% fee system and yet this brand new "different" way of doing things is going to start off with that?



Now, I don't really mind the percentage based system all that much... but when it comes to the time when I do have to pay it, I will have to say that as much as I respect IR... IR2's track record has earned my business.</blockquote>


Do you have a linky to IR's problem with 6%, or do I need to search?
 
<a href="http://'http://www.irvinehousingblog.com/blog/comments/the-new-real-estate-sales-business-model/'">The New Real Estate Sales Business Model</a>
 
[quote author="ipoplaya" date=1239070327][quote author="usctrojanman29" date=1239063002]

I just hope he doesn't go to work for a home builder like KB or worse yet the dark side...errrr, The Irvine Company. haha</blockquote>


When Crackercakes sells out, <a href="http://www.hearthside-homes.com/ourhomes/futurecommunities/brightwater/brightwater.aspx">he'll be working for these guys.</a></blockquote>


I actually took a job with them last Monday, but they laid me off on Friday, along with everyone but the CEO, CFO, and one sales agent. <a href="http://investors.californiacoastalcommunities.com/secfiling.cfm?filingID=1104659-09-22274">Something about them getting foreclosed on</a>... So I only sold out temporarily.
 
[quote author="graphrix" date=1239080906][quote author="ipoplaya" date=1239070327][quote author="usctrojanman29" date=1239063002]

I just hope he doesn't go to work for a home builder like KB or worse yet the dark side...errrr, The Irvine Company. haha</blockquote>


When Crackercakes sells out, <a href="http://www.hearthside-homes.com/ourhomes/futurecom/brightwater/brightwater.aspx">he'll be working for these guys.</a></blockquote>


I actually took a job with them last Monday, but they laid me off on Friday, along with everyone but the CEO, CFO, and one sales agent. <a href="http://investors.californiacoastalcommunities.com/secfiling.cfm?filingID=1104659-09-22274">Something about them getting foreclosed on</a>... So I only sold out temporarily.</blockquote>


Hearthside Homes did not even give him a banker box to pack up his belongings instead gave him this.

Notice the books in the carts. The titles are How to get rich on foreclosed properties.

Because he did not sell his soul to the devil his personalized plate for his ultimate green transportation is "Albertsons"



<img src="http://farm4.static.flickr.com/3030/3248997320_7130db624a.jpg" alt="" />
 
[quote author="graphrix" date=1239080906][quote author="ipoplaya" date=1239070327][quote author="usctrojanman29" date=1239063002]

I just hope he doesn't go to work for a home builder like KB or worse yet the dark side...errrr, The Irvine Company. haha</blockquote>


When Crackercakes sells out, <a href="http://www.hearthside-homes.com/ourhomes/futurecommunities/brightwater/brightwater.aspx">he'll be working for these guys.</a></blockquote>


I actually took a job with them last Monday, but they laid me off on Friday, along with everyone but the CEO, CFO, and one sales agent. <a href="http://investors.californiacoastalcommunities.com/secfiling.cfm?filingID=1104659-09-22274">Something about them getting foreclosed on</a>... So I only sold out temporarily.</blockquote>


Sell out.
 
[quote author="bkshopr" date=1239083357][quote author="graphrix" date=1239080906][quote author="ipoplaya" date=1239070327][quote author="usctrojanman29" date=1239063002]

I just hope he doesn't go to work for a home builder like KB or worse yet the dark side...errrr, The Irvine Company. haha</blockquote>


When Crackercakes sells out, <a href="http://www.hearthside-homes.com/ourhomes/futurecom/brightwater/brightwater.aspx">he'll be working for these guys.</a></blockquote>


I actually took a job with them last Monday, but they laid me off on Friday, along with everyone but the CEO, CFO, and one sales agent. <a href="http://investors.californiacoastalcommunities.com/secfiling.cfm?filingID=1104659-09-22274">Something about them getting foreclosed on</a>... So I only sold out temporarily.</blockquote>


Hearthside Homes did not even give him a banker box to pack up his belongings instead gave him this.

Notice the books in the carts. The titles are How to get rich on foreclosed properties.

Because he did not sell his soul to the devil his personalized plate for his ultimate green transportation is "Albertsons"



<img src="http://farm4.static.flickr.com/3030/3248997320_7130db624a.jpg" alt="" /></blockquote>


I wondered where my jacket went... Hadn't seen it since I sold my condo. Cracker must have lifted it when he was doing his photo reconnaisance!
 
[quote author="ipoplaya" date=1239085611][quote author="bkshopr" date=1239083357][quote author="graphrix" date=1239080906][quote author="ipoplaya" date=1239070327][quote author="usctrojanman29" date=1239063002]

I just hope he doesn't go to work for a home builder like KB or worse yet the dark side...errrr, The Irvine Company. haha</blockquote>


When Crackercakes sells out, <a href="http://www.hearthside-homes.com/ourhomes/futurecom/brightwater/brightwater.aspx">he'll be working for these guys.</a></blockquote>


I actually took a job with them last Monday, but they laid me off on Friday, along with everyone but the CEO, CFO, and one sales agent. <a href="http://investors.californiacoastalcommunities.com/secfiling.cfm?filingID=1104659-09-22274">Something about them getting foreclosed on</a>... So I only sold out temporarily.</blockquote>


Hearthside Homes did not even give him a banker box to pack up his belongings instead gave him this.

Notice the books in the carts. The titles are How to get rich on foreclosed properties.

Because he did not sell his soul to the devil his personalized plate for his ultimate green transportation is "Albertsons"



<img src="http://farm4.static.flickr.com/3030/3248997320_7130db624a.jpg" alt="" /></blockquote>


I wondered where my jacket went... Hadn't seen it since I sold my condo. Cracker must have lifted it when he was doing his photo reconnaisance!</blockquote>


The missing beers that we all blamed Deuce is actually inside the gray carton.
 
[quote author="halfnote19" date=1239079710]<a href="http://'http://www.irvinehousingblog.com/blog/comments/the-new-real-estate-sales-business-model/'">The New Real Estate Sales Business Model</a></blockquote>


IrvineRenter - It appears you need to explain why you are not using your ideas for real estate sales commissions and instead are using the 6% model which you said is flawed.
 
I have not posted much lately in light of the changes at the IHB. I have a bunch of thoughts on the matter, but I am only willing to share a couple.



1. I was never under the impression that somebody would never try to monetize the IHB, nor did I think it should remain a charity. Zovall and Larry put a bunch of time into the site/blog/forum and have seen almost zero return for it. I'm not going to begrudge a person for trying to make a living.



2. This move wasn't what I expected - in timing, scope, or appropriateness.



3. Paraphrasing Awgee, its also none of my business.



In light of the situation my participation here will also have to change. Brevity has never been my strong suit, but I have nothing else to say.
 
Nothing else to say? Damn, how will I find a bargain when I need milk?

This is truly a tragedy. I will very likely overpay for milk now. How will you

sleep at night?
 
[quote author="awgee" date=1239086966][quote author="halfnote19" date=1239079710]<a href="http://'http://www.irvinehousingblog.com/blog/comments/the-new-real-estate-sales-business-model/'">The New Real Estate Sales Business Model</a></blockquote>


IrvineRenter - It appears you need to explain why you are not using your ideas for real estate sales commissions and instead are using the 6% model which you said is flawed.</blockquote>


I was not going to respond on this thread, but since you are insisting on a response, I will share with you the ideas we are contemplating. This has not received DRE approval which it will require.





[Removed for now]





In my work as a consultant, we go on a billable hours basis. Everyone who works gets paid for the work they do. In realty it is different. You often work without getting paid, so you play the lottery hoping you get paid enough to compensate you for your time when you make a commission. Ultimately, people must get paid for what they do, or they will not do it. Altruism is easier for the independently wealthy. Shevy is not. The outline above is an attempt to synthesize the two approaches.



The retainer structure is the least expensive. It is ideal for someone who knows they are going to buy within one year, does most of their own research, and only needs a realtor to submit a bid. Our offer would be less expensive than Redfin



The non-retainer structure is at the next level. It is more expensive than Redfin but the same cost as Zip Realty. It has the value-added feature of more detailed value analysis. It is designed for people who are probably going to buy, do most of their own research, but do not want to commit money to the transaction.



The typical commission is for everyone else who wants to take their time and look at a large number of properties.







There you have it. Pardon the sales pitch, but you asked for it.
 
[quote author="IrvineRenter" date=1239095500]



There you have it. Pardon the sales pitch, but you asked for it.</blockquote>


You lost me when you started talking about "points"...



Regards,



John Q. Sheeple



P.S. - Deuce, you gotta give me 1% now when I buy...
 
IR, why didn't you pitch this to Deuce ? Sure, Shevy may have approached you with the idea.... (but I actually think you are the brains behind this whole "concept")... but if Shevy did pitch it to you first, why didn't you pit he and Deuce against each other? To at least give Deuce the chance~!



I just think this whole thing is lame. It's kind of like me pretending I was straight, playing up my husband.....only for me to out myself as a lesbian. WTF!
 
A lot of people are ready to buy, so it makes sense. Anyone notice even some of the harder core bears like NSR are "seriously looking?" Notice the new threads such as "how much would you offer?" Let's face it, there are a number of regulars and a large percentage of lurkers who have been on the fence for 5 years and in many parts of the county, they feel like prices and interest rates are finally making a home purchase a totally different story than it was in '04. And, there are more and more properties available today that make sense from an investor perspective.





I'm probably going to get banned at worst, or extrremely bashed at best, but I always liked the forums. I rarely visit the blog as I find it to be poorly written, often disasteful and quite useless. I value a number of regular posters' opinions and thoughts. The uber bears seemed to be the most pissed off as if they think that IR's and Zovall's decision to capitalize here is evil, but frankly, you guys are nuts. I'm sorry, but the median home price is not going to go all the way down to $210K.



Enjoy your forums as these are not going to change and based on today's blog entry, it ain't going to change much either. If you are a regular and you are chomping at the bit, my guess is that you will go to IR2 or possibly Trojan. In case you haven't noticed, the regular forums have been continuing on without any apparent notice of the fact that the IHB has a new acronym.



When it's all said and done, IR is not your RE god. Go on with your lives as you had planned whether that means you were a god awful knife catcher, buying in '09 or waiting for Godot. Frankly, the forum has grown to be much larger than just IR and it will likely remain so. I need to know the price of milk for the week as well as whether the mutins on my windows should be on the inside or outside and that's why I will visit the forums almost daily.
 
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