Housing Analysis

[Kenkoko]

Shrug. Is it?  Aren?t they both transactions?
Isn?t nitpicking the phrase ?congrats to both the buyer and seller? ?pathetic??  Isnt it just something people say without really thinking about winning and losing?
Many people are proud to be homeowners. Isn?t that enough to warrant a congrats?

I am perfectly fine with regular people saying these things. I would expect a licensed professional to do better.
The discussion was about realtor shills, it fit right in hardly nitpicking.
The real estate profession has so many problems / conflict of interests that I wouldn?t need to nitpick.

Maybe you consider your marriage to be a transaction. I certainly do not consider mine as one. *Shrug*

 

[Liar Loan]

Shrug. Is it?  Aren?t they both transactions?
Isn?t nitpicking the phrase ?congrats to both the buyer and seller? ?pathetic??  Isnt it just something people say without really thinking about winning and losing?
Many people are proud to be homeowners. Isn?t that enough to warrant a congrats?

I am perfectly fine with regular people saying these things. I would expect a licensed professional to do better.
The discussion was about realtor shills, it fit right in hardly nitpicking.
The real estate profession has so many problems / conflict of interests that I wouldn?t need to nitpick.

Maybe you consider your marriage to be a transaction. I certainly do not consider mine as one. *Shrug*

A realtor's job is to market homes.  Making buyers and sellers feel good is a part of that marketing.  Saying "congratulations" is something car salesman and timeshare salesmen also say.  It doesn't mean they are endorsing your purchase or sale as a smart financial decision.

 

[irvinebullhousing]

Shrug. Is it?  Aren?t they both transactions?
Isn?t nitpicking the phrase ?congrats to both the buyer and seller? ?pathetic??  Isnt it just something people say without really thinking about winning and losing?
Many people are proud to be homeowners. Isn?t that enough to warrant a congrats?

I am perfectly fine with regular people saying these things. I would expect a licensed professional to do better.
The discussion was about realtor shills, it fit right in hardly nitpicking.
The real estate profession has so many problems / conflict of interests that I wouldn?t need to nitpick.

Maybe you consider your marriage to be a transaction. I certainly do not consider mine as one. *Shrug*

A transaction sounds like a thing you do over and over again and again as long as you think at the tiime it was beneficial or money / goods change hands. Marriage, I hope doesn?t fall into this repetitive modes. But then again look at Sza Sza Gabor.

 

[bones]

Shrug. Is it?  Aren?t they both transactions?
Isn?t nitpicking the phrase ?congrats to both the buyer and seller? ?pathetic??  Isnt it just something people say without really thinking about winning and losing?
Many people are proud to be homeowners. Isn?t that enough to warrant a congrats?

I am perfectly fine with regular people saying these things. I would expect a licensed professional to do better.
The discussion was about realtor shills, it fit right in hardly nitpicking.
The real estate profession has so many problems / conflict of interests that I wouldn?t need to nitpick.

Maybe you consider your marriage to be a transaction. I certainly do not consider mine as one. *Shrug*

I missed the part where you said you hate when realtors say it.  Oops. Anyway, so since you?re so anti realtor, do you FSBO? And not use one when buying?

In terms of marriage being a transaction, it most certainly a social transaction and I would argue it?s an economic one too and not much different than RE. There?s a courtship, an offer (engagement), an inspection (debt, awful MIL?, job, etc), a written contract (prenup if there is one), a verbal contract (vows) and a closing (wedding).  And sometimes you live in the home forever and ever and sometimes you don?t (divorce). 

 

[Kenkoko]

A realtor's job is to market homes.  Making buyers and sellers feel good is a part of that marketing.  Saying "congratulations" is something car salesman and timeshare salesmen also say.  It doesn't mean they are endorsing your purchase or sale as a smart financial decision.

I agree and understand. That?s how it works in the real world.

But unlike car salesmen and timeshare salesmen, realtors get a boost in credibility because they get to do it as licensed professionals.

I am in healthcare. My colleagues and I sometimes joke about how much easier our jobs would be if we get to do stretch the truth (or provide outright false info) and can cover our asses by putting down ?patient to verify?

 

[Kenkoko]

I missed the part where you said you hate when realtors say it.  Oops. Anyway, so since you?re so anti realtor, do you FSBO? And not use one when buying?

In terms of marriage being a transaction, it most certainly a social transaction and I would argue it?s an economic one too and not much different than RE. There?s a courtship, an offer (engagement), an inspection (debt, awful MIL?, job, etc), a written contract (prenup if there is one), a verbal contract (vows) and a closing (wedding).  And sometimes you live in the home forever and ever and sometimes you don?t (divorce).

Bones, I do not think I am anti realtor. I explained why in my response to IHO. If you care, you can look them up.

Prior to 2016, I had always used a close family member as my realtor. Not because he was great, but I mostly bowed to enormous family pressure. I was the first one in my extended family to use an outside realtor and caught hell for it. (even interviewed with USC to list our property) Being in a FOB family has its pros and cons. He had served pretty much everyone in my extended family for over a decade until we found out he was cheating on multiple transactions. He had just gone through a bitter divorce and his ex-wife basically ratted him out. I really got to see how shady the RE business can be.

I don't quite see marriage the way you do. I don't even believe in breaking it into pieces for analytics. It's fine that you see it as a transaction. I just see it as a choice.

 

[Liar Loan]

So I guess I was right with the slowdown in Real Estate sales and now Rentals.

Tell me something that is not in the news. low blow,,,ouch  8)

I think I was the first on TI to talk about the Rental slowdown.

You pasted a link to a Bloomberg article with no commentary of your own.  Is that what you want credit for?

 

[eyephone]

So I guess I was right with the slowdown in Real Estate sales and now Rentals.

Tell me something that is not in the news. low blow,,,ouch  8)

I think I was the first on TI to talk about the Rental slowdown.

You pasted a link to a Bloomberg article with no commentary of your own.  Is that what you want credit for?

And you don?t copy paste articles? (This guy)

 

[Liar Loan]

So I guess I was right with the slowdown in Real Estate sales and now Rentals.

Tell me something that is not in the news. low blow,,,ouch  8)

I think I was the first on TI to talk about the Rental slowdown.

You pasted a link to a Bloomberg article with no commentary of your own.  Is that what you want credit for?

And you don?t copy paste articles? (This guy)

The difference is I don't ask others for accolades when I do so.

 

[fortune11]

So I guess I was right with the slowdown in Real Estate sales and now Rentals.

Tell me something that is not in the news. low blow,,,ouch  8)

I think I was the first on TI to talk about the Rental slowdown.

You pasted a link to a Bloomberg article with no commentary of your own.  Is that what you want credit for?

And you don?t copy paste articles? (This guy)

The difference is I don't ask others for accolades when I do so.

No you just call others ?trolls ? when you have nothing original to add and are losing an argument . Or maybe ?racist ? when all else fails .

How is your  bond bubble coming along ?  Has it burst yet ? Should I be worried and take shelter from the fallout ?

Yeah right ...

 

[irvinehomeowner]

@eyephone:

I've asked this previously but maybe you missed it.

Can you tell us how much % slowdown and for how long?

 

[eyephone]

@eyephone:

I've asked this previously but maybe you missed it.

Can you tell us how much % slowdown and for how long?

I think it?s a wait and see approach. (See what happens in 2019 Q1 to Q2)

Cue the music. I just read an article Zillow says buyer
market in 2020.
https://www.google.com/amp/s/www.zillow.com/research/2020-buyers-market-21145/amp/

 

[Mety]

eyephone: The music is slowing down for RE and there might be price drops next year or so.

meccos12: Market top this year and things are coming down.

Kenkoko: Noticing slow-down as well and screw those realtors (only the bad ones)

irvinehomeowner: Buy now if you can. Just tell me I'm sexy.

bones: Marriage is like a RE transaction.

fortune11: Just blame Trump.

Liar Loan: No, I blame you!

Burn that Belly: x

YellowFever: .

Does this pretty much sum it up?



-For entertainment purposes only.

 

[fortune11]

Mety ? I know you meant it in jest , but please don?t malign my near immaculate forecasting record on this forum when it comes to things that actually matter

- when mortgage experts were panicking about bond bubble and rates blowing up months ago , I explained why they won?t break out of their established channel . People tried to refute it with gifs and pics and curses , but I was proven right

- I have been a strong proponent of the strength of Irvine housing even if there is a temporary slowdown as correctly caught by eyephone

- I recommended buying stocks when interest rates caused a panic back in feb ? and explained logically why ? as opposed to all the maga duds here whose only formula is to buy stocks because trump is in power . When it comes to $$ , I don?t mix any politics

- has anyone here explained the trade related stuff better than I have (posting throwaway links doesn?t count )

- I can on and on but since I have now painted a target on my back , I will stop here

 

[irvinehomeowner]

@eyephone:

I've asked this previously but maybe you missed it.

Can you tell us how much % slowdown and for how long?

I think it?s a wait and see approach. (See what happens in 2019 Q1 to Q2)

Cue the music. I just read an article Zillow says buyer
market in 2020.
https://www.google.com/amp/s/www.zillow.com/research/2020-buyers-market-21145/amp/

So then I still don?t see how this is different from previous years.

A weatherman doesn?t just say it?s going to rain but also when and how much.

 

[irvinehomeowner]

irvinehomeowner: Buy now if you can. Just tell me I'm sexy.

Finally you get me.

 

[nosuchreality]

National housing market.  ROFLMAO.

 

[usctrojancpa]

I missed the part where you said you hate when realtors say it.  Oops. Anyway, so since you?re so anti realtor, do you FSBO? And not use one when buying?

In terms of marriage being a transaction, it most certainly a social transaction and I would argue it?s an economic one too and not much different than RE. There?s a courtship, an offer (engagement), an inspection (debt, awful MIL?, job, etc), a written contract (prenup if there is one), a verbal contract (vows) and a closing (wedding).  And sometimes you live in the home forever and ever and sometimes you don?t (divorce).

Bones, I do not think I am anti realtor. I explained why in my response to IHO. If you care, you can look them up.

Prior to 2016, I had always used a close family member as my realtor. Not because he was great, but I mostly bowed to enormous family pressure. I was the first one in my extended family to use an outside realtor and caught hell for it. (even interviewed with USC to list our property) Being in a FOB family has its pros and cons. He had served pretty much everyone in my extended family for over a decade until we found out he was cheating on multiple transactions. He had just gone through a bitter divorce and his ex-wife basically ratted him out. I really got to see how shady the RE business can be.

I don't quite see marriage the way you do. I don't even believe in breaking it into pieces for analytics. It's fine that you see it as a transaction. I just see it as a choice.

If you don't mind sharing, I'd love to find out how he was cheating on multiple transactions...you can PM me if you want to keep it private.

 

[Kenkoko]

If you don't mind sharing, I'd love to find out how he was cheating on multiple transactions...you can PM me if you want to keep it private.

I don?t mind sharing. Not going to reveal his identity so let?s call him Ahole.

The biggest one was a probate sale. One of my uncles had passed away unexpectedly without a will so his properties went through probate. We found out through Ahole?s ex-wife and the electronic records she took from Ahole's computer that the executor (son of the deceased uncle) colluded with Ahole and Ahole?s partner (another RE broker) and sold for much below market. They had it for so low that it was blocked by the probate court the first time. They were eventually able to get it through. They got large cash kickbacks from the buyer. This crazy BS created a big rift in my extended family and some relationships may be forever strained.  :'(

We also found out that a lot of the properties he sold for family the highest offers were not presented. He would then play dual agent and double up his commission. There was one case where he didn?t get to play dual agent but sold the house to the buyer for 35K less in exchange for the buyer using him on a subsequent deal.

Ahole secretly ran a short-term rental for almost a year using one of my relative?s vacation home in LA that Ahole was supposed to list/sell. Ahole also managed almost every single one the investment properties for my extended family. He would create fake invoices for large repairs.

In 2016, Ahole wanted to list my investment property for 375k. I felt it was low and I was already reluctant to use him prior to that. So I decided to use an outside realtor despite enormous family pressure. It sold for 494k.

 

[usctrojancpa]

If you don't mind sharing, I'd love to find out how he was cheating on multiple transactions...you can PM me if you want to keep it private.

I don?t mind sharing. Not going to reveal his identity so let?s call him Ahole.

The biggest one was a probate sale. One of my uncles had passed away unexpectedly without a will so his properties went through probate. We found out through Ahole?s ex-wife and the electronic records she took from Ahole's computer that the executor (son of the deceased uncle) colluded with Ahole and Ahole?s partner (another RE broker) and sold for much below market. They had it for so low that it was blocked by the probate court the first time. They were eventually able to get it through. They got large cash kickbacks from the buyer. This crazy BS created a big rift in my extended family and some relationships may be forever strained.  :'(

We also found out that a lot of the properties he sold for family the highest offers were not presented. He would then play dual agent and double up his commission. There was one case where he didn?t get to play dual agent but sold the house to the buyer for 35K less in exchange for the buyer using him on a subsequent deal.

Ahole secretly ran a short-term rental for almost a year using one of my relative?s vacation home in LA that Ahole was supposed to list/sell. Ahole also managed almost every single one the investment properties for my extended family. He would create fake invoices for large repairs.

In 2016, Ahole wanted to list my investment property for 375k. I felt it was low and I was already reluctant to use him prior to that. So I decided to use an outside realtor despite enormous family pressure. It sold for 494k.

Wow, I hope you reported him and that he is no longer a realtor.  How does that a-hole live with himself?  I'm sorry that you and your family had to deal with him.