[quote author="staggerlee"]
[quote author="bltserv"]I got a feeling our old friends over at IHB are going to be surfing here and not be getting a very warm and fuzzy feeling when all is said and done. The boys could have played this whole thing very differently. But the little "Greed" button went off in their brains and blinded them when the IHB website and all of our hits created a perceived opportunity to cash in. I know its tough times. But just about every business decision I have seen them make has been either poorly conceived, poorly executed, or just really WTF were you guys thinking.[/quote]
Just for starters, I would have asked the RE and mortgage professionals already on the forums to meet and discuss possible business plans, with the intention of creating a brokerage, and inviting them to join. Then I would have used to blog's reputation for critical assessment or listings to showcase the firm's desire to help people save money, showing recent closed sales that fell within the firm's guidlines. Finally, I would have reached out to the community at large and offered bounties on listings that were a)priced attractively, b) forwarded to the firm, and c) sold through one of the firm's agents, turning potentially everyone on the forums into a scout working for a small commission.
Instead, they are systemically reducing their customer base and ruining their brand's reputation. Fundamental stupidity is not a good attribute for business. If they do actually close the forums, they will squander their last advantage in the marketplace.[/quote]
Ummm, that attempt was already made without much success on their part...just like BLT said, they were too greedy. Take a read at my post on the other thread:
http://www.talkirvine.com/index.cgi?board=general&action=display&thread=15&page=2