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What is seems to be here is some folks just don't want to pay for a valuable service. They have a choice, hire a pro or do it your self. The amount of money involved in a real estate transaction and the resulting commissions have some people believing that the real estate agents do not deserve to get paid for their services. It also seems they have negative thoughts and feelings of insecurity, fear, and anxiety over the anticipated loss of something that the person values, in this case money.
Isn't it funny to see the same people whine when a deal goes south and how they than blame the buyers or any one else when they screw up themself...
Many are losing their homes and keep blaming every one else, but they all signed the contract and closing papers themself!
As being born abroad and English not being my native language...I read the papers before hand and read articles online to avoid even having to come close to an ARM mortgage.
Nobody can blame anybody else....they are all part of the blame..because many bought due to the fact they thought they could make a fast buck and when that didn't succeed they are now blaming others...
I wonder what their kids will learn and how they will handle the future...I guess they will not learn anything other than playing the blaiming game...cause their parents have told them nothing else.
HA! IF only people WALKED AWAY! That would have been a blow to all these greedy realtors/investors/mortgage lenders etc.....sadly realtors KNEW that ppl are not going to walk away since we DO live in a country where Keeping up with the Jonse's is more important than: COMMON SENSE!
Quote:
Originally Posted by newyorker24
Guess what- I saw plenty of houses just like you described that were worth $100k and listed for $300k. Do you know what I did- walked away and waited! If people were too stupid to understand that the housing market was not going to stay like that forever that is their fault- not mine, not the bank's, not the realtor's, and not the government's.
But some of us were responsible and waited. It's not like you HAD to be buy a house or you were going to be homeless. We simply lived in a nice apartment and meanwhile saved more money for our down payment (OMG what are those?). I am in total agreement with you on this! Luckily we've already found it wasn't worth it to us to own here and so we stayed away and watched this mess happen!
My husband and I kept saying it- that we knew it was going to go bust. Why? Because a lot of people we knew, who made less money than us, were buying houses costing twice as much as what we thought we could reasonably afford. We knew there was no way that your average family around here could actually afford to buy those $300-400k 4/2/2 houses they were buying. My husband works in RE (not a realtor) and said this will happen too back in 2004...he could SEE it at his office...
So once again- stop blaming EVERYONE ELSE for your stupid decisions! Tell this to the rest of the US population, half undocumented, that were also part of this mess and that RE's were counting on....I told you, my husband saw this happen first hand at his office.
HA! IF only people WALKED AWAY! That would have been a blow to all these greedy realtors/investors/mortgage lenders etc.....sadly realtors KNEW that ppl are not going to walk away since we DO live in a country where Keeping up with the Jonse's is more important than: COMMON SENSE!
You still don't get it...you are still awarding people who signed without a gun to their head....
You want them to walk away...that is your socialist, communist background speaking...let other people pay for the stupidness of the person signing the contract!
Btw Romenia is still not the same capitalist Country as most other countries....it is still like many other European countries a socialist orientated country.
In one post you state drs make too much, now its a different story.
RE's arent ripping off anyone. The seller pays for a service. Just like anything else where expertise is required.
What the heck does a retail store employee have to do with this thread?
Talk about going off topic.
People not paid what they are worth? Then they should change jobs or fields.
Anti real estate, anti employers, anti anything where someone is exercising their pursuit of happiness.
Now the price of gas comes into the equation. Think of how much gas a Real Estate agent burns driving house hunters around everyday.
Offer your services for free? Maybe what ever it is you do isn't in much demand or you aren't the best at it.
Quote:
Originally Posted by algia
Please don't compare apples and oranges, a lawyer or a doctor do have years of schooling behind it, most ppl working at Office Depot don't. It costs $300 to become a realtor! OK.
(Romania is NOT socialist, once again OFF topic, check your facts, it is a Democrat Republic)
and again, buyers or sellers are being ripped off by REs and their %ages.
Gas costs the same for all, but most ppl don't make 10k in one day and no, ppl are not paid what they are worth, they USED too a long time ago, nowadays I am asked to offer my services for free and employers don't rush with the raises to pay ppl for what they are worth.
Absolute insanity. Greedy realtors/investors/mortgage lenders? Common sense? Be nice if you posted something with common sense in your position.
Real estate is a commodity. The price fluctuates with supply and demand. Demand causes an increase in prices. Not real estate agents. Not lenders. Investors are doing what investors do. They try to buy low and sell high. Just like the stock market or any other commodity market. It is how money is made. Some commodity investments do really well, some don't.
How about the sellers? Are they also greedy? No. They want the best price for their property. No matter what someone is selling, be it a car, a house, a piece of jewelry, what ever, the seller wants the best price.
If a seller offers a home at $1mil and someone pays $1mil, then that is going to affect the future sales of all property in that market. Just as if someone sold anything else. The price is worth what someone else is willing to pay for it. If others are paying X amount for the same thing you are wanting to sell, what are you going to do? Take the lowest price offered or are you going to hold out to get the best price?
As far as "keeping up with theJonse's (sic), we have this concept in America, its called "The American Dream. A lot of people wanted to be home owners as the price of real estate escalated and continued to escalate. Supply and demand came into the picture. Builders answered the demand by building more housing. People were buying. Builders are in the business to build homes and sell them to people who want them. They took the chance that their investment in the land and the buildings they built would increase in value. The buyers wanted to live the American Dream like everyone else. Nobody forced them to get into the real estate market, nobody forced them to take on debt and risks beyond their capabilities. They just wanted a piece of the American Dream. Yes, lenders made mistakes, buyers made mistakes, sellers did very well. Lenders make money by offering loans. Obviously loaning large sums of money to people who lied on their loan applications was a mistake, but lenders felt they could not go wrong because if the debtor defaulted, they had the property which, as everyone else, thought would be worth more in time. Maybe it will, maybe it won't. They took a gamble.
Stop blaming the people who simply were there to facilitate what others wanted. It's like blaming the supermarket for the higher costs of Tomatoes.
Now that is common sense.
Quote:
Originally Posted by algia
HA! IF only people WALKED AWAY! That would have been a blow to all these greedy realtors/investors/mortgage lenders etc.....sadly realtors KNEW that ppl are not going to walk away since we DO live in a country where Keeping up with the Jonse's is more important than: COMMON SENSE!
I agree with you there. If prices of real estate stayed high and the economy didn't tank, this wouldn't be a matter of discussion. Oh, yeah, I guess it might be by some people here. The ones who would say that people who were able to buy a home ripped off everyone else who couldn't and that everyone should have the same opportunity to live The American Dream.
That was what caused a lot of this mess. Everybody, regardless of income or ability to accept the financial responsibility wanted to buy a home. They lied, they cajoled and did what ever was necessary to get that home. Opps. Economy tanks. They lost jobs, lost income. Now they want out of the deal. The house they bought isn't worth as much as the amount owed on it. Big deal. You bought it, you're going to live in it, so whats the difference if the monetary value at the present time is lower than it was when you bought it.
It's called personal responsibility and a lot of people have shown that they lack that trait.
People have been playing the "blame game" for too long. "It wasn't my fault, my dad beat me when I was a kid", "It wasn't my fault, my friends told me to do it". "It wasn't my fault, I got involved in drugs and that lead me to commit the crime".
Quote:
Originally Posted by bentlebee
Isn't it funny to see the same people whine when a deal goes south and how they than blame the buyers or any one else when they screw up themself...
Many are losing their homes and keep blaming every one else, but they all signed the contract and closing papers themself!
As being born abroad and English not being my native language...I read the papers before hand and read articles online to avoid even having to come close to an ARM mortgage.
Nobody can blame anybody else....they are all part of the blame..because many bought due to the fact they thought they could make a fast buck and when that didn't succeed they are now blaming others...
I wonder what their kids will learn and how they will handle the future...I guess they will not learn anything other than playing the blaiming game...cause their parents have told them nothing else.
Exactly. And realtors, agents, mortgage lenders, and nobody else but the sellers have anything to do with it.
Quote:
Originally Posted by newyorker24
If people hadn't purchased those homes for twice as much as they were worth the prices would have gone down. It's economics. If you list $100k houses for $300k and people buy them, guess what- now they really are worth $300k and everyone around you will sell theirs for that much as well. But if you list yours for $300k and no one buys it, you are forced to lower the price.
The problem was that everyone else was buying a house, heck some even had multiple houses, and you felt inferior if you didn't go out and buy one too. And don't give me that BS about realtors. Of couse if all the houses in your area are selling for $300k and you have a $100k budget everything they show you is going to be out of your range, but if that is the case stop looking for a house. When the market started to go down and I was looking for houses under $200k the realtor showed me plenty of them. That's like going to a BMW dealership and asking them to show you a new $20k car- not going to happen.
You wont find many that wont get both percentages, 3% from the buyer and seller so they get 6% total, that is because realtors almost exclusively just show homes that their company is listing. Realtors are crooked and contributed to the collapse
You are delusional.
When I was in the business I showed houses my buyers were interested in, it didn't matter who had the listing.
As for blaming Realtors for the collapse and calling them crooked, could you please present even a shred of proof for your statement, I highly doubt it.
Yeah, true. I am yet to see any "profession" that pays as much... The ratio of effort-to-amount_received is way too small.
I guess I will talk to some Realtors and ask them if they will list/show/sell for a flat fee - which will be a generous amount, but not equal to 3% of 575K.. probably for a flat fee of 10K is the max I am willing to pay them for their 'effort'.
You haven't seen any profession pay $40,000 a year? Where do you live.
Just sell it yourself, that will cost you nothing
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