Comments on: Poll: The real estate business needs more… http://seattlebubble.com/blog/2008/07/20/poll-the-real-estate-business-needs-more/ News & discussion about real estate & the housing bubble in the Seattle area. Sat, 21 Nov 2009 10:02:55 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Big Mike 34 http://seattlebubble.com/blog/2008/07/20/poll-the-real-estate-business-needs-more/#comment-52857 Big Mike 34 Thu, 24 Jul 2008 15:42:01 +0000 http://seattlebubble.com/blog/?p=2177#comment-52857 Old Timer: The real estate market is not just a place to live or an investment...It is both... It is a Place to live 1st.....It is also a place to store money for a later time if you buy wisely and maintain your home. The investment part involves tax savings....and appreciation...vrs ...Just having shelter The ownership part involves owning something that suits you....Something you can improve and change if you wish...If you like gardening or doing handy man work ,,,Owning gives you that opportunity while renting does not. In short ownership allows you to use your home as you wish..to enjoy it as you wish...to change it as you wish... If you are not interested in the ownership part....There are better investments...<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('52857','Big Mike 34',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('52857','Big Mike 34','Old Timer:\r\n\r\nThe real estate market is not just a place to live or an investment...It is both...\r\n\r\nIt is a Place to live 1st.....It is also a place to store money for a later time if you buy wisely and maintain your home. \r\n\r\nThe investment part involves tax savings....and appreciation...vrs ...Just having shelter\r\n\r\nThe ownership part involves owning something that suits you....Something you can improve and change if you wish...If you like gardening or doing handy man work ,,,Owning gives you that opportunity while renting does not. In short ownership allows you to use your home as you wish..to enjoy it as you wish...to change it as you wish...\r\n\r\nIf you are not interested in the ownership part....There are better investments...',''); return false;">Quote</a></div> Old Timer:

The real estate market is not just a place to live or an investment…It is both…

It is a Place to live 1st…..It is also a place to store money for a later time if you buy wisely and maintain your home.

The investment part involves tax savings….and appreciation…vrs …Just having shelter

The ownership part involves owning something that suits you….Something you can improve and change if you wish…If you like gardening or doing handy man work ,,,Owning gives you that opportunity while renting does not. In short ownership allows you to use your home as you wish..to enjoy it as you wish…to change it as you wish…

If you are not interested in the ownership part….There are better investments…

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]]> By: old timer http://seattlebubble.com/blog/2008/07/20/poll-the-real-estate-business-needs-more/#comment-52748 old timer Tue, 22 Jul 2008 22:10:55 +0000 http://seattlebubble.com/blog/?p=2177#comment-52748 For the Joe Avg, like myself, I'd like to see more education about the nature of Real Estate as an investment vs a place to live. When everyone thinks their home is a winning ticket to El Lotto Grande, with cashout nuggets along the way, we get into real trouble. Sure, well located parcels, with good cash flow, will, over time, make some genuine wealth. But putting all your money into the 'sure thing' real estate or otherwise, is almost always a mistake.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('52748','old timer',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('52748','old timer','For the Joe Avg, like myself, I\'d like to see more education about the nature of Real Estate as an investment vs a place to live.\r\nWhen everyone thinks their home is a winning ticket to El Lotto Grande, with cashout nuggets along the way, we get into real trouble.\r\nSure, well located parcels, with good cash flow, will, over time, make some genuine wealth. But putting all your money into the \'sure thing\' real estate or otherwise, is almost always a mistake.',''); return false;">Quote</a></div> For the Joe Avg, like myself, I’d like to see more education about the nature of Real Estate as an investment vs a place to live.
When everyone thinks their home is a winning ticket to El Lotto Grande, with cashout nuggets along the way, we get into real trouble.
Sure, well located parcels, with good cash flow, will, over time, make some genuine wealth. But putting all your money into the ’sure thing’ real estate or otherwise, is almost always a mistake.
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]]> By: jon http://seattlebubble.com/blog/2008/07/20/poll-the-real-estate-business-needs-more/#comment-52681 jon Tue, 22 Jul 2008 04:46:33 +0000 http://seattlebubble.com/blog/?p=2177#comment-52681 Kevin, The problem is that the government has given lenders access to taxpayers' money. Given that mistake, the regulation is essential. Had there been sufficient regulation, we wouldn't have lowlifes like Indymac. Certainly some of the regulation was misdirected, and made the problem worse, but the main problem was either lack of regulation or lack of enforcement. The fraud and everything else was inevitable given the loose controls over taxpayer backed securities.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('52681','jon',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('52681','jon','Kevin,\r\n\r\nThe problem is that the government has given lenders access to taxpayers\' money. Given that mistake, the regulation is essential. Had there been sufficient regulation, we wouldn\'t have lowlifes like Indymac. Certainly some of the regulation was misdirected, and made the problem worse, but the main problem was either lack of regulation or lack of enforcement. The fraud and everything else was inevitable given the loose controls over taxpayer backed securities.',''); return false;">Quote</a></div> Kevin,

The problem is that the government has given lenders access to taxpayers’ money. Given that mistake, the regulation is essential. Had there been sufficient regulation, we wouldn’t have lowlifes like Indymac. Certainly some of the regulation was misdirected, and made the problem worse, but the main problem was either lack of regulation or lack of enforcement. The fraud and everything else was inevitable given the loose controls over taxpayer backed securities.

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]]> By: Ray Pepper http://seattlebubble.com/blog/2008/07/20/poll-the-real-estate-business-needs-more/#comment-52679 Ray Pepper Tue, 22 Jul 2008 04:32:05 +0000 http://seattlebubble.com/blog/?p=2177#comment-52679 As Jack Nicholson said in Batman 1. "This profession needs an enema"........ Well, thats what I heard at least. Ray Pepper Broker www.500Realty.net<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('52679','Ray Pepper',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('52679','Ray Pepper','As Jack Nicholson said in Batman 1. \r\n\r\n\"This profession needs an enema\"........ \r\n\r\nWell, thats what I heard at least.\r\n\r\nRay Pepper\r\nBroker\r\nwww.500Realty.net',''); return false;">Quote</a></div> As Jack Nicholson said in Batman 1.

“This profession needs an enema”……..

Well, thats what I heard at least.

Ray Pepper
Broker
http://www.500Realty.net

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]]> By: Kevin http://seattlebubble.com/blog/2008/07/20/poll-the-real-estate-business-needs-more/#comment-52640 Kevin Mon, 21 Jul 2008 20:02:44 +0000 http://seattlebubble.com/blog/?p=2177#comment-52640 There's a missing option in the survey: less government intervention. There's a great op-ed on just how corrosive the government backing of Fannie Mae and Freddie Mac has been along with affordable housing programs such as Community Reinvestment Act (CRA). Check it out at http://www.forbes.com/opinions/2008/07/18/fannie-freddie-regulation-oped-cx_yb_0718brook.html<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('52640','Kevin',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('52640','Kevin','There\'s a missing option in the survey: less government intervention. There\'s a great op-ed on just how corrosive the government backing of Fannie Mae and Freddie Mac has been along with affordable housing programs such as Community Reinvestment Act (CRA). Check it out at http:\/\/www.forbes.com\/opinions\/2008\/07\/18\/fannie-freddie-regulation-oped-cx_yb_0718brook.html',''); return false;">Quote</a></div> There’s a missing option in the survey: less government intervention. There’s a great op-ed on just how corrosive the government backing of Fannie Mae and Freddie Mac has been along with affordable housing programs such as Community Reinvestment Act (CRA). Check it out at http://www.forbes.com/opinions/2008/07/18/fannie-freddie-regulation-oped-cx_yb_0718brook.html
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]]> By: Chris http://seattlebubble.com/blog/2008/07/20/poll-the-real-estate-business-needs-more/#comment-52634 Chris Mon, 21 Jul 2008 18:41:37 +0000 http://seattlebubble.com/blog/?p=2177#comment-52634 The industry has good transparancy for anyone that takes the effort to do a little reading and research. What it needs is open competition without colusion. As discount brokers gain more market share I think we will start to see more of this. The big name brokerages (Winderemere, John L Scott, CB, etc.) are a racket together, there is no competition with them. Redfin, et al, will make a big difference as long as they are competent and provide reasonable service.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('52634','Chris',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('52634','Chris','The industry has good transparancy for anyone that takes the effort to do a little reading and research. What it needs is open competition without colusion. As discount brokers gain more market share I think we will start to see more of this. The big name brokerages (Winderemere, John L Scott, CB, etc.) are a racket together, there is no competition with them. Redfin, et al, will make a big difference as long as they are competent and provide reasonable service.',''); return false;">Quote</a></div> The industry has good transparancy for anyone that takes the effort to do a little reading and research. What it needs is open competition without colusion. As discount brokers gain more market share I think we will start to see more of this. The big name brokerages (Winderemere, John L Scott, CB, etc.) are a racket together, there is no competition with them. Redfin, et al, will make a big difference as long as they are competent and provide reasonable service.
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