Friday, March 07, 2008

A Recent Realtor Ad

A Recent National Assocation of Realtor Ad




A Realtors' Response: Half truths and blanket statements
Posted by David at 11:55 AM

19 comments:

  1. AnonymousMarch 08, 2008 5:40 PM

    Thou shall not bear false witness!

    ReplyDelete
  2. UnknownMarch 08, 2008 5:52 PM

    I like the last line:
    "every market is different, call a realtor today!"

    I guess the market in fantasy land is a lot different than the real world. No chance Im calling a realtor "today" thats for sure.....maybe next year or even the year after.

    ReplyDelete
  3. LanceMarch 09, 2008 9:59 AM

    David,

    Here's an article from The Current worthy of your featuring:

    "It ain't Manhattan, but ...

    The Downtown Business Improvement District has issued a snapshot of who's buying all those condos in the heart of the city.

    It's a mini-Manhattan.

    The survey shows that 70 percent of the nearly 800 respondents earn incomes of $100,000 or more, and 42 percent earn over $150,000. The breakdown is 55 percent female, 45 percent male.

    Forty-two percent ofthe respondents are 25 to 34 years old, younger than you might have expected.

    The numbers come from:

    downtowndc.org/survey

    ReplyDelete
  4. AnonymousMarch 10, 2008 10:15 AM

    "The numbers come from:

    downtowndc.org/survey"


    -----------------------------

    Ahh yes, the numbers come from the brewers of the Kool Aid. Drink up, everyone! We'll have our own little Jonestown with Pastor "lance."

    And S Street is Park Avenue, right "lance?" hahahahahahahaha

    ReplyDelete
  5. AnonymousMarch 10, 2008 11:51 AM

    I just put in an offer for a 2900 sq ft home in Spotsylvania county, Va. VERY desirable neighborhood. 4 beds up, 3 1/2 baths, large eat in kitchen, formal dining room, living room family room on the main level, plus another family room a complete laundry room, and two additional rooms in the basement.

    $237000. It's a foreclosure

    ReplyDelete
  6. LanceMarch 10, 2008 12:17 PM

    anon said:
    "Ahh yes, the numbers come from the brewers of the Kool Aid. Drink up, everyone!"

    Yep, that's right. I guess FACTS are hard to accept when they don't fit in with your imagined scenario. It's just easier to pretend no one can actually afford those places, so the prices will have to go down ... and you'll get one of those places for nothing.

    You know, it's not like you don't have a choice. It's just that you've chosen not to face reality and deal with things as they are.

    ReplyDelete
  7. AnonymousMarch 10, 2008 5:09 PM

    "It's just that you've chosen not to face reality and deal with things as they are."

    -------------

    The reality is your house is now worth less than what you paid for it.

    ReplyDelete
  8. AnonymousMarch 10, 2008 5:09 PM

    You know, it's not like you don't have a choice. It's just that you've chosen not to face reality and deal with things as they are.


    we all have choices and right now i can buy a house for $150K LESS than i could have 18 month's ago and the REAL declines haven't even started yet.

    ReplyDelete
  9. AnonymousMarch 10, 2008 6:22 PM

    Lance's latest:

    "Yep, that's right. I guess FACTS are hard to accept when they don't fit in with your imagined scenario."

    http://www.downtowndc.org
    /programs
    /economic_development
    /survey

    Speaking of imagined scenario, if you read the survey itself the responses came from households, but there is no indication that those household responders OWN a house.

    The survey deals with income levels and shopping habits, not houses owned.

    ReplyDelete
  10. AnonymousMarch 10, 2008 6:24 PM

    Almost forgot to mention this-
    household does not mean house owner.

    ReplyDelete
  11. AnonymousMarch 10, 2008 6:27 PM

    From the survey...

    Only 10% of Downtown residents shop for groceries Downtown.... 41%travel to Virginia.

    ReplyDelete
  12. AnonymousMarch 10, 2008 8:50 PM

    We do have too many "luxury" units chasing too few 32-year-old millionaires. That's true in Baltimore, and it's true in D.C. But it's not because the 32-y-o millionaires can't afford to buy all those condos--they can. They have! They just can't LIVE in them all. And the rest of us can't afford their price.

    ReplyDelete
  13. LanceMarch 10, 2008 11:21 PM

    "Anonymous said...
    "We do have too many "luxury" units chasing too few 32-year-old millionaires. ... And the rest of us can't afford their price."

    Funny, from what the survey reveals they are buying these places. Not that $100,000/yr or even $150,000 a year qualifies one as a "millionaire". These are just average professional people earning average professional salaries. And as the DC area continues to grow in international importance, their number will too.

    ReplyDelete
  14. LanceMarch 10, 2008 11:24 PM

    "The reality is your house is now worth less than what you paid for it."

    Nah ... it's worth some 50% more than I paid for it. ... per Zillow.com AND per (unfortunately) the tax assessor.

    ReplyDelete
  15. AnonymousMarch 11, 2008 12:30 PM

    "Nah ... it's worth some 50% more than I paid for it. ... per Zillow.com AND per (unfortunately) the tax assessor."

    Riiiiggghhhhttt.....you'd not even get what you paid if you tried to sell it. That is a fact, no matter how bad the assessor is bending you over to pay for what the city's employees steal.

    ReplyDelete
  16. AnonymousMarch 11, 2008 11:52 PM

    1825 16th St. NW Original Listing Price: $2.395 million
    (May 28, 2007)
    Closing Price: $1.85 million
    (Jan. 31, 2008)
    Slash Rate: 23 percent
    Square Footage: 5,500

    "Unfortunately, in this market, with this type of home, there aren’t going to be many serious buyers, says listing agent David Bediz of Coldwell Banker Residential Brokerage in Dupont Circle. “In the beginning, it’s going to be one person that sees it one week, and one the next week—that are actually qualified to buy it,” he says.'

    http://www.washingtoncitypaper.com/display.php?id=34686

    ReplyDelete
  17. AnonymousMarch 12, 2008 12:57 AM

    Lance is back to the "Arnold & Porter associates/GS-15's are gonna save the day" meme. I've been gone for some time and I'd been missing it. See, I spend most of my time in NY and have been watching the drift down on DC places while we sit on the massive profit from selling our SFH in late 2005. Thankfuly Lance has set me straight again.


    Jerkstore

    ReplyDelete
  18. AnonymousMarch 14, 2008 7:55 PM

    If one is active on a day-to-day basis and looks for property in the most sought-after parts of DC.....there are no deals to be had. Prices are firm.

    Those who claim otherwise sit on the sidelines and gesture.

    Maybe things will get worse, but that talk has been going on for two years.

    Maybe Lance is right. Real Property is real property b/c each one is unique.

    It ain't a paper stock.

    ReplyDelete
  19. AnonymousMarch 17, 2008 4:32 PM

    If one is active on a day-to-day basis and looks for property in the most sought-after parts of DC.....there are no deals to be had. Prices are firm.

    Those who claim otherwise sit on the sidelines and gesture.

    Maybe things will get worse, but that talk has been going on for two years.

    Maybe Lance is right. Real Property is real property b/c each one is unique.

    It ain't a paper stock.

    ---------------------------------

    I am on it every day watching in very nice areas. The only stuff moving are super nice places that just come on line or deals that appear and are gone quickly. The "firm" prices in those nice areas have been sitting and will continue to sit.

    ReplyDelete

Subscribe to: Post Comments (Atom)