tag:blogger.com,1999:blog-13164186.post115879965018252173..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Is There a Realtor Bubble?Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-13164186.post-1159108719066440522006-09-24T10:38:00.000-04:002006-09-24T10:38:00.000-04:00This chart depicts the magnitude of the bursting b...This chart depicts the magnitude of the bursting bubble we are up against.<BR/>It is getting worse and worse. Toxic shock.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158943878412152232006-09-22T12:51:00.000-04:002006-09-22T12:51:00.000-04:00I walked into the bathroom at law school and there...I walked into the bathroom at law school and there was a picture of two easy-on-the-eyes females promoting their staunch real estate broker practice. <BR/><BR/>Hum...if you need to put an ad in the law school john, there might be a realtor bubble.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158871642937863332006-09-21T16:47:00.000-04:002006-09-21T16:47:00.000-04:00Looks like previous dips in realtors coincide with...Looks like previous dips in realtors coincide with dips in housing. Hmmmmm!kbr7171https://www.blogger.com/profile/09062693316319841183noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158864622642419302006-09-21T14:50:00.000-04:002006-09-21T14:50:00.000-04:00The bubble is about to pop on using the word "bubb...The bubble is about to pop on using the word "bubble". Oil, housing, bubble articles, internet stocks, gold, all commodities. But, we have always had an oversupply of realtors. (I'm a realtor)<BR/>==========================<BR/>I am not looking for the housing market to suddenly turn back up on a dime. Too much inventory to work through. Some of that inventory will drop off as sellers cancel their listings (or they expire) as they were unable to sell at prices that are no longer available. These are the ones who didn't have to sell, didn't have to move, didn't have a bad mortgage to refinance, but were willing to sell at inflated prices and didn't pull it off.Larryhttps://www.blogger.com/profile/00013352939394848216noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158860284601412702006-09-21T13:38:00.000-04:002006-09-21T13:38:00.000-04:00Well it looks like there may be some chart 'suppor...Well it looks like there may be some chart 'support' between 600,000 and 800,000..bubble_watcherhttps://www.blogger.com/profile/09754629981220575364noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158857127643218632006-09-21T12:45:00.000-04:002006-09-21T12:45:00.000-04:00Here is a quote from the Wall Street Journal last ...Here is a quote from the Wall Street Journal last year:<BR/><BR/>"To be sure, evidence abounds of a manic, overheated market in many places. A recent letter to the Wall Street Journal proudly proclaimed that '1.2 million Americans are Realtors,' which according to Labor Department data means <B>they now outnumber doctors , police officers, bartenders, and even lawyers</B>."<BR/><BR/>'Nuff said.John Fontainhttps://www.blogger.com/profile/00246801870171720131noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158851754627575372006-09-21T11:15:00.000-04:002006-09-21T11:15:00.000-04:00lance opined: "It looks like someone forgot that r...lance opined: "It looks like someone forgot that real estate agents are sales people ... pure and simple. If you're going to them expecting financial advice, you have far greater problems than even a financial advisor can solve. "<BR/><BR/>Having been to many an open-house around DC in the last nine months, I can't tell you how many Realtors(R) have eagerly told me about how an ARM or interest only loan can solve my problems of not being able to afford a house. If they're not financial advisors then they shouldn't be pushing financial advice!sc in dchttps://www.blogger.com/profile/13511855454552985881noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158851274452070742006-09-21T11:07:00.000-04:002006-09-21T11:07:00.000-04:00I believe 6:42 AM misunderstood Grim's point: i.e....I believe 6:42 AM misunderstood Grim's point: i.e., that there are essentially no barriers to entry to becoming a RE salesman -- hence, the dramatic effect on "employment" numbers.Bobhttps://www.blogger.com/profile/11106164237354370049noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158850859923840922006-09-21T11:00:00.000-04:002006-09-21T11:00:00.000-04:00In order to gauge the severity of the looming rece...In order to gauge the severity of the looming recession*, it would be useful to know how many of those realtors are full-time, and how many are doing it for some supplemental income. Does anyone have any idea of the proportions?<BR/><BR/>* Housing bubbles aside, I think we really need to start worrying about -- and getting vocal about -- administration intentions toward Iran. It is looking more and more likely that they're planning a reckless adventure that will make our Iraqi debacle look wise. I know all the arguments for why they <I>won't</I> launch military operations against Tehran -- insufficient troops, severe economic consequences, and so forth. But I see little evidence that this government pays much attention to external reality.<BR/>-- sgloverAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158848923503116062006-09-21T10:28:00.000-04:002006-09-21T10:28:00.000-04:00There was a recent article in Business Week about ...There was a recent article in Business Week about the bubble of health care workers in the United States. <BR/><BR/>The difference between real estate and the health care industry is that one is running on fumes while the other is raping the American public out of their savings accounts. <BR/><BR/>Oh hell...what's the difference.ihateyuppieshttps://www.blogger.com/profile/14656529543240441687noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158847590503997482006-09-21T10:06:00.000-04:002006-09-21T10:06:00.000-04:00Unfortunately someone has to be left holding the b...Unfortunately someone has to be left holding the bag.<BR/><BR/>I just hope that we don't crash and flood the market with labor quickly since we don't have large amounts of decent jobs. I am also curious as to the loss of buying power that graph represents if it falls to a normal level. <BR/><BR/>Even so it is all very depressing and if things do become a serious mess I hope we can pull together instead of fight each other for survival. Between the fed and the rich globalizing labor we could be in for a rough ride politically and economically.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158846134233527922006-09-21T09:42:00.000-04:002006-09-21T09:42:00.000-04:00Grim said:"Harder to become a hair stylist".It loo...Grim said:<BR/>"Harder to become a hair stylist".<BR/><BR/>It looks like someone forgot that real estate agents are sales people ... pure and simple. If you're going to them expecting financial advice, you have far greater problems than even a financial advisor can solve.Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1158833144020774782006-09-21T06:05:00.001-04:002006-09-21T06:05:00.001-04:00Perhaps this might be why:Harder to become a hair ...Perhaps this might be why:<BR/><BR/><A HREF="http://njrereport.com/index.php/2006/05/06/harder-to-become-a-hair-stylist-in-new-jersey/" REL="nofollow">Harder to become a hair stylist</A><BR/><BR/>grimgrimhttps://www.blogger.com/profile/13862618509466218087noreply@blogger.com