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  • Rain City Mortgage Rates (17)
    • synthetik: ALERT: if you are planning on closing a mortgage with loan amounts of $417,001-$567,500 by the end of the year, you are a freaking moron. Deflation folks....
    • ARDELL: Sorry, thought sampai’s comment was on my post where we were talking about his condo post. Didn’t mean to hijack your post, Rhonda :) I’m a...
    • Kary L. Krismer: Ardell, re #13, if that was in response to #10, what I was referencing was rapid appreciation over a short period of time, not absolute value. If...
    • Rhonda Porter: If your loan amount is over the conforming limits of $506k, you may be better off with a small local bank or credit union–there still is not a...
  • $7,500 1st Time Buyer “Credit” is a LOAN (33)
    • Kristi: I have a question, If we purchase a home and close on February 6, 2009 when will we recieve the $7,500? Right away, not until we file our 2009 taxes?
  • Did the recent market shift affect Hitler too? (28)
    • Kary L. Krismer: I don’t listen to enough of those people to know. Maybe Rogers? The problem is you need someone that’s consistently one position to...
    • Eleua: KLK, Would you care to name a particular “broken clock?”
    • Alan: Take a look at these quotes from Taleb: http://www.fooledbyrandomness. com/imbeciles.htm
  • Wells Fargo to Cut Jobs in Wholesale Lending (2)
    • Russ: Rhonda: You are correct. The true broker market is going to be decimated. There will not be any mom & pop broker shops anymore. All of the lenders are...
  • Nana needs a booster seat by tomorrow night (16)
    • ARDELL: The airlines are charging for every bag and item these days! We borrowed Joan’s, which was a blessing. It’s not even 2 p.m. of day one and I...

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Tag: media

The Sky is Falling! The Sky is Falling!

Where have we heard that before? I thought I would share with you some historical comments in the media made about real estate by financial “experts”:

“The price of houses seems to have reached a plateau, and there is reasonable expectancy that prices will decline.” (Time Magazine, December 1, 1947)
“Houses cost too much for the mass [...]

Paying for the Privilege of Marginalization

The real estate industry is a funny place…
There is an obvious tension between the industry players who win through cooperation and the individual agents who win by differentiation. It kind of reminds me of the Tragedy of the Commons in that the actions that individual agents are taking in their best interest are slowly breaking [...]