New Jersey Drug Treatment

This is pretty sad. I don’t know what it is about real estate professionals but it seems that some don’t have a firm grip on reality. Just how some think the whole internet and looking for real estate on the internet is a fad.

They have been denying that there was a “bubble” for a long time and are unwilling to face the reality of the situation. You can’t cover your ears and scream “LALALALLALA I Can’t Hear you” and think everything is ok.

I couple years ago I was asked to tag along with a family member when they were looking at real estate. This was around the time some people were just starting to talk about inflated home prices. This was a good agent, don’t get me wrong, but when talking about what she thinks about the market and where it’s going she kept saying there was no bubble or this area wouldn’t be affected.

I knew better. Even in this popular area, people are having a hard time selling their homes. Some listings have dropped by almost 100k.

RE professionals can’t tell people the real estate market is falling because people will continue to wait before buying hoping to hit a bottom.

Just like with the tech bubble, people are going to try and keep it afloat for a long time until things finaly settle. If you make your living selling real estate, you can’t tell your buyers to wait and see what happens.

Although mrotgage companies seem to have wised up a bit. According to news reports they are denying loans to people they already prequalified. Hopefully they’re doing this when they think the value of the home doesn’t jive with the purchase price.

It is very sad that this person was fired for being honest.

this is among the reasons why I get most of my news these days via internet digging. For anyone who’s been paying attention (NY Times story on military “analysts”, recent Glenn Greenwald posts, the Judy Miller stenography flap, and most recently the accusations of Jessica Yellin and Scott McClellan), there’s very little reason left to expect honest reporting from the mainstream media, particularly where there is either money to be made or an election to be won.

Here’s hoping that the dangerously honest realtors like you and Chris Fountain prove to be the winning business model.

As you know, I’m buying in the Philly area at the end of 2009, and am desperately hoping to be able to find a local realtor like you or Chris.

Cheers

KL

The whole Coldwell/NRT/Realogy thing is a ship of sinking rats. However, they have plenty of fine agents within their system, so if you have a good agent of theirs as a counterparty, you should be okay. If- and when- Realogy hits the skids, the agent you’re dealing with can shift his license to a solvent brokerage in about eight hours.