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Wtf is going on with house prices?

By Fortwaynemobile follow Fortwaynemobile   2021 Apr 25, 8:13am 1,347 views   84 comments   watch   nsfw   quote   share    


As an of patnet member I remember this housing thing before. Right now houses in reseda are going for 600+ and west hills for 800+. I’m talking small entry level homes. This seems insane, bubble prices again, but somehow people are buying... are we in a bubble or just some people got a ton of cash?

Thinking of selling now and moving honestly...

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45   Bitcoin   ignore (16)   2021 Apr 28, 12:54pm     ↓ dislike (0)   quote   flag      

neighborhood house.....couple bought in March, never moved in and put back on the market in April for 200k more!! It shows pending.....adjacent neighbor said there was a bidding war. Cant wait to see the final price on it.
there is no inventory in my area. I dont think I would sell my house, not even if someone offers me 500k over market value.
And where else would I even go? Its been going up everywhere in SoCal and my family loves it here.
46   Misc   ignore (0)   2021 Apr 28, 1:05pm     ↓ dislike (0)   quote   flag      

Xi Biden could also add a wealth tax. even a small, modest tax (by communist standards) could shoot the prices of all equity assets (even housing) into the affordable range for the newly debt liberated millennials.

Alt coin Hodlrs would freak worse than the Prop 13ers.
47   farmer2021   ignore (10)   2021 Apr 28, 1:18pm     ↓ dislike (0)   quote   flag      

Insanity:
https://www.redfin.com/CA/San-Ramon/485-Bridle-Ct-94582/home/17166492
Aug 17, 2009 Sold (MLS) (Sold) $1,275,000
Listed : $2,499,000
Sold : $2,800,000

This family made cool $138k every year without any real work, of which $45k every year was tax free.
Best job ever. Buy a house, live in it and then sell.
A person with US median income:
31K minus some taxes.
---------- A living, hard working human being will never catch up to someone living in above house doing nothing.. You see whats wrong with US?-----------
Please always spare some dollars for fellow hard working American when you get some services if you are lucky like above.(I always do).


Obama lackey should have instead bought a house in bay area:
Former Obama White House Adviser Charged With Stealing Over $200,000 From Charter School Chain He Founded

@patrick
You should start warning people again on "Housing bubble". This looks even bigger than last one.
48   B.A.C.A.H.   ignore (0)   2021 Apr 28, 2:23pm     ↓ dislike (0)   quote   flag      

farmer2021 says
Aug 17, 2009 Sold (MLS) (Sold) $1,275,000
Listed : $2,499,000
Sold : $2,800,000


Do the math, homie. CAGR = (ln(2.8/1.275))/12 = 6.5%.

How much did the stock market go up in those 12 years? With no property tax, no insurance cost, no repair bills, no interest payments, no peer pressure to have nice looking expensive cars in driveway, no peer pressure on kids for every extra club membership, etc.
49   farmer2021   ignore (10)   2021 Apr 28, 2:52pm     ↓ dislike (0)   quote   flag      

B.A.C.A.H. says
farmer2021 says
Aug 17, 2009 Sold (MLS) (Sold) $1,275,000
Listed : $2,499,000
Sold : $2,800,000


Do the math, homie. CAGR = (ln(2.8/1.275))/12 = 6.5%.

How much did the stock market go up in those 12 years? With no property tax, no insurance cost, no repair bills, no interest payments, no peer pressure to have nice looking expensive cars in driveway, no peer pressure on kids for every extra club membership, etc.


Here is the calculation:
275k down.
1M @ 3.5% = 35k interest.
~20k property tax.
~2.5k insurance.
New house. Little maintenance needed.
~5k a year.
~62K a year total cost.
Rental estimate: 5500*12 = 66000

Living is wash.

Return:
275k(Investment) -> 1425k(Gain-100K selling cost) -> 11 years.
~16% return every year.
(It will reach higher when you add $500k return has no tax for high income family)

Housing should never appreciate like stocks.
It is core of lot of our financial problems.
This is how asset rich fat cats keep getting wealthier and labor ... not getting ahead.
50   B.A.C.A.H.   ignore (0)   2021 Apr 28, 7:12pm     ↓ dislike (0)   quote   flag      

farmer2021 says
275k(Investment) -> 1425k(Gain-100K selling cost) -> 11 years.
~16% return every year.
(It will reach higher when you add $500k return has no tax for high income family)


farmer,

the return is a negative cash flow every year, till they sell and realize the gain.

Do you live in the region? Just asking.
51   SunnyvaleCA   ignore (1)   2021 Apr 28, 7:25pm     ↓ dislike (0)   quote   flag      

Thanks Zillow, but WTF? (but, I'm cool ... keep it coming!)
52   SunnyvaleCA   ignore (1)   2021 Apr 28, 7:27pm     ↓ dislike (0)   quote   flag      

Hey! Anyone out there interested in a $2.25MM shack? Walking distance to Apple's 2 main campi. I know a great place you can rent a bulldozer, although it might be cheaper and more fun to call up the local BLM or Antifa chapter to orchestrate some "property improvement."
53   SunnyvaleCA   ignore (1)   2021 Apr 28, 7:34pm     ↓ dislike (0)   quote   flag      

farmer2021 says
I think SF is opportunity to buy. This built up city is just waiting for conservative mayor to show up as the things are going to get worse.
That's exactly what people were saying of Detroit (and many many many other hell-hole cities) about 50 years ago. We're all still waiting!

Well, at least SF could be a lovely place to live. Great weather, clean ocean breeze, and lots of fantastic attractions within car distance.

When SF declares itself a not "sanctuary city" and starts handing over hardened criminals to the federal government, I'll concede that the place at least has the possibility of improvement. I can't understand how a city doesn't jump at the opportunity to have the federal government (on the federal dime) remove convicted criminals.
54   RC2006   ignore (2)   2021 Apr 28, 7:43pm     ↓ dislike (0)   quote   flag      

SunnyvaleCA says
farmer2021 says
I think SF is opportunity to buy. This built up city is just waiting for conservative mayor to show up as the things are going to get worse.
That's exactly what people were saying of Detroit (and many many many other hell-hole cities) about 50 years ago. We're all still waiting!

Well, at least SF could be a lovely place to live. Great weather, clean ocean breeze, and lots of fantastic attractions within car distance.


That's what my wife kept saying about CA in general. I told her its been declining since before our birth with one positive bump in the 80s.
55   Patrick   ignore (1)   2021 Apr 28, 7:45pm     ↓ dislike (0)   quote   flag      

FuckCCP89 says
Joe&Hoe


Lol, perfect.
56   Patrick   ignore (1)   2021 Apr 28, 7:46pm     ↓ dislike (0)   quote   flag      

farmer2021 says
Here is the calculation:


This is quite convenient:

https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html

Pretty much ends the debate for me. Just plug in the numbers. Of course you have to put a value on not having to move when the lease is up too.
57   Patrick   ignore (1)   2021 Apr 28, 7:47pm     ↓ dislike (0)   quote   flag      

SunnyvaleCA says
When SF declares itself a not "sanctuary city" and starts handing over hardened criminals to the federal government, I'll concede that the place at least has the possibility of improvement. I can't understand how a city doesn't jump at the opportunity to have the federal government (on the federal dime) remove convicted criminals.



I agree.

For me personally, I'll consider San Francisco after they put Columbus back in his rightful place on Telegraph Hill.
58   farmer2021   ignore (10)   2021 Apr 28, 7:50pm     ↓ dislike (0)   quote   flag      

B.A.C.A.H. says
farmer2021 says
275k(Investment) -> 1425k(Gain-100K selling cost) -> 11 years.
~16% return every year.
(It will reach higher when you add $500k return has no tax for high income family)


farmer,

the return is a negative cash flow every year, till they sell and realize the gain.

Do you live in the region? Just asking.


Not true. You can refinance or take money out as long as your income can support the mortgage.

Bottom line is at some point this is going to get as expensive as in Asian cities.(multiplier of income).
SF is still nowhere near Asian cities.
Price-to-income
------------------
San Francisco : 7.9
Shenzhen, China 46.28 ( Lot of other ASIAN cities).
Delhi, India 17.79
Dallas, TX, United States 2.35
https://www.numbeo.com/property-investment/rankings.jsp

Look at gross rental yield.
Shenzen: 1.31
sf : 5.07
Dallas : 11.62

Add to that evicting tenets in Asian cities is 100x harder than very bad US city SF... so mostly have "0" rental yield for second homes.
...

High housing prices is biggest evil against working class.
59   farmer2021   ignore (10)   2021 Apr 28, 7:56pm     ↓ dislike (0)   quote   flag      

Patrick says
farmer2021 says
Here is the calculation:


This is quite convenient:

https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html

Pretty much ends the debate for me. Just plug in the numbers. Of course you have to put a value on not having to move when the lease is up too.



Try 16%(only allowed 15% growth housing prices) .. You will see How renting goes out of water.
Buying is better, even if you could rent for free.
Rent needs to be -$12,044 per month.

This is the evil with housing today.
60   farmer2021   ignore (10)   2021 Apr 28, 7:59pm     ↓ dislike (0)   quote   flag      

Patrick says
SunnyvaleCA says
When SF declares itself a not "sanctuary city" and starts handing over hardened criminals to the federal government, I'll concede that the place at least has the possibility of improvement. I can't understand how a city doesn't jump at the opportunity to have the federal government (on the federal dime) remove convicted criminals.



I agree.

For me personally, I'll consider San Francisco after they put Columbus back in his rightful place on Telegraph Hill.


Do you know what was the last straw before they brought Guiliani to clean up NY?
People are goingt o get fed up of illogical woke behavior too. In the end as long as you have freedom, "centrist" win in long term.
If communism or fascism takes over, all bets are off.
61   mell   ignore (6)   2021 Apr 28, 8:02pm     ↓ dislike (0)   quote   flag      

farmer2021 says
Patrick says
farmer2021 says
Here is the calculation:


This is quite convenient:

https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html

Pretty much ends the debate for me. Just plug in the numbers. Of course you have to put a value on not having to move when the lease is up too.



Try 16%(only allowed 15% growth housing prices) .. You will see How renting goes out of water.
Buying is better, even if you could rent for free.
Rent needs to be -$12,044 per month.

This is the evil with housing today.


There are plenty of repairs for a house. Roof can be 20k-30k or more, crawlspace 5k-10k, drainage, plumbing etc. etc. Can't just do the math like this. It depends on the situation.
62   B.A.C.A.H.   ignore (0)   2021 Apr 28, 8:09pm     ↓ dislike (0)   quote   flag      

farmer2021 says
Not true. You can refinance or take money out as long as your income can support the mortgage.


That is hilarious. Calling taking money out, increasing the amount of debt, as positive cash flow. This is like the fed using printed money for the US government to dole out. The government can coerce folks to pay taxes, or the fed can tap Greater Fools in the bond market to keep the gig going for awhile. But homeowners, be they techie homeowners or landlords, have no such powers of persuasion or coercion over their salaries, or the rent they collect. (My understanding is renters have some protections now so they don't even have to pay). Renters can just leave, like Patrick and millions of others in California are contemplating.

I understand your point about Asia. We are in the United States, homie, not Hong Kong, not Bangalore. The United States does not end at Altamont Pass. So many folks who immigrated to here from all over the world got some screwy idea that they are tapped into our psyche from their narrow perspective of being in immigrant enclaves like the Bay Area or Vancouver or whatever. They are clueless.

I'd say, good for that homeowner who owned for 12 years at negative cash flow, paying Property Tax through the nose, and was able to cash out to a Greater Fool. For the time being that Greater Fool will be contributing to our Civil Servant Pensions in even huger amounts than the Lesser Fool he bought from, with the new assessment. Party On!
63   farmer2021   ignore (10)   2021 Apr 28, 8:10pm     ↓ dislike (0)   quote   flag      

mell says
farmer2021 says
Patrick says
farmer2021 says
Here is the calculation:


This is quite convenient:

https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html

Pretty much ends the debate for me. Just plug in the numbers. Of course you have to put a value on not having to move when the lease is up too.



Try 16%(only allowed 15% growth housing prices) .. You will see How renting goes out of water.
Buying is better, even if you could rent for free.
Rent needs to be -$12,044 per month.

This is the evil with housing today.


There are plenty of repairs for a house....


The house in example will need less than 10k a year repairs.
64   farmer2021   ignore (10)   2021 Apr 28, 8:14pm     ↓ dislike (0)   quote   flag      

B.A.C.A.H. says
farmer2021 says
Not true. You can refinance or take money out as long as your income can support the mortgage.


That is hilarious. Calling taking money out, increasing the amount of debt, as positive cash flow. This is like the fed using printed money for the US government to dole out. The government can coerce folks to pay taxes, or the fed can tap Greater Fools in the bond market to keep the gig going for awhile. But homeowners, be they techie homeowners or landlords, have no such powers of persuasion or coercion over their salaries, or the rent they collect. (My understanding is renters have some protections now so they don't even have to pay). Renters can just leave, like Patrick and millions of others in California are contemplating.

I understand your point about Asia. We are in the United States, homie, not Hong Kong, not Bangalore. The United States does not end at Altamont...


Try visiting a open house these days in bay area.
They will ask for all kinds of pre-approval and house will sell before you get scheduled.

I don't know who are these people buying, But It is reality and been like this for last few years accelerated by COVID.
https://www.sfgate.com/realestate/article/2021-04-Santa-Clara-camping-overnight-townhome-16127719.php
Dozens camp overnight for chance to buy $1.2 million Bay Area townhouses

We can't wish away the reality, The Fed is scheming against people.
65   B.A.C.A.H.   ignore (0)   2021 Apr 28, 8:31pm     ↓ dislike (0)   quote   flag      

farmer2021 says
Try visiting a open house these days in bay area.
They will ask for all kinds of pre-approval and house will sell before you get scheduled.

I don't know who are these people buying, But It is reality and been like this for last few years accelerated by COVID.
https://www.sfgate.com/realestate/article/2021-04-Santa-Clara-camping-overnight-townhome-16127719.php
Dozens camp overnight for chance to buy $1.2 million Bay Area townhouses


Yawn.

The US does not end at Altamont Pass. Many might argue though, that it begins at Altamont Pass.

Who sets the sales prices of homes (and nearly every other asset)? The sellers? The ®ealtors? Of course not. It's the buyers. What is evil about that?
66   farmer2021   ignore (10)   2021 Apr 28, 8:36pm     ↓ dislike (0)   quote   flag      

B.A.C.A.H. says
farmer2021 says
Try visiting a open house these days in bay area.
They will ask for all kinds of pre-approval and house will sell before you get scheduled.

I don't know who are these people buying, But It is reality and been like this for last few years accelerated by COVID.
https://www.sfgate.com/realestate/article/2021-04-Santa-Clara-camping-overnight-townhome-16127719.php
Dozens camp overnight for chance to buy $1.2 million Bay Area townhouses


Yawn.

The US does not end at Altamont Pass. Many might argue though, that it begins at Altamont Pass.

Who sets the sales prices of homes (and nearly every other asset)? The sellers? The ®ealtors? Of course not. It's the buyers. What is evil about that?


No the prices are set by "Mortgage banks" and their appraisal officers.
There is housing inflation in double digits nationwide.
67   B.A.C.A.H.   ignore (0)   2021 Apr 28, 8:44pm     ↓ dislike (0)   quote   flag      

farmer2021 says
No the prices are set by "Mortgage banks" and their appraisal officers.


That is silly. The prices are "set" by the price the Greater Fool (buyer) is willing to pay. Yes, banks will give them a lift with the low interest rates. And yes, appraisers will sanction the price for the lender. And the price will be determined by the amount the buyer is willing to pay. Maybe by "offering" way more than the asking price. Silly Greater Fools.

This is not Bangalore or Shanghai or Hong Kong, though perhaps beginning to look like those places with frenzied folks coveting a few square meters of real estate. There's a whole USA beyond Altamont Pass without such frenzy.
68   farmer2021   ignore (10)   2021 Apr 28, 9:02pm     ↓ dislike (0)   quote   flag      

B.A.C.A.H. says
farmer2021 says
No the prices are set by "Mortgage banks" and their appraisal officers.


That is silly. The prices are "set" by the price the Greater Fool (buyer) is willing to pay. Yes, banks will give them a lift with the low interest rates. And yes, appraisers will sanction the price for the lender. And the price will be determined by the amount the buyer is willing to pay. Maybe by "offering" way more than the asking price. Silly Greater Fools.

This is not Bangalore or Shanghai or Hong Kong, though perhaps beginning to look like those places with frenzied folks coveting a few square meters of real estate. There's a whole USA beyond Altamont Pass without such frenzy.


I wish buyer had that power.
Unfortunately he is helpless and hapless.
Many have no choice but to cough up money as bigger place is needed due to COVID work from home.

It is nationwide.
https://www.kiplinger.com/article/real-estate/t010-c000-s002-home-price-changes-in-the-100-largest-metro-areas.html

69   farmer2021   ignore (10)   2021 Apr 28, 9:29pm     ↓ dislike (0)   quote   flag      

The illogical and cruel shutdowns are going to make life hell for everyone.

https://finance.yahoo.com/news/lumber-prices-232-could-spiral-090000342.html
Lumber prices are up 232% and ‘could spiral out of control in the next few months’
70   mell   ignore (6)   2021 Apr 28, 10:04pm     ↓ dislike (0)   quote   flag      

farmer2021 says
B.A.C.A.H. says
farmer2021 says
No the prices are set by "Mortgage banks" and their appraisal officers.


That is silly. The prices are "set" by the price the Greater Fool (buyer) is willing to pay. Yes, banks will give them a lift with the low interest rates. And yes, appraisers will sanction the price for the lender. And the price will be determined by the amount the buyer is willing to pay. Maybe by "offering" way more than the asking price. Silly Greater Fools.

This is not Bangalore or Shanghai or Hong Kong, though perhaps beginning to look like those places with frenzied folks coveting a few square meters of real estate. There's a whole USA beyond Altamont Pass without such frenzy.


I wish buyer had that power.
Unfortunately he is helpless and hapless.
Many have no choice but to cough up...


The rise in prices correlates with the fall of mortgage rates. Now there's also a shortage in rural and suburban areas due to various factors, mainly covid. In CA prop 13 adds to the shortage. Prices in most Western countries have been rising fueled by low rates, in Europe rates have been even lower. But you don't have to buy in CA, there are more affordable properties all over the map, in FL or TX for example. Plus rents have fallen to the point where renting is equal or better than owning in certain areas. You have a choice. And realtors on avg. are actually not doing well in a market like this, so it's not them conspiring. Many realtors are starving in a market with a shortage of homes as their clients never get the bid, and listing agents have fewer and fewer homes to sell. The markup on prices does not make up for that, realtors would much rather have a market with plenty of supply and more homes selling and turning over at lower prices.
71   ForcedTQ   ignore (0)   2021 Apr 28, 10:11pm     ↓ dislike (0)   quote   flag      

farmer2021 says
The illogical and cruel shutdowns are going to make life hell for everyone.

https://finance.yahoo.com/news/lumber-prices-232-could-spiral-090000342.html
Lumber prices are up 232% and ‘could spiral out of control in the next

I would call where they are currently “spiraled out of control,” but to each his own...
72   SunnyvaleCA   ignore (1)   2021 Apr 28, 11:22pm     ↓ dislike (0)   quote   flag      

mell says
Many realtors are starving in a market with a shortage of homes as their clients never get the bid, and listing agents have fewer and fewer homes to sell. The markup on prices does not make up for that, realtors would much rather have a market with plenty of supply and more homes selling and turning over at lower prices.

The way I see it (at least here in silicon valley) is that real-estate agents are a dime a dozen. Many go into that line of work hoping for a quick fortune. The market for that job sorts itself out. If they wind up only making $40k a year (because there are 5x more agents in the market than needed), then they shouldn't complain ... their skillset isn't any more marketable than a supermarket cashier and they're making the same money.

Just remember that the purpose of an agent hosting an open house on the weekend isn't to show the house; it's to meet new clients.
73   Misc   ignore (0)   2021 Apr 28, 11:39pm     ↓ dislike (0)   quote   flag      

There are currently more licensed real estate agents than there are houses for sale. More are being drawn into the field every day wanting to make bank for doing nothing.
74   zzyzzx   ignore (2)   2021 Apr 29, 4:50am     ↓ dislike (0)   quote   flag      

ForcedTQ says


Lumber prices are up 232% and ‘could spiral out of control in the next

I would call where they are currently “spiraled out of control,”



75   WineHorror1   ignore (2)   2021 Apr 29, 5:30am     ↓ dislike (0)   quote   flag      

Misc says
There are currently more licensed real estate agents than there are houses for sale. More are being drawn into the field every day wanting to make bank for doing nothing.

The real estate transaction system is what it is. I am a real estate photographer and I can tell you, Realtors are not a dime a dozen. Every transaction is different regarding personalities and difficulties.
76   WookieMan   ignore (7)   2021 Apr 29, 6:39am     ↓ dislike (0)   quote   flag      

WineHorror1 says
The real estate transaction system is what it is. I am a real estate photographer and I can tell you, Realtors are not a dime a dozen. Every transaction is different regarding personalities and difficulties.

This is true. There's grown ass men that couldn't run a lawn mower if their life depended on it. There are shit head Realtors out there, so not defending the industry as they're overpaid for what they're doing. But if you can't mow the lawn good luck with a real estate transaction on your own between showings and all the other BS.

The real estate lobby is massive. Some were MLS fees, but most of my fees went to the association when I held a license. Let it lapse in September this past year and I'm saving $2k/yr now for something I only used for personal uses. I've got enough connections that I can make it as cheap as holding a license now. Wasn't worth the hassle anymore doing CE every 2 years and the cost.

Personalities are the worst part. Too many hands in the pot. Realtors (against each other), lenders, inspectors, attorneys, municipalities in some locations, etc. Probably by design, but having been there and managing a place, it's not all rainbows and sunshine.

Also, zz, the lady in red is pretty hot.
77   B.A.C.A.H.   ignore (0)   2021 Apr 29, 7:49am     ↓ dislike (0)   quote   flag      

WineHorror1 says
Realtors are not a dime a dozen.


That's being generous.

A dime per dozens.

(BTW this is not Chicago, it's the SF Bay Area).
78   WineHorror1   ignore (2)   2021 Apr 29, 8:13am     ↓ dislike (0)   quote   flag      

B.A.C.A.H. says
WineHorror1 says
Realtors are not a dime a dozen.


That's being generous.

A dime per dozens.

(BTW this is not Chicago, it's the SF Bay Area).

Realtors are sales people. Would you call all salesmen a dime a dozen? If I understand correctly, sales is one of the top 4-5 paid careers...for a reason.
79   WineHorror1   ignore (2)   2021 Apr 29, 8:18am     ↓ dislike (0)   quote   flag      

IMO, if you want to be dissatisfied with a real estate transaction, look no further than the government, financial institutions and the NAR.

I think Zillow, or some other type of company, has a real chance to compete with the NAR. Competition in this industry is sorely needed. Also, if America wants to be a great nation again, IMO, we need more people in houses without going broke and relying on that sweet sweet equity for their retirement. Just my 2 cents.

America is bifurcating along social, political and economic lines like never before(?)....not good. Not good at all.

Oh, and probably along health lines now as well with fucking the plandemic and all.
80   mell   ignore (6)   2021 Apr 29, 8:25am     ↓ dislike (0)   quote   flag      

SunnyvaleCA says
mell says
Many realtors are starving in a market with a shortage of homes as their clients never get the bid, and listing agents have fewer and fewer homes to sell. The markup on prices does not make up for that, realtors would much rather have a market with plenty of supply and more homes selling and turning over at lower prices.

The way I see it (at least here in silicon valley) is that real-estate agents are a dime a dozen. Many go into that line of work hoping for a quick fortune. The market for that job sorts itself out. If they wind up only making $40k a year (because there are 5x more agents in the market than needed), then they shouldn't complain ... their skillset isn't any more marketable than a supermarket cashier and they're making the same money.

Just remember that the purpose of an agent hosting an open house on the weekend isn't to show the house; it's to meet new clients.


Agreed - it wasn't meant to be specifically sympathetical towards realtors, just pointing out that a sellers market with low inventory is not good for them.
81   WineHorror1   ignore (2)   2021 Apr 29, 9:01am     ↓ dislike (0)   quote   flag      

Radio personalities are overpaid and dime a dozen also. /sarc. My brother in law is a pretty popular radio personality in Seattle. It takes a special type of person to do that job.
82   B.A.C.A.H.   ignore (0)   2021 Apr 29, 10:34am     ↓ dislike (0)   quote   flag      

Misc says
There are currently more licensed real estate agents than there are houses for sale. More are being drawn into the field every day


WineHorror1 says


Realtors are sales people.


The same thing said two different ways.
83   farmer2021   ignore (10)   2021 Apr 29, 11:20am     ↓ dislike (0)   quote   flag      

I frequently get mailers with realtors saying they have sold real estate worth billion.
e.g. see this lady:
https://www.chawlarealestate.com/
Claiming 1.3B in total sales and many 10s of millions since beginning of this year.

If she is able to keep 1% after expenses, She has already cleared $13M in income.
84   B.A.C.A.H.   ignore (0)   2021 Apr 29, 11:31am     ↓ dislike (0)   quote   flag      

Farmer,

If you think your story about ®ealtors is the whole picture, then get your license.

Then you will get your own Pocket Listing and be able to make your own purchase of your own listing, paying your commission to your self.

The license is so cheap that you'll come out ahead on the commission.

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