FEEETTTTT to FIRE! Did noah admit to prices decreasing in the next 1-3 years?

because its a commission based industry and brokers only make money on deals signed. its in no brokers or brokerage firms interest to have a market with low sales volume

I agree. I just wish brokers would stop lying to me about the facts of the market, or better yet telling me where it will go in the future, or worse still, guarantee me in two years it will go from $700k to $900k*

*One specific Hamptons broker guaranteeing me that one house would rise $200k in two years.

Rhino, the job title is "broker" not "advisor". The former acts as an intermediary to buy & sell crud. The latter gives advice. The former's job is to always say "you should be buying because that meets your objectives" and "you should be selling because that meets your objectives" simultaneously.

"One specific Hamptons broker guaranteeing me that one house would rise $200k in two years."

I hope your answer was "Why the F are you telling me and not buying it yourself?"

I understand the definitions, but wonder why Noah is the only broker I know who doesnt ignore the definitions and try to scare me, fool or bait me into buying,

Rhino86
about 22 hours ago
ignore this person
report abuse I understand the definitions, but wonder why Noah is the only broker I know who doesnt ignore the definitions and try to scare me, fool or bait me into buying,

So let me get this straight. You are a tough guy. You walk around insulting people. You are "smart" and have a CFA and have a great Wall Street job.
Brokers are morons and are unethical.

Yet, if you encounter a broker ... a few mind tricks ... and you are suckered into buying a place?

hfs... and you're the one commmenting on the value of everyone else's posts.

Funny.

hfs is a cockroach. he lives off of others. would highly recommend ignore. has been working nicely for me.

"I understand the definitions, but wonder why Noah is the only broker I know who doesnt ignore the definitions and try to scare me, fool or bait me into buying,"

I do believe Noah does say "you should be buying because that meets your objectives" and "you should be selling because that meets your objectives" simultaneously, as a broker is wont to do. The difference is that he doesn't additionally give you advice on your objectives.

The way I see it, other broker are offering MORE since they give the advice on top of the brokering. In effect, Noah is short-changing you by only brokering ;). Of course, it's best to remember the adage "you get what you pay for".

I guess what I'm saying is brokers are going to say what it takes to get a deal done, especially if that's how they're paid. I'm pretty sure it happens from the sale side as well; see your favorite RE show with the brokers badgering their clients, right or wrong, into lowering the asking price. Alternatively, if I'm selling looking to upgrade, I'm pretty sure my broker will "advise" me on how my lifestyle really needs an upgrade. The advice extends to well beyond financial, because sometimes that's what it takes. (BTW, you should see Glengarry Glen Ross if you want to see some GOOD brokering, not that fluff your Hamptons broker has been serving you.)

The reason brokers have a buy-bias is because, like stocks, RE has a buy-bias in terms of risk premium and therefore being profitable (recent times excepted). As a stock broker, what would happen if you told your clients to be short for extended periods (decades)? They'd leave you after a while, and the ones who don't wouldn't have much money left. In RE, it's even worse because you can't even short. A short-bias broker wouldn't even have business because their bias would be in a direction that does not allow transactions. "Hey everybody, you shouldn't touch this market with a 10-foot pole!"

Why would a person with that viewpoint go into that career?

I dont mind that Noah says buy if it meets your objectives or sell if it meets your objectives. What else can he say? Better that then the baiting, fear mongering and deception.

How much would it cost to have that translated?

uno peso

so, hfs is a broker.

now it all makes sense.... completely bitter.

sniff,,,,,,,,,,sniff..........snifff.,,,,,

to be clear, that was my translation of the inter-animal dialogue of h and a

i believe this is alan's weird way of trying to make it stop?

Hi glamma

Jim, alan's one of the good guys. Hez on our team.

i've no clue when the market will bounce back up... all i know is i manhattan remains the premier location for my line of work, post blow-up et all, hence the town i want to be in for 10 years. i purchased a size down so that i'd have extra $$ in the bank to travel with the bf around the world, to realize that we do want to stay in ny for a while (into retirement?); you can appreciate it best when you head out of the country for a couple weeks. automatic brief dropper when you mention your neighborhood.

not being a fortune teller, what i'm more interested in is what RE firm w67's daddy runs where he had to exit his own son.

This thread has been edited.
How interesting...
Why is this thread being edited?
By who? at SE
Any ideas?

Were all those comments deleted by moderator comments particularly bad, authors?

"you can appreciate it best when you head out of the country for a couple weeks. automatic brief dropper when you mention your neighborhood."

What does this mean? That you feel cool overseas when you mention you live in NYC?

not in the least. They were not particularly relevant, insightful or, well thought out but, not bad.
Kind of funny in a falco kind of way.
Hate to see them go.
They were in spanish.
that might have been the problem.

Sounds like a streeteasy new hire trying to appear useful.

or maybe it's because you forgot to clear the cache, and your dad reads an SE post of yours and he thinks to himself ''m paying this shmuck to 'work'? at least he can try a bit harder to be original.' give your pops a little more credit eh? he provided for ya and thanks mom appreciates it ;)

is that what you do? hol... look in your boyfriend's cache to see what hez typing while you are at work?

BTW how do you earn your keep... hol?

not enlightening.. try again.

i don't mind that you try (keyword) to insult me, just please try to be more original as stated above instead of rehashing my previous statements and redirecting back to me..

i'm a peon at a bulge bracket and 'professional' dancer...the bf is an 'artist' (ie mooches off of me)

hol wrote: "you can appreciate it best when you head out of the country for a couple weeks. automatic brief dropper when you mention your neighborhood."

I'm still struggling to understand this. Are you saying that say, you're in France chatting with some guy, and you mention you live in x neighborhood, and they, right there, right then, drop their briefs,.....and then what? sex? (what sex act exactly?) what neighborhoods in particular have you found induce this effect? are you careful to wield this weapon , so to speak, only in places where brief dropping is acceptable ? (what places, countries, cities, types of venues does this work out best?

Clarify, thanks.

Also, the brief dropping reference, coupled with the "professional dancer" job description, which you put in quotes, raises questions about what kind of "dancing" you are referring to?

Also, does the brief-dropping effect imply some kind of floor on real estate values in Manhattan due to strong enthusiasm and buying interest from foreigners? If so, is that because brief-droppers are deep-pocket, international real estate investors (I hate to be judgmental but that seems...unlikely)? What cross-section of the population engages in brief-dropping when they enthuse about NYC? Or, are you saying that enthusiasm among brief-droppers is somehow indicative of enthusiasm among foreign investors who are not brief-droppers?

there's an art to it. you don't blatantly walk up to someone and say i live in that limestone building; that's just crass and gauche.

they always have to initiate w/ question and you follow up. otherwise brief droppage may be stalled at mid-thigh should you come off too showing. new england leafy as opposed to glitzy gehry (frank) is the way to go.

hol.....The questions have to do with how this impacts an assessment of NY re valuation, not how your travel tips on how to spice up a vacation.

Jim. I believe hol is a stall foot tapper.

Flmao. Peon.... 1/200 make MD. Don perf your anus bf your real career startsz

67..I don't think the Larry Craig incident related to nyc real estate, at least that i can think of off the top of my head, but foreigners doing brief-dropping at the mere incantation "i live in manhattan", now that is another matter, another factor to be tossed into the mix...but i take it, that new data is not enough to convert you into being bullish

If you don't make it re related, a little elf comes and deletes the post. And no, not bullish by a long shot.

Does anyone understand this discussion, including the posters? If I can't figure it out, and I wasn't a geographic preference with a free ride at Yale that I'll never pay back because I'm self entitled and make no attempt to work, then you have to be super genius level, and ever since nyc10022 stopped posting, we don't have any left here.

I understand it, and I relish it highly. I also yuck happily at it. God willing, it will continue.

I was enjoying comments that have been deleted. Blast the deleters: they know not poetry when they stumble upon it!
hfs: Rest and regroup. You are an artist, and you will always enjoy life. And you give cc a reason to live ...

what about aboutready? I was hoping I give her a reason too. I mean, between the constant toilet problems, no employment or prospects thereof, and beliefs of entitlement ...

Now wait a minute, hfs. Aboutready HAS a life. CC - not so much.

Aboutready's toilet is overflowing right now.

No no no, hfs. She was having a subtle conversation with her spouse. You are incorrect in your details. But I admire your spirit and tenacity and frolicsome nature.

Poorishlady you have a lot of patience!