core & streeteasy team up - shark jumping official

Angelo--Plus anyone with half a brain knows prices cannot go UP 20-30% a year forever...

I am not so sure of that or there are a lot of brokers walking around with a half a brain. Have you seen some of these listings in Manhattan?

have you seen this thread?
have you heard what that guy jim homes says? Well- pretty she he's only using about 1/100th of his brain cells. If he has as many as a normal person- he probably doesn't.

http://streeteasy.com/nyc/talk/discussion/5465-chasing-the-market-down-our-favorite-price-choppers

>Angelo--Plus anyone with half a brain knows prices cannot go UP 20-30% a year forever...
>I am not so sure of that or there are a lot of brokers walking around with a half a brain. Have you seen some of these listings in Manhattan?

Brokers are salespeople on behalf of their selling clients. Why you want to think about them as some sort of neutral God-like arbiter performing charity for the benefit of the marketplace rather than for the benefit of their clients is baffling. They sell property and make their commissions from the sellers. Seems pretty rational.

>Bottom line-- GREED caused the financial crisis..
Wonderful: Humans naturally have greed. So we should conclude that natural human forces caused a human problem.

are you human?

HB- thought my point was pretty obvious. You can not single out one group, organization or person to blame for the Financial crisis.

Next time I will try to spell it out for you more clearly.

"Plus anyone with half a brain knows prices cannot go UP 20-30% a year forever...."

I remember many discussions circa 2006-2007 to the contrary. I would estimate they had between three-quarters and a full brain.

"Have you seen some of these listings in Manhattan?"

sounds like your blaming the pricing solely on the broker. Wouldnt that be like blaming the stock broker when the stock price goes down?

I would blame him if he told me to buy it high and then he is selling low...you should do a thread of brokers who sold the most at the peak and how much their investment advice is worth today....I would keep it to investment properties though...condo rentals, multi family houses, the tishman purchase of sty-town etc...

"The public is on to you..."

thanks for the warning, although those half assed brokers never made it anyway before the internet & SE. Real Estate brokering is all about referrals. If you dont do your job well, you wont get referrals and you wont get repeat business which is the life blood of a real estate career. What made these half assed brokers successful was the BULL market, a monkey could sell then (and they often did), SE and the internet may be cleaning some of it up, but bad business will always be done in every profession because..(drum roll)....">Bottom line-- GREED caused the financial crisis.. (and it will cause it again)
Wonderful: Humans naturally have greed. So we should conclude that natural human forces caused a human problem."

>HB- thought my point was pretty obvious. You can not single out one group, organization or person to blame for the Financial crisis.
>Next time I will try to spell it out for you more clearly.

So you made an obvious statement for what purpose?

>What made these half assed brokers successful was the BULL market, a monkey could sell then (and they often did), SE and the internet may be cleaning some of it up, but

Wait a minute, a MONKEY could sell? w67thstreet? I thought he was only responsible for lawsuits with his tenants during the time when he was a residential landlord. ... this is a new and rather interesting twist

"I remember many discussions circa 2006-2007 to the contrary. I would estimate they had between three-quarters and a full brain"

they had no brain, just delusional hope...
I never experienced it before but there was buying and selling euphoria in the air. Tishman, Bear, Lehman, Countrywide, NRT, Toll Brothers (plus many others) all got it wrong...and these were the countries real estate experts? Weren't they supposed to know something? I didnt even mention the banks who bet our money with all these people...how did they all get it wrong?

drum roll.....">Bottom line-- GREED caused the financial crisis...
Wonderful: Humans naturally have greed. So we should conclude that natural human forces caused a human problem."

last time i will re-post that....

>last time i will re-post that....

Why'd you need to post it at all. Was supposed to be very obvious.

hi huntersburg!!!

Hello Lucille.

i have big news.....

Great

do you know what it is?

No

want me to tell you?

Sure

well, i can't say it here

I wasn't expecting you to.

i could email you

Or you could tell me at our next lunch.

i can't wait that long. i won't be in the city until tuesday! i'm emailing you.

Ok fine, but not attachments.

but no attachments

ok, i sent it

Ok, not there yet. Let me check my Spam folder.

asshole

Ok. Not what I was expecting. Well, congrats either way.

what were you expecting?

Certainly not to be called an asshole.

so difficult..so dramatic..so huntersburg

Hi columbiacounty

don't you want to respond to the email?

Ok

waiting..........

Check your Spam folder

nope

You are using Cablevision or Verizon?

I'm being summoned.
Nite

fios. is that not compatible with your dial up?

you better write me back!

good night

I am late to this thread but it is classic SE. Really brilliant exchange of ideas and then hijacked by the drivel of the troll and either someone stupid enough to interact with the troll or perhaps the troll interacting with himself. Blog squared.

Sounds like your blaming the pricing solely on the broker. Wouldnt that be like blaming the stock broker when the stock price goes down?

no,

This like telling some one to but apple at a price of say $500/sh. at say Merril lynch when you can buy it a schwab at $400.

Did apt23 figure out a better way to cheat on her taxes?

i think your right half the time here, many sellers who bought high are still in disbelief and they want to test the market at its old levels, so they keep searching for the broker that will list at the price they want. I know i have been on pitches and the seller would say I need a company who can get me X amount for my place, and I would say "The brokers dont make the price, and the seller doesnt make the price , the market will dictate whats its worth and the comps and recent activity show we may only be able to get as much as Y at this point in time". And the seller says "thank you, but I will list with XYZ brokerage bc they are a big corporate firm and they have the power to get me 300k more". In the face of comps, tough co-op board, job losses, etc. he thinks his place is special. This is delusional...but its the seller wanting to list high, and yes a sucker broker who needs any listing and over promises is part of it.

Both are to blame, and sometimes none of them are to blame...This market is Flat, sometimes there is no telling what month or year you are going to get more or less for your place. Its tricky to price in this current market, even if you price according to comps, the market can still cut your head off. Those price choppers really reflect the market forces pushing it down, not always the brokers who over promised and under delivered. Trust me, i don't like these over promising brokers either, it messes with my business, but I have to be real and say its not always them overpricing. But its fun to blame them anyway...I know how you feel..lol...

Angelo--This is delusional...but its the seller wanting to list high, and yes a sucker broker who needs any listing and over promises is part of it.

I think this 90% of it. A good broker with good sales or negotiating skills will convince the seller he/she is out of his/her mind. Especially in a bad market.

even if you price according to comps, the market can still cut your head off-

I don't think this is so true- a comp is a comp. You can't really get your "head cut off" it's the market. You got your "head cut off" if you bot 4 years ago at the peak and need to sell now in a lower market.

Those price choppers really reflect the market forces pushing it down, not always the brokers who over promised and under delivered.
I a not so sure of that- there are always other comps in building are like buildings near buy that will tell you where the market is.

trust me, i don't like these over promising brokers either, it messes with my business

I agree with you. Pricing out of the market wastes peoples time. A broker(s) would have more transactions if listings were prices at or close to market levels. SE provides more transparency I(if I were a Broker) would direct my sellers(of cse, once I have an exclusive) to SE to reveal how transparent the market is becoming at their "hope" of trying to sell there apt above the market will be a lot more difficult.

Will this be rolling out to other firms or does this mean that the listings from Core are no longer shared with other realtors?

"listings from Core are no longer shared with other realtors?"

No. All listings from REBNY member firms must be shared with other members within 24 hours of listing agreement being signed, unless specificly noted otherwise on agreement.

Thanks
When you say they must be shared, what is the verification that it is?

brokers are not needed.

angeloz:

F.I.R.E.

you guys are all the same. you make money off of opaque information. if the info was transparent, you wouldn't exist. so your arguments about useless information at streeteasy is a bit of a stretch.

"Its tricky to price in this current market"

Sure if you are a 4 year old. it's pretty easy actually, people have been selling things to each other in markets for years. u set a price and then it sells or doesn't. and then u adjust.

btw the pricing should be blamed almost completely on the broker. because this is the only large proportion of the purchase and sale which adds no value. the remainder of the transaction is closed at the market price. it is what u take out of the market for no added value that is the problem.

u r the 0 on the roulette wheel.

wow, and I thought I was tough on them..

http://therealdeal.com/blog/2013/12/10/make-up-maven-laura-mercier-nabs-5-9m-walker-tower-unit/