In this article about jingle mail, one quote really got the commenters agitated.
“We paid $585,000. It was the peak of the market, but no one told us,” said Shaffer, a real-estate agent from Colorado.
Yeah, it’s hard for a real estate agent to play dumb about real estate transactions without being called on it.
4 responses so far ↓
1 Philip Rosenberg // Apr 22, 2008 at 11:38 am
John,
I just read the entire “Jingle Mail” article from your link. All I can say is WOW! Each month it seems I read slightly better news than the month before (or am I just searching and seeking it out???) Once, one of my investors learned that Arizona was an anit-deficiency state, he packed his keys in an envelope and is just waiting for the sale date in August. Then he’ll move into one of his rentals.
The real estae agent quoted in the article is undoubtably a few brain cells short of an amoeba. That said, it was not the realtors and loan officers that drove this downturn, but rather the likes of the Bear Stearns, JP Morgans, and Fannie Mae, Freddie Mac, etc that caused it. THEY CREATED THE UNDERWRITING GUIDELINES, then told the mortgage brokers to sell, sell, sell the cash they were given. This stuff happens from the top down, not the bottom up. My two cents.
Philip
http://www.azcentral.com/news/articles/2008/04/21/20080421walkaway0421.html
2 John Wake - Real Estate // Apr 22, 2008 at 12:24 pm
“… undoubtedly a few brain cells short of an amoeba”
Hilarious turn of a phrase!
3 Brian McMorris // Apr 22, 2008 at 7:35 pm
I love it when realtors, investors and home owners blame it all on big bad corporate America, or the Bush administration. This is a country of whiners. What is wrong with a little personal accountability among adults.
4 Cbass // Apr 23, 2008 at 3:03 pm
Personal accountability that is funny Brian! We are a nation of morons who can’t fathom the idea that we are at fault for anything, especially not our own circumstances.
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