Comments on: Sales tank, sellers swim

By: Vic

Vic — Tue, 20 Oct 2009 17:39:36 +0000

#60 Al
“Has an agent ever said it’s not a good time to buy,”

I came across this on a real estate blog recently: “So it’s refreshing to hear a realtor advise his clients that now might not be the best time to buy”

The realtor he was referring to actually said, “We’re at the peak price for this year, there’s a very poor and limited selection, and there’s not much downside to waiting it out.”

http://www.astonlau.com/

Now, the ironic thing about all this is that the realtor was wrong! Prices have gone up since that was posted.

By: wealthy renter

wealthy renter — Mon, 09 Jun 2008 22:07:17 +0000

Vultur wrote:

“Your racist remarks should be highlighted and condemned. Consider practicing a fair degree of introspective analysis before emitting such harmful negativity on a public forum. Those lives are just as valuable to the universe are yours and mine.

Treat them and such and exercise more compassion. We are all one.”

Start debating in good faith because this is a crock of Shit. You have written in this site that you are a real estate “Vulture,” and that you go into distressed markets in search of investment opportunities.

Shall I quote you?

“I am a VULTURE- looking to pick up properties on the cheap after the wreckage. I never suggested there wouldn’t be weakness in the housing market.”

http://www.greaterfool.ca/2008/05/07/the-news/

Yours is not a highly noble profession, and it is predicated on people having faced foreclosure and financial ruin. I guess you think, “We are all one” until people are broken and you are able to make a few bucks from their suffering.

Your handle speaks volumes about your character and, you have NO RIGHT to judge others given your lowly profession.

By: Al

Al — Mon, 09 Jun 2008 13:03:26 +0000

From Patriotz

“It is entirely the responsibility of the buyer to decide what is the appropriate price to pay for the property. The only responsibility of the agent, like all salespeople, is to correctly represent the property for sale. Take it or leave it.”

CREA disagrees with you.

“You can trust a REALTOR® to protect your interests and to look after details. ”
“A REALTOR®’s commitment to high standards of professional conduct works to the advantage of buyers and sellers alike.”

By: David

David — Mon, 09 Jun 2008 03:23:36 +0000

A lot of people choose to forget that the demographics of the Canadian housing market is almost the mirror of the now crashing US market. The national average of home ownership in Canada is 68.4% virtually identical to the peak bubble years south of the border. The number of Canadians with free and clear title to properties is 27.5% while in the USA it is 33%. There are some regional variances naturally enough in Canadian home ownership among the provinces to allay the fears of those who always assert that all housing is local. Negative savings rates and family indebtedness are similar to the USA pattern as is the pattern of issuance of zero down with extended amortisation mortgages. The same bubble insanity is alive and well north of the 49th parallel.

By: Peter

Peter — Mon, 09 Jun 2008 01:31:18 +0000

Yes, You can complaint, you can called the cops or whatever for fraud related crime..but will they get caught ? I have seen many irresponsible insurance ppl (top agents) selling life insurance to people while these people are taking a LOSS on their life insurance policy and when they file a complaint to the head office, their complaint are never take into matter instead these complaints will be dropped indefinitely, these crooks can still rip off more money from others, these guys still in business and driving m-benz, BMW or gas guzzling SUV’s..and the loss is derived from who ??? (Our People who HARD EARNED their Money and try to make a protection for the families downturn)…

By: Peter

Peter — Mon, 09 Jun 2008 01:25:58 +0000

Urgh…I am not bashing REALTORS or I am not BS ing from some guys are bashing me on…but what I am saying is true to some of my friends who bought houses in the GTA for the past year (2007 – 2008). I know some realtors are honest but how do you define honest despite the market still have alot of PUMPERS instead of naysayers…someone posts on the top have been so deep in a word called “COMMISSIONS” and “PRICE INCREASES” and you cannot take the word “SLOW MARKET” & “PRICE DECREASES”…I know you sell over 200+ homes within 1 year or great reputation for honesty but does ALL of your team has honesty to sell homes to your prospects ? Will you or your teamplayer say to your prospect that “prices will decrease a bit or correction if necessary if home prices already gone up in 10 years ” if they were to ask you these questions when they would like to buy a home now ? Just a word to say “DUE DILIGENCE” is the key between what you need to research and buy !!

By: sum1

sum1 — Sun, 08 Jun 2008 00:26:27 +0000

BTW- there is no difference between these people and bank robbers. Rob a bank steal, maybe $30,000. Put in fake offers to jak a bidding war up $30,000- someone is still out $30,000 and wrongfully so. You know what, you really piss me off. You ADMIT you have PROOF of Fraud, yet casually mention you are running around with realtors who do this “as a matter of course” WTF is wrong with you? Report these theives to the RCMP the moment you read this. Please become an expatriate NOW not in the future.

By: sum1

sum1 — Sun, 08 Jun 2008 00:20:12 +0000

Future expat-
If you knew some one was robbing banks, would you give them fair warning to stop, trusting they would, just because you told them to? What these people are doing is criminal. It is called FRAUD.
Your only legitimate course of action to recover your damaged reputation on this blog, and I assume in your life, is to report them NOW.

By: Brent

Brent — Sat, 07 Jun 2008 14:23:17 +0000

Bruce,

I respectively disagree. The reason were in record personal debt is because were using our new found equity in our homes (Alberta anyways) like a debit machine to buy those new $50,000 toys to drive around in and furnish our homes with the latest HDTV’s and flat screen PC’s as well as new deck furniture, go on tropical vacations, etc, etc, etc…

By: Future Expatriate

Future Expatriate — Sat, 07 Jun 2008 10:32:53 +0000

Sum1, I believe a word to the wise is sufficent sometimes, and if it is not, I assure you, I WILL take action.

I believe everyone deserves fair warning first.