CapitalismWorks_IHB
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Nude said:
Nope. Things are bad. Unemployment at double digits for the next 12-24 months will demonstrate just how painful.
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NEW -> Contingent Buyer Assistance Program
Nope. Things are bad. Unemployment at double digits for the next 12-24 months will demonstrate just how painful.
If you work for money, you are a prostitute. If you don't, you are a bump. Can't win when you argue with certain type of people, you know.
To my knowledge, I have never represented any of Nude's former girlfriends, in any transaction.
(reference)
xoxoIR2
The majority of realtors are useless, but at the same time, the majority of realtors don't make any money. There's a low barrier to entry, not much fixed/operating costs, and lots of potential money to be made. Why aren't more and more people getting in the business making all this easy money if it really is just that easy? Pride? Please.. not if money is involved.
Ok, I am near the bottom but at least I am not last...
The lowest ratings for "very great prestige" go to real estate brokers (6%), stockbrokers (11%), business executives (11%), actors (12%), union leaders (12%), journalists (16%) bankers (17%), accountants (17%), and entertainers (18%).
Who said anything about pimps or being a big time heroin and cocaine dealer ? I just don't see Real Estate Agents as the same class as used car sales man. I see them as professionals and if you are top of your class like IR2.. you can potentially make upwards of $200k - $300k a year, more than what doctors or lawyers may make in a entire year. That is all I am trying to say.
You're crazy. Dope dealers, used car salesmen, and realtors are all sales related jobs. They are EXACTLY the same - except the barriers to entry to be a dope dealer are higher.
Nope. Things are bad. Unemployment at double digits for the next 12-24 months will demonstrate just how painful.
morekaos_IHB
New member
SC, IR2, Rolar...get in here and defend your honor
Superfreaky idea pits pimps vs. real estate agents
"A Realtor and a pimp perform the same primary service: marketing your product to potential customers," Levitt and Dubner explain.
Brushing off the fact that real estate agents actually do the sales work for the property owner, the authors conclude that "once you consider the value you get for each of these two agents, it seems clear that a pimp's services are considerably more valuable than a Realtor's."
Superfreaky idea pits pimps vs. real estate agents
"A Realtor and a pimp perform the same primary service: marketing your product to potential customers," Levitt and Dubner explain.
Brushing off the fact that real estate agents actually do the sales work for the property owner, the authors conclude that "once you consider the value you get for each of these two agents, it seems clear that a pimp's services are considerably more valuable than a Realtor's."
Astute Observer_IHB
New member
morekaos said:
If you work for money, you are a prostitute. If you don't, you are a bump. Can't win when you argue with certain type of people, you know.
usctrojanman29_IHB
New member
That article is specifically picking on listing agents, but it was an entertaining read. Reality is that most realtors are worthless and a waste of space but there are some very good ones out there that do provide value for their clients. I have been accused of pimping out the services of my mom and dad, but hey they are great at what they do so why not?morekaos said:
IrvineRealtor_IHB
New member
morekaos said:
To my knowledge, I have never represented any of Nude's former girlfriends, in any transaction.
(reference)
xoxoIR2
RobertLarsen_IHB
New member
morekaos said:
The majority of realtors are useless, but at the same time, the majority of realtors don't make any money. There's a low barrier to entry, not much fixed/operating costs, and lots of potential money to be made. Why aren't more and more people getting in the business making all this easy money if it really is just that easy? Pride? Please.. not if money is involved.
graphrix_IHB
New member
I wish this thread was like it was back in the day when people cared. But, THIS IS THE MUST READ ARTICLE in a long time. This article still doesn't dive into WHO brokered the loans, and WHAT the "exceptions" were. If they did... it would blow the roof off of NC and GS.
pinky811a_IHB
New member
Hi all,
Newbie here. Thanks for the good read Graphix. I can attest to some of the things said in the article. I actually traded those securitized subprime mortgages from the buyside perspective back in 2004. At that time we could see that it was crap collateral, which was why we only stuck with the safest issuers and stayed with the shorter maturity stuff. However, investment banks were absolutely insane with the amount and frequency of these deals. They were feeding on fees with no consequences. Obviously, they had a conflict of interest which is where the rating agencies come into play. The rating agencies were suppose to step in give investors a better idea of the shxt that they were buying. Well... now we know how useful they are. Having said that though, the GS traders are always known for their inside edge. We all suspect that they "accidentally" receive information from the investment banking side of biz which they are not suppose to.
Newbie here. Thanks for the good read Graphix. I can attest to some of the things said in the article. I actually traded those securitized subprime mortgages from the buyside perspective back in 2004. At that time we could see that it was crap collateral, which was why we only stuck with the safest issuers and stayed with the shorter maturity stuff. However, investment banks were absolutely insane with the amount and frequency of these deals. They were feeding on fees with no consequences. Obviously, they had a conflict of interest which is where the rating agencies come into play. The rating agencies were suppose to step in give investors a better idea of the shxt that they were buying. Well... now we know how useful they are. Having said that though, the GS traders are always known for their inside edge. We all suspect that they "accidentally" receive information from the investment banking side of biz which they are not suppose to.
morekaos_IHB
New member
morekaos said:
Ok, I am near the bottom but at least I am not last...
The lowest ratings for "very great prestige" go to real estate brokers (6%), stockbrokers (11%), business executives (11%), actors (12%), union leaders (12%), journalists (16%) bankers (17%), accountants (17%), and entertainers (18%).
25inIrvine_IHB
New member
The dollar sign is all that matters in the end? What if it is the pimp making the $300k? Or some other form of illegal activity making 500k?
PANDA_IHB
New member
25inIrvine said:
Who said anything about pimps or being a big time heroin and cocaine dealer ? I just don't see Real Estate Agents as the same class as used car sales man. I see them as professionals and if you are top of your class like IR2.. you can potentially make upwards of $200k - $300k a year, more than what doctors or lawyers may make in a entire year. That is all I am trying to say.
25inIrvine_IHB
New member
Sorry, was just playing devils advocate. The pimp idea came from the red up above. Just thought you meant the money is all that mattered based upon this plus the millionaire thread.
no_vaseline_IHB
New member
PANDA said:
You're crazy. Dope dealers, used car salesmen, and realtors are all sales related jobs. They are EXACTLY the same - except the barriers to entry to be a dope dealer are higher.