I could buy and sell you.

And ideally, the phrase is “drown your sorrows.”

i don’t think anyone would call being a real estate agent a “success.” unless it’s what you dreamed about when you were a little kid and told people you wanted to be when you a grow up. i mean, as opposed to when you failed at whatever that was you tried to do with your life and had to fall back on a career for frat boys with fake smiles and questionable ethics. i can’t be bothere with this any more, so i’ll just sign off and wish you continued “success.”

Couldn’t form an intelligent argument so had to bring someone’s family into the fray.

What race is that evil realtor? How else can we possibly shame him?

We must impugn his character and integrity immediately!! He must be punished for his success!!

Thank you for making this so easy.

by the way, prices were half FIVE years ago, not three. you don’t even know the basics of your own business. pathetic.

It is fun to hear you squeal though.

“So sorry you didn’t listen to your agent when he told you to buy in 2003.”

I have no doubt that you’re STILL telling people to buy. And you know what? That was BAD advice to give someone in 2003, especially since you knew they had to stretch to do it.

If you were a stock broker and told someone to buy Amazon in 1999 when it was $300 a share on its way up to $400, that doesn’t mean you gave them good advice.

“You’ll miss the next boat too.” The next boat? Hey, trust me, take your time packing. That boat’s not sailing for ten years or more.

Besides, do you really think people should listen to a real estate agent for financial advice? I mean, it’s amazing to me that most agents I meet are even capable of tying their shoes or figuring out how to put the key in the ignition and start their car.

If you’re still in such extreme denial that you don’t think there’s a bubble that’s popping, do me a favor and buy ten “bargain” properties tomorrow, because hey, they’re only going up and you don’t want to miss the boat! Okay, so do this tomorrow. Please. I’m not kidding. It would make me feel great. Thanks!

What’s funny is how obvious it is that you’re trying to convince yourself.

A real estate agent calling someone ELSE a loser? now THAT’S funny!

“This bubble is different, so I don’t think we can draw comparisions to So Cal.”

You are right, this bubble is exponentially greater. It will lead the way to the massive unemployment rather than the other way around. But if I were you, I wouldn’t worry about your job. You seem really, really smart.

There was more to it than that.

There was mass unemployment in the high paying Areospace industry at the time. Not only that, but LA was hit with riots and then the 94 quake. I lived there, I saw this happen. I worked in REO. It was not because of the run up in housing prices. It was because of the unemployment followed by those two things.

This bubble is different, so I don’t think we can draw comparisions to So Cal.

I see. You’re not disagreeing even though you are. Because to disagree would be an obvious lie. So instead you make up some gobbledy-gook about prices not dropping from a year ago. What a clown you are! Spewing the typical pablum. So if gas prices were 2.50 a year ago and then went to 3.50 a gallon and then fell back to 2.50 no one would think there was a price drop? Hardly. Oh well, do whatever you need to do to convince yourself you won’t be calling up your in-laws begging for a loan in a year or two when you have ZERO business. You come on this board and act like you’re “better” than other agents because you are not the kind to deny that things could be headed “south.” You know what has headed south? Your credibility. In fact, the market in that crashed a long time ago.

Agreed, However I still think we’ll drop 25-30% from last years’ amount. San Diego is already lower than last years’, and once we gain some momentum, there will be little that could stop it. After the 2007-2009 recession begins, we will see quite a few job losses – especially in the housing sector which accounts for a substantial portion of the OC job base.

Of course, there will still be people buying and selling properties, just at slower rates and lower prices. Motivated sellers can still induce a sale with price concessions.

I don’t necessarily disagree, but YOY is a pretty standard benchmark. Our host, John Doe, has been predicting a 30% drop for well over a year. Is he wrong if it only drops 30% from this year’s current high? Let’s not split hairs, the market appears to be headed south.

nope, not if prices went up a bunch from a year ago and then fell back down. then there has been a price drop. the way you’re doing math, if prices fall 50 percent, you could say “my client got his house for the same price he could have in 2000, that is a zero percent drop since 2000.” it don’t work that way!

nope, not if prices went up a bunch from a year ago and then fell back down. then there has been a price drop. the way you’re doing math, if prices fall 50 percent, you could say “my client got his house for the same price he could have in 2000, that is a zero percent drop since 2000.” it don’t work that way!

You say, “I’m one of the guys who will weather the storm. “

Unless I’m reading you wrong, that implies other agents won’t. Just curious why you think you will weather the storm if others will drown. Do you have more experience, saved your money, have more connections in the industry that you’ve made over time? You love what you do and are determined to stick it out no matter what? I’m just curious and tend to agree with you for a very simple reason: You have confidence, and that’s half the battle right there. Good luck!

As far as my tune changing, a week ago I wrote “Are prices coming down? Yes. 10%? For sure. 20% Maybe. 30% and more? I don’t see it.”

If my current clients get these properties for last years prices, that is a zero percent drop. Last month’s numbers for July had a 6.3% YOY gain from 2005. It’s going to be zero soon and then you’ll see negative numbers. How far is the question??

Your tone has changed in the course of a week. You sound scared.