Here are my comments about the ad: Can you trust your Realtor? New NAR ad reviewed.

Written by Frank Borges LL0SA- Broker/Owner FranklyRealty.com
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My Blog can be found at Blog.FranklyRealty.com
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Thanks!

I mean really. This firm should be ashamed of themselves, putting out tripe like this and calling it an NY strip.

Some sites I’ve been reading lately that deserve a look, if you’re not already familiar with them:BiggerPockets.com, is a frenetic real estate investor site. I like their blog because they’re actively tracking the news of a weakening housing market with

Seriously, though, and more to the point – how can it be a “great time to buy OR sell a home?” Either prices are low, in which case it’s a good time to buy or prices are high, in which case it’s a good time to sell (they seem to be suggesting the former, which makes the title misleading). Maybe they’re saying it’s a good time to do both, which would only be true if commissions were now somehow lower (sort of flying in the face of their goal). Or perhaps they’re saying it’s a good time to do one or the other but they’re not sure or aren’t saying which one, which makes for a pointless advertisement.

Just wasted 3 minutes of my life on that pointless analysis…I think I need a beer.

BTW, I got a 650K download, not 100K as you state. Now it occupies 650K worth of “real estate” on my disk.

Not sure that it’s smart to talk folks off the ledge who don’t think of themselves as on the ledge in the first place.

–a version of the doc tellin you the slightest little thing could be curtains for you, yes?
But this one:

But if nothing else, I certainly have never seen something like this before.

kind of a glancing blow to those of us expecting anything else besides “something” –maybe “anything” , maybe “nothing”…the nail B famously bentova, not tapped quietly, and unremarkably, home.

Seriously, (see, I can get down to it at gun point) AG’s dismissal of the small segment of home owners (dare-devil ARM holders) is being called into question here (no, not that AG personally advocated them as the loan of choice when the market demand looked like it was faltering in 03, but the size of that group appears to be a little larger than miniscule).
More people are on the uncommon ledge than commonly believed. Even people not on the ledge believe they might soon be. Some people just looking for any place, might find themselves on the ledge by mistake and might need to be discovered by others who will declare them to be safely off the ledge.
The ledgablity problem is really a measure of inconfidence and we hear it loud and clear with this NAR headline, yes?

They are the PR arm for the Reamtor™ business. Their job is to pump sales. So this ad campaign is perfectly in character.

But the fact they are doing this is telling. Where i live in Calif, the biggest Reamtor™ in our market took a full-page out in the local Sunday Reamty™ section. It was a long letter to the citizens of our county in which she tried to talk folks down off the ledge by saying that buying RE is always “scary”, but everyone always comes out fine in the end.

Not sure that it’s smart to talk folks off the ledge who don’t think of themselves as on the ledge in the first place. Seems counterproductive to me. But if nothing else, I certainly have never seen something like this before. Not in the ’80s downturn nor the early ’90s downturn here.

So this time is different all right.

Right now, houses aren’t ON sale, they’re FOR sale. Significant distinction.

Owning $400K in debt on a house worth $300K?

Not so much.