ELBOXO VS ACEHOLE...WHAT SHOULD REAL ESTATE AGENTS MAKE? - Page 2

sportfishingusa · 06-23-2008, 03:02 PM

Quote:

Originally Posted by Ace1st

REELING SPORTFISHING CHARTERS.............WRONG THREAD DUDE.

THIS IS ABOUT WHAT REAL ESTATE AGENTS SHOULD MAKE. HONEST MISTAKE ....I KNOW. GO OVER TO THE TIPPING THREAD AND POST UP. LATER MAN.

YOU SHOULDNT MAKE SHIT.. IT WAS ALL YOUR DAMN REALTORS THAT MADE THIS SHIT MARKET SHITTIER WHEN YOU TALKED ALL YOUR DAMN CLIENTS INTO BUYING HOMES THEY CAN NOT BUY GETTING THEM 5/1 ARMS AND 80/20 MORTGAGES.. YOU CAUSE THIS NOT THE GOVERNMENT?!!

YOU WANT TO ATTACK ON THIS SITE YOU BETTER STEP OFF.

YOUR OWN EL BOXO YOU WANT TO TALK SMACK ABOUT HAS HIS OWN FORUM AND DOES MORE FOR THIS SITE IN 1 VIDEO THAT YOU OFFER IN YOUR STUPID NO GOOD UN NEEDED SORT SIDED WEALTH OF KNOWLEDGE...

TAKE YOUR REALTORS TEST, SIT ON YOUR BUTTOCKS UNTIL SOME SQUID WALKS THRU THE DOOR FOR YOU TO RIP THEM OFF WITH YOUR 6% COMMISSION.. YOU PROBABLY MAKE YOURSELF 250K A YEAR!! THAT IS ALL WELL AND ALL UNTIL YOU END UP WITH 100K FOR ALL YOUR WORK AFTER THE GOVERNMENT TAKES YOUR MONEY

DO YOU SELF A FAVOR THERE ACE AND SHUT UP AND FISH!! NO ONE CARES WHAT YOU MAKE OR WHAT YOU SHOULD MAKE.. KEEP SELLING YOUR STUPID HOUSES AND GO OUT OF BUSINESS WHENNWE HIT A HARD CORE RECESSION.. YOU WANT TO TALK ABOUT SOMETHING WORTH WHILE THEN POST IT.

I WILL HAVE A TALK WITH JOHN AND GET THIS THREAD CLOSED TO.. YOU PEE OFF AND TALK BAD AND WRONG ABOUT THE WRONG PEOPLE!!

SHAME ON YOU! SHAME ON YOU!!

JimmyC · 06-23-2008, 04:26 PM

Sportfishing USA,

I am in the real estate business and I take offense to your statements. Let me say that I am not trying to start any mess, but I am simply trying to explain the facts. It is my fiduciary duty as an agent to find the best home for the customer based on their wants and needs. I always prequalify my clients before showing them anything. It is none of my business what the person makes, what their credit score is, or if they have had a bankruptcy or not. If the lender says that they can get a mortgage, then it is my job to find them the best house that they could afford. If they chose to tell me about their financial situation, then I listen, but it is ultimatey up to the lender to prequalify them.

You may or may not know this, but Congress put pressure on the mortgage companies to start making loans to people with questionable credit. The main reason for this is because some people were making a stink about minorities being turned down for loans at a higher percentage compared to non minorities. Additionally, Wall Street was buying securitized loans and a lot of people mad a lot of money. There were also alot of jobs created as a result of the subprime mortgage companies.

As competition grew among subprime companies, the loans became a lot riskier. This especially occured in 2006. I know for a fact that there were 100% financing programs out there for people with a 500 beacon score and who were a week out of bankruptcy. If the borrower has never proven that they could pay anything back, what makes you think that they are going to pay a loan off when they don't have any of their money invested in the house. They lose nothing by walking away from the house if they get in trouble. Yes, this really does look like the fault of real estate agents.

One of the jobs of a real estate agent is to find qualified buyers a home. If they lender says they qualify up to "x", and the borrower is comfortable with the payment, then who are we to say no, you can't buy this. If you want to blame someone, start with Congress, and then look at the companies that now want the taxpayers to bail them out because they made billions off of the subprime market. A lot of brokerage houses made a ton of money as well. I read an article in the Wall Street Journal that said that some of the brokers at Goldman Sachs made over $20 million last year trading securitized loans. I know for a fact that I didn't make anywhere close to that last year.

Ace1st · 06-23-2008, 04:31 PM

FIRST OFF YOU OBVIOUSLY DO NOT KNOW THE HISTORY OF THIS THREAD.

AT THE SUGGESTION OF THE EL BOXO, I DID MAN UP AND START THIS THREAD. I GUESS IT WAS HIS ASSSUMPTION THAT I WOULD NOT WANT TO DISCUSS SUCH A TOPIC.

NOT TRUE, I RELISH THE OPPORTUNITY.

NOW, FIRST I MUST ASK THAT THE NEXT TIME YOU ENTER THIS THREAD TO PLEASE REFRAIN FROM SUCH A HARSH TONE. NO NEED FOR IT.

OK......NOW THATS STRAIGHTENED OUT, WE CAN DISCUSS YOUR STATEMENT. THE REAL ESTAE MARKET IS SLOW, BUT ITS STILL THE BEST INVESTMENT GOING. THINK ABOUT IT, 70 MILLION BABY BOOMERS COMING INTO THE MARKET IN THE NEXT 6-10YEARS. THAT SHOULD FUEL IT FOR YEARS TO COME. DONT GET CAUGHT UP WITH WHATS GOING ON TODAY, THAT WILL CHANGE AS IT ALWAYS HAS.

JUST REMEMBER THIS, DONT WAIT TO BUY REAL ESTATE, BUY REAL ESTATE AND THEN WAIT. IN THE WORDS OF ONE FAMOUS INVESTOR, "WHEN OTHERS ARE FEARFUL BE GREEDY, WHEN OTHERS ARE GREEDY BE FEARFUL". APPLY THAT TO YOUR INVESTMENT BUYING AND YOU WILL COME OUT AHEAD.
NOW AS FAR AS YOUR STATEMENTS REGARDING EL BOXO, I COMPLETELY AGREE, HE HAS BEEN A PLETHORA OF KNOWLEDGE FOR WHICH I HAVE SOAKED. NOT TO MENTION I HAVE PURCHASED ITEMS THAT HE HAS ENDORSED. HE CERTAINLY KNOWS HOW TO FISH.

BUT THIS THREAD, CONTRARY TO THE TITLE IS NOT ABOUT EL BOXO VS ACEHOLE, ITS REALLY ABOUT REAL ESTATE AND WHAT AGENTS SHOULD MAKE. SO COME WITH SOME CONTENT OR GO PLAY SOMEWHERE ELSE.

ONCE AGAIN, THANKS FOR YOUR STATEMENTS, I HAVE TAKEN THEM UNDER CONSIDERATION

Ace1st · 06-23-2008, 04:40 PM

HEY JIMMYC.........THANKS FOR THOSE COMMENTS. I FELT THAT THE LENDERS SHOULD SHARE IN THE ASSUMPTION OF BLAME PUT ON US REAL ESTATE AGENTS BY SPORTFINGUSA. OBVIOUSLY THAT CALLER WASNT AWARE THAT WE DONT LOAN MONEY. ONCE AGAIN .....HONEST MISTAKE.

sportfishingusa · 06-23-2008, 04:46 PM

First of all. sorry jimmy was NOT directed towards ALL of you.. second ACE.. i dont care what it was started for.. this is waste of server space and you can take it for what it is i do not care.. you have no value to this forumn and thread. so just back yourself out of it..

I am not one to bicker but i am also not one to step down.. it is someone with the 6-10 million baby boomers coming up that is going to make the market once again SHIT the bed for our upcoming children... It is not going ot be easy.. i am 24 yrs old and i own a home.. The industry is crap.. like jimmy said he only takes people out to what they can afford.

well with someone who wants to spend 2200 a month for a house and they get prequal for a 500k mortgage with all seller concession at say 7% which is right around the usual max they can take a 5/1 80/20 and do interest only and get them to 2200... not take someone like yourselves.. you are proclaimed to be realtors/ mr ace the investor.. and you sell them a house knowthing that a reasonable mortgage is 75 dollars on the 10.000 or so.. give or take 25 or so.. depending on rates....

Now on a 500k house the mortgage is going to be realistically around 4000+ with escrows depending on where you reside.. you guys go out and buy them a house with their pre qual letter which i can make in my office or get from any mortgage guy and sell them a house for 500k knowing they are going to tank because they can not afford it..

It is realtors who do not ask financial question who screw people over! it starts on the bottom and works its way up.. that is the way it work.. my realtor knew my situation as he was involved and SHOULD be involved..

now you got someone making X amount of dollars and are happy at 2200 a month and 5 yrs down the line they get bammed and hit with the adjustment and WHAM 5000 with their new 13-17% and all the other BS that goes with it..

I am no dummy and i know my stuff.. you can talk all the investment crap you want with me.. if you made the money ripping people off in other markets you can afford to buy new houses.. but all the people who bought the HOUSES FROM YOU GUYS can not afford to pay for them which overflows the market.

YOU CAN THINK WHAT YOU WANT BUT WE WILL NEVER CATCH UP!! NOT A CHANCE IN HELL!

AND AS FAR AS WHATEVER THIS THREAD IS FOR OR WHATEVER YOU STARTED WITH BOX.. I AM SO DONE WITH THIS THREAD AND YOU CHIT.. I RATHER PUT MY HEAD IN A GRINDER.

THANKS AND TAKE MY COMMENTS NOT TO CONSIDERATION....

saltwaterbucks · 06-23-2008, 04:47 PM

Hint:

Mix It Up & Introductions
If you’re not sure where to post, this is the forum for your post. Funny pictures, videos and introductions by new members are posted here. You will also find a lot of general fishing talk, sports, weather, news and political views. Mix it Up can get wild as we allow it to head off topic some.

Ace1st · 06-23-2008, 04:59 PM

i am so taken back by these statements......so you are blaming the Real Estate industry for the market as it is now.

SO A CLIENT WALKS IN MY OFFICE AND WANTS TO BUY A HOUSE OR CONDO. HE HAS A SUBSTANTIAL EARNEST MONEY DEPOSIT AND ASK FOR ME TO SHOW HIM SOME PROPERTY. I SHOW HIM A CONDO THAT HE WISHES TO CONTRACT, IN HAND I HAVE A BANK WRITTEN APPROVAL LETTER REGARDING THIS INDIVIDUALS FINANCIAL ABILITY. THE BANK SAYS .........YES......HE CAN AFFORD THAT. SO WE CONTRACT AND CLOSE ON THE PROPERTY THROUGH SAID BANK. NOW.........TWO YEARS LATER THE MARKET GOES SOUTH AND YOU BLAME US FOR THE TANK. I DONT GET IT

?

HEY BUT THANKS FOR THE TONE DOWN, I DO APPRECIATE YOUR COOPERATION.

sportfishingusa · 06-23-2008, 05:01 PM

Ace1st · 06-23-2008, 05:01 PM

HEY PATRIOT OR WHATEVER ELSE YOU GO BY...........DONT COME IN HERE WITH OUT SOME CONTENT. THIS IS AREAL ESTATE THREAD....... REMEMBER?

Ace1st · 06-23-2008, 05:03 PM

GOOD ONE THERE, WHY DONT YOU SAY HOW YOU REALLY FEEL? SURPRISED YOU DIDNT FLY THE BIRD TOO. OH YEAH THERES A PIMPLE ON YOUR MOON THAT RESEMBLES.........

06-23-2008, 04:31 PM	#13
Ace1st Crab mustard is good Join Date: Jul 2007 Location: Myrtle Beach SC Posts: 998 Credits: 2,195.4 Boat: Sea Vee CC Home Port: Little River Best Catch: Lucy!! Occupation: Real Estate Agent	TAKE ANOTHER CALL .......... FIRST OFF YOU OBVIOUSLY DO NOT KNOW THE HISTORY OF THIS THREAD. AT THE SUGGESTION OF THE EL BOXO, I DID MAN UP AND START THIS THREAD. I GUESS IT WAS HIS ASSSUMPTION THAT I WOULD NOT WANT TO DISCUSS SUCH A TOPIC. NOT TRUE, I RELISH THE OPPORTUNITY. NOW, FIRST I MUST ASK THAT THE NEXT TIME YOU ENTER THIS THREAD TO PLEASE REFRAIN FROM SUCH A HARSH TONE. NO NEED FOR IT. OK......NOW THATS STRAIGHTENED OUT, WE CAN DISCUSS YOUR STATEMENT. THE REAL ESTAE MARKET IS SLOW, BUT ITS STILL THE BEST INVESTMENT GOING. THINK ABOUT IT, 70 MILLION BABY BOOMERS COMING INTO THE MARKET IN THE NEXT 6-10YEARS. THAT SHOULD FUEL IT FOR YEARS TO COME. DONT GET CAUGHT UP WITH WHATS GOING ON TODAY, THAT WILL CHANGE AS IT ALWAYS HAS. JUST REMEMBER THIS, DONT WAIT TO BUY REAL ESTATE, BUY REAL ESTATE AND THEN WAIT. IN THE WORDS OF ONE FAMOUS INVESTOR, "WHEN OTHERS ARE FEARFUL BE GREEDY, WHEN OTHERS ARE GREEDY BE FEARFUL". APPLY THAT TO YOUR INVESTMENT BUYING AND YOU WILL COME OUT AHEAD. NOW AS FAR AS YOUR STATEMENTS REGARDING EL BOXO, I COMPLETELY AGREE, HE HAS BEEN A PLETHORA OF KNOWLEDGE FOR WHICH I HAVE SOAKED. NOT TO MENTION I HAVE PURCHASED ITEMS THAT HE HAS ENDORSED. HE CERTAINLY KNOWS HOW TO FISH. BUT THIS THREAD, CONTRARY TO THE TITLE IS NOT ABOUT EL BOXO VS ACEHOLE, ITS REALLY ABOUT REAL ESTATE AND WHAT AGENTS SHOULD MAKE. SO COME WITH SOME CONTENT OR GO PLAY SOMEWHERE ELSE. ONCE AGAIN, THANKS FOR YOUR STATEMENTS, I HAVE TAKEN THEM UNDER CONSIDERATION

06-23-2008, 04:46 PM	#15
sportfishingusa I think Admin is going to let me have this space Join Date: Mar 2008 Location: Toms River, NJ Posts: 3,075 Credits: 6,307.8 Boat: 24 proline cc and 33 pace express Home Port: Forked River NJ Best Catch: EST. Grander In Toms Canyon/ 145lb allison/ 250lb mako/58lb cobia, 1st place 1996 miami metropolitan Occupation: Self Employed Repossession	First of all. sorry jimmy was NOT directed towards ALL of you.. second ACE.. i dont care what it was started for.. this is waste of server space and you can take it for what it is i do not care.. you have no value to this forumn and thread. so just back yourself out of it.. I am not one to bicker but i am also not one to step down.. it is someone with the 6-10 million baby boomers coming up that is going to make the market once again SHIT the bed for our upcoming children... It is not going ot be easy.. i am 24 yrs old and i own a home.. The industry is crap.. like jimmy said he only takes people out to what they can afford. well with someone who wants to spend 2200 a month for a house and they get prequal for a 500k mortgage with all seller concession at say 7% which is right around the usual max they can take a 5/1 80/20 and do interest only and get them to 2200... not take someone like yourselves.. you are proclaimed to be realtors/ mr ace the investor.. and you sell them a house knowthing that a reasonable mortgage is 75 dollars on the 10.000 or so.. give or take 25 or so.. depending on rates.... Now on a 500k house the mortgage is going to be realistically around 4000+ with escrows depending on where you reside.. you guys go out and buy them a house with their pre qual letter which i can make in my office or get from any mortgage guy and sell them a house for 500k knowing they are going to tank because they can not afford it.. It is realtors who do not ask financial question who screw people over! it starts on the bottom and works its way up.. that is the way it work.. my realtor knew my situation as he was involved and SHOULD be involved.. now you got someone making X amount of dollars and are happy at 2200 a month and 5 yrs down the line they get bammed and hit with the adjustment and WHAM 5000 with their new 13-17% and all the other BS that goes with it.. I am no dummy and i know my stuff.. you can talk all the investment crap you want with me.. if you made the money ripping people off in other markets you can afford to buy new houses.. but all the people who bought the HOUSES FROM YOU GUYS can not afford to pay for them which overflows the market. YOU CAN THINK WHAT YOU WANT BUT WE WILL NEVER CATCH UP!! NOT A CHANCE IN HELL! AND AS FAR AS WHATEVER THIS THREAD IS FOR OR WHATEVER YOU STARTED WITH BOX.. I AM SO DONE WITH THIS THREAD AND YOU CHIT.. I RATHER PUT MY HEAD IN A GRINDER. THANKS AND TAKE MY COMMENTS NOT TO CONSIDERATION.... __________________

06-23-2008, 05:01 PM	#18
sportfishingusa I think Admin is going to let me have this space Join Date: Mar 2008 Location: Toms River, NJ Posts: 3,075 Credits: 6,307.8 Boat: 24 proline cc and 33 pace express Home Port: Forked River NJ Best Catch: EST. Grander In Toms Canyon/ 145lb allison/ 250lb mako/58lb cobia, 1st place 1996 miami metropolitan Occupation: Self Employed Repossession	__________________

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06-23-2008, 04:26 PM	#12
JimmyC Got fish Join Date: May 2007 Posts: 193 Credits: 1,347.5	Sportfishing USA, I am in the real estate business and I take offense to your statements. Let me say that I am not trying to start any mess, but I am simply trying to explain the facts. It is my fiduciary duty as an agent to find the best home for the customer based on their wants and needs. I always prequalify my clients before showing them anything. It is none of my business what the person makes, what their credit score is, or if they have had a bankruptcy or not. If the lender says that they can get a mortgage, then it is my job to find them the best house that they could afford. If they chose to tell me about their financial situation, then I listen, but it is ultimatey up to the lender to prequalify them. You may or may not know this, but Congress put pressure on the mortgage companies to start making loans to people with questionable credit. The main reason for this is because some people were making a stink about minorities being turned down for loans at a higher percentage compared to non minorities. Additionally, Wall Street was buying securitized loans and a lot of people mad a lot of money. There were also alot of jobs created as a result of the subprime mortgage companies. As competition grew among subprime companies, the loans became a lot riskier. This especially occured in 2006. I know for a fact that there were 100% financing programs out there for people with a 500 beacon score and who were a week out of bankruptcy. If the borrower has never proven that they could pay anything back, what makes you think that they are going to pay a loan off when they don't have any of their money invested in the house. They lose nothing by walking away from the house if they get in trouble. Yes, this really does look like the fault of real estate agents. One of the jobs of a real estate agent is to find qualified buyers a home. If they lender says they qualify up to "x", and the borrower is comfortable with the payment, then who are we to say no, you can't buy this. If you want to blame someone, start with Congress, and then look at the companies that now want the taxpayers to bail them out because they made billions off of the subprime market. A lot of brokerage houses made a ton of money as well. I read an article in the Wall Street Journal that said that some of the brokers at Goldman Sachs made over $20 million last year trading securitized loans. I know for a fact that I didn't make anywhere close to that last year.

06-23-2008, 04:40 PM	#14
Ace1st Crab mustard is good Join Date: Jul 2007 Location: Myrtle Beach SC Posts: 998 Credits: 2,195.4 Boat: Sea Vee CC Home Port: Little River Best Catch: Lucy!! Occupation: Real Estate Agent	HEY JIMMYC.........THANKS FOR THOSE COMMENTS. I FELT THAT THE LENDERS SHOULD SHARE IN THE ASSUMPTION OF BLAME PUT ON US REAL ESTATE AGENTS BY SPORTFINGUSA. OBVIOUSLY THAT CALLER WASNT AWARE THAT WE DONT LOAN MONEY. ONCE AGAIN .....HONEST MISTAKE.

06-23-2008, 04:47 PM	#16
saltwaterbucks Crab mustard is good Join Date: Feb 2005 Posts: 832 Credits: 390.5	Hint: Mix It Up & Introductions If you’re not sure where to post, this is the forum for your post. Funny pictures, videos and introductions by new members are posted here. You will also find a lot of general fishing talk, sports, weather, news and political views. Mix it Up can get wild as we allow it to head off topic some.

06-23-2008, 04:59 PM	#17
Ace1st Crab mustard is good Join Date: Jul 2007 Location: Myrtle Beach SC Posts: 998 Credits: 2,195.4 Boat: Sea Vee CC Home Port: Little River Best Catch: Lucy!! Occupation: Real Estate Agent	i am so taken back by these statements......so you are blaming the Real Estate industry for the market as it is now. SO A CLIENT WALKS IN MY OFFICE AND WANTS TO BUY A HOUSE OR CONDO. HE HAS A SUBSTANTIAL EARNEST MONEY DEPOSIT AND ASK FOR ME TO SHOW HIM SOME PROPERTY. I SHOW HIM A CONDO THAT HE WISHES TO CONTRACT, IN HAND I HAVE A BANK WRITTEN APPROVAL LETTER REGARDING THIS INDIVIDUALS FINANCIAL ABILITY. THE BANK SAYS .........YES......HE CAN AFFORD THAT. SO WE CONTRACT AND CLOSE ON THE PROPERTY THROUGH SAID BANK. NOW.........TWO YEARS LATER THE MARKET GOES SOUTH AND YOU BLAME US FOR THE TANK. I DONT GET IT ? HEY BUT THANKS FOR THE TONE DOWN, I DO APPRECIATE YOUR COOPERATION.

06-23-2008, 05:03 PM	#20
Ace1st Crab mustard is good Join Date: Jul 2007 Location: Myrtle Beach SC Posts: 998 Credits: 2,195.4 Boat: Sea Vee CC Home Port: Little River Best Catch: Lucy!! Occupation: Real Estate Agent	GOOD ONE THERE, WHY DONT YOU SAY HOW YOU REALLY FEEL? SURPRISED YOU DIDNT FLY THE BIRD TOO. OH YEAH THERES A PIMPLE ON YOUR MOON THAT RESEMBLES.........