| Steve Horrillo 2005-06-17, 11:27 pm |
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On 16-Jun-2005, "Steve" <tm4525@aol.com> wrote:
quote:
> I don't see that investors have competition in real estate. There are
> 100s of properties available. What are we competing for? Its not like
> art collecting where you might want a particular piece. Investors look
> for value and return. One indication that an area is overpriced, like
> downtown lauderdale, is when owning costs more than renting in the same
> area. In NYC you can pay 1.4M for an apartment, but easily get $6K/Mo
> to rent it. Not so in most of lauderdale, indicating that the demand
> for housing is lower than the demand by investors to buy on
> speculation. Today's "investors", in many cases, are just people who
> think that no matter what they buy it will be worth 20% more next year.
> You don't seem to have any insight on the subject, nor have you said
> anything to convince me that such value exists. You guys are just
> playing it by ear it seems, hoping that the "buzz" continues.
Then why is there so much "juice" against realtors among the investment
community? Investors say Realtors are regarded by the public as lower than
"used car salesmen." Yet in practice from what I've seen the profession is
respected by the public. The vast majority of FSBO's are doing it to save
money, not because they have a low regard for the profession. On the other
hand investors are known as Vultures, they even call each other Vultures!
That's the mentality investors seem to have. Me against the world of
deadbeat property owners and evil realtors. At least online that's how they
are coming across. And always posting anonymously.
--
Warmest regards,
Steve Horrillo, Realtor | Trainer | Hypnotherapist
http://brokeragenttraining.com (Advanced training for real estate
professionals)
http://over100percent.com (Realtors earn over 100 percent)
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