Comments on: Excuse Me? http://www.arcadiahousingblog.com/2008/03/15/excuse-me/ Tracking the Arcadia and San Gabriel Valley Housing Market Sat, 04 Feb 2012 08:44:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: SavedbyGrace http://www.arcadiahousingblog.com/2008/03/15/excuse-me/comment-page-1/#comment-863 SavedbyGrace Tue, 18 Mar 2008 03:01:06 +0000 http://www.arcadiahousingblog.com/2008/03/15/excuse-me/#comment-863 Welcome IB! I agree that it is difficult to capture many of the untangible qualities of property with numbers. GRM, $/sqft and other numerical measures provide a general feel of things, but neglects to account for things like neighborhood desirability. Welcome IB!

I agree that it is difficult to capture many of the untangible qualities of property with numbers. GRM, $/sqft and other numerical measures provide a general feel of things, but neglects to account for things like neighborhood desirability.

]]> By: IdiotBoy http://www.arcadiahousingblog.com/2008/03/15/excuse-me/comment-page-1/#comment-862 IdiotBoy Tue, 18 Mar 2008 02:11:10 +0000 http://www.arcadiahousingblog.com/2008/03/15/excuse-me/#comment-862 I was pleasantly surprised to stumble on this blog today. Agree generally with much of the bearishness, but not always. Typically, I think your focus on GRM (which, admittedly, you only use as a short-hand tool) tends to undervalue many of these "sold for land" types of properties. Part of the bedrock appeal of LA generally, and the SGV specifically, is that you can have most or all of the benefits of a big city but still have a nice big back yard, pool, hell, maybe even a sports court. Moreover, at some point above 3,000 square feet, the relative value of additional lot, compared to additional house, has to begin to swing heavily in the direction of the lot. Wish their were a tool that could capture that in a way that could reliably predict changes in price... I was pleasantly surprised to stumble on this blog today. Agree generally with much of the bearishness, but not always. Typically, I think your focus on GRM (which, admittedly, you only use as a short-hand tool) tends to undervalue many of these “sold for land” types of properties. Part of the bedrock appeal of LA generally, and the SGV specifically, is that you can have most or all of the benefits of a big city but still have a nice big back yard, pool, hell, maybe even a sports court. Moreover, at some point above 3,000 square feet, the relative value of additional lot, compared to additional house, has to begin to swing heavily in the direction of the lot. Wish their were a tool that could capture that in a way that could reliably predict changes in price…

]]> By: TheArcadian http://www.arcadiahousingblog.com/2008/03/15/excuse-me/comment-page-1/#comment-849 TheArcadian Mon, 17 Mar 2008 16:19:40 +0000 http://www.arcadiahousingblog.com/2008/03/15/excuse-me/#comment-849 1. Be honest with all parties in the transaction – not just with you, as his or her client, but also with the other real estate practitioner and his or her clients. 2. Put your interests ahead of his or her own, at all times. 3. Disclose all pertinent facts regarding the property and the transaction to both buyer and seller. 4. Be truthful in all communications with the public. (Grabbed straight from <a href="http://www.realtor.org/mempolweb.nsf/pages/code" rel="nofollow">Realtor.org</a>) 1. Be honest with all parties in the transaction – not just with you, as his or her client, but also with the other real estate practitioner and his or her clients.

2. Put your interests ahead of his or her own, at all times.

3. Disclose all pertinent facts regarding the property and the transaction to both buyer and seller.

4. Be truthful in all communications with the public.

(Grabbed straight from Realtor.org)

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/03/15/excuse-me/comment-page-1/#comment-833 SavedbyGrace Mon, 17 Mar 2008 05:08:30 +0000 http://www.arcadiahousingblog.com/2008/03/15/excuse-me/#comment-833 Do we have any brave, bullish realtors on board who would like to chime in? I've never taken an RE class, but it doesn't take more than common sense to know what they're doing is wrong. Walking into a bear's den isn't easy, but it would bring balance to the discussions here if we had a resident bull on board. Do we have any brave, bullish realtors on board who would like to chime in? I’ve never taken an RE class, but it doesn’t take more than common sense to know what they’re doing is wrong.

Walking into a bear’s den isn’t easy, but it would bring balance to the discussions here if we had a resident bull on board.

]]> By: SparklingWater http://www.arcadiahousingblog.com/2008/03/15/excuse-me/comment-page-1/#comment-828 SparklingWater Mon, 17 Mar 2008 04:03:50 +0000 http://www.arcadiahousingblog.com/2008/03/15/excuse-me/#comment-828 I'm not familiar with the world of realtors but surely there must be some sort of ethical codes that may result in the ban of their license? I’m not familiar with the world of realtors but surely there must be some sort of ethical codes that may result in the ban of their license?

]]> By: Beachy http://www.arcadiahousingblog.com/2008/03/15/excuse-me/comment-page-1/#comment-821 Beachy Sun, 16 Mar 2008 21:59:06 +0000 http://www.arcadiahousingblog.com/2008/03/15/excuse-me/#comment-821 Estimated payment: 8K per month. Shyeah! I'm surprised there aren't people lining up to purchase it. Estimated payment: 8K per month. Shyeah! I’m surprised there aren’t people lining up to purchase it.

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/03/15/excuse-me/comment-page-1/#comment-807 SavedbyGrace Sun, 16 Mar 2008 00:48:47 +0000 http://www.arcadiahousingblog.com/2008/03/15/excuse-me/#comment-807 I agree. This house would have been worth less in 96/97 when the market bottomed. As for the realtor, he should be fired for unethical conduct. I agree. This house would have been worth less in 96/97 when the market bottomed. As for the realtor, he should be fired for unethical conduct.

]]> By: Matt http://www.arcadiahousingblog.com/2008/03/15/excuse-me/comment-page-1/#comment-803 Matt Sat, 15 Mar 2008 23:39:41 +0000 http://www.arcadiahousingblog.com/2008/03/15/excuse-me/#comment-803 Also the picture of the house is 6 years old. The 1993 price of $533K was rather high. The market did not bottom out until late 1996. I bet the low price was in the low $400K's. This realtor should be reported to the Real Estate license board for making the last two statements. That is the worst I have ever seen and borders on covering up the potential sale to the tenants and scaring the buyer that the dog make attack. I would dare someone to print the MLS and put it on the door. Also the picture of the house is 6 years old.

The 1993 price of $533K was rather high. The market did not bottom out until late 1996. I bet the low price was in the low $400K’s.

This realtor should be reported to the Real Estate license board for making the last two statements. That is the worst I have ever seen and borders on covering up the potential sale to the tenants and scaring the buyer that the dog make attack.

I would dare someone to print the MLS and put it on the door.

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