Via the OCRegister:
Realtors out of commission
Agents seek income elsewhere as their share of local home sales has plunged by $645 million in two years.
By JEFF COLLINS
The Orange County Register
Orange County real estate agents collectively earned about 13 percent less in commissions from home sales last year than the year before. And their income was down about 42 percent from 2005, shrinking by $645 million in the past two years.
That's a lot of multiplier lost in a local economy. Let's hear it for the hurting Realitter:
11 comments:
F I R S T ... those Realtors would've had another banner year in commissions if they hadn't rejected my applications for my 9th through 156th houses. Bah. What does a guy with a 402 FICO have to do to get an eightieth loan with a 65th different lender around here? Sheesh...
Here's my contribution to the Realturd®
Worlds smallest violin
http://moblog.co.uk/blogs/2541/moblog_bfb2fc0fd2f37.jpg
I heard they were all going to go into the medical profession. Because the market for medical care will be growing by 25% indefinitely!
Casey the bedpan nurse with a murse!
New Century Financial, whose failure just a year ago came at the start of the credit crisis, engaged in “significant improper and imprudent practices” that were condoned and enabled by auditors at the accounting firm KPMG, according to an independent report commissioned by the Justice Department.
Oops, I meant to say "25% annually." Because people aren't getting any younger!
I am a potential straw buyer looking to make a killing in the R.E. market. Can someone refer me to where I can get the most sweet cash back and the highest passive income?
Ablebuyer.com
And that is a random reference to Vanessa Mae!
Dawg, I don't think it is very nice to trick a future R.E. tycoon like that. :(
Article
"Patricia Guerrero was making $70,000 a year. Weeks later, with bills piling up and in need of food for her family..."
"She has had to take extreme measures to pay for her interest-only mortgage of $2,500 a month."
I don't even dare post a comment to this article.....according to my calculation that payments makes it a >$500K shack.
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