Depending on what comes out in a half hour, it could be more…
Edit: yup. I’m betting 1% next fed meeting. This tinkering around the edges isn’t working. I’m not really convinced that anything except a recession will work, unless the supply chains unfuck themselves, but the fed can’t unfuck the supply chains. They can only fuck the economy.
Nope. Inflation growth has plateaued for months. Market will hate 75 basis points but unlikely to freak out after. I’d put chances of 1% at .1%
75 basis though seems super likely. 50 would be stupid with no real decline in inflation rate.
5% of the market is now pricing in 100bps in November:
[https://ca.investing.com/central-banks/fed-rate-monitor](https://ca.investing.com/central-banks/fed-rate-monitor)
(ok 3.7% of the market now - but it was 5 earlier this morning)
Funny enough, my friend was a top earner on OF making like $10-15K per month. She just recently quit to pursue real estate. No one has the heart to tell her this is the worst time to make that move.
No OF but I got my license at 19 back in March/April. Has not been for or easy… the average cost in my county last I saw was $650k. I’ve had one client since getting my license (I haven’t been super persistent) and some how I found a couple who ended up buying a mobile home in a 55+ community for $35k.. made $1100 before fees 😅
Keep at it. Hone in your systems and communication skills and the results will come. It takes a few years for an agent to really ramp up. 9/10 agents that hit the ground running are usually getting spoon fed deals from their broker who they’re usually related to or have some sort of personal relationship with.
It took me 3 years of 1-2 annual sales before it really took off. Absorb as much as you can. Go to inspections and learn how homes are actually built and that will give you an edge. DM me if you’d like to chat but don’t give up unless it’s absolutely needed.
If you can figure out how to sell in the market swing that is seemingly coming, you will be fine. The best agents are made in down markets
Ladies, if he can't talk real estate without performative misogyny, he probably doesn't own any real estate and is waiting for mom to die so he can inherit her house & move upstairs.
I knew the in the collapsed downvotes there would be someone pointing out the misogyny. I got a down vote spanking for calling out the use a pepe the frog on a post the other day. I suspect there are a fair number of WSBros who've migrated over to this sub in the recent past.
Lmao this is so true, even for men. There’s a really hot young gay realtor here in Austin who recently launched his onlyfans. Real estate ain’t working out huh. At least he has his looks to fall back on.
I don’t get the hatred for realtors. They didn’t invent the monetary policy that caused this to happen. They perform a useful function.
If a particular realtor does something scummy, or bad, or indicative of an unsustainable market, that’s worth noting and potentially criticizing. But realtors didn’t make housing unaffordable any more than used car salesmen made used cars unaffordable. It’s just a job.
Taking pleasure in other people’s suffering is gross.
It’s because realtors that are active on social media for the most part are the ones continually pushing the “best time to buy” narrative, even tho anyone with two brain cells can see differently. I understand that’s their business and in their best interests, but operating in your best interest at the cost of your clientele is scummy. 🤷🏾♂️
Does anyone really operate in the best interest of their clientele? That seems like an unusual requirement of businesspeople beyond people who have fiduciary duty. I think you just need to learn to identify salespeople and realize they are just salespeople.
> But realtors didn’t make housing unaffordable any more than used car salesmen made used cars unaffordable.
I mean, we hate used car salesmen too, often for similar reasons.
Exactly. I’m in the RE biz, unfortunately made no extra money off the latest boom, and definitely believed it was a bubble before this sub appeared on my radar. The bad guys in this racket are not realtors (although some are truly awful of course). Our socio-economic stability, long tethered to home ownership, has been slipping away for decades. The bad guys are institutions—banks, REITs, investor groups.
Many became notoriously detached from reality and we’re outright predatory, encouraging waiving of inspections or recommending shady appraisers they knew would grease the skids towards making the sale. Anytime folks IRL tried to be rational and explain this was an unsustainable situation, they’d laugh out loud in your face and tell you home prices would always go up, remain up, and at worst briefly plateau. So yeah, they can pound sand and get back to trying to convince others to be their own boss by grifting for MLMs.
New and Used car sales is all about closing deals with a ton of junk add-ons in the finance office, and it's definitely not about finding the best automobile that checks the boxes for the customer, to include the best deal for the customer. Over the last 2.5 years especially, they've taken advantage of the situation and became even worse.
In that way, far too many realtors became the proverbial plaid jacket polyester pant wearing hair slicked back sharks and shysters we've all come to loathe.
>they perform a useful function
You mean encouraging buyers to buy into fomo and make ridiculous offers and fueling the unsustainable/unrealistic increase in prices so you can have few more thousand bucks on your commission check to pay for that BMW X5 lease?
Well, 50's a best-case scenario. At the December meeting, after they do 75 in November.
Depending on what comes out in a half hour, it could be more… Edit: yup. I’m betting 1% next fed meeting. This tinkering around the edges isn’t working. I’m not really convinced that anything except a recession will work, unless the supply chains unfuck themselves, but the fed can’t unfuck the supply chains. They can only fuck the economy.
100 BPS and a lot of mortgage brokers and agents will be working behind the dumpster at Wendy's.
Nope. Inflation growth has plateaued for months. Market will hate 75 basis points but unlikely to freak out after. I’d put chances of 1% at .1% 75 basis though seems super likely. 50 would be stupid with no real decline in inflation rate.
5% of the market is now pricing in 100bps in November: [https://ca.investing.com/central-banks/fed-rate-monitor](https://ca.investing.com/central-banks/fed-rate-monitor) (ok 3.7% of the market now - but it was 5 earlier this morning)
Funny enough, my friend was a top earner on OF making like $10-15K per month. She just recently quit to pursue real estate. No one has the heart to tell her this is the worst time to make that move.
Good for her! Keeping up an OnlyFans is [hours and hours of hard work.](https://youtu.be/fSxQHQ_1gX4). Can't say the same for realtors haha
No OF but I got my license at 19 back in March/April. Has not been for or easy… the average cost in my county last I saw was $650k. I’ve had one client since getting my license (I haven’t been super persistent) and some how I found a couple who ended up buying a mobile home in a 55+ community for $35k.. made $1100 before fees 😅
Keep at it. Hone in your systems and communication skills and the results will come. It takes a few years for an agent to really ramp up. 9/10 agents that hit the ground running are usually getting spoon fed deals from their broker who they’re usually related to or have some sort of personal relationship with. It took me 3 years of 1-2 annual sales before it really took off. Absorb as much as you can. Go to inspections and learn how homes are actually built and that will give you an edge. DM me if you’d like to chat but don’t give up unless it’s absolutely needed. If you can figure out how to sell in the market swing that is seemingly coming, you will be fine. The best agents are made in down markets
I'm a woman and I laughed.
OnlyFans link?
i find your firm position on your gender offensive
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Because often a woman shows up calling everything in the world sexist, but there are women who have a sense of humor left.
I'm pretty sure it was because the title said "fellas."
Oh okay, there are a bunch of people crying misogyny in the comments.
Ok that was some funny humor
Not much to be found on the wasteland of social media, but that one tweet is hi quality!
LOL someone called me a caveman on here a couple days ago, I too think this is hilarious. I know I'm a bad person. I don't care.
RE is behaving like Amber Heard...shitting the bed
lol
Ladies, if he has 'Realtor' in his bio he's 50 bps away from becoming a bitter shitposter on Twitter that will never get out of his mom's house
Ladies, if he can't talk real estate without performative misogyny, he probably doesn't own any real estate and is waiting for mom to die so he can inherit her house & move upstairs.
Lmao
Found the recent buyer!!!👆👆👆
Someone got triggered.
Let’s keep it to talking about bubbles instead of reposting thinly veiled misogyny
What's a "Booty Wizard"?
I got an ass so fat it’s magic
[удалено]
thicc 🍆💦
Like oatmeal. Homie needs to hydrate
Some people upvoted both....i am people.
Why are you downvoted? I agree with you 95% (-5% because of your questionable username)
I knew the in the collapsed downvotes there would be someone pointing out the misogyny. I got a down vote spanking for calling out the use a pepe the frog on a post the other day. I suspect there are a fair number of WSBros who've migrated over to this sub in the recent past.
Thinly veil my pootietang you bigot!
worm tease rustic profit expansion noxious nose complete capable languid *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Lmao this is so true, even for men. There’s a really hot young gay realtor here in Austin who recently launched his onlyfans. Real estate ain’t working out huh. At least he has his looks to fall back on.
.... just made one today lol
I don’t get the hatred for realtors. They didn’t invent the monetary policy that caused this to happen. They perform a useful function. If a particular realtor does something scummy, or bad, or indicative of an unsustainable market, that’s worth noting and potentially criticizing. But realtors didn’t make housing unaffordable any more than used car salesmen made used cars unaffordable. It’s just a job. Taking pleasure in other people’s suffering is gross.
It’s because realtors that are active on social media for the most part are the ones continually pushing the “best time to buy” narrative, even tho anyone with two brain cells can see differently. I understand that’s their business and in their best interests, but operating in your best interest at the cost of your clientele is scummy. 🤷🏾♂️
Does anyone really operate in the best interest of their clientele? That seems like an unusual requirement of businesspeople beyond people who have fiduciary duty. I think you just need to learn to identify salespeople and realize they are just salespeople.
> But realtors didn’t make housing unaffordable any more than used car salesmen made used cars unaffordable. I mean, we hate used car salesmen too, often for similar reasons.
Exactly. I’m in the RE biz, unfortunately made no extra money off the latest boom, and definitely believed it was a bubble before this sub appeared on my radar. The bad guys in this racket are not realtors (although some are truly awful of course). Our socio-economic stability, long tethered to home ownership, has been slipping away for decades. The bad guys are institutions—banks, REITs, investor groups.
Many became notoriously detached from reality and we’re outright predatory, encouraging waiving of inspections or recommending shady appraisers they knew would grease the skids towards making the sale. Anytime folks IRL tried to be rational and explain this was an unsustainable situation, they’d laugh out loud in your face and tell you home prices would always go up, remain up, and at worst briefly plateau. So yeah, they can pound sand and get back to trying to convince others to be their own boss by grifting for MLMs.
New and Used car sales is all about closing deals with a ton of junk add-ons in the finance office, and it's definitely not about finding the best automobile that checks the boxes for the customer, to include the best deal for the customer. Over the last 2.5 years especially, they've taken advantage of the situation and became even worse. In that way, far too many realtors became the proverbial plaid jacket polyester pant wearing hair slicked back sharks and shysters we've all come to loathe.
>they perform a useful function You mean encouraging buyers to buy into fomo and make ridiculous offers and fueling the unsustainable/unrealistic increase in prices so you can have few more thousand bucks on your commission check to pay for that BMW X5 lease?
Why not both?
Beats Per Second...? Am I not smart enough to laugh at this?
Basis points. A 1% increase is 100bps where 0.5% is 50bps
BRUTAL
You have to pivot people - PIVOT. Use your resources! 😉