lasdc9

About Pinnacle Airlines, and Concentrated Risk

Airline stocks are not investments they are for day traders and gamblers. Regional airlines like Pinnacle are even more so, since their very existences are tied to the major carrier they code share with.

Pinnacles balance sheet is so closely tied to Northwest and now Delta that the earnings of Pinnacle are nothing more than manipulated figures of Delta and Northwest whims.

I once worked for an airline called West Air it was the Commuter Airline of the year in 1999 grew into a large regional airline and split in two, West Air and Atlantic Coast Airlines, then United pulled the code share contract and both West Air and ACA were gone.

It appears to me that Mohnish is nothing more than a big risk taker who hopes to hit one out of the park, but unfortunately keeps striking out.

Realtors, Prepare to Lose Your 6 Percent

Alan wrote

"The average man on the street knows that agent commissions are 6%. As Americans, we are not prone to haggling over prices as many other cultures do. That the 6% can be lowered simply by negotiation is just not considered by most people...the untutored...less sophisticated great un-washed masses, as you might call them, tend to pay what is asked."

Why will the majority of real estate buyers haggle over the sales price but sellers will not haggle over the commission rate I have never understood this.

Second if you have the time and can network with your assessor, title company sales reps, a local realtor or two you can get all of the information you need to make an informed decision on your own.

My third point is , as another poster stated there is a very low barrier to entry to become a realtor, if you do not like being excluded go out take the time get your license any broker will hire you and you can get all the information you need.

I will say it again if you are reasonably intelligent and have the time to spend doing the research you should sell your house on your own. If you do not have the time to do the research and the time to do the selling and follow up after the sale, which depending on the complexity of the transaction can involves a lot of time, then hire a realtor but negotiate the commission just like you would negotiate the sales price of the home you are selling or the purchase price of your new home. If the first realtor will not budge then interview the next if none will budge then sell the house by owner and let the agents in town that you will pay x commission if they bring you a buyer. Real Estate not rocket science each transaction takes time and effort to bring to a closed transaction that is what you pay or should be willing to pay a realtor for, their time.

Realtors, Prepare to Lose Your 6 Percent

Another poster wrote,

"I always thought paying your 6% was like paying the mob a vig. Let’s be serious, that percentage is more of a mob racket than a legitimate business. "

I have seen so many consumers post similar sentiment. I interpret this as "I have to use a realtor or my house won't sell and paying them is a rip off". You do not need to use a realtor if you think it’s a rip off then sell your house on your own.

I am a broker and the first thing I tell someone considering selling a house is if you are reasonably intelligent,
have the time to answer 25 to thirty phone calls a day (most of them similar to junk mail), can drop what your doing to show the property at a moments notice, can follow up with escrow officers, lawyers, lenders, home inspectors, and be a psychologist when the buyer has remorse in the middle of the night and calls to discuss their concerns at 3am then you do not need me to help you sell your house.

Realtors, Prepare to Lose Your 6 Percent

There is no such thing as a six percent commission unless the consumer agrees to one, all commissions are negotiable and always have been negotiable. Other options have always been available to any consumer such as for sale by owner or using a lawyer. My second point is that the only information realtors keep from the public is for security reasons things like alarm codes. Any other information is available to the public and can be found and has been available to anyone who wanted to take the time to look it up or ask for it. Local real estate boards take the time to compile this information and present it to their members in a single web site for which realtors pay a fee. I am a broker who is not a realtor and I am able to perform my business in any manor that I choose as long as I follow the state laws. This ruling will do nothing and will not change anything.