thegugg

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5 Comments

    • Did Inaccurate Credit Scores Cause Subprime Crisis? [view article]
      If you belive every rumor out there, then I would qustion motivation. Clearly the blame game is the blogers forum. I worked in this industry, it had nothing to do with scores. It had everything to do with greed. The investment banks found conduits for risky paper, and less then ethical people sold as gold. Mar 25 08:09 AM
    • February Existing Home Sales Fell 23.8% [view article]
      I don't think that anyone is jumping for joy on this news, but lets not always compare to the previous year, maybe a weight average of good and bad years. It is crazy to measure against years that were out of whack anyway. Clearly 2003, 2004, 2005 and 2006 were years of extraordinary gains; not only in dollar volume, but in units sold as well. The inventory is different problem all together, its the hangover from the exuberence. Probably will erode any pricing power for sellers, till we wash out the bad and the ugly. Mar 24 07:33 PM
    • Real Estate Brokers Must Hate Economists [view article]
      I'm curious if Jubin has ever worked with a Real Estate professional before? So Jubin are you jealous, or are you another finger pointer from behind the screen of a computer. I see so much lounge chair quarterbacking, I don't see you in the trenches where people get hurt, just another finger pointer assigning blame to bring traffic to website. I'm not sure who is worse the Real Estate industry or the blogging industry. Real Estate is highly regulated, bloggers like you can say what they want, with out recourse. I'm sure you see the world like an avatar buying and selling real estate with out commissions, with out lawyers, mortgage companies, title insurance, and why don't we say the hell with taxes as well. The government is not efficient with management so lets just not pay then either. Maybe we can remove all sales people from the equation that receive a commission because are the services worth it? Well Jubin I don't buy your sales pitch. Feb 15 07:38 AM
    • Foreclosures Have Peaked and It's Time To Buy? Not So Fast [view article]
      I take exception to your comment "Bug Off" I'm a informed real estate agent that never pushed anyone in any direction. I find experts/bloggers are quick to point fingers of blame. There is plenty of blame to go around with this mess, created by good old fashion greed.

      We have become a culture of the "quick buck" and this time it was real estate. Many buyers got caught in the late stage boom and discovered that real estate is not as liquid as tech stocks.

      I don't know if Tim has profited from real estate, but my gut tells me that he has. Tim you seem draw pleasure from the bad news. I believe we have a cultural problem that has led to the "I want to be like Paris Hilton" syndrome.

      Don't blame the Mortgage Brokers, Real Estate Agents, Freddie, Fannie, FHLBB, FDIC, FHA or any other conduit. This is clearly an example of GREED gone bad for the uninformed. In a way this is how the American dream succeeds and fails. In the end we will all pay the price for our greed, it's nature's way.....

      P.S. Keep up the good work.       Dec 20 08:55 AM
    • Critiquing the WSJ on Subprime: Media Hype That Misses the Point [view article]
      I agree in total with the article. Our culture is all about chasing the money, the quick buck, flip that house, bla bla bla. All of these bubbles end with finger pointing and blame. The propaganda turns usually rational people into believers of the quick buck. You too can be rich like Paris Hilton with no money down. In a way this optimism is what makes this country so great, and a bit crazy too. I hope one day as a nation we become a little less selfish. Dec 04 07:25 AM
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