Real Estate Agents
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- powertoni0
This bailout is 700 billion dollars worth of Duct tape
It really makes it seems like the bullk of economic growth over the past 15-20 years has been strictly through debt and therefore an illusion of wealth.
- airey0
started the new thread. please help it grow and help us understand our less evolved, orange buddies.
- slappy0
I like where I live, I have a cool Danish realestate agent who's great to work with and I also love the place Im moving to when my house is sold.
- Tark0
Everyone hates their current situation no matter where they live. I hope we can all sort this global mess out. Oil is the root of all evil and greed.
- Nathan_Adams0
Yeah, it bites.
In Adelaide it's mental. They keep insisting on building only 2 and 3 story townhouses in the CBD, when they should be building proper apartment towers. Meanwhile they keep sprawling out such that the metro area is bigger than London, with less than 1/10th the population. Ludicrous.
Add to that the fact they want to attract more younger people into the city, and yet you get rejected for every application because the agents immediately put that demographic in the "don't want to know them" basket.
- airey0
can we go back a step. what's with the dudes from new jersey being orange? i mean i've seen fake tans before but that's orange! it's orange. it's orange. it's fucking orange! how do these fuck knuckles not get laughed at skipping down the road? unless they're rowing a giant boat up a chocolate river while discussing union regulations with johnny depp in a bad wig it's just wrong.
- hahah_salisae_
- hahhaahaaha...i think they deserve their own thread.powertoni
- theres lots more where they come frompowertoni
- powertoni sorta snuck those guys in but maybe we should start a thread called orange oompaloompas cuz the real estate thread is too serious for them.Tark
- i for one can't get enough_salisae_
- real estate thread is too serious for them to be in.Tark
- _salisae_0
Over-the-counter (OTC) derivatives are contracts that are traded (and privately negotiated) directly between two parties, without going through an exchange or other intermediary. Products such as swaps, forward rate agreements, and exotic options are almost always traded in this way. The OTC derivative market is the largest market for derivatives, and is unregulated. According to the Bank for International Settlements, the total outstanding notional amount is $596 trillion (as of December 2007)[1]. Of this total notional amount, 66% are interest rate contracts, 10% are credit default swaps (CDS), 9% are foreign exchange contracts, 2% are commodity contracts, 1% are equity contracts, and 12% are other. OTC derivatives are largely subject to counterparty risk, as the validity of a contract depends on the counterparty's solvency and ability to honor its obligations.
- Tark0
Oh wait...better take this to political thread _salisae_
jk
funny how anything controversial always leads to the poli sci thread
- _salisae_0
Bail out the institution... to hell with the subprime borrower? Oh really...look a little closer
The real bail out here is for these Credit Default Swaps...OTC deriviatives...these toxic deregulated activities were blessed and passed into law by Congress in 2000...Thank largely in part to ex-sentor Phil Gramm...CEO of UBS...McCain finance minister...
Repeal of the Glass Steagal Act in 1999 was another one of the his feathers in his cap. The congress...the president...banks...insurance companies, hedge funds, pension funds...etc...let this ride for atleast 8 years.
These OTC deriviatives were called by Buffet as investments of Mass Destruction...he personally had to clean up and unwind a company that he brought that was wrapped up in these kinds of products.
Get ready for government owned entities that we as taxpayers all own but have no control of...remember, this is just the beginning.
- BuddhaHat0
Prices going up, the Reserve Bank dropped interest rates for the first time in a long time recently, availability of housing is terrible, and there aren't enough new houses being built to cope with existing demand let alone the current immigration influx. That said, only a few banks were exposed to the catastrophe in the US and we're not suffering as badly as the US right now.
I read an article about one apartment block in Miami where over 200 apartments in the same building foreclosed at the same time... there's certainly nothing like that happening here...
- Tark0
how is the housing market in Oz at the moment?
- BuddhaHat0
They have no souls, and will surely spend eternity in purgatory. Along with the fraudulent mortgage sharks responsible for putting such a dent in the world economy.
- or the fucking idiots who borrowed heavily with no job, belongings or equity.airey
- The majority of whose loan applications would have been knocked back, had checks, balances and ethics been in placeBuddhaHat
- placeBuddhaHat
- SERIOUSLY! I get so sick of people complaining about the irresponsibility of people who couldnt manage money taking the free money.powertoni
- the free money...powertoni
- Tark0
i just fired a client who is a real estate agent. good to be one if you know how to fix houses up. then you are gold. otherwise fire them and be cautious.
- powertoni0
- holy shit. this guy can't be for real?!?airey
- oh...my man. Allow me to intoduce you to a wonderful land known as "New Jersey"powertoni
- http://www.damnfunny…powertoni
- sofakingbanned0
I hear its a great time to get in on this profession.
I'll be making over 100k by the end of the year!Where do I sign up!!!!
* I know, that was unnecessary :)
- BabySnakes0
assholes as an Agent or as a Client? As a client NO!