Comments on: Real Estate Brokers: The Latest Victims of the Housing Crunch http://www.dailyreckoning.com.au/real-estate-brokers-the-latest-victims-of-the-housing-crunch/2008/12/20/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Pete http://www.dailyreckoning.com.au/real-estate-brokers-the-latest-victims-of-the-housing-crunch/2008/12/20/comment-page-1/#comment-72159 Pete Wed, 01 Apr 2009 02:57:17 +0000 http://www.dailyreckoning.com.au/?p=4653#comment-72159 Mostly agree with you on this one Greg, except that I think some creative business people can write a lot of the 'sports car' off on Tax... :\ But points taken :) Mostly agree with you on this one Greg, except that I think some creative business people can write a lot of the 'sports car' off on Tax... :\

But points taken :)

]]> By: Greg Atkinson http://www.dailyreckoning.com.au/real-estate-brokers-the-latest-victims-of-the-housing-crunch/2008/12/20/comment-page-1/#comment-72150 Greg Atkinson Wed, 01 Apr 2009 02:07:53 +0000 http://www.dailyreckoning.com.au/?p=4653#comment-72150 Biker Pete...actually I reckon you can judge a financial adviser by his/her car. The way I see it most cars are the worst purchases we ever make (most often zero return and they cost us a fortune to run/maintain) so if your financial adviser has some top of the range sports car I would suggest: 1. They are pretty carefree with their money. I mean if they were so sure of the advice they were dishing out they would invest every spare cent in the products they were selling..oops I meant advising on. 2. Your fees are helping him/her be carefree with their money. The car is not any sign of how well his/her clients are doing, it is just a reflection of the fees/commissions they are getting. In any case, do you want someone who is carefree with their money managing yours? Okay..maybe I am off the point here..sorry ;) Biker Pete...actually I reckon you can judge a financial adviser by his/her car. The way I see it most cars are the worst purchases we ever make (most often zero return and they cost us a fortune to run/maintain) so if your financial adviser has some top of the range sports car I would suggest:

1. They are pretty carefree with their money. I mean if they were so sure of the advice they were dishing out they would invest every spare cent in the products they were selling..oops I meant advising on.

2. Your fees are helping him/her be carefree with their money. The car is not any sign of how well his/her clients are doing, it is just a reflection of the fees/commissions they are getting. In any case, do you want someone who is carefree with their money managing yours?

Okay..maybe I am off the point here..sorry ;)

]]> By: Pete http://www.dailyreckoning.com.au/real-estate-brokers-the-latest-victims-of-the-housing-crunch/2008/12/20/comment-page-1/#comment-72008 Pete Tue, 31 Mar 2009 09:28:47 +0000 http://www.dailyreckoning.com.au/?p=4653#comment-72008 Hey Biker Pete... we don't discriminate! We hate just about everyone: realtors, developers, investors, homeowners, landlords, politicians, banks, borrowers, lenders, FHBs, new car owners, old car owners, the rich, the spendthrift poor... and optimists, particularly optimists! We've a stereotype to fit every situation and a handful of cliches to describe it. Welcome to our exclusive group! ;) Hey Biker Pete... we don't discriminate! We hate just about everyone: realtors, developers, investors, homeowners, landlords, politicians, banks, borrowers, lenders, FHBs, new car owners, old car owners, the rich, the spendthrift poor... and optimists, particularly optimists! We've a stereotype to fit every situation and a handful of cliches to describe it. Welcome to our exclusive group! ;)

]]> By: Biker Pete http://www.dailyreckoning.com.au/real-estate-brokers-the-latest-victims-of-the-housing-crunch/2008/12/20/comment-page-1/#comment-71976 Biker Pete Tue, 31 Mar 2009 06:29:21 +0000 http://www.dailyreckoning.com.au/?p=4653#comment-71976 Yes, you can judge a man by his car, all right. That's how we here at ADR evaluate how well people are doing. Giggle!~ Yes, you can judge a man by his car, all right. That's how we here at ADR evaluate how well people are doing. Giggle!~

]]> By: alf http://www.dailyreckoning.com.au/real-estate-brokers-the-latest-victims-of-the-housing-crunch/2008/12/20/comment-page-1/#comment-59382 alf Sun, 28 Dec 2008 02:23:26 +0000 http://www.dailyreckoning.com.au/?p=4653#comment-59382 Some life are still running on borrowed money, borrowed time and borrowed 'hope and promise'. Anything in life that once thought to be solid and storm-free will be shaken. For those who will be facing severe financial realignment first time in their lives, may you be blessed with a new perspective of life purpose. Choose and live wisely. Some life are still running on borrowed money, borrowed time and borrowed 'hope and promise'. Anything in life that once thought to be solid and storm-free will be shaken.

For those who will be facing severe financial realignment first time in their lives, may you be blessed with a new perspective of life purpose. Choose and live wisely.

]]> By: Greg Atkinson http://www.dailyreckoning.com.au/real-estate-brokers-the-latest-victims-of-the-housing-crunch/2008/12/20/comment-page-1/#comment-58512 Greg Atkinson Mon, 22 Dec 2008 12:19:36 +0000 http://www.dailyreckoning.com.au/?p=4653#comment-58512 Pete, I think it is a little early to write off the world at this stage. Readers also need to note the little tricks people employ such as the use of the ASX All Ords chart...if we are talking about investment returns it is more accurate to use the accumulation index or have the bears suddenly forgotten about dividends? (many of which are fully franked) Of course the accumulation index chart is not as scary as the the plain All Ords chart and hence the reason the doom and gloom crowd seldom use it. Pete, I think it is a little early to write off the world at this stage. Readers also need to note the little tricks people employ such as the use of the ASX All Ords chart...if we are talking about investment returns it is more accurate to use the accumulation index or have the bears suddenly forgotten about dividends? (many of which are fully franked) Of course the accumulation index chart is not as scary as the the plain All Ords chart and hence the reason the doom and gloom crowd seldom use it.

]]> By: gloomboom.com http://www.dailyreckoning.com.au/real-estate-brokers-the-latest-victims-of-the-housing-crunch/2008/12/20/comment-page-1/#comment-58449 gloomboom.com Sun, 21 Dec 2008 17:17:28 +0000 http://www.dailyreckoning.com.au/?p=4653#comment-58449 It it incredible that Realtors thought the prices of homes would rise forever. But based on the last few decades they had a point! I lived in California for about 40 years and prices just kept rising, really rising. Now reality hits. Bang! It it incredible that Realtors thought the prices of homes would rise forever. But based on the last few decades they had a point! I lived in California for about 40 years and prices just kept rising, really rising. Now reality hits. Bang!

]]> By: Pete http://www.dailyreckoning.com.au/real-estate-brokers-the-latest-victims-of-the-housing-crunch/2008/12/20/comment-page-1/#comment-58421 Pete Sun, 21 Dec 2008 10:26:13 +0000 http://www.dailyreckoning.com.au/?p=4653#comment-58421 Greg: yet... no point speculating on the present, we speculate on the future Greg:

yet...

no point speculating on the present, we speculate on the future

]]> By: Greg Atkinson http://www.dailyreckoning.com.au/real-estate-brokers-the-latest-victims-of-the-housing-crunch/2008/12/20/comment-page-1/#comment-58405 Greg Atkinson Sun, 21 Dec 2008 05:46:01 +0000 http://www.dailyreckoning.com.au/?p=4653#comment-58405 I think we can actually overestimate the current crisis. For example our financial system has not collapsed. Last time I checked my money was still good at the shops, my bank account was still intact and credit card transactions etc. carry on as normal. Companies still pay salaries, world trade still flows and the old capitalist method of transferring wealth continues even in communist China. I know things are bad, but the doom and gloom crowd were just as sure the sky was about to fall in after 9/11 and were predicting the virtual demise of the tech sector when the dot.com bubble burst. I am not quite ready to head to the hills and live in a fallout shelter yet :) I think we can actually overestimate the current crisis. For example our financial system has not collapsed. Last time I checked my money was still good at the shops, my bank account was still intact and credit card transactions etc. carry on as normal. Companies still pay salaries, world trade still flows and the old capitalist method of transferring wealth continues even in communist China. I know things are bad, but the doom and gloom crowd were just as sure the sky was about to fall in after 9/11 and were predicting the virtual demise of the tech sector when the dot.com bubble burst. I am not quite ready to head to the hills and live in a fallout shelter yet :)

]]> By: alf http://www.dailyreckoning.com.au/real-estate-brokers-the-latest-victims-of-the-housing-crunch/2008/12/20/comment-page-1/#comment-58328 alf Sat, 20 Dec 2008 09:01:42 +0000 http://www.dailyreckoning.com.au/?p=4653#comment-58328 Things are certainly not going to look good. The financial system that grew up over 30 years has evaporated in the space of 18 months. The collapses - subprime, ABC Learning, property and financial meltdown - you named it, this is just the beginning. It is not just the market that has collapsed, not just the economy that is going down the drains. In the frantic race to get rich, richer, individual has lost their moral compass. Bernie Madoff affair is not the only case, more surprises similar to Madoff and ABC will soon resurface during this period of financial realignment. Unlike financial assets, destroyed moral assets cannot be replaced by borrowing from someone else. They can only be rebuilt the long, hard and God-way. "Help, oh Lord, for righteousness is at an end, for men of trust are extinct among people." (Psalms 12:2) Blessings Things are certainly not going to look good. The financial system that grew up over 30 years has evaporated in the space of 18 months. The collapses - subprime, ABC Learning, property and financial meltdown - you named it, this is just the beginning.

It is not just the market that has collapsed, not just the economy that is going down the drains. In the frantic race to get rich, richer, individual has lost their moral compass. Bernie Madoff affair is not the only case, more surprises similar to Madoff and ABC will soon resurface during this period of financial realignment.

Unlike financial assets, destroyed moral assets cannot be replaced by borrowing from someone else. They can only be rebuilt the long, hard and God-way.

"Help, oh Lord, for righteousness is at an end, for men of trust are extinct among people." (Psalms 12:2)

Blessings

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