Tuesday, March 27, 2012

Realtors - grow some nads


Now that I have stepped down from Bubba Burger, I thought maybe sell the house and downsize - there are so many deals out there. So my wife and I do some research and on the surface it looks like we can sell our house for "x" and buy smaller for "y." The math worked until we met the realtor.  They have become experts in reducing expectations.  They stay quiet then show comps in less desirable areas and say this is what your house needs to be priced at to sell before the next millennium.

It is ridiculous.  I have built five houses.  Basically the number suggested was less than the lumber to build new and what the heck - let's throw the land in for free.

Anyone that knows me personally knows I am a conservative democrat who on occasion votes for the elephant.Ronald Reagan was one of those times.  We were in "stagflation" a new economic anomaly. I was in business school at the time and learned in ECO101 that peoples expectations was part of the mathematical equation. Huh. So Ronnie's staff knew this.  They conjured up trickle down Reaganomics and sold it to the nation and said things will get better.  The "expectation" was stagflation and 18% mortgage interest would go away. Huh.

Guess what folks - it freakin' worked!

Reaganomics was a bunch of crap and years later David Stockman, the guy that conjured it up like a potion for the American people it would admit that, but what did work was expectations.

So listen up realtors, raise prices, set expectations that the housing crises is over and guess what it will be. For us - we will stay in our wonderful house.