Name:	MartiniMan -	Reply
Subject:	The bloodbath lie by the gov't media
Date:	3/18/2024 8:34:58 AM

As if we didn't need any more reasons to believe the media is the enemy of the people, the latest abject lie is just another example of why the legacy media is an arm of the Democrat party and cannot be trusted.  So Trump said that if Biden is reelected it will be a bloodbath for the auto industry.  What does the media report?  Says that Trump said there will be a bloodbath in the country if he loses.  They literally stopped the clip at bloodbath and lied about it.  And it was repeated over and over by lying Democrats....which of course is a redundant term.

This is why you should not believe one thing the legacy media writes or says.....not one thing.  And this is why there are ongoing bloodbaths in the newsrooms all over the country with massive layoffs.  Because people are actually able to see what he really said, what is really going on and they no longer are willing to consume their garbage product because it is all lies and Democrat party talking points.  Of course it works with low-information, intellectually stunted leftists who don't really care about truth anyway because it is not a value they possess. Expect more of this as the election season grinds onto November.  Because they can't win on the merits of their ideas or the results of their disastrous policies.  They have to lie, gaslight and cheat.

Name:	lucky67 -	Reply
Subject:	The bloodbath lie by the gov't media
Date:	3/19/2024 9:45:09 AM (updated 3/19/2024 9:49:51 AM)

by mistake my remote hit MSNBC this morning around 6 am; morning Joe and Comrade mika were both having orgasms over  1) the word 'bloodbath'--never connected to his  auto indusrtry actual quote  and 2) trumps isssue of raising $464 mill bond in 30 days; one thing ive learned this year, after 48 years of business & mortgage  lending and being an expert witness for individuals, lenders, credit unions and yes even federal agencies, involving real estate and mortgage issues ( fraud, valuations, servicing, foreclosures, modifications, compliance and disclosures, etc., is that a DA in NYC and a Judge both know more about those issues than i do 

Name:	Shortbus -	Reply
Subject:	Yo Luck
Date:	3/19/2024 10:00:15 AM

Interested in your take on the court decision regarding realtors.  My take is that the sellers agent cannot list the percentage due the buyers agent on the MLS.  Is that the extent of it?  What might change?  Newbiebus has a house to sell.

Name:	lucky67 -	Reply
Subject:	Yo Luck
Date:	3/19/2024 11:26:59 AM (updated 3/19/2024 11:38:22 AM)

I think the whole idea of settling this case for $418 million over 4 years was crazy -NAR continues to deny any wrong doing-that cooperative compensation and NAR's policies benefit both buyers and sellers-personally I never saw where Plaintiffs presented actual proof of damages incurred-but i didnt review the full court documentation or final ruling--just the summary-(may have been in the fine print )-it is enlightening that none of the jurors  on the Sitzer-Burnett case were homeowners--sellers are and have always been able to accept/decline/ negotiate a listing commission--NAR has agreed in this settlement to prohibit putting on MLS the commission a buyers agent could expect to receive ( normally 1/2 of the agreed upon listing commission). MLS agents working with buyers will be required to enter into written representation agreements with their buyers - which has always been common sense--changes become effective July 2024; my comments are not to be construed as legal opinions just a perspective ; whats done is done, so we'll see how this plays out -

I'm sure you could view the full case ruling on the NAR website

Name:	lucky67 -	Reply
Subject:	Yo Luck
Date:	3/19/2024 4:24:09 PM

for MartiniMan: you posed the question as to why this NAR issue caused Zillow stock  to get killed so i'll give my opinion as to why; in order to advertise their listings/services on Zillow, agents must pay a subscription/usage fee, and commit for a period of time; so I venture some investors/short sellers are betting this settlement will curb agents income even cause many to exit the business//lower home prices, etc

Name:	MartiniMan -	Reply
Subject:	Appreciate it
Date:	3/20/2024 9:00:11 AM

Ah, that makes sense.  So sites that don't charge a fee will probably benefit from the settlement because agents will likely use them to save money.  I saw that the site homes.com took a big jump.  So I went there and they had all the listings of trulia and zillow but also had a few additional ones.  That will be my go to website to look at lake properties.

Name:	Lifer -	Reply
Subject:	Appreciate it
Date:	3/20/2024 10:51:48 AM

I don't know MM, I looked both of our places and the values they have listed are pretty unrealistic.  They also have our 1 bedroom, 1 bath 900sqft cottage valued only 30K less than our 3bedroom, 2 bath house with garage two doors down the road.  Of course I realize any of the online sites are wildly innacurate.  But when we bought the cottage the Zillow price came very close to the appraised value and I think it shows reasonable values on both now.  I would like to think that the values at homes.com is realistic but based on my 2 only it doesn't seem to reliable.

Name:	MartiniMan -	Reply
Subject:	Appreciate it
Date:	3/20/2024 1:26:17 PM

Agree on the prices.  I always look at the sold properties as opposed to how much they are listed for to get an idea about pricing.  I use them to keep track of what is for sale, at least what shows up on their sites.

Name:	Lifer -	Reply
Subject:	Appreciate it
Date:	3/20/2024 3:00:18 PM

I didn't look at any of that data, just the valuations on our 2 places and obviuosly their algorithym needs works. But from what you said they obviuosly have the better database of solds which is what is important.

Name:	MartiniMan -	Reply
Subject:	Appreciate it
Date:	3/20/2024 5:14:39 PM

Another interesting data point.  I have a Morgan Stanley account that includes all my assets.  Somehow they have a way to decide what the value of a home is, not sure how.  But they have my lakehouse, which I bought in 2003 for $212K listed as being worth $850K.  Now it's a nice but very basic house (3,200 sq ft) and a nice dock but it is up a slough and has only a few feet of water in the winter.  I don't think I'd pay that much for it.  But there is a new house not much further down my slough that they have listed for $1.75M.  It's also a nice house (nicer than mine) but there is no way I would pay that much for it.  I am watching with keen interest if it sells and for how much.

Name:	MrHodja -	Reply
Subject:	Appreciate it
Date:	3/20/2024 6:44:05 PM

You might be surprised.  We bought our cabin (not a Russell cabin but very similar) on Martin in 1995 and sold it last Fall on a cash sale for six times what we paid for it.  Enabled us to buy a much nicer place with a great view here on Lake Tallassee, also a cash sale, bought from a fellow church member who was reloacting into north Alabama somewhere.  Lake Tallassee (officially Thurlow Reservoir) is only 565 acres but much quieter than Martin and still big enough to get out and enjoy a boat ride.  Just have to be mindful of that line of white warning buoys.  I might like to see the turbines generating power but from the outside, not the inside, lol.

Name:	lucky67 -	Reply
Subject:	Yo Luck
Date:	3/21/2024 4:44:34 PM

and as to a comment that  buyers & sellers will be " rushing to the free sites" to find a home-- remember the phrase--NOTHINGS FREE