Summer

15 replies [Last post]
ezmoney's picture
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Joined: 2004-11-30

Is it me or has May and June really been slow. I'm dying here. If it wasn't for my fee based business, I'd be dead in the water. Thank god for fee based.

sienna's picture
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Joined: 2005-06-14

Actually, May and June have been pretty good for me...but I do have those months when nothing pans out.  I'm sure many on this forum will disagree, but annuitized business is the way to go.  Did you just get your quarterly hit?

Mike Damone's picture
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Joined: 2004-12-01

For me business was strong through May.  Since June it's been pretty dead.

doberman's picture
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Joined: 2005-02-22

Don't you guys know? Everyone's making money in real estate, now; not the stock market. Cash-out refinancing, interest-only mortgages, and flippin' condos. Yee haw!

blarmston's picture
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Joined: 2005-02-26

Yeah, and real estate is GUARANTEED to keep going up !!!! Screw American Funds, ETF's, GE stock, Muni Bonds, and such- just throw all your cash and assets in real estate ! Its a tangible asset- it cant go down......

skeedaddy's picture
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Joined: 2005-06-16

A buddy of mine (who has half the intellect or sophistication of anyone on
this board and doesn't even own a tie) made over $300K last year and is on
track to do as well this year as a mortgage broker. Kinda makes one
wonder.

sienna's picture
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Joined: 2005-06-14

Wonder if he's feeling the same way brokers did in the late '90s????

Mario's picture
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Joined: 2005-04-09

I am not old enough to remember what the early 90's was like but my prof. for my investments class told us the golden rule that every investment comes back to its mean.  real estate is no different.  in the next 5 years we will see the market go down.  for the people who made money in the past 5 years congradualations!  sell and get out now.  use another invesment vehical.  people in thos intrest only loans..you stupid fools. Like i said before i really cannot remember the early 90's but this time it seems like the average investor is way over thier heads.
Just my $.02

tjc45's picture
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Joined: 2005-05-06

ezmoney wrote:Is it me or has May and June really been slow. I'm dying here. If it wasn't for my fee based business, I'd be dead in the water. Thank god for fee based.
Summertime and the liv'in is easy. Or something like that. Biz has always slowed for me in the summer as I'm distracted by the lure of the warm air. Much time spent on the bike and the boat and time to recharge the batteries. Same for the clients. Yet this business is what you make it. Keeping the pedal to the medal some of my friends have great months in the summer. It just ain't me. Live to work or work to live. At least now I have a choice.

babbling looney's picture
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Joined: 2004-12-02

Winter is my slow time.  Snowbirds you know.

ezmoney's picture
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Joined: 2004-11-30

amen. alot of the slow months in the summer, especially this summer has to do with me being gone for 3-4 weeks through June and July months. My fee based month will hit in July and I'll be paid for it in Aug. It will be nice, about 10k net. I like that every quarter, and growing. I've only been at the fee based biz for only 10 mths.

Guest1's picture
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Joined: 2005-01-16

Not for me. Same as May and July is looking good with a few few home sales...

Player's picture
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Joined: 2004-12-08

Guest1 wrote:Not for me. Same as May and July is looking good with a few few home sales...
Guest1,
How about the 100K bet, ?    You shot your mouth off, and now I asking you to back up your lies? 
What's with you Jones IR's on here, you just can't handle or tell the TRUTH............Do you really think you can make statements on here and not be challenged to tell the TRUTH?
Let's PLAY........the PLAYER knows the TRUTH...................

rightway's picture
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Joined: 2004-12-02

ezmoney wrote:amen. alot of the slow months in the summer, especially
this summer has to do with me being gone for 3-4 weeks through June and
July months. My fee based month will hit in July and I'll be paid for
it in Aug. It will be nice, about 10k net. I like that every quarter,
and growing. I've only been at the fee based biz for only 10
mths.

You know our fee's are charged quarterly, but broken down and paid to
us monthly.  I know the firm gets to keep a portion of this in the
months it is not completely paid to us, but I like having the
production spread out over each month instead of having 4 real big
months each year.  I didn't like it at first, but I like it
now. 

I am about 85% fee based, a transtition that took a few years, but now
I focus on growth and service, not on production.   It is a
SERIOUS focus shift, but It's nice having a salary of sorts.

PantsGoBrown's picture
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Joined: 2005-02-17

doberman wrote:
Don't you guys know? Everyone's making money in real estate, now; not the stock market. Cash-out refinancing, interest-only mortgages, and flippin' condos. Yee haw!

 
It's a new paradigm, and everybody who doesn't buy real estate now will be priced out of the market forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.
Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities and Hondas.
This asset bubble is different from all of the others in human history -- it will never slow down or pop. The gains are permanent.

tjc45's picture
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Joined: 2005-05-06

PantsGoBrown wrote:[quote=doberman
 
It's a new paradigm, and everybody who doesn't buy real estate now will be priced out of the market forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.
Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities and Hondas.

Aren't Honda's just a little upscale for this scenerio?

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