Hamp Yonce's Discussions

Michael makes a great point, and one I haven't seen elsewhere. The Irony of his perspective is that these controlled arrangemnts were supposed to make it more affordable by increasing competition blah, blah... They actually increased collusion, corruption, and Realtor/Builder margins. I can't count the people I did loans for in 99-00 that were foozled by "builder paid closing costs, if you use our lender" in 04-05. If I were a buyer in SC, and bought a house I couldn't afford, because I didn't understand my loan or whatever. I know who I would blame for my "credit crunch". The only person in the front end of the transaction that supposedly had a fiduciary duty to look out for my interest. My Real Estate Agent would be getting a call from my lawyer. You really can't blame any one, two, or three entities except in my half joking theory that Osama Bin Laden is to blame. Let me explain in stream of consciousness ramble style. 9/11, stocks and capital investment out of favor, flight to quality drives rates down, investor cash piles up, stocks tooo scary, american public procreating and nesting due to terror and patriotic buzz, invesment banks start pushing the dream, ameridream becomes 13 different TV series, Ty Pennington singlehandedly makes at least 4 mil pepole buy a house they can't afford with a stupid loan to boot, those house flipper guys make 3 mil of those same people buy at least one more house to flip with an even stupider loan that they had to lie to even get, they figured this out after 3rd Mort Broker, Ameridream equals House acrobatics, lots in coastal SC were auctioned to flippers who names were drawn in lotteries, who sold to investors who sold to builders and all made 40K before a house was even put to paper, 100% financing, Greenspan says 30 fixed for idiots, this insanity lasts 36 months, 70 some% own homes, 10% of them shouldn't, 20% of them definitely shouldn't own more than 3 at a time, investing public notices, market adjusts.

And the Realtors are so well supervised and regulated. I think the FED should climb their crevices also. Most of them can't even do a math prequal and they purport expertise.

Even if he is with C'wide retail.

Tom Davie gets it!

St Greg lives under a pillow on Zillow. The real world goes on without him. He should puruse the Realtor licensees in his area and count the 20 something year olds and the convicted felons. He will be amazed but not amused.

The Realtor racket and state licensing of Real Estate Agents shows that licensing and froming orginization can't make you ethical.

Tom You could not HOEPA regulates that you know. You could make 3.9points and knock off a quarter.Are you a broker? I saw something between you and Debt Free Dave that lead me to think you were C wide retail. He wouldn't mislead me would he?

nic7are you FLA broker?

My experience has been that common sense doesn't sell very well.

My sis is condo developer in SFLA. Should hook yall up. You North, south or central?