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POPSNightmare Mortgages "After prolonging the boom, these exotic mortgages could worsen the bust. They also betray such a lack of due diligence on the part of lenders and borrowers that it raises questions of what other problems may be lurking. And most of the pain will be borne by ordinary people, not the lenders, brokers, or financiers who created the problem."
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POPSReal estate's Net turf war If someone is smart, they will just create a new and better MLS system that will include social networks. People selling homes could put there listing into the system in conjunction with the real estate agent, should they choose to use one. The best quotes from this article I thought were: Liniger, who founded Re/Max in 1973 and became wealthy enough to try adventures like flying a balloon nonstop around the world, said the average annual income of a Re/Max agent was $112,000 as of 2002. Today, he said, the average income has climbed to $130,000. "People not in the real estate business think we're overpaid--in reality we're not," Liniger told an audience of hundreds of real estate brokers. "You think we're overpaid? Let's start investigating attorneys." "In a metropolitan area where homes routinely sell for $700,000, a broker charging a standard commission would need to be involved in only one deal a month to make $252,000 a year."
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