Hacked By Imam
Hacked By Imam
Redfin just got another $70M to open up new markets and to further their attempt to break the real estate business and to change it into their vision of how the game should be played. Changing the current model of the sales agent as servant and facilitator in a service business and trying instead to change agents into order takers and to make a house a commodity, seems to be their end game, and by slowly rebating and refunding the venture capital back to buyers and sellers, they continue devaluing their service and chasing their discount fees lower and lower.
Their buyer refunds and discount listing fees are “loss-leaders”, but there’s no other way to make up those lost profits, as that’s the only product they’re selling. If the scenario plays out the way they hope, they will have broke the current system of real estate sales and force everyone to severely discount their fees until there’s no profit for anyone.
Like the gas station wars of yore, they lower their prices and continue to under-cut their competition in order to destroy them.
But as they are finding out, it’s hard to make a profit when refunding half of it right off the top. There is no “extra” to refund…. after paying their sales staff their salaries, cell phone bills and health benefits and paying their upper management millions of dollars, they have to go after more and more cash infusions to keep the business afloat. If that was not the case, they would have already gone public. And now that their total funding is over $165M, no one will be able to buy them out. Why would anyone buy an unprofitable company for that much money, one with no hope of ever turning a profit in their present incarnation.
While they may issue press releases about their “profitability”, just because the didn’t lose money in one particular quarter does not mean their profitable, not with that $165M+ equity financing on their books.
July 8th, 2014
In 2013, Washington State passed Initiative 502 which legalized marijuana the possession of marijuana for adults age 21 and older. The only marijuana that would be legal to sell in this state would be grown by specially-licensed Washington farmers and sold in standalone, marijuana-only stores operated by private Washington businesses licensed and regulated by the state.
Today a number of new marijuana stores opened up in the state of Washington and with them, an unlimited number of questions and concerns.
What does this law mean to real estate professionals and Realtors who wish to help someone buy or lease a growing farm or retail space for selling marijuana? Growing, distributing and selling marijuana is still a federal crime. It is still a state crime, but with a few new exceptions. How can a Realtor protect themselves in assisting those clients who are looking for properties to grow or sell pot?
According to Washington Association of Realtors attorney Attorney Annie Fitzsimmons, if a clients seeks to purchase or lease a property for these 502 activities, even if legal in Washington state, it still violates federal law and the Federal Government has broad authority to seize the real estate used in a commission of a crime that violates the Controlled Substances Act.
A Realtor should always refer a client to an attorney in a situation such as this, but be aware that there are few attorneys who will represent your clients as lawyers are prohibited in assisting clients in the commission of a crime.
In addition, 502 businesses are prohibited from opening bank accounts, so most transactions will have to be done in cash. 502 businesses will be unable to get bank financing, nor open an account with the proceeds of their business. This will make any receipt of earnest money awkward and unsafe, to say the least. Landlords will be unable to legally deposit their rent checks they receive, in their own bank accounts without violating money-laundering laws.
If you know that a client of yours has made money selling marijuana, and you know he is using some of that money to purchase a house, even if it’s a home that will be lived in and not related to drug sales, you and he may be accused of money laundering, may be subject to prosecution and he may lose the home and you could go to jail.
If a landlord rents a storefront to a marijuana dispensary or other type of 502 business, the landlords underlying bank loan could be called, at the mortgage holder’s option, as these properties could possibly be seized by the Federal Government in violation of the Controlled Substances Act. Insurance for this type of business is also difficult, which could also threaten the landlords and the mortgage holders interest.
For more details about this new legislation and what it means to Washington State Realtors, check out Annie Fitzsimmons article in Washington Realtors Magazine.
The foreclosure film “American Winter” is coming to Tacoma, where foreclosure is two times Washington state’s average rate. Tickets are free and the film will be shown at the Grand Cinema October 24, 2013 from 6:30 PM to 9:30 PM.
The event is sponsored by the Pierce County Foreclosure Prevention Roundtable, which is a collaborative group of foreclosure prevention service providers and allies working in Pierce County to prevent foreclosure and help the community deal with its effects.
The film is directed by Emmy Award-winning filmmakers Joe and Harry Gantz (Taxicab Confessions, The Defenders), and it follows the personal stories of eight families struggling in the wake of the economic downturn. Shot over the winter of 2011-12 in Portland, Oregon, this powerful film reveals the human impact of budget cuts to social services, rising poverty and economic inequality, and the fracturing of the American Dream.
Rental rates for shared houses are usually determined by location and the number of rooms. But at one shared property in Osaka, Japan, the monthly cost has nothing to do with the size of the structure. It’s all about the size of the resident.
How often have we heard this story before? The bank forecloses on the wrong home and takes all the owners belongs out of the house by mistake. A sad reality is that this is probably a civil matter and not a criminal one, so the poor lady can’t just call the police, she’s going to have to get a lawyer and sue.
A new website called “Died in House” has launched with over 118 million death records and purports to searche millions of records to determine if a death has occurred at that location.
Because it is not a standard practice to document the address of a death, The DiedinHouse.com report also includes previous residents and their vitality status. .
It’s not standard practice to document deaths in the home as the older the home, the older the home, the more likely someone died there. At the turn of the 20th Century, most people DID die at home, though now that figure is estimated to be between 20-30%. So is the average buyer ready to cross off 20-30% of the housing market off their list just because someone passed away there once? We’re not talking about a murder or a suicide, we’re talking about old-age deaths here too.
Anyway, if you’re curious, visit DiedinHouse.com
Greetz : Kuroi’SH, RxR, K3L0T3X
Hacked By GeNErAL! !
The new NWMLS Mobile App allows brokers to quickly navigate Matrix using iPad, iPhone and Android devices, an option that was not available with the regular website. The App is fully integrated with a brokers Matrix account, including access to saved searches, contacts, carts. Search for listings using a favorite search, or use the mobile device’s GPS to search for listings around your location. The App is available for $3.50 a month plus tax.
<iframe width="420" height="315" src="http://www.youtube linked here.com/embed/q9f28Z-nxrc” frameborder=”0″ allowfullscreen>
This is a welcome upgrade to NWMLS offerings and will be helpful out in the field with buyers on the go.
Looking for some inspiration for the new year? Don’t become a dinosaur — learn what all the cool kids are doing in real estate for the new millennium at the Inman Agent Reboot seminar on Wednesday, March 28th at Meydenbauer Center in Bellevue.
Yeah, you’ve got to cross the bridge to Bellevue, but it will be worth it.
You may already use Twitter, FB and other social media, but are you seeing results? Join Katie Lance, Social Media Director & Contributing Editor and Chris Smith, Chief Evangelist, & Contributing Editor, plus other exciting speakers and hear about the latest tech trends and what you can do to jump-start your business in 2012.
Tickets still available at the Inman Agent Reboot website.
Want more information? Make sure you listen to this live interview on Monday, March 26th, of Katie Lance by the Bellevue Business Journal on Spreecast.
I don’t usually post this sort of thing, but Zsa Zsa’s home is so exquisite that I could not resist.
Every year on November 22nd, I like to pause and reflect about the body of work from writer and rabble-rouser Jack London. Jack London, who died today in 1916, was most famous for writing “The Call of the Wild”, but he was also a brilliant union organizer and author of “The Scab”.
What is a scab? Simply, a person who purports to do the same amount of work as another person, but for less money. According to Jack London, anyone who undercuts another person, as far as wages or compensation for labor, may be considered a “scab”.
In the real world, a scab would be someone who either crosses a picket line to work or someone who agrees to do the same work for less money. “Scab” is also used to refer to workers who cave too easily to concessions or someone who offers their services for less money specifically to undercut a competitor. (In labor terms, what is a scab?)
It’s a good old-fashioned term with a rich history and those who choose to go through life participating in scabby behavoir should embrace the term and own it. Those who undervalue themselves and their labor, who choose to undercut their fellow workers, who give rebates and price cuts, you sir, are a scab.
In a competitive society, where men struggle with one another for food and shelter, what is more natural than that generosity, when it diminishes the food and shelter of men other than he who is generous, should be held an accursed thing? Wise old saws to the contrary, he who takes from a man’s purse takes from his existence. To strike at a man’s food and shelter is to strike at his life; and in a society organized on a tooth-and-nail basis, such an act, performed though it may be under the guise of generosity, is none the less menacing and terrible.
It is for this reason that a laborer is so fiercely hostile to another laborer who offers to work for less pay or longer hours. To hold his place, (which is to live), he must offset this offer by another equally liberal, which is equivalent to giving away somewhat from the food and shelter he enjoys. To sell his day’s work for $2, instead of $2.50, means that he, his wife, and his children will not have so good a roof over their heads, so warm clothes on their backs, so substantial food in their stomachs. Meat will be bought less frequently and it will be tougher and less nutritious, stout new shoes will go less often on the children’s feet, and disease and death will be more imminent in a cheaper house and neighborhood.
Thus the generous laborer, giving more of a day’s work for less return (measured in terms of food and shelter), threatens the life of his less generous brother laborer, and at the best, if he does not destroy that life, he diminishes it. Whereupon the less generous laborer looks upon him as an enemy, and, as men are inclined to do in a tooth-and-nail society, he tries to kill the man who is trying to kill him.
Before someone writes in complaining that this definition of a “Scab” is defamatory, consider the following:
After God had finished the rattlesnake, the toad, and the vampire, he had some awful substance left with which he made a scab. A scab is a two-legged animal with a corkscrew soul, a water brain, a combination backbone of jelly and glue.
This passage figured in a 1974 Supreme Court case, in which justice Thurgood Marshall quoted the passage in full and referred to it as “a well-known piece of trade union literature, generally attributed to author Jack London.” A union newsletter had published a “list of scabs,” which was granted to be factual and therefore not libellous, but then went on to quote the passage as the “definition of a scab.” The case turned on the question of whether the “definition” was defamatory. The court ruled that “Jack London’s… ‘definition of a scab’ is merely rhetorical hyperbole, a lusty and imaginative expression of the contempt felt by union members towards those who refuse to join,” and as such was not libellous and was protected under the First Amendment.
Jack London wrote The Scab in 1903 and died in 1916 at the age of 40…..
<a href="http://money.howstuffworks omeprazole dr 20mg capsule.com/labor-scab.htm”>How Labor Scabs Work