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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: fatty who wrote (14978)	11/11/2003 8:24:40 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

I don't think so. :) Reminds me of a settlement I had once....my client was an attorney settling an estate. I had sold the estate's house. The buyer was a professional real estate investor who felt it was his job to try to delay, screw up, and then extract money from every person at the settlement table, including the settlement attorney. Apparently he did this sort of thing routinely. This time, however, he met up with resistance. When he came after me for money (to clean up the yard, of all things), my client-the-estate-lawyer informed him that if I was being paid by the hour for putting up with his shenanigans, I had probably already earned about 50 cents per hour. The settlement turned out OK. My client and I stood our ground on money. The settlement attorney took him out of the room and had a private conversation with him about what would happen if he refused to sign the papers and get this crazy transaction over with--namely a lawsuit for nonperformance on his contract. Funny thing was, his own agent didn't appear at settlement. She had "divorced" him a long time ago. We met up at the grocery store one day, and she told me he had died a year or two after that settlement. We both thought that was a "real shame." <<gg>>

To: fatty who wrote (14978)	11/11/2003 9:35:49 AM
From: Tradelite	Read Replies (2) \| Respond to of 306849

You know what's really funny about that discussion of people who are overpaid? In my opinion, it leaves out the impact that some allegedly overpaid people have on the bottom lines of OTHER people. Take movie stars, for example. The story you cited named movie stars as among the overpaid. Well........how many producers, directors, script writers, cameramen, magazine publishers, etc. make big bucks just by being associated with movie stars? Also consider what many lawyers do.....yes, they make a lot of money, but their main reasons for existence are to protect people's money or other valuable interests, and to get money into the pockets of other people, or they wouldn't be hired in the first place. Now....someone will have to explain to me what Dick Grasso did that was worth millions, but he has supporters on Wall Street, so SOMEONE must have made money through his efforts. There must be SOME reason that people want to own sports teams and pay athletes huge bucks, even while the athletes are out getting arrested for assault, drunk driving, and drug use, etc. And just think of all the folks who make money just WATCHING those athletes, such as the media commentators on ESPN. Some people in certain lines of work just tend to generate money for other people. Seems to me the ultimate reason people hire real estate salespeople is their faith in what the salesperson will do to enhance their bottom line. If they thought they could achieve the same monetary result without a salesperson, they wouldn't hire anyone.