BILL CHERRY'S GREATEST DALLAS PARK CITIES REAL ESTATE BLOG: WALL STREET JOURNAL MORONS - AND I MEAN IT!

WALL STREET JOURNAL MORONS - AND I MEAN IT!

A friend gave me a subscription to an interesting weekly news magazine called "Bottom Line Personal"

The September 15, 2007 has a couple of suggestions in its House Buying column.

For this one, they say the source is "The Wall Street Journal":

"Ask for rebates from real estate brokers now that the housing market is cooling off.  Some firms offer as much as 75% off their commissions to potential buyers.  Others sweeten the pot by giving large denomination gift cards or airline mileage awards."

Let me get this in print right away so there are no misunderstandings.

  • I have never and I won't now give rebates. 
  • I will not discount my fees. 
  • I won't violate the Texas real estate laws by giving "large denomination gift cards or airline mileage awards,"
  • And if I catch you doing it, I'm going to turn you in.

Got that, Buster? 

Now please cancel my subscription to the Journal.  It's something I should have done a long time ago anyway. 

No wonder their ad revenues continue to fall.

10 comments • BILL CHERRY • September 05 2007 09:10PM

Comments

I couldn't agree more. Go Get Um Texan!
Posted by Don Gockel, Realtor, Broker, GRI - Antelope Valley Real Estate Specialist (The Gockel Group - Palmdale Lancaster Quartz Hill -) over 4 years ago
Bill, it's really interesting how someone's OPINION gets printed without any facts behind it!  Sure make me think twice about subscribing to their bah bah, bah bah! 
Posted by David L. Britt, MBA (The Heritage Real Estate Team) over 4 years ago

BC,

There ya have it! Taking a stand and fighting the good fight!

Bravo!

Posted by Florida List For Less Realty, Inc. Broker/Owner. over 4 years ago
Bill, I saw this too in Bottom Line Personal and was quite upset at them for reprinting this garbage!
Posted by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 4 years ago

Gee, I have an idea..let's all ask our stockbrokers and retirement fund account managers to give us 75% rebates on the fees we pay them.  After all, the stock market is see-sawing all over the place and the Dow was down nearly 200 points today.  Let's see if the securities industry likes the same treatment that the Journal is giving us.

They can ask for rebates all they want.  As Nancy Reagan put it, "just say NO".

Posted by Madeline Island Realty - Eric Kodner Sells Madeline Island over 4 years ago
Right on Bill!!
Posted by Joan Mirantz GRI CBR SRES- Concord New Hampshire Realtor (Homequest Real Estate) over 4 years ago

What's so interesting is the faulty logic.  If you give rebates it's when it's easy to sell their junky house.  You don't give rebates when you have to be a high wire expert to get the thing sold for them.

Good for all of you for commenting.  I think Eric has an especially interesting take/idea.  I'll mull that over a lot throughout the day.

Best to you all!

Posted by BILL CHERRY (BILL CHERRY, Real Estate Broker) over 4 years ago
I'm a former subscriber to both, hopefully more will unsubscribe.
Posted by Kevin J. May Naples, FL Southwest Florida Real Estate (Prudential Florida Realty) over 4 years ago

Well, for a minute there I thougght "Bottom Line Personal" might be a competitor to Match.com.  

So, Yikes!  How stupid do they think we are? 

Posted by Patricia Kennedy (Evers & Company Realtors) over 4 years ago

Ms. Patricia Kennedy -- I wonder the same thing, especially when they are supposed to be educated in economics and business.  If what they preached here is any indication, they don't have the slightest clue.

Posted by BILL CHERRY (BILL CHERRY, Real Estate Broker) over 4 years ago

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