Wednesday, February 08, 2006

News and topics for today... Real estate page and enron case.. Good reads..

Wiretape Inquiry

The N.S.A has been eavesdropping without warrants o the intenrnation communications of people inside the United Sates believed to have links with Terroist.

Fxm: Well, here you have the n.s.a doing wire taps on us with no warrants and stuff, so who are these guys thinking.. Well, these people are sticking up for us.

So, they basically want the n.s.a to stop these wiretaps and review the moral of doing this.. But, you have to remember our security is needed because terrost can take advantage of our openness..

Univision for sale

They are thinking of selling. Now who ever buys univision will have a large Latino community with a buying power of $480 billion in annual buying power.

Shit, that is $480 billion buying power..

Univision owns the no 1. Spanish-langauge television network, radio broadcaster, music company and online operations

Well, there it unvision they will go into talks later today.. Well, I didn’t know it was an agent who owned unvision. Well, it’s all business.. He doesn’t even speak Spanish.. Well, he knew there was a market back in 1992 and he invested… Well, I know unvision is a doomng down of latino… It keeps making them stupid, but they have money..

Enron case

Kennith D. Rice Now here is a guy who made money from enron. He bought some nice cars and went to races, but he looked up to Skillings who help him make money and lay.. Shit, this ass hole is now talking against the people who helped him. What an ass..

Rice will testify against my Skilling, who once considered him one of his most loyal supporters in transforming Enron from a staid pipeling company into a cutting-edge trading companywith big ambitions.

Mr.Skilling helped make Mr. Rice a very wealthy man. His total compensisation, including stock sales, in 2000 came to $47.3 million- more then his bosses, Mr. Lay and Mr. Skilling, earned..

Pleaded guilty in 2004 to one count of securities fraud for falsely promoting the troubled broadband division that he headed for two years.. He faces up to 10 years in prison and is named in at least 32 pending civil lawsuits, with each of them having the potential to bankrupt him..

Prosecutors will use Mr.Rice to try to show that Mr. Skilling “acted as the ringleader” in urging him to lie about the stae of Enron’s broadband network to pump up the ocmpany’s stock, M.r.Bebel said..

“It will be Rice’s taks, “ he said, “ to establish the Skilling was driving the train on this issue, and it was Skilling who was responsible for the ultraoptimistic projecticions. “

So, this guy named Mr. Rice was part of the 1994 court case that they didn’t nail anyone for the broadband deal which was fake. So, now they have mr. rice but he is the one who put this company together and said that he was selling broadband which was nothing but hot air.

I knew this back when I was at Cerritos college because here are these cucasaisn telling me that this and that and selling bullshit…They are office jockeys who think they know what is high tech,…So, me what you have they never had anything to show…so, they were bullshiting all along.. well, good thing you learned logic and you didn’t go along… Shit, I would have been broke big time..

Science will always guide you and logic…

The Fry guy.. You know the bonehead who went on Oprah’s show.

Yes, this is funny because that bimbo now says, she didn’t know.

But this issue of fiction has always bothered me growing up. I remember when I was a kid that here you had the white kids reading science fiction but it wasn’t true, but they said what if it was true.. But, I thought they were crazy. As time went by and I started reading it’s nice to imagine.. Yes, you have these places that don’t exist.. Are they lying no it’s fiction. So, the issue is sure our culture believes in fiction. Shit everything of the u.s. is fiction. You see t.v. but do you really think people live and are like that? No, reality is much better bandwidth… We are humans and we have to make money.. Shit, when you see the o.c. or what ever show. You see these white guys have money they don’t work or do anything, but everythging is fine.. so, there it it is ll

I grew up watching fiction my whole life and beliving it existed… Reality has saved me again..

This is what happen to me…

Growing up in T.V. fiction land…

Remember your later that you wrote about watching t.v. and how you watched these people get ahead and stuff and I was still at the same place… What, happen is that I belived this bullshit and it was all fiction.. It’s still all fiction.. So, people watch this buillshit there whole life and they are happy watching there fiction t..v. shows… Yes, that is what it is nothing but fiction.. It’s all made up and nothing of what you see on this show exist or is real it’s all fiction..

This is a good article on real estate sales on the internet. Yes, here is the next big thing you can list your house and sell it… The expedia guy put this together… Need to review this article and visit these sites…. You have a lot to learn..

2 Web Sites Push Further Into Services Real Estate Agents Offer


E-Mail This

Article Tools Sponsored By

By DAMON DARLIN

Published: February 8, 2006

Two real estate Web sites are starting to offer services that could change the way real estate is bought and sold online.

One site, Zillow.com, which will be introduced today, will help consumers obtain more accurate real estate sales information — to the consternation of some real estate agents.

A smaller site, Redfin.com, introduced an unusual new service last week that might be even more disruptive to the real estate industry: the feature automates the process of bidding on a house online.

Zillow is attracting a lot of attention because it obtained $32 million in venture capital financing and its chief executive, Rich Barton, was a creator of Expedia, the online travel agency.

The new site provides data like previous sales prices and the prices of similar properties on 60 million residential properties, information that real estate agents do not display in the public multiple listing service. The site also includes price appreciation (or depreciation) data in a form that resembles stock charts. "It's a lot of data to make you smarter," Mr. Barton said.

In addition, Zillow uses software to offer a free home-value estimator. The "Zestimate" service tries to do what has been a primary function of the real estate agent. And in contrast to many other real estate Web sites, like Realtor.com, run by the National Association of Realtors, or Home Pages.com, owned by Housevalues Inc., Zillow does not try to connect its users with agents.

Many real estate agents worry that Zillow could be a first step in an online evolution that could threaten their $60 billion commission-based business, just as Expedia, Travelocity and other online sites disrupted the business of travel agents.

Mr. Barton said it was not his intent to take part of the agent's commission, which averages slightly less than 6 percent and is split between the buyer's and seller's agents. Instead, Zillow is an advertising-supported site.

Mr. Barton said he expected to sell advertising on the site because the information there will create in nearly every American city a community of people interested in real estate. New York City will be the notable exclusion, because of the complexity of mapping multistory multiowner condominiums.

Zillow's sizable capitalization is already causing anxiety among online companies that match real estate listings with interactive maps and other data. PropertyShark.com, a site that began with New York City listings and has since expanded to 15 other cities, for instance, is wary of Zillow because of its venture backing.

PropertyShark has no outside financing. "It is scary, and frustrating and nerve-racking," said Matthew Haines, the site's founder. "It made it quite clear that we are underfunded."

Redfin, though less well financed than Zillow, is perhaps even more ambitious in its aim to take on the work of agents. The site, which maps listings with other sources of real estate data for Seattle, added a feature last week that allows a visitor to buy a property online.

A real estate agent is not cut out of the process; in fact, Redfin is itself a real estate brokerage company. But the site automates the paperwork of making a bid and then rebates to the buyer two-thirds of the buyer's agent's commission, which is usually 3 percent. Redfin, as the buyer's agent, takes only a 1 percent commission.

Redfin shows the potential savings on every listing. For instance, the "direct savings" on a $699,000 house currently for sale in the Queen Anne district in Seattle is $13,980. The buyer gets the money at closing so it can be used for the down payment or to pass to the seller if it was used to sweeten an offer.

Right below the description of that property are two buttons, one to "see it" and the other to "buy it." A click on the see button helps the potential buyer arrange a tour of the property. Clicking on the buy button leads the visitor through online forms that generate the paperwork for an offer.

"We won't replace the agent," said Glenn Kelman, Redfin's chief executive. "We let people who are self-reliant do the legwork and gain 2 percent." Redfin has been financed with $1.25 million, with most of that coming from the Madrona Venture Group of Seattle. The company said it was seeking additional financing to expand to other cities.

All of these real estate sites are chipping away at the agent's business of matching clients with a property and then negotiating a deal. The Web is already displacing the initial contact that agents have with customers. A recent National Association of Realtors survey found that 77 percent of home buyers use the Internet to search for a home. About 24 percent said they first learned of a home from the Internet, up from 15 percent in a 2004 survey.

Mr. Barton does not exclude the possibility that the role of the agent, and his site, may change.

"People want Realtors," he said. "But is it rational to pay Realtors what they are paid?" He says he thinks they are overpaid because customers are doing more of the work themselves.

Zillow, for instance, has a number of other features that do the work of the agent. Someone wanting to compare properties can use pull-down menus to estimate the value of remodeling projects that are not reflected in the price. Because of the Internet, agents are spending less time with clients, Mr. Barton said. "Agents have to ask, What kind of value am I adding?"

Still, Mr. Barton said, "it is not our intent to dislocate the agent."

Mr. Kelman of Redfin said he recognized that change might be difficult. "We are like the penguins on the edge of an iceberg when no one wants to jump in first. Redfin is going in first," he said. "Maybe that isn't such a good analogy. The first penguin in usually gets eaten by sharks or something."

High-speed internet providers and Internet content companies clashed before lawmakers on Tuesday, in dispute over whether a law enshrining the right to surf anywhere on the web would help or harm consumers.

Well, I have realized that oil is $63 a barrel today.

So, we have reviewed everything.. This is the two hour morning session it went really good..

I think this is a good time limit two hours or 2.5 but no more then that…

Lets now work on the work out 6-7 then read at SB..

0 Comments:

Post a Comment

<< Home