Wednesday, April 13, 2005

State Senator To Feds: "Look For Real Problems"

The RE market has overheated and more regulation is in the pipe. In Oklahoma the legislature is considering a bill which would change the services brokers offer clients. I don't know the basics of the measure but find it interesting how touchy lawmakers are getting.

"The proposed bill, Senate Bill 673, would establish a minimum level of services that real estate brokers are required to perform."

"The Justice Department's Antitrust Division sent a letter to leaders of the state Legislature on Friday urging rejection of the proposed legislation."

"State Sen. Paul Gumm who is a Realtor, (said) 'I would encourage this Justice Department, which allowed the scandals at Enron and WorldCom to occur, to look for real problems to solve instead of trying to create them in Oklahoma.'"


At 11:49 AM, Anonymous Anonymous said...


here is the history of median home prices in two communities in LA . One is rich and one is average


At 12:00 PM, Blogger deb said...

Amazing to see that the median price in Palmdale was still down by almost 25% in 2000 ($106k) from its 1990 highs ($138k). Even Beverly Hills had not recovered to its prior high from '90-'00.

How often do we hear "real estate always goes up!" I guess that depends on your patience.

At 1:11 PM, Anonymous Anonymous said...

Hey Madhu,

Give credit where credit is due! I posted those links earlier with commentary ealier today - here:

and here:
earlier in the day!

Love, Cashking

At 1:23 PM, Anonymous Anonymous said...

hey cashking


but public link, on a public forum, needs to be credited!!!

still it is hardwork, i agree to find the source.

At 2:42 PM, Anonymous Melissa said...

Huh? How did the Justice department allow Enron and Worldcom to occur?


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