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.'"

5 Comments:

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

bears!
http://www.latimes.com/classified/realestate/news/communities/la-re-guide27mar27,0,424560.story?coll=la-realestate-communities
http://www.latimes.com/classified/realestate/news/communities/la-re-guide10apr10,0,4623452.story?coll=la-home-realestate

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

Thanks
Madhu

 
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:

http://forums.craigslist.org/?forumID=6

and here:

http://discussions.realestatejournal.com/WebX?50@165.Bdy0aYg5tz5.6@.ee8c067
earlier in the day!

Love, Cashking

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

hey cashking

agreed!

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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