San Francisco Chronicle breaks down how insane the rental market has become in top metro areas! South of Market & Pacific Heights (new money vs old money) lead the pack!
Real Estate Columnist Slammed for Writing Up Her Own Home...So Much for Journalistic Integrity. Tsk!
This "writer" should know better! Leah McLaren used her position as a columnist for The Globe & Mail to shamelessly plug her own house that was on the market She featured a glowing flowering review of her property where she stood to make a sale! Leah has been assailed for compromising her journalistic integrity. The Globe & Mail issued an apology...but no word from Leah yet! Not even a peep on her twitter feed?!
The pyramidal hotel in North Korea whose construction started 2 decades ago & stays unfinished, has finally been revealed to the world! Shrouded in secrecy, a tour agency has released images. HuffPost write "The enormous hotel remains a source of fascination – and ridicule – for the outside world."
Upbeat sexy Australian (that's redundant!) realtor Kieren Gray frolics around his property he is selling. Bright, attractive & well-built...and the house ain't 1/2 bad either! LOL. The choice of speedo is questionable but he's young & cute so he is exonerated. I tried this strategy once, and a letch at the open house asked me "Is the house for sale? Or you?" I retorted, "Both! But you can't afford me!"
Research Group Slams Zillow: It’s Not Just the Ridiculous Valuation – it’s the Ridiculous Business Model
Your Edge...or Over the Edge?!
It's the company agents love to hate. Their Zestimates can have up to 20% margin of error, but that's not overtly explained to consumers. So, of course we realtors have to clean up their mess when sellers and buyers get confused by Zillow's inept values. Now, Citron Research has come out with a scathing report that clocks Zillow.com. Apparently their business model is bonkers. Read below!
From Citron Research:
When it comes to investing in Web 2.0 , the stampede is on – everybody wants a part of the Next Big Thing. The rewards have been great for companies like LinkedIn. But the risks of investing in anything less are devastating. The market has been unforgiving in punishing disappointers, as seen in recent collapses in Facebook, Groupon, Zynga Netflix and Pandora.
So what determines the difference?
Investible Web 2.0 companies have all of these critical success factors:
1) A new and disruptive way to use internet technology to meet a real market need
2) Exponential revenue growth driven by viral buzz, solidly founded on genuine customer loyalty
3) Soaring revenues free of heavy expense models – not dependent on overhead-heavy sales department headcounts
4) Revenue transparency throughout the complete business model
Zillow (NASDAQ:Z) has had an incredible run, doubling since January based on the hope it will become a Next Big Thing.
But Citron sees more than just shadows of doubt here – Zillow utterly failseach of the four points above. While management glibly talks the Web 2.0 game, Citron sees major red flags in every one of the four criteria above.
Business 2 Community sat down with me for their "Expert Interviews" series. They asked me 6 questions about social media & real estate, including what is the biggest challenge facing your industry, w hat do you think is the future of social media & more! Real estate has been slow to catch up on this but it is about time everyone embraced it. No one want to be the dinosaur agent faxing offers...am I right?!
Image courtesy of RadarOnline.com
I can't blame them! After all, Elton's friend Eric Clapton's son fatally fell out of the 49th floor of a Manhattan skyrise in 1991. It's understandable Elton & his partner David Furnish are paranoid baby Zachary might repeat the same fate. So they have sold their Sierra Towers condo in chic West Hollywood for $4.65M and moved to a more family friend Beverly Hills mansion for $7.7M. They are just being good daddies! More details here from RadarOnline!