Crash - Lew Geffen | Thread profile

Internal property company memo shocker Lew Geffen 04 June 2008 Sotheby's boss tells family member to chop 25% off property price; warns that banks now require huge deposit in anticipation of price tumble. Letter from Lew Geffen, head of Lew Geffen Sotheby's International Realty, to his agents - and released to the media this week. Recessionary Strategies - State of the market As you know ...

source? -------------------- If you think my attitude stinks you should smell my fingers!

quote: Originally posted by Quad Pipe: source? Lew Geffen and Money web

Are we plunging towards a recession? Hold tight for a scary ride A week of dismal economic news has left British families feeling under greater pressure than ever Dominic O’Connell, Robert Watts and Jonathan Oliver Filling up her Ford Focus at a Southampton petrol station on Friday afternoon, Deborah James became the victim of a modern phenomenon: pump rage. The 31-year-old marketing assistant...

Keep in mind that Lew Giffen is losing money if houses dont sell. There are plenty of overheads which need paying, offices, salaries and basic commission.... Telling clients to lower prices will enhance the chance of a sale, which converts into commision/income.... Looking after themselves not public! -------------------- My Rides - ol Triumph motorcycle & Mrs YBK An armoured suit is great ...

You can build a big estate agency, but still be an estate agent it would seem. If he is going to release this sort of vomit, he could at least employ an assistant who can communicate in English at a level beyond 5th grade.

Recession?????? Ba! What recession....as per our resident experts -------------------- I am not going to say Yes, and I am not going to say No. I am, however willing to commit myself to a definate Maybe. And that's Final. James P. Du Plessis

quote: Originally posted by Jono: You can build a big estate agency, but still be an estate agent it would seem. If he is going to release this sort of vomit, he could at least employ an assistant who can communicate in English at a level beyond 5th grade. He's a knob. I read an article he wrote about 8 months ago, saying there would be no slowdown. I didn't believe him then either....

quote: Originally posted by Doepie: Recession?????? Ba! What recession....as per our resident experts Nobody is in denial of the fact that we hit a slowdown. But advising ppl to drop prices that much is close to rediculous.... Thats means to are asking the 1M seller to drop to 750K in price. I still say he is trying to save his own bud..... My ol man has got the stuff ...

Ho Hum... SA property market in 'serious trouble' By Tanya Farber A war of words has broken out between estate agents and bond originators as news of a pending property crash gathers force, with price drops from 10 percent to 40 percent predicted. While some agents insist homeowners should not be swept up in the panic, others are frank that the property market is in serious...