Comments on: “We Were The Cool Guys.” http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html Redfin Corporate Blog Sun, 22 Nov 2009 20:09:04 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: BDR http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html/comment-page-1#comment-6382 BDR Wed, 19 Aug 2009 20:21:54 +0000 http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html#comment-6382 Bell You are a LOSER! Go to hell. You are filled with hate and anger because you could never make it and you never will. You are a bottom feeder, probably rummaging though dumpsters. You have a shitty attitude and the fact that you wish hardship upon others says a lot about the person you are. I'm sure we will cross paths again and I will be on top while you are still a little insignificant bottom feeding idiot. Bell You are a LOSER! Go to hell. You are filled with hate and anger because you could never make it and you never will. You are a bottom feeder, probably rummaging though dumpsters. You have a shitty attitude and the fact that you wish hardship upon others says a lot about the person you are. I’m sure we will cross paths again and I will be on top while you are still a little insignificant bottom feeding idiot.

]]> By: Glen Pizzolorusoo http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html/comment-page-1#comment-6318 Glen Pizzolorusoo Mon, 03 Aug 2009 17:17:46 +0000 http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html#comment-6318 to my friend at WMC, your lack of correct grammar, knowledge of staff, and off the wall comments tells me you did not work alongside me at WMC, you were most likely an underpaid secretary, and were jealous of the money we were making. Anyone who would like to know a little bit more about what really happened can read here: http://glenpizzolorusso.blogspot.com/ You may be surprised that NPR (the media) doesn’t give the full story, shocking I know... to my friend at WMC, your lack of correct grammar, knowledge of staff, and off the wall comments tells me you did not work alongside me at WMC, you were most likely an underpaid secretary, and were jealous of the money we were making.

Anyone who would like to know a little bit more about what really happened can read here:

http://glenpizzolorusso.blogspot.com/

You may be surprised that NPR (the media) doesn’t give the full story, shocking I know…

]]> By: Bell http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html/comment-page-1#comment-5626 Bell Fri, 10 Apr 2009 19:31:07 +0000 http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html#comment-5626 Glen many of us worked beside you at WMC Mortgage and thought you were a total loser, but acted like we respected you since you had so much money in your pockets and would pay for all of those dinners, limousine rides, champagne and cocaine that went right up your nose at all those parties. You, Gian Russo, Marty Bronfman, Darren Hagen, Rob Aversa, Travis Bowens, and most of the other Account Executives were and are nothing better than a human garbage bags. Glad to hear that you are finally getting back what you gave out - financial hardship to homeowners and fraud. Look forward to seeing you sleeping in the street in a cardboard box. When I pass by and spit on you, maybe you can sign one of your fraudulent loan applications for me. Glen many of us worked beside you at WMC Mortgage and thought you were a total loser, but acted like we respected you since you had so much money in your pockets and would pay for all of those dinners, limousine rides, champagne and cocaine that went right up your nose at all those parties. You, Gian Russo, Marty Bronfman, Darren Hagen, Rob Aversa, Travis Bowens, and most of the other Account Executives were and are nothing better than a human garbage bags. Glad to hear that you are finally getting back what you gave out – financial hardship to homeowners and fraud. Look forward to seeing you sleeping in the street in a cardboard box. When I pass by and spit on you, maybe you can sign one of your fraudulent loan applications for me.

]]> By: Sky Minor http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html/comment-page-1#comment-4015 Sky Minor Tue, 07 Oct 2008 22:17:19 +0000 http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html#comment-4015 I wonder how the rest of the world's real estate markets are holding up in light of the international crashing of the equities and stock markets. It seems natural to me to conclude that since the economy is truly global, then so too are the crashes. I hope I'm wrong New Zealand! I wonder how the rest of the world’s real estate markets are holding up in light of the international crashing of the equities and stock markets. It seems natural to me to conclude that since the economy is truly global, then so too are the crashes. I hope I’m wrong New Zealand!

]]> By: Lyal Avery http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html/comment-page-1#comment-4007 Lyal Avery Mon, 06 Oct 2008 14:28:18 +0000 http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html#comment-4007 It's impossible for anyone to make predictions in the space. As a supporting consultant for the RE market, even in Canada where things haven't been hit as hard yet, things are incredibly precarious. I think ultimately it'll be a great proving ground for the best agencies to excel. It’s impossible for anyone to make predictions in the space. As a supporting consultant for the RE market, even in Canada where things haven’t been hit as hard yet, things are incredibly precarious. I think ultimately it’ll be a great proving ground for the best agencies to excel.

]]> By: Glenn Kelman http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html/comment-page-1#comment-3979 Glenn Kelman Sat, 04 Oct 2008 16:42:45 +0000 http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html#comment-3979 Is this a genuine question? When evaluating alternatives to Redfin, our clients most often mention Windermere, Alain Pinel, Coldwell Banker and Prudential. Beyond the blog comments submitted under false names, no one has ever mentioned any of the brokers you list except for Zip. We are hiring, albeit cautiously. Conditions were far worse last year than now. We are optimistic but we cannot say what will happen next; the markets are very unstable. My guess is that the business will likely perform to within 5% of our 2008 revenue projections, and exceed our earnings projections. It is hard to say what our future capital requirements will be but we feel confident that, within reason, we will have access to capital as needed. I have no idea what our exact cash position will be in three years. No business does. We try to spend our money as carefully as we can. We also want to preserve the privileges of a privately held company: to invest in projects that may take a long time to pay off or not pay off at all, to take risks, to screw up. So we want to be an open business but we are not ready to be held accountable to the standards of a publicly traded company in which grandma has invested her retirement account. Is this a genuine question?

When evaluating alternatives to Redfin, our clients most often mention Windermere, Alain Pinel, Coldwell Banker and Prudential. Beyond the blog comments submitted under false names, no one has ever mentioned any of the brokers you list except for Zip.

We are hiring, albeit cautiously. Conditions were far worse last year than now. We are optimistic but we cannot say what will happen next; the markets are very unstable.

My guess is that the business will likely perform to within 5% of our 2008 revenue projections, and exceed our earnings projections. It is hard to say what our future capital requirements will be but we feel confident that, within reason, we will have access to capital as needed.

I have no idea what our exact cash position will be in three years. No business does. We try to spend our money as carefully as we can.

We also want to preserve the privileges of a privately held company: to invest in projects that may take a long time to pay off or not pay off at all, to take risks, to screw up.

So we want to be an open business but we are not ready to be held accountable to the standards of a publicly traded company in which grandma has invested her retirement account.

]]> By: Danny http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html/comment-page-1#comment-3970 Danny Fri, 03 Oct 2008 18:33:51 +0000 http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html#comment-3970 Glenn, assuming the mkts continue as they will for the next 3 years what is your Cash on hand projection at the end of 3 years? How much will you need to infuse from investors? Will you let some Agents go to keep costs down? How do you see the expansion of companies like 500 Realty, Shop Prop, Iggy's, and Zip? Glenn, assuming the mkts continue as they will for the next 3 years what is your Cash on hand projection at the end of 3 years?

How much will you need to infuse from investors?

Will you let some Agents go to keep costs down?

How do you see the expansion of companies like 500 Realty, Shop Prop, Iggy’s, and Zip?

]]> By: Glenn Kelman http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html/comment-page-1#comment-3966 Glenn Kelman Fri, 03 Oct 2008 15:35:30 +0000 http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html#comment-3966 Great comment Trevor! But let's be very, very clear about one thing: Christine Aguilera is NOT a B-list celebrity. Great comment Trevor! But let’s be very, very clear about one thing: Christine Aguilera is NOT a B-list celebrity.

]]> By: Trevor Smith http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html/comment-page-1#comment-3965 Trevor Smith Fri, 03 Oct 2008 15:27:13 +0000 http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html#comment-3965 Glenn, This was hands down my favorite episode of This American Life. I just about fell out of my chair when I heard the Cristal/B-list-celbrity bit. The other moment when I about fell out of my chair was when the guy who got the NINA loan actually looked at what his loan officer put on his loan app for his income: Kerry Campbell: Here it's saying your base employment income is 16,250 a month. Richard Campbell: Laughs. Wha?! Kerry Campbell: That means your salary, on a yearly basis, would be $195,000 to be exact. Richard Campbell: I wish. In 2005, right, and they used my 2005 taxes, I was making $37,000 that year. Adam Davidson: Did you know that number until now? Richard Campbell: no Adam Davidson: To me, that is shocking. It's not shocking to you? Kerry Campbell: That’s outrageous. But it's a common thing. It's worlds apart, reality and what's on these documents. Glenn,

This was hands down my favorite episode of This American Life. I just about fell out of my chair when I heard the Cristal/B-list-celbrity bit.

The other moment when I about fell out of my chair was when the guy who got the NINA loan actually looked at what his loan officer put on his loan app for his income:

Kerry Campbell: Here it’s saying your base employment income is 16,250 a month.

Richard Campbell: Laughs. Wha?!

Kerry Campbell: That means your salary, on a yearly basis, would be $195,000 to be exact.

Richard Campbell: I wish. In 2005, right, and they used my 2005 taxes, I was making $37,000 that year.

Adam Davidson: Did you know that number until now?

Richard Campbell: no

Adam Davidson: To me, that is shocking. It’s not shocking to you?

Kerry Campbell: That’s outrageous. But it’s a common thing. It’s worlds apart, reality and what’s on these documents.

]]> By: Warren http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html/comment-page-1#comment-3957 Warren Thu, 02 Oct 2008 22:27:34 +0000 http://blog.redfin.com/blog/2008/10/we_were_the_cool_guys.html#comment-3957 I agree Rob-I had to listen to that episode a couple of times in order for it to sink in. I agree Rob-I had to listen to that episode a couple of times in order for it to sink in.

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