Is my Realtor a fool?

[dirtboy]

Among the many things I've been amazed that he's bought in the past couple years, this is crazy.

He just bought a brand new Mercedes-Benz McLaren SLR.

If you don't know what that is, here's a link to a couple articles at Edmunds.

First Drive: 2005 Mercedes-Benz SLR
Follow-Up Test: 2005 Mercedes-Benz SLR McLaren

No pics, but I'm not overly impressed with it in person.

Doesn't appear that he thinks there's a housing bubble.

 

[DivideBYZero]

Originally posted by: dirtboy
Among the many things I've been amazed that he's bought in the past couple years, this is crazy.

He just bought a brand new Mercedes-Benz McLaren SLR.

If you don't know what that is, here's a link to a couple articles at Edmunds.


First Drive: 2005 Mercedes-Benz SLR
Follow-Up Test: 2005 Mercedes-Benz SLR McLaren

No pics, but I'm not overly impressed with it in person.

Doesn't appear that he thinks there's a housing bubble.

not impressed? HAHAHAHAHAHAHHAHA, you are the fool!

Let him take you for a run in it and lets see if you can keep your underwear clean.

 

[spidey07]

Why would he be a fool?

Sweet car. Might appreciate in value.

 

[mzkhadir]

he might be a fool, but the bubble will keep growing, because people will keep refing

 

[Sheepathon]

What kind of homes does he sell?!

 

[dirtboy]

Originally posted by: DivideBYZero

not impressed? HAHAHAHAHAHAHHAHA, you are the fool!

Let him take you for a run in it and lets see if you can keep your underwear clean.

I am more impressed with his Ferrari 360 that he let me drive. That car was plenty fast. $500k is alot to drop on a car, not to mention the other cars he could have bought for the same price.

 

[dirtboy]

Originally posted by: Sheepathon
What kind of homes does he sell?!

Residential real estate.

 

[Drakkon]

any man with that ammount of money to blow on car is defiantely not a fool...

 

[tami]

my mother is a real estate agent. there are some realtors that do amazingly well -- even in the worst time periods -- and can afford extreme luxuries. her agency even has a millionaire's club and i think perhaps a billionaire's club. i'm not sure how it works, but some realtors can do mighty well off of their commissions.

 

[ArJuN]

Originally posted by: tami
my mother is a real estate agent. there are some realtors that do amazingly well -- even in the worst time periods -- and can afford extreme luxuries. her agency even has a millionaire's club and i think perhaps a billionaire's club. i'm not sure how it works, but some realtors can do mighty well off of their commissions.

Those 'Millionaire's Club and Billionaire's Club' don't refer to how much you are worth. They refer to how much you have transfered. My mom is in the 'Millionaire's club' because she sold one house...that was worth like 1.6M. And yea, her boss has the sickest car ever. The nicest one I can remember is the Diablo. Then again, I've only seen 2 of his cars...

 

[radioouman]

He is a fool... most realtors are.

 

[Fenixgoon]

considering he could buy a faster car for less, yes (chrysler me 4-12 prototype beats the slr in nearly every aspect)

 

[oogabooga]

I dont know about a super car, but Realtor's in general need to have nice cars since they drive clients to homes. And if you go in the back of a dingy ass pickup, i'm sure you dont feel as entitled to buy that house. *shrugs* it's all wierd in the sales industry.

 

[CRXican]

that's nuts

that car is ugly and a waste of 1 million dollars if you ask me

I'd much rather have a Ferrari and a Lamborgini wiht money left over than an overpriced MBZ

 

[tfinch2]

He might be a fool, but if you are posting about it on ATOT you have serious envy.

 

[yobarman]

No wealthy man is a fool. They didnt get that way by being foolish.

 

[UncleWai]

Originally posted by: CRXican
I'd much rather have a Ferrari and a Lamborgini wiht money left over than an overpriced MBZ

At that price range and when he can afford it, i don't think he gives a sh!t whether is overpriced or not.

When i am so rich that I have money to burn, I wouldn't mind buying large bucks on something I want. It's not like you can bring your money with you to the grave.

 

[dirtboy]

Originally posted by: yobarman
No wealthy man is a fool. They didnt get that way by being foolish.

He's in his mid twenties.

Started selling real estate just before the boom.

This is just one of the six or so cars he owns. He just bought a new Vette too.

 

[simms]

Originally posted by: yobarman
No wealthy man is a fool. They didnt get that way by being foolish.

QFT

"A fool and his money are soon parted"

QED

 

[dirtboy]

Originally posted by: tfinch2
He might be a fool, but if you are posting about it on ATOT you have serious envy.

Not envious. Just curious to know what other people think.

 

[tami]

Originally posted by: ArJuN

Originally posted by: tami
my mother is a real estate agent. there are some realtors that do amazingly well -- even in the worst time periods -- and can afford extreme luxuries. her agency even has a millionaire's club and i think perhaps a billionaire's club. i'm not sure how it works, but some realtors can do mighty well off of their commissions.

Those 'Millionaire's Club and Billionaire's Club' don't refer to how much you are worth. They refer to how much you have transfered. My mom is in the 'Millionaire's club' because she sold one house...that was worth like 1.6M. And yea, her boss has the sickest car ever. The nicest one I can remember is the Diablo. Then again, I've only seen 2 of his cars...

yes, i know what they mean. but i also know that you move up as you sell more homes, and it's a true incentive for being in real estate. if you're in the billionaire's club, you can easily afford a luxury car.

 

[dirtboy]

Originally posted by: UncleWai

Originally posted by: CRXican
I'd much rather have a Ferrari and a Lamborgini wiht money left over than an overpriced MBZ

At that price range and when he can afford it, i don't think he gives a sh!t whether is overpriced or not.

When i am so rich that I have money to burn, I wouldn't mind buying large bucks on something I want. It's not like you can bring your money with you to the grave.

That's where I was wondering if people think he's foolish. How does anyone know if he can afford it or not? Maybe he hopes to continue to make enough money to afford it.

 

[dxkj]

Originally posted by: dirtboy
Among the many things I've been amazed that he's bought in the past couple years, this is crazy.

He just bought a brand new Mercedes-Benz McLaren SLR.

If you don't know what that is, here's a link to a couple articles at Edmunds.

First Drive: 2005 Mercedes-Benz SLR
Follow-Up Test: 2005 Mercedes-Benz SLR McLaren

No pics, but I'm not overly impressed with it in person.

Doesn't appear that he thinks there's a housing bubble.

Street legal? He might be able to out run the cops

 

[Budmantom]

Originally posted by: radioouman
He is a fool... most realtors are.

Do you have a car that's worth that much?

How about your house, is it worth that much?



Tom

 

[konichiwa]

Originally posted by: tami

Originally posted by: ArJuN

Originally posted by: tami
my mother is a real estate agent. there are some realtors that do amazingly well -- even in the worst time periods -- and can afford extreme luxuries. her agency even has a millionaire's club and i think perhaps a billionaire's club. i'm not sure how it works, but some realtors can do mighty well off of their commissions.

Those 'Millionaire's Club and Billionaire's Club' don't refer to how much you are worth. They refer to how much you have transfered. My mom is in the 'Millionaire's club' because she sold one house...that was worth like 1.6M. And yea, her boss has the sickest car ever. The nicest one I can remember is the Diablo. Then again, I've only seen 2 of his cars...

yes, i know what they mean. but i also know that you move up as you sell more homes, and it's a true incentive for being in real estate. if you're in the billionaire's club, you can easily afford a luxury car.

I work for an extremely large real estate company and most don't have a "billionaire's club," only a "millionaire's club" and the millionaire's club is for agents who sell over a million dollars in homes per year. Not that big of a deal really, you're only making $30,000 a year if you sell a million bucks in homes. Not chump change, but certainly not enough to buy a McLaren.

I would assume that the "billionaire's club" you speak of is something that accrues over the lifetime (or professional lifetime, at least) of the agent, so that maybe if he/she sells over a billion dollars in houses in the course of a career. Still, I've never heard of something like that but I would think that if you are in that club you're doing pretty well.

Not many people are, I guarantee...that means roughly $30mil in comissions. Not very many people make that in residential real estate...