Comments on: Asian American Influences in Real Estate: Silicon Valley and Beyond http://www.8asians.com/2009/08/16/asian-american-influences-in-real-estate-silicon-valley-and-beyond/ A blog for Asian Americans Mon, 13 Feb 2012 06:50:59 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Diawork1 http://www.8asians.com/2009/08/16/asian-american-influences-in-real-estate-silicon-valley-and-beyond/comment-page-1/#comment-133179 Diawork1 Sat, 31 Jul 2010 18:05:51 +0000 http://www.8asians.com/?p=3415#comment-133179 I don't know the status of Silicon Valley but i don't think this is a really bad idea, i mean asian's have a great culture and a good sense in art, food, building and other things like that. I wouldn't say that the houses are the perfect ones for me but i can't say i don't like them or that i wouldn't stay in a house like that. I found that real estate is a hard business and picking the right agency is hard, my sister recommended me <a rel=follow href=http://austinrealestate.homecity.com/ rel="nofollow">real estate Austin TX</a> and i`m pleased with there services, they do all sort of things for you. As for the asian-american buyers we will just have to wait and see what happens I don't know the status of Silicon Valley but i don't think this is a really bad idea, i mean asian's have a great culture and a good sense in art, food, building and other things like that. I wouldn't say that the houses are the perfect ones for me but i can't say i don't like them or that i wouldn't stay in a house like that. I found that real estate is a hard business and picking the right agency is hard, my sister recommended me real estate Austin TX and i`m pleased with there services, they do all sort of things for you. As for the asian-american buyers we will just have to wait and see what happens

]]> By: mrrice http://www.8asians.com/2009/08/16/asian-american-influences-in-real-estate-silicon-valley-and-beyond/comment-page-1/#comment-125960 mrrice Fri, 28 Aug 2009 19:03:19 +0000 http://www.8asians.com/?p=3415#comment-125960 Real estate agents are crooks, why should anyone care if they aren't making their unjust lofty commisions. This is capitalism at work, baby. Real estate agents are crooks, why should anyone care if they aren't making their unjust lofty commisions. This is capitalism at work, baby.

]]> By: bigWOWO http://www.8asians.com/2009/08/16/asian-american-influences-in-real-estate-silicon-valley-and-beyond/comment-page-1/#comment-125779 bigWOWO Tue, 18 Aug 2009 19:13:03 +0000 http://www.8asians.com/?p=3415#comment-125779 Thanks for your comment, Jeff. I'm not a Realtor, but I'm in the business. There is just so much double dealing in our community that it makes it hard for us to shed that image. Your BIL is right that a small number of infamous and "successful" AA agents are usually the ones who lead it, but I've seen that behavior trickle down to the smaller agents as well. Customers get roped in, and pretty soon, there's almost an expectation of kickbacks and dirty deals.<br><br>Anyway, I've had ethics on the mind because of a number of projects I've been doing recently. I blogged it here:<br><a href="http://www.bigwowo.com/2009/08/asians-ethics-and-you/" rel="nofollow">http://www.bigwowo.com/2009/08/asians-ethics-an...</a><br><br>I'm really happy that you guys see the problems with such conduct, but many in our community don't. I just don't know how we can change this aspect of our "culture." Thanks for your comment, Jeff. I'm not a Realtor, but I'm in the business. There is just so much double dealing in our community that it makes it hard for us to shed that image. Your BIL is right that a small number of infamous and “successful” AA agents are usually the ones who lead it, but I've seen that behavior trickle down to the smaller agents as well. Customers get roped in, and pretty soon, there's almost an expectation of kickbacks and dirty deals.

Anyway, I've had ethics on the mind because of a number of projects I've been doing recently. I blogged it here:
http://www.bigwowo.com/2009/08/asians-ethics-an…

I'm really happy that you guys see the problems with such conduct, but many in our community don't. I just don't know how we can change this aspect of our “culture.”

]]> By: Asians, Ethics, and You | big WOWO http://www.8asians.com/2009/08/16/asian-american-influences-in-real-estate-silicon-valley-and-beyond/comment-page-1/#comment-125764 Asians, Ethics, and You | big WOWO Tue, 18 Aug 2009 06:45:52 +0000 http://www.8asians.com/?p=3415#comment-125764 [...] this case, I saw this post by Jeff at 8 Asians.  In the post, he talks about a White Realtor telling his brother-in-law that [...] [...] this case, I saw this post by Jeff at 8 Asians.  In the post, he talks about a White Realtor telling his brother-in-law that [...]

]]> By: jeffat8asians http://www.8asians.com/2009/08/16/asian-american-influences-in-real-estate-silicon-valley-and-beyond/comment-page-1/#comment-125766 jeffat8asians Tue, 18 Aug 2009 05:42:43 +0000 http://www.8asians.com/?p=3415#comment-125766 I am not in real estate, but my brother-in-law definitely understands how unethical these practices are and often complains about it himself as he also gets affected negatively. He points out that most of the problems are from a small number of infamous Asian-American agents who make a large amount of money (lots of transactions) while messing up the reputation of all Asian-American agents (who really resent that). You are absolutely right - it distorts the market, as the highest and best bids don't always win, or the highest bids are enabled by those kickbacks. I am not in real estate, but my brother-in-law definitely understands how unethical these practices are and often complains about it himself as he also gets affected negatively. He points out that most of the problems are from a small number of infamous Asian-American agents who make a large amount of money (lots of transactions) while messing up the reputation of all Asian-American agents (who really resent that). You are absolutely right – it distorts the market, as the highest and best bids don't always win, or the highest bids are enabled by those kickbacks.

]]> By: bigWOWO http://www.8asians.com/2009/08/16/asian-american-influences-in-real-estate-silicon-valley-and-beyond/comment-page-1/#comment-125752 bigWOWO Mon, 17 Aug 2009 22:17:02 +0000 http://www.8asians.com/?p=3415#comment-125752 Kickbacks are highly, highly unethical. They poison the market. In this case, I agree 100% with the White realtor, and it's unfortunate that our people do this. I'm also sorry to see that this poor behavior among Asian people isn't limited to Oregon.<br><br>Jeff, I'm sure you're not in the industry (or you would've mentioned this), but I hope your brother-in-law understands how kickbacks hurt everyone and contribute to our dis-empowerment as people. Simply saying that Asians buy places in good areas does nothing to tarnish the stain of bad behavior. It would be like excusing Kenneth Lay or Bernie Madoff just because they gave money to charity. Kickbacks are highly, highly unethical. They poison the market. In this case, I agree 100% with the White realtor, and it's unfortunate that our people do this. I'm also sorry to see that this poor behavior among Asian people isn't limited to Oregon.

Jeff, I'm sure you're not in the industry (or you would've mentioned this), but I hope your brother-in-law understands how kickbacks hurt everyone and contribute to our dis-empowerment as people. Simply saying that Asians buy places in good areas does nothing to tarnish the stain of bad behavior. It would be like excusing Kenneth Lay or Bernie Madoff just because they gave money to charity.

]]> By: timat8asians http://www.8asians.com/2009/08/16/asian-american-influences-in-real-estate-silicon-valley-and-beyond/comment-page-1/#comment-125745 timat8asians Mon, 17 Aug 2009 14:39:44 +0000 http://www.8asians.com/?p=3415#comment-125745 In California, the disclosure only requires you disclose if someone has passed in the home for the last 3 years. If someone died in the house before 3 years ago, you'd have to do your own research to find out. Also it's also based on the seller's knowledge (if someone died and they didn't know about it, they can't disclose it obviously). As for the spinning compass, I don't know if it'd work, but I'd be interested in seeing one! In California, the disclosure only requires you disclose if someone has passed in the home for the last 3 years. If someone died in the house before 3 years ago, you'd have to do your own research to find out. Also it's also based on the seller's knowledge (if someone died and they didn't know about it, they can't disclose it obviously). As for the spinning compass, I don't know if it'd work, but I'd be interested in seeing one!

]]> By: jeffat8asians http://www.8asians.com/2009/08/16/asian-american-influences-in-real-estate-silicon-valley-and-beyond/comment-page-1/#comment-125733 jeffat8asians Mon, 17 Aug 2009 03:41:04 +0000 http://www.8asians.com/?p=3415#comment-125733 Well, the real estate agent said that his Feng Shui guy had some kind of magic compass that would spin in circles if someone had died in the house. That's what he said! We didn't use these particular services, btw. The magic compass should be unnecessary, because one of the disclosures by the seller (at least in California) asks whether anyone died in the house, but perhaps the intent is to catch people who lie about that. Well, the real estate agent said that his Feng Shui guy had some kind of magic compass that would spin in circles if someone had died in the house. That's what he said! We didn't use these particular services, btw. The magic compass should be unnecessary, because one of the disclosures by the seller (at least in California) asks whether anyone died in the house, but perhaps the intent is to catch people who lie about that.

]]>