shady brokers

Warehouse 11 Williamsburg is Bankrupt and Developer Robs 214 N 11th St

Have you heard the one about the Brooklyn developer “robbing” his own new condo of appliances to sell them for a few bucks while falling into bankruptcy? I guess they named it Warehouse 11 in case they needed to use it as a source of high-end appliances for sale! The esteemed architect, Karl Fisher’s “clean, [...]

11Oct2009 | | 1 comment | Continued

Craig’s List Finally Takes Action to Prevent Housing Discrimination

(post by BT) Looks like Craig’ List finally got up to speed, caught up with the times…
 
Below is their new and finally clear description of what is not allowed. Craig’s even provides potential victims of discrimination links to file complaints. 
 
What I would like to know is… now that they have made it easier to make [...]

25Jan2009 | | 0 comments | Continued

Roommate Site Loaded With Housing Discrimination Loses Case for Immunity

(post by BT) This site - http://www.roommates.com - is loaded with housing discrimination ads. While Craig’s List and many other popular local and national classifieds sites have a full program in place to ensure equal housing opportunities, roommates.com had been making excuses.
 
See the transcript of this release from Realtor.com. It refers to the “230 immunity” [...]

22Nov2008 | | 0 comments | Continued
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Rent By-owner Ad on Craig’s List

(post by BT) This ad appeared on New York Craig’s List in July (we noticed it on July 22, 2008):
“THIS 2 BEDROOM APT. OFFERS A BRAND NEW BATHROOM EQUIPPED WITH ULTRA MODERN CORNER SPA TUB, AND SEPARATE SHOWER. BRAND NEW KITCHEN WITH GRANITE COUNTERS AND BACKSPLASH. LAMINATE FLOORING THROUGHOUT. EXCELLENT LOCATION, WALKING DISTANCE TO SHOPS [...]

2Aug2008 | | 0 comments | Continued

Vulture Real Estate Brokers That Steal Your Property?

(post by BT) There is a real estate broker in my area that has been in the business for over 35 years. People hire him because they assume he has experience and time-proven service reputation… Wrong - more like disservice! This guy has a few bad habits that benefit only him: he doesn’t co-broke with [...]

2Jul2008 | | 0 comments | Continued

Cap Rates: Is Commercial Real Estate Also Falling?

(post by Dee) I recently read a blog post titled Slow Motion Crash that predicts commercial real estate is headed in the same direction as residential - down. He compares the life cycle of the housing market bubble to that of commercial properties, and points to higher vacancies and longer time it takes nowadays to [...]

20Jun2008 | | 0 comments | Continued
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Stupid Brokers Part 1: Property Advertising Sign for Sale

(post by BT) It seems the longer I am in this business, the stranger the people I run into. This is what 2 moronic brokers asked me today: “Can we put our sign on your commercial listing and take yours down?” This is how it went. I get a call for a corner property / [...]

2Jun2008 | | 0 comments | Continued

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