“A pint of sweat saves a gallon of blood.”- General George S. Patton (1885-1945)
“Sometimes it is not enough that we do our best; we must do what is required.”- Sir Winston Churchill (1874-1965)
” The best way to predict the future is to invent it.”- Alan Kay
“Sanity is a madness put to good uses.”- George Santayana (1863-1952)
“Friends may come and go, but enemies accumulate.”- Thomas Jones
The Oxford dictionary has added a new word to its extensive vocabulary which signifies the ever grow influence of social media. The word “unfriend” has managed to find its way into the English language. For those of you who are unfamiliar with the term, “unfriend,” means to remove someone from your friends list on any particular social network. Facebook being a great example. For someone who is unfamiliar with social networking, “unfriending” doesn’t seem like a big deal at first. But in reality it can be the equivalent of ending a meaningful friendship with someone. Social media has become an intricate part of communicating with others. Many people have developed friendships through mainly through these social networks. “Unfriending someone can have a hug impact on your social network standing if your not careful who you remove. “Unfriending” can be no different then ending a friendship in person. Perhaps many Facebook users don’t realize this, but you can be offending someone without even knowing it. It’s important that Facebookusers learn proper etiquette when using such networks. Communicating through Facebook and other sites is no different then talking with people in person. Having this approach will only help your reputation in the social media world.
The apple IPhone since it’s official launch several years ago has changed the mobile media landscape forever. It has also helped in the new social media revolution that is changing the way we communicate forever. But with other phones entering the market challengin the Iphones supremacy, will the Iphone still be relevent several years from now? It is a valid question. Look at how technology has changed in just the past few years. It is certainly realistic to think that a new phone can overtake the amazing IPhone. But the IPhone has become more then just a smart phone. It has become a cultural symbol of modern day cool. Business people of all types sport the IPhone as a way to do business. Many Realtors have switched to the IPhone because it gives them the mobility to interact through the venue of social media. i.e Twitter. Plus with apps like Zillow and MLS search. The IPhone is a tool that Realtors cannot do business without. The Iphone will be around for sometime, but this should bring about some other great phones the Apples competitors.
Tech giants Mircosoft and Google are trying to tap into the Twitter phenomenon. The companies are in talks about a possible data licensing deal. The two companies are trying to take advantage of the real time information Twitter has from the tweets of its 54 million users. The problem is there could be a conflict of interest on the part of Microsoft since it also has stake in Facebook. But why are companies like Google and Mircosoft after real time data? One answer is trends. With real time information, companies will be able to determines trends in music, pop culture, and of course technology. This will certainlyhelp product development. The ability to be able to communicate and understand consumers in real time is a coveted ability sought after by major companies. This will undoubtedly give Twitter more leverage in the new social media revolution.
Starting Thursday, Twitter users will be able to make direct voice calls to each other. The service will be provided by a third party company called Jajah, an Internet communications provider. To use the service, users will have to type in “@call@username to contact someone by voice. Facebook is also using voice communication technology courtesy of Vivox. The pros for this are obvious. This will make it even easier to communicate and network with other Twitter users. If someone sends out a tweet related to Real Estate. You can call this person directly to discuss there tweet. The downside is that users, more specifically telemarketers, will abuse this system. Just imagine being bombarded with voice calls from telemarketers right when opening Twitter. Pretty annoying! Companies will certainly use this loophole to get past the do not call list.This abuse will bring more rules and regulations that will only hurt the Twitter experience. Twitter and Facebook certainly have the right idea, only time will tell if this application will improve the social networking experience.Impact Pt II buy
I was surfing the web yesterday and came across this YouTube video of a 60 minutes episode that must have aired recently. The episode was concerning a new wave of adjustable rate mortgages called option mortgages. These mortgages grew in popularity the last few years due to its payment flexibility. A borrower can choose to make payments that are less then the interest due on the mortgage. From a borrowers perspective this seems like a great deal. But According to TheTruthAboutMortgage.com:
What many borrowers may not understand is that paying the minimum payment each month is simply a way of deferring the interest, not avoiding it altogether. By paying the minimum payment each month, the accrued interest eventually stacks up against the borrower, while effectively building zero equity. And after five years of paying the minimum payment, the borrower would have a loan balance above their original balance without the flexibility of the minimum payment option.
What’s even worse is that many borrowers are currently defaulting on their 3% teaser rates that haven’t even reset yet. What’s going to happen when the interest rates reset? And like other exotic mortgages, option mortgages were sold in mortgage back securities that were purchased by major financial institutions. We may not have seen the worst in the Real Estate market yet. There will be a sharp rise in distressed properties that will overwhelm the market in the next few years. What can we do as Realtors? If you aren’t dealing with Short Sales now, then my suggestion is you start. Because if this article proves to be correct, short sales will be here to stay for some time.