Sean Hannity's real estate venture linked to fraudulent property dealer

cawacko said:
Wow, you really don't understand how (real estate) markets work. You don't understand how this process works. What exactly do you think someone like Brock does when they purchase a home at an auction?
Click to expand...

He obviously resells it. The price probably depends on the client he's selling the place to. A guy like Hannity should be able to negotiate a better price just because of who he is. Brock probably thinks it's cool that he's in business with a celebrity. Probably brags to his friends about it. Has an autographed picture of the two of them buddy-buddying it up on the golf course.

But if what you said is true, that Brock drove down the price he paid, then ass-raped Hannity on the markup, then what I said is equally true... that Hannity is a dumbass and sucks at business.

Even worse, the auction price guys like Brock pay, is public information. If Hannity was a smart as he tries to portray himself, he'd have known that and used the info to negotiate a better deal for himself.

Hannity is a shmuck.
 
Nomad said:
He obviously resells it. The price probably depends on the client he's selling the place to. A guy like Hannity should be able to negotiate a better price just because of who he is. Brock probably thinks it's cool that he's in business with a celebrity. Probably brags to his friends about it. Has an autographed picture of the two of them buddy-buddying it up on the golf course.

But if what you said is true, that Brock drove down the price he paid, then ass-raped Hannity on the markup, then what I said is equally true... that Hannity is a dumbass and sucks at business.

Even worse, the auction price guys like Brock pay, is public information. If Hannity was a smart as he tries to portray himself, he'd have known that and used the info to negotiate a better deal for himself.

Hannity is a shmuck.
Click to expand...

I'm surprised you didn't vote for Trump if you are that awe struck by celebrity. Why would someone ever sell a property for less just because the person's a celebrity?

People buy properties that are forclosed and at auctions because they want to get a discount. That is what Brock did (illegally by colluding). He then fixed up (generally) the homes and sold them off. Any home for sale is going to try and get market pricing. I can't speak specifically to all the markets in Georgia but if Hannity bought in 2012, based on national markets, he did quite well for himself.

I'm trying to picture someone like you going up to a seller today saying "I know you're asking $5 million but you only paid $2 million for this home ten years ago so I'm going to offer you $3 million" as if current market conditions don't matter.

I looked at this guy's resume. He's sold over 3,500 homes. He sold 11 Hannity. According to the Guardian there was a guy working for Hannity who purchased the homes.

Either way it is disconcerting that you are not a millennial yet understand so little about something as basic of how the real estate market works.
 
cawacko said:
I'm surprised you didn't vote for Trump if you are that awe struck by celebrity. Why would someone ever sell a property for less just because the person's a celebrity?

People buy properties that are forclosed and at auctions because they want to get a discount. That is what Brock did (illegally by colluding). He then fixed up (generally) the homes and sold them off. Any home for sale is going to try and get market pricing. I can't speak specifically to all the markets in Georgia but if Hannity bought in 2012, based on national markets, he did quite well for himself.

I'm trying to picture someone like you going up to a seller today saying "I know you're asking $5 million but you only paid $2 million for this home ten years ago so I'm going to offer you $3 million" as if current market conditions don't matter.

I looked at this guy's resume. He's sold over 3,500 homes. He sold 11 Hannity. According to the Guardian there was a guy working for Hannity who purchased the homes.

Either way it is disconcerting that you are not a millennial yet understand so little about something as basic of how the real estate market works.
Click to expand...

First of all, I hate celebrities. But I wasn't talking about myself. I was talking about the kind of douchebag who would get involved in business with the likes of Sean Hannity. But to answer your rather dumb question, people give celebrities sweet deals all the time just because they are so enamored of them. Or because being associated with them makes them feel important so they want to encourage the friendship. Or just because they're friends. Or.... I could go on and on, but it shouldn't have to be explained to you.

You are the one who obviously either doesn't understand how basic buying and selling, offering and counter-offering, works.

I'm trying to picture someone like you going up to a seller today and saying "I know you're asking $5 million for this property even though it's really only worth $3.5 million, but I'm so stupid, I'm just going to give you your asking price because the concept of price negotiation is something I just don't understand".

And that bit about what your hypothetical guy paid ten years ago....? Where did that come from??? Was Hannity buying properties that Brock had held on to for ten years? Or is your desperate attempt at an example just totally irrelevant?

Whatever. I stand by my statement.

If Hannity paid 2 or 3 times what Brock paid as you claimed, he's a dumbass and a lousy businessman.

Do you think Trump would do that? He'd talk the guy into giving it to him for less than what he paid, then stiff him anyway.
 
Nomad said:
First of all, I hate celebrities. But I wasn't talking about myself. I was talking about the kind of douchebag who would get involved in business with the likes of Sean Hannity. But to answer your rather dumb question, people give celebrities sweet deals all the time just because they are so enamored of them. Or because being associated with them makes them feel important so they want to encourage the friendship. Or just because they're friends. Or.... I could go on and on, but it shouldn't have to be explained to you.

You are the one who obviously either doesn't understand how basic buying and selling, offering and counter-offering, works.

I'm trying to picture someone like you going up to a seller today and saying "I know you're asking $5 million for this property even though it's really only worth $3.5 million, but I'm so stupid, I'm just going to give you your asking price because the concept of price negotiation is something I just don't understand".

And that bit about what your hypothetical guy paid ten years ago....? Where did that come from??? Was Hannity buying properties that Brock had held on to for ten years? Or is your desperate attempt at an example just totally irrelevant?

Whatever. I stand by my statement.

If Hannity paid 2 or 3 times what Brock paid as you claimed, he's a dumbass and a lousy businessman.

Do you think Trump would do that? He'd talk the guy into giving it to him for less than what he paid, then stiff him anyway.
Click to expand...

Can you offer one example of someone who sold their real estate at a discount because the buyer was a celebrity?

So according to you anyone who pays market value for real estate is an idiot. America is full of idiots then. Have you ever owned real estate? If yes what was your secret to never paying market value?
 
cawacko said:
Can you offer one example of someone who sold their real estate at a discount because the buyer was a celebrity?

So according to you anyone who pays market value for real estate is an idiot. America is full of idiots then. Have you ever owned real estate? If yes what was your secret to never paying market value?
Click to expand...

Can you offer one example of someone who refused to come down from their asking price to a celebrity buyer? No, you can't because you aren't privy to such private information just like I'm not, so it's a pointless question.

But once again, these two were not strangers. This was not a case of Hannity answering "For Sale By Owner" ads in the paper or driving around looking for sale signs in random front yards. They had an ongoing business relationship so it's not that difficult to imagine Hannity expecting Brock to cut him good deals that he might not cut someone else.

But you're the one claiming that didn't happen.

You're in effect saying that Hannity is a dumbass and a shitty businessman.

Hell, for all we know, Hannity could've been blackmailing Brock. He might've known about the bid rigging that was going on and told Brock to sell properties to him at cheap prices or he'd blow the whistle. Who knows? Anything's possible.
 
Nomad said:
Can you offer one example of someone who refused to come down from their asking price to a celebrity buyer? No, you can't because you aren't privy to such private information just like I'm not, so it's a pointless question.

But once again, these two were not strangers. This was not a case of Hannity answering "For Sale By Owner" ads in the paper or driving around looking for sale signs in random front yards. They had an ongoing business relationship so it's not that difficult to imagine Hannity expecting Brock to cut him good deals that he might not cut someone else.

But you're the one claiming that didn't happen.

You're in effect saying that Hannity is a dumbass and a shitty businessman.

Hell, for all we know, Hannity could've been blackmailing Brock. He might've known about the bid rigging that was going on and told Brock to sell properties to him at cheap prices or he'd blow the whistle. Who knows? Anything's possible.
Click to expand...

Brock has sold over 3,500 properties according to his resume. If he was giving sweetheart deals because someone bought 11 of them then he's a fool.

I did work with a group that was just like Brock except we sold the properties to Chinese investors. We sold a good number but there were no discounts and sh*t was all at market pricing. We were the middlemen just like Hannity had a middleman dealing with Brock. Our Chinese investors didn't know who the owner was.

You claimed property owners give celebrities sweetheart deals all the time. If that's the case you should be able to share one example
 
cawacko said:
Brock has sold over 3,500 properties according to his resume. If he was giving sweetheart deals because someone bought 11 of them then he's a fool.

I did work with a group that was just like Brock except we sold the properties to Chinese investors. We sold a good number but there were no discounts and sh*t was all at market pricing. We were the middlemen just like Hannity had a middleman dealing with Brock. Our Chinese investors didn't know who the owner was.

You claimed property owners give celebrities sweetheart deals all the time. If that's the case you should be able to share one example
Click to expand...

If Hannity and Brock were on a personal basis and Hannity didn't get a better deal than what you claim, then he's a dumbfuck who shouldn't be in business.

Even if they weren't on a personal basis, Hannity's go between should've been savvy enough to know how much Brock was paying and had the negotiating skills to get the final sale price down to the point where Brock could make a profit and Hannity could get a decent deal without getting soaked.

Obviously you think Hannity was too stupid to get a decent price on his own and too stupid to hire a decent representative.

So what are we arguing about?

On the subject of Hannity being a dumbass, you are in agreement with me.

Thanks for your support. :good4u:
 
Nomad said:
If Hannity and Brock were on a personal basis and Hannity didn't get a better deal than what you claim, then he's a dumbfuck who shouldn't be in business.

Even if they weren't on a personal basis, Hannity's go between should've been savvy enough to know how much Brock was paying and had the negotiating skills to get the final sale price down to the point where Brock could make a profit and Hannity could get a decent deal without getting soaked.

Obviously you think Hannity was too stupid to get a decent price on his own and too stupid to hire a decent representative.

So what are we arguing about?

On the subject of Hannity being a dumbass, you are in agreement with me.

Thanks for your support. :good4u:
Click to expand...

Please explain how ones basis in a property has anything to do with current market value.
 
Nomad said:
First please show me proof that Hannity paid current market price and not more.
Click to expand...

We have no clue what he paid. But this hits at the point you don't understand what you are talking about here. You keep arguing the importance of knowing what Brock paid for the property along with any improvements he made. That's his basis in the property. You are arguing negotiations should be based on that, not current market conditions. That makes zero sense.
 
cawacko said:
We have no clue what he paid. But this hits at the point you don't understand what you are talking about here. You keep arguing the importance of knowing what Brock paid for the property along with any improvements he made. That's his basis in the property. You are arguing negotiations should be based on that, not current market conditions. That makes zero sense.
Click to expand...

What improvements did Brock make to these properties? You don't even know if that happened. At the rate Brock was buying and flipping, I doubt he did many improvements on them. Sounds like all he did was buy dirt cheap at rigged auctions then immediately resell them to chumps like Hannity, for 4x what he paid. If Hannity knew this guy was buying properties at auction and was involved in an ongoing business relationship with him, he should've made it his business to know how much the guy was paying and used that knowledge as part of the basis for his negotiating a better deal for himself.

This is just basic, common sense stuff which requires no specialized knowledge which you are trying to imply you possess.

You keep harping on how I don't possess your supposedly deep, in depth expertise in the real estate flipping business, but you seem to lack a basic understanding of the most fundamental concepts of doing business, period.

Nobody who is worth a flip at any kind of business, just unquestioningly pays asking price without negotiating. Especially in real estate. The original asking price is always set high because the expectation of negotiation is built into the price with the seller expecting to come down.

When I bought my house, I made an intital offer of $10k less than the asking price. They counter offered at $2k less than asking. I counter offered again right down the middle at $5k less than asking and they accepted.

That is the way the real estate business works and YOU are the one who apparently doesn't understand it.

But again, I'm glad that you agree with me about what a dumbass chump Hannity is.
 
Nomad said:
What improvements did Brock make to these properties? You don't even know if that happened. At the rate Brock was buying and flipping, I doubt he did many improvements on them. Sounds like all he did was buy dirt cheap at rigged auctions then immediately resell them to chumps like Hannity, for 4x what he paid. If Hannity knew this guy was buying properties at auction and was involved in an ongoing business relationship with him, he should've made it his business to know how much the guy was paying and used that knowledge as part of the basis for his negotiating a better deal for himself.

This is just basic, common sense stuff which requires no specialized knowledge which you are trying to imply you possess.

You keep harping on how I don't possess your supposedly deep, in depth expertise in the real estate flipping business, but you seem to lack a basic understanding of the most fundamental concepts of doing business, period.

Nobody who is worth a flip at any kind of business, just unquestioningly pays asking price without negotiating. Especially in real estate. The original asking price is always set high because the expectation of negotiation is built into the price with the seller expecting to come down.

When I bought my house, I made an intital offer of $10k less than the asking price. They counter offered at $2k less than asking. I counter offered again right down the middle at $5k less than asking and they accepted.

That is the way the real estate business works and YOU are the one who apparently doesn't understand it.

But again, I'm glad that you agree with me about what a dumbass chump Hannity is.
Click to expand...

Did you say you went to UCF? If yes were you able to do so without taking a basic econ course which discusses markets and supply and demand? Where I live asking rates on property is the beginning of the negotiation higher. If you came in with an offer under asking it would be laughed at then thrown away. Prices are market driven.

I know this guy did work on his homes because I read his bio and his business model. It's the same thing I did when I bought foreclosed homes and it's the same thing others did who I bought foreclosed homes from. Many foreclosed homes got damaged by former owners prior to giving them back to the banks. It's a risk you take purchasing them at auctions site unseen.

You are so hung up on what Brock paid which means nothing. Hence the comments above about not understanding markets.
 
What's amazing, or maybe it shouldn't be surprising, is that Bourbon posted the article and then five others liked it along with you that said he was a crook for doing this. Again, not everyone works in real estate and has to understand how this total process works but it just shows a lack of even basic understanding to think buying homes is illegal. Just another example of partisanship making people really stupid.
 
cawacko said:
Did you say you went to UCF? If yes were you able to do so without taking a basic econ course which discusses markets and supply and demand? Where I live asking rates on property is the beginning of the negotiation higher. If you came in with an offer under asking it would be laughed at then thrown away. Prices are market driven.

I know this guy did work on his homes because I read his bio and his business model. It's the same thing I did when I bought foreclosed homes and it's the same thing others did who I bought foreclosed homes from. Many foreclosed homes got damaged by former owners prior to giving them back to the banks. It's a risk you take purchasing them at auctions site unseen.

You are so hung up on what Brock paid which means nothing. Hence the comments above about not understanding markets.
Click to expand...

:rofl2: You've obviously never bought a house in your life!!!!! :rofl2:

What a rube!!! :palm:

Everybody negotiates real estate deals. Everybody. Unless they're dumbasses.

Chapter 1 of the textbook for Home Buying 101.

You're trying so hard to defend Hannity that you're making yourself look foolish.

And yes, I had to take Economics.

Where I live asking rates on property is the beginning of the negotiation higher.
Click to expand...

I guess they do things differently in Idiotville.

Capital of Bizzaro World.
 
Nomad said:
:rofl2: You've obviously never bought a house in your life!!!!! :rofl2:

What a rube!!! :palm:

Everybody negotiates real estate deals. Everybody. Unless they're dumbasses.

Chapter 1 of the textbook for Home Buying 101.

You're trying so hard to defend Hannity that you're making yourself look foolish.

And yes, I had to take Economics.



I guess they do things differently in Idiotville.

Capital of Bizzaro World.
Click to expand...

SMH. You clearly didn't pay attention in class then or in the real world if it is surprising to you that demand outstrips supply some of the time.
 
cawacko said:
SMH. You clearly didn't pay attention in class then or in the real world if it is surprising to you that demand outstrips supply some of the time.
Click to expand...

Typical right-winger nonsense.

When you can't dazzle them with brilliance, try to baffle them with
bullshit-bs-smiley-emoticon.gif


:palm:

Yeah, we all know the market fluctuates, prices go up and prices go down. But real estate is different in that there are often other motivating factors behind the sale and the final sale price. People who sell real estate are often desperate to sell because of other personal situations in their lives. A new job forcing them to relocate and sell, family matters that necessitate relocation and a quick sale, etc, etc, etc. The number of reasons why someone might be motivated to sell for less than they could get if they had plenty of time to stick to their original asking price, are as plentiful and varied as there are people.

You are vastly oversimplifying the issue because you're desperate to defend Hannity and look like you know what you're talking about when you obviously don't.

And again, I'm glad you agree with me that Hannity is a chump real estate investor.
 
Nomad said:
Typical right-winger nonsense.

When you can't dazzle them with brilliance, try to baffle them with
bullshit-bs-smiley-emoticon.gif


:palm:

Yeah, we all know the market fluctuates, prices go up and prices go down. But real estate is different in that there are often other motivating factors behind the sale and the final sale price. People who sell real estate are often desperate to sell because of other personal situations in their lives. A new job forcing them to relocate and sell, family matters that necessitate relocation and a quick sale, etc, etc, etc. The number of reasons why someone might be motivated to sell for less than they could get if they had plenty of time to stick to their original asking price, are as plentiful and varied as there are people.

You are vastly oversimplifying the issue because you're desperate to defend Hannity and look like you know what you're talking about when you obviously don't.

And again, I'm glad you agree with me that Hannity is a chump real estate investor.
Click to expand...

Actually it's your feelings towards Hannity that is blinding you to how markets work and what's happening here.

Do you follow the news and see the cost of housing in coastal cities in this country? Are you that unaware of what's been going on? Homes in my area generally are on the market for only a couple of weeks and most sell for over asking. SF isn't the only place where this is occurring. But based on your responses you have no idea this is happening.

Since you want to get political maybe this is why Bernie appeals to so my liberals because you lack a common understanding of how markets function.
 
Nomad said:
Typical right-winger nonsense.

When you can't dazzle them with brilliance, try to baffle them with
bullshit-bs-smiley-emoticon.gif


:palm:

Yeah, we all know the market fluctuates, prices go up and prices go down. But real estate is different in that there are often other motivating factors behind the sale and the final sale price. People who sell real estate are often desperate to sell because of other personal situations in their lives. A new job forcing them to relocate and sell, family matters that necessitate relocation and a quick sale, etc, etc, etc. The number of reasons why someone might be motivated to sell for less than they could get if they had plenty of time to stick to their original asking price, are as plentiful and varied as there are people.

You are vastly oversimplifying the issue because you're desperate to defend Hannity and look like you know what you're talking about when you obviously don't.

And again, I'm glad you agree with me that Hannity is a chump real estate investor.
Click to expand...

I am inclined to believe that banks were somehow incentivized to take losses on foreclosures. I bought Citi-owned REO property where they turned down my offer then auctioned it and sold it to me for significantly less than I had offered on it. I am not the only one they did this with. With these odd stipulations I see in some auctions, I am inclined to believe a lot of these bank-owned properties have some back-room government hand pulling strings.
 
You must log in or register to reply here.
Back
Top