{"id":5786,"date":"2008-11-23T19:27:07","date_gmt":"2008-11-24T02:27:07","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=5786"},"modified":"2008-11-24T06:54:05","modified_gmt":"2008-11-24T13:54:05","slug":"rcom-finally-a-bailout-that-interests-me","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5786\/rcom-finally-a-bailout-that-interests-me\/","title":{"rendered":"R.com – Finally a bailout that interests me… ;-)"},"content":{"rendered":"

I am not a fan of the recent bailouts. (Too many reasons…Let’s don’t go there.)<\/p>\n

But Russell Shaw put forth a bailout plan that has intrigued me<\/a>. You see…the stock market being low has its advantages. Now’s the time to buy back REALTOR.com, NAR. You should be able to get it for a song.<\/p>\n

Additional note: Some person named Torb had the audacity to comment on Russell’s post saying that we did not know about how much it costs to pay the engineers who design the site, write the software, blah blah blah…<\/p>\n

Well, thanks to the miracle of public companies, the SEC and enquiring minds that want to know…YES WE DO. (grin)<\/strong> According to Move, Inc.’s 10K report for 2007 (dated February 29, 2008), it was $34,656,000 …give or take. And that was for MORE than REALTOR.com. That included Move.com, Moving.com, and TopProducer <\/strong>(a sister company under the Move Inc. umbrella). So that means (in English) that REALTOR.com was only a FRACTION of that. Since I only have access to the consolidated financials, that is as far as I can break it down. <\/p>\n

If I said that REALTOR.com was 50% of the engineers would I be too far off? I don’t think so. Let’s just make it an even $20 mil for grins. (It is less IMO, but I am in a generous mood.)<\/p>\n

OK, Torb..but those engineers have to be supervised, right? OK, general and administrative expenses were almost $81 million compared to that +\/- $35 million. And hang onto your hat…on the same financials, Sales and Marketing Expenses were $108,633,000. Much of those sales and marketing dollars were directed towards marketing AT REALTORS…that’s a LOT more than the guys coding the sites got! Did y’all really need THAT much supervision and sales??<\/p>\n

If we did a bailout, wouldn’t much of that be SAVED? (Methinks..YES!)<\/p>\n

Torb? If you are looking close I will help you with some other accounting fun…you ready? How many REALTORS are there in NAR? Well, let’s just say that we suffer big losses in our industry and go back to the scary number of 1 MILLION.<\/p>\n

And then let’s go back Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I am not a fan of the recent bailouts. (Too many reasons…Let’s don’t go there.) But Russell Shaw put forth a bailout plan that has intrigued me. You see…the stock market being low has its advantages. Now’s the time to buy back REALTOR.com, NAR. You should be able to get it for a song. Additional […]<\/p>\n","protected":false},"author":28,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[10],"tags":[],"class_list":["post-5786","post","type-post","status-publish","format-standard","hentry","category-realty-reality","no-featured-image"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":650,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/650\/an-argument-for-dual-agency-%e2%80%93-part-1\/","url_meta":{"origin":5786,"position":0},"title":"Dual Agency Smack-Down: An Argument FOR Dual Agency – part 1","author":"Russell Shaw","date":"November 18, 2006","format":false,"excerpt":"This is a stupid subject. This is a necessary subject. There are a lot of different viewpoints on this subject. A lot of the viewpoints that seem to matter came from lawyers, court decisions (judges who are also lawyers), and other people who are also wrong. Back in the days\u2026","rel":"","context":"In "Dual Agency"","block_context":{"text":"Dual Agency","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dual-agency\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12566,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12566\/happy-4th-of-july-weekend\/","url_meta":{"origin":5786,"position":1},"title":"Happy 4th of July Weekend.","author":"Alex Cortez","date":"July 2, 2010","format":false,"excerpt":"I wanted to take a brief moment to extend a Happy 4th of July greeting to all in the BH community.\u00a0 I was born and raised in El Salvador in the midst of an infamous civil war (infamous for its use of children as pawns in the war machine), migrating\u2026","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"american flag","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2010\/07\/flag.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1123,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1123\/whats-the-rate\/","url_meta":{"origin":5786,"position":2},"title":"What’s The Rate?","author":"Brian Brady","date":"March 7, 2007","format":false,"excerpt":"There are so many ways we were taught in mortgage sales training to answer that question: 1) Well...that depends on your...credit...income...equity...purpose for the loan , etc. 2) What rate are you trying to get? 3) It would be unprofessional of me to diagnose your problem...blah...blah...blah I realize that when a\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18622,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18622\/overnight-news-what-better-year-to-learn-how-best-to-fight-with-your-relatives-over-the-thanksgiving-dinner-table\/","url_meta":{"origin":5786,"position":3},"title":"Overnight News: What better year to learn how best to fight with your relatives over the Thanksgiving Dinner\u00a0table?","author":"Greg Swann","date":"November 24, 2021","format":false,"excerpt":"Miss Chioux is with us for Thanksgiving, a very special treat, and I don't feel much like hectoring the world this morning. Instead, I will send you to one of my favorite essays: \u201cHow to fight with your relatives over the Thanksgiving Dinner table.\u201d Seems especially momentous this year... In\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17915,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17915\/overnight-news-the-most-important-preparation-for-selling-a-home-know-what-market-youre-in\/","url_meta":{"origin":5786,"position":4},"title":"Overnight News: The most important preparation for selling a home? Know what market you\u2019re\u00a0in.","author":"Greg Swann","date":"March 2, 2021","format":false,"excerpt":"For my two most-recent listings, the prep work consisted of landscaping \u2013 around $300 each. For one, I had planned to have a huge, ugly tree trimmed, but the house sold before the tree surgeon could sharpen his scalpel. For vacant listings, I'm doing landscaping plus deep cleaning, but I'm\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3435,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3435\/i-kissed-dating-goodbye\/","url_meta":{"origin":5786,"position":5},"title":"I Kissed Dating Goodbye","author":"Hunter Jackson","date":"July 21, 2008","format":false,"excerpt":"I\u2019m young. I am new to real estate, even newer to the RE.net. Inexperienced, blind, deaf, dumb, starving, full, big headed, blah blah blah. These are all adjectives that described me in my first months on the job. Heck, they probably still describe me. 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