rant · moment 9 of 17
Dumb Salespeople and Predatory Mortgage Stories
from 147 - Love Tim (with Kevin Tienken) · #147
7 min
Riff on real estate agents and salespeople being unintelligent but effective, including stories from Tim's time at Wells Fargo, a scarred job applicant, speed-addict coworkers, and an elderly man signed into a predatory million-dollar loan.
- Tim reads real estate books and decides to get rich by renting out property.
- He attends a three-thousand-dollar real estate conference where the front desk staff doesn't know what's happening.
- The conference speaker's actual advice: look in the newspaper classifieds for houses and try to get them financed.
- Real estate is a business for people who think books are gay; even millionaires making ten million a year are stupid and can only talk about tile.
- Realtors drive past homeless tent cities in LA without looking or thinking about them, focused only on the sale.
- Tim would be bad at real estate sales because he'd interrupt the pitch to point out the societal collapse happening outside.
- At Wells Fargo, his manager hires a woman with a visible suicide scar because all the company needs is hungry people with no morals.
- A woman in her thirties with six-inch heels talks an eighty-year-old man into a loan for 1.2 million dollars on a 750-thousand-dollar house to buy a pool and boat.
- His coworker Keith would come in excited about the brass and scrap metal he stole the night before while high on speed.
- Howie was a cocaine dealer and mortgage salesman who didn't understand mortgages and wanted to move to Santo Domingo because that's where they treat you like a person.
real estateWells FargoRobert KiyosakiBeetlejuice