Thursday, September 27, 2007

…it probably is a duck

Foxtons New Jersey Shuts Business, Blaming U.S. Housing Slump

Foxtons NJ blamed the slowing U.S. housing market and laid off 350 of 380 employees.

Posted by alan @ 04:45 PM (819 views)
Please complete the required fields.



6 thoughts on “…it probably is a duck

  • Have it.

    Reply
    Please complete the required fields.



  • dohousescrashinthewoods says:

    Foxtons, probably the most hated estate agents in the world.

    Dry eyes all round among their customers.

    Reply
    Please complete the required fields.



  • planning4acrash says:

    This is so funny, Foxtons in London was sold but the American branches were not sold apparently because the owner wanted to focus on the US side of the business, I suspect he left it too late and couldn’t sell in time!!

    Reply
    Please complete the required fields.



  • No one can be surprised by this, but hopefully it will provide a clue to English estate agents just how useless they are. American real estate agents certainly aren’t the greatest people, but they’re worlds more professional and helpful than their English counterparts. The typical American house sale closes in 4 – 6 weeks from the point of an offer being made and there’s none of this business of gazumping or gazundering or offers not being passed on or endless chains or 6 – 9 month closings. American real estate agents don’t respond when you call their office asking about a certain listing by immediately asking you if you have a house to list yourself. Foxtons in the US was toast from the get go.

    Reply
    Please complete the required fields.



  • Sad for the 350 employees but glad that the global spread of the Foxtons brand has been contained for now

    Reply
    Please complete the required fields.



  • Excellent news! I have no pity whatsoever for the company or the pushy staff.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>