MovieChat Forums > Glengarry Glen Ross (1992) Discussion > Is it established that all the land they...

Is it established that all the land they sell is worthless?


I find it hard to accept that people would put up that kind of money to buy undeveloped property and not do their own research (i.e calling Assessor, Building Department, Planners, local real estate agents and appraisers). All this information about land speculation is available if one knows where to look or who to ask. Is it mentioned in the movie by any of the characters that any of the properties are worthless? They must be selling some potentially good properties or else there is now way the office could sustain itself on worthless land.

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All this information about land speculation is available if one knows where to look or who to ask.


Bingo. There you go. The average person would not know who to call or where to look. Now a days, google would make that an easy search. But back when this takes place, it's much more difficult and troublesome.

Wasn't Glenn Ross Farms good property?

Seize the moment, 'cause tomorrow you might be dead.

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The way Moss and Aaronow talked about Glen Ross Farms, it sounded like they were actually decent land parcels where everyone made out financially.

I just can't imagine getting sucked into a scam like this, even 25-30 years ago pre-internet, but clearly MANY people fell for it.

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Yes they say "now we are stuck with this shytte" referring to the land parcels

-- Mothershytter... Son of an ass!!

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Wasn't Glenn Ross Farms good property?


I'm not sure how good the property was supposed to be - I think they were considered premium leads because the potential customers were background checked and found to be probably both 1) rich and eager to "invest", and 2) not particularly sophisticated about real estate (e.g. they could be won over with glossy brochures that probably did not reflect the reality of the property).

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I offer a dissenting view.

The value of the land that they are selling is never established, and quite possibly the land they sell is a reasonable investment. But their tactics are sordid as anything.

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Bingo! You get it. I get it. But the IDIOTS on this thread just do not.

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🤣

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I find it hard to accept that people would put up that kind of money to buy undeveloped property and not do their own research (i.e calling Assessor, Building Department, Planners, local real estate agents and appraisers). All this information about land speculation is available if one knows where to look or who to ask.


The sellers seem to be primarily cold-callers (which basically means phoning a stranger up and trying to get them to commit to something right then and there) and one of their tactics is to pretend to only have a very short window of time to talk and do the deal. Levene on his calls repeatedly calls for "Grace" who's probably meant to be his PA or secretary and makes it sound like he's about to get on a plane (he repeatedly tells his leads that he'll only be in town for that night and tells "Grace" at one point to fetch his passport). Even Roma uses the same tactic with Lingk when he comes to the office to cancel his deal - the whole thing with Levene pretending to be another client is trying to get Lingk to think Roma's too busy to deal with whatever his problem is and duck out. It doesn't work, but that was the plan.

Basically, their whole style of business is trying to get the leads to agree on a deal before they even get a chance to do their own research. That's why Roma's so upset at the thought of having to go back to revisit his smaller deals after the burglary, because there's no guarantee that he will be able to close them again. They make a deal then and there and if the customer decides later that they want to go back on it, as what happened with Lingk, then they find some way to change the customer's mind or at the very least give them some bs reason why they can't go back on it.


Someday I'm gonna make a movie then laugh watching people over-analyse it

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Cold calling doesn't use leads. So no.

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Just based on the sales techniques involved, it's all about a half step above a deliberate fraud worthy of criminal prosecution.

On the other hand...there's some weird outside chance that maybe back in the day some legitimate real estate deals could have worked this way.

Company A buys some huge tract of land, hundreds of acres. They're not builders, they don't construct houses or apartments but they do some kind of work to subdivide the property, maybe build a couple of roads and then sell off parcels to others who do build houses or sell them to builders/individuals eventually. Mitch & Murray gets hired to sell the parcels off. In some cases, it could be condo units -- the actual condo building isn't built yet, but you pre-sell the units to fund the condo construction.

My cousin was in real estate development (home builder) and he would buy multiple lots or a whole parcel in a new development. My dad bought an undeveloped lot in a big development and built his own house.

Nowadays, with the financialization of real estate I think its gotten easier for these huge tracts to get bought by Pulte or other giant homebuilders who basically do it all and then turn it over to normal real estate agents to sell. But pre-92, it may have been more common for large developments to get built in a more speculative manner with different parcels and lots going to smaller entities.

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It's a tough racket!

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I think if the real estate they were selling was a genuinely good investment, they wouldn't be relying quite so much on the dishonest sales tactics. They rely entirely on tricks to sell it.

If someone is selling a quality product, they talk a little bit more about the product instead of lying constantly. LOL.

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