Some odds and ends here. (now isn’t that a compelling make-you-want-to-read-it opening?) I got a call today from my friend and fellow agent, JoAnn Calloway. She had been getting conflicting information regarding what is likely to happen with interest rates and the immediate possible changes to our marketplace. She was pretty sure I would know what was going to happen next. I don’t like to disappoint, so I want ahead and knew (no major changes to her market due to the sub-prime fallout). After I told her, she wanted to know how I knew. I told her I read BloodhoundBlog. That is how I knew. Yes, there are other posts on other blogs, but I find out about those posts and blogs by reading BloodhoundBlog. In this case, it was just a few posts, this one, this one and this one. Okay, it wasn’t just those posts – it was those posts, in combination with the comments to those posts. For example, when Greg showed the graph in this post and I saw Dan Green’s comments linking to this graph I was able to get a pretty good idea of what was going on as a result of what was being heralded by some as the end of the world as we know it. Long term (over the past five years) rates are slowly moving up. Short term, they are dropping a bit.
Prediction: the world will not end right away. I have seen the future and it is a lot like the past, only longer.
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Today, I finally ordered the external microphone for the digital video camera I have had for some time. This is for the coaching / mentoring I have been talking about making available here on BHB. So soon. Very soon, that will start for real.
If you have been waiting for that to get started, here is a little something that you might like. It is scheduled for 1 PM (Phoenix time) on Tuesday the 14th. The call will last less than an hour. For those reading this after the specific event I’m doing, but wanting to know about the next one, here is a permanent link.
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Here is a link to a video of Penn & Teller getting people to sign a water banning petition. For those of you still in favor of water you may want to organize a protest group. If you would like to be added to my joke list so you are always kept informed about this sort of thing, send me an email – asking to be added to the list. I send out about 30 – 35 emails a week. Best if you have broadband. Some of it is not suitable for public consumption. Almost all of it is funny.
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There. All the odds and the end.
John L. Wake says:
“I have seen the future and it is a lot like the past, only longer.”
I love that!
Okay, back on topic.
Here’s a quote from a MarketWatch article on lenders clamping down on credit, “Many now are focusing on loans to borrowers who are willing to document their income, can make a down payment of at least 5% and have a history of paying bills on time.”
My response, “Not exactly the end of the world as we know it. Sounds kinda like a normal market to me. As the market comes back to Earth, however, the re-entry is killing some of the high fliers.”
http://www.arizonarealestatenotebook.com/2007/08/04/lie-to-me-why-sub-prime-lenders-are-in-pain/
August 9, 2007 — 12:08 am
Brian Brady says:
“Many now are focusing on loans to borrowers who are willing to document their income, can make a down payment of at least 5% and have a history of paying bills on time.”
It’s a roll back to 2002; quite a good year
August 9, 2007 — 2:15 am