There’s always something to howl about.

Author: Greg Swann (page 30 of 209)

Suburban Phoenix Real Estate Broker

Overnight News: 2020’s October Surprise? Amy Coney Barrett ate it.

Ya think it's easy?

“My favorite color is #993300. I use it everywhere.”

Anyone hoping to land a cream pie on Donald Trump’s face might prepare for disappointment. For the past nine days, the Supreme Court vacancy has overwhelmed all other news, and that does not seem to be abating.

NBC News: California’s Bay Area may require telecommuting, even after the pandemic wanes. CTRL-F ‘riot’; not found. I do love the idea of cities working out better ways to chase people away – now that they are free to flee.

CNBC: Office real estate market will get back to pre-Covid level, in 2025: Cushman & Wakefield. CTRL-F ‘riot’; not found. Even so: I had my doubts about all of commercial real estate before the world fell apart.

Forbes: The Sherwin-Williams Color Of The Year: A Moody Hue For Moody Times. If you live in a production home, do not do this to your walls. This will take three coats of primer to get rid of.

City Journal: Trump’s Superb Choice.

Is it bad luck to wish for more news? I’m sure there will be some, in any case, some of it not about Amy Coney Barrett.

Digging into a very graphic love poem to get a handle on active, imagic, metaphorically-rich writing

“Could it be me? Could it be me, baby? Could you be in there, too?”

[This is me in August of 2007, and I am reposting rather than revising it because I am changed since then. I’m writing about storgic love here before I even knew its name, and rhapsodizing verbs before I had gotten around to cataloging them – a task I hope to return to, someday. And if you’ve been following my strange relationship with Thalia, there is a flagrant kiss-blowing incident right here. Even so, I have nothing to add to this argument. If anything, events are avenging me with heart-stopping acceleration – much, much more is the pity. And yet: There is hope: For if you can read this, then you yourself are the savior of the truly human life. –GSS]

 
It’s late and the kids are in bed — do make sure the kids are in bed — and I feel like digging a little deeper into the idea of writing. This is a love poem I wrote ten years ago:

let’s make love like velcro baby
it’s the best thing we can do
you stick to me like strapping tape
i’ll stick to you like glue

i’ll cast my anchor in your harbor baby
thrust my shovel in your earth
cling by claws to your cavern walls
take me test my worth
 
        love’s just a hint baby
        love’s just a scent
        just a sniggling squiggling clue
        could it be me
        could it be me baby
        could you be in there too
 
let’s make love like velcro baby
let’s do it ’til we die
grab me grasp me clutch me clasp me
hook me with your eyes

This is fun, first, simply because it’s such a goofy idea. The word play itself is fun, but, even before that, it’s fun because it’s such a clumsy, clinical premise for a love poem, the polar opposite of the sunsets and silences and solitudes of the sonnets: Let’s make love like velcro, baby.

The poem is built from very simple stuff. English words, not stuffy Latinate polysyllables. Active verbs, along with nouns and adjectives rich in imagic particularity. This is what Conrad was talking about, writing to Read more

Overnight News: California ghouls? What has Grasshopper government begot?

Ya think it's easy?

“Heaven is a place called ‘Supermarket Dog Park.’ It’s not in California.”

“California Dreamin’” of what, precisely? Sad to say, the Golden State is badly tarnished. The good news? The Ants will emigrate.

Forbes: Here’s Why The California Real Estate Market Is Hot. CTRL-F ‘riot’; not found.

Amy Alkon: L.A.’s Failed Homeless Policies Turned My Home Into a Prison.

New York Post: This city just banned candy from supermarket checkout aisles. 1. No bigger problems just now? 2. Shut down the concession stand at the cinemas, too, if they’re open; that’s where their profits are, too. 3. Soon California will be Grasshoppers-only.

The Drive: There’s a Jeep Wrangler Dangling Off a Cliff in California After Some Fool Drove Up a Bike Trail.

The Federalist: Why We Can’t Have A Good Society Without Freedom.

We gave the Pooh bears some hell last night, but here is the principled anti-Pooh bear poke.

Unchained Melodies: Music to poke Pooh bears by…

As you may have noticed, I am a student of artistic categories no one else knows anything about. In celebration of The Incumbent’s jump into the big game, where it has no one but itself to blame for its consistently abysmal “investment” results, here is a very sparse but very fun musical category:

Pop acts telling their record companies to go to hell.

First is Graham Parker, whose career was essentially ruined by “Mercury Poisoning.” Out of all the New Wave rockers, he’s the rockingest, and he should have been a stadium act in those first few years.

Next up is Cracker, and this is definitely not safe for anywhere:

Listen carefully. Shaggy-dog stories typically don’t hold up well in songs, but this one really works.

But this is a category of only two exemplars, as far as I’m aware. If you know of others, speak up.

Overnight News: It’s quiet… Too quiet…

Ya think it's easy?

“I never could understand the idea of the ‘unreliable narrator’ until a very smart kid explained me to me: ‘Odysseus can’t talk. That’s how you know he’s a dog.’”

Despite the headline, it’s not so much quiet as boring. That’s the way weekends are supposed to be.

Housing Wire: OJO Labs rolls out agent referral network. I don’t normally link to crap like this, because it’s just PR, but two things popped out at me in this one:

  1. “There is no fee to get started, but OJO Labs earns a commission for successful conversions.” Commissiondectomy is the new way to pay!
  2. “In June, OJO Labs announced a $62.5 million funding round and the acquisition of Movoto, a residential real estate search site. Last October, OJO Labs also acquired real estate software platform RealSavvy, and WolfNet Technologies in October 2018.” If you don’t host your own content, you’re at the mercy of whomever your “trusted” vendor pimps itself to.

1000watt.net: Friday Flash: Zzzz.

Note this: “Why would Zillow carry that burden [traditional listing of iBuyer turn-downs] when they’re getting 35% referral fees on the seller leads they’re feeding to existing Premier Agents already?”

My read is that iBuyer “news” is always veiled screams of financial agony. Zillow’s press release the other day read to me like The Incumbent is trying to recapture turn-downs and fall-outs from its broker-partners. That much would be penny-pinching. But all internet “leads” are crap, especially Zillow’s. People either convert instantly or they are gone. How many other inquiries has the prospect made? And were they made at 2 am, after a quarrel? Who wants to pay 35% for that kind of quality?

HotAir.com: Kentucky Lawmaker Arrested On Rioting Charge, Accused Of Setting Fire To Public Library.

City Journal: A “Culture of Lawlessness” in D.A. Offices.

Not the Bee: Super-efficient USPS delivers a letter in Michigan 100 years after it was mailed.

And: Funny, even so:

Just-enough-cinema at home: The just-enough-real-estate movie.

Just-enough-intimacy for two people who are really bad at it.

There is a trend in American cinema over the past dozen years, a product of divorce-culture, that we call the just-enough-dad movie.

Like this: Single-mom of overmothered beta nerd barely tolerates her teenage son learning masculine frame from her disreputable, curmudgeonly neighbor. The yarn is always a benedy: In Act III, the kid takes leadership of his own life, gets the girl and walks like a man from then on.

The best example I can think of is “Gran Torino” – which is also a just-enough-Jesus movie – but there are a bunch of them out there. Find an aging male lead who photographs well without a shave and you’ve got a third the cast – and all of the funding.

So today I bring you a couple of one-off variations.

First, free with commercials on IMDB, “Did You Hear About the Morgans?”

Note well: This is not a send up. This film is a collection of poor choices glued together with treacle. But it is fun, despite all that, and it measures up as a just-enough-real-estate movie.

What’s wrong? The title is awful – useless as marketing. Sarah Jessica Parker is much too old for the role she plays. And Hugh Grant – who surely comes with his own writers to make his gags consistent and his performances too long – for some reason fails to deliver the patented Hugh Grant huge rant at the end of Act II.

Sam Elliott and Mary Steenburgen are fun, as is everyone in the film who does not live in New York. In that sense, it’s a just-enough-Wyoming movie, too, but there is no reason to believe that Hugh Grant either mastered or could manage any sort of masculine frame, going forward.

As for the real estate, it comes down to two scenes. In the first, Parker’s character blows a showing so badly that I wanted to send her license back to the state on the spot. But in the second, she deftly guides an underfunded seller into boosting his curb appeal, leading to a sale. Score Team Read more

Overnight News: Hey! Be nice! Don’t poke the Pooh bears! They’ve got big money to lose – and you can help them squander it!

Ya think it's easy?

“We have alpacas in our neighborhood, but I’d just as soon break into the fridge.”

For all of me, I prefer to think of iBuyers as whales, the very rich dumbasses who unknowingly fund the entire gambling ecosystem. But bears works, too – poorly-adapted, slow-witted, no match for three or four smart dogs working together. When they get lost and wander down into the desert, they leave nothing but sun-bleached skeletons behind.

So, yeah: Poke! Do your worst, Pooh bears. Your wins are imaginary. Your losses are legion – so far.

Yesterday on BloodhoundBlog:

Eric Blackwell: Zillow: Whatever you do. Don’t poke the bear. Lol. Poke!

Brian Brady: Mortgage Refinancing and Forbearance: Three Balls, You Walk, One Strike, You’re Out.

As for the rest of the world…

Redfin: Home Prices Just. Keep. Climbing. National Median Now Up 14% from Last Year. CTRL-F ‘riot’; not found.

CNBC: New home sales crush expectations, but the supply is running out. CTRL-F ‘riot’; not found.

Redfin: New-Construction Home Listings Drop 4% in August, Reversing Course From July’s Rebound. CTRL-F ‘riot’; not found.

SFGate.com: Bay Area applicants flood program that pays them $10,000 to leave California.

Fox News: Gun sales in major swing states up nearly 80% this year: Will it have any bearing on election outcome?

The Daily Signal: Public Schools Across Country Promote Black Lives Matter, Organize Protests.

TaxProf Blog: Welcome To The Turbulent Twenties.

Anchorage Daily News: Brown bear breaks into Alaska Zoo, kills alpaca named Caesar.

Overnight News: Why would the world’s dumbest real estate investor hire himself as his own broker? Because the emperor is definitely not naked!

“The money-making secret to real estate brokerage? Socialize the risks to the seller – not the broker.”

Yesterday’s big news? “The Incumbent” doubles down on dipshit. Dipshit-aficionados rejoice.

Housing Wire: Home prices post record two-month gain, FHFA says. CTRL-F ‘riot’; not found.

Redfin: Sacramento, Austin and Phoenix Are the Most Popular Destinations For People Searching For Homes Outside Their Metro Area. CTRL-F ‘riot’; not found.

Housing Wire: Renovation loans get pandemic boost as homeowners want home offices. CTRL-F ‘riot’; not found.

CNBC: Coronavirus pandemic fuels affordability crisis for homebuyers. CTRL-F ‘riot’; not found.

Housing Wire: Dave Stevens: 5 reasons why mortgage rates are going to rise in 2021.

Seeking Alpha: Zillow Offers Will Expand Services in 2021.

Housing Wire: Zillow iBuying program brings real estate transactions in-house by licensing Zillow Homes employees.

Joanne Jacobs: Not indoctrinated, just ignorant.

City Journal: Merit on the Ropes.

Angelo Codevilla: Revolution 2020. Incidentally: CTRL-F ‘riot’; 6 found.

And our own Brian Brady! San Diego Union Tribune: I’m a Republican. Ruth Bader Ginsburg’s death is both a loss and a legal opportunity.

The news is not that Zillow is going to have agents. It’s going to have newbies for agents.

Housing Wire:

A Zillow spokesperson told HousingWire that these people are already employed with Zillow, and will be getting real estate licenses. Zillow said it will not be recruiting for these positions.

“The normal career path is real estate agent to barista, but Zillow’s changing all that!”

It’s a boiler-room job – in the same article, George Laughton says Zillow still won’t be getting its hands dirty. But boiler-room selling and legally-compliant real estate brokerage are two different things.

Whatever. This morning I wrote this to my favorite pricing algorithm, soon to be disintermediated by exuberant, clueless college grads:

Of course this was the plan all along. The funny part? They think they’ve lived through a downturn with Coronavirus. Now they get to play catch-a-falling-knife with their own inventory.

The press release reads like they think the local brokers, like Laughton, are hoarding all the good leads from the failures and fallouts. I hope that’s the reason, just because it’s extra stupid.

Note that the 18 or so local brokers who were not screwed today now know what they have coming.

All of the iBuyers working in Phoenix suck at resale marketing. They make bone-headed marketing errors, common to many poor listers, but they make them by the hundreds. Pulling even more of that work in-house, when Zillow is so bad at it, seems daft – even absent the opportunity to make thousands upon thousands of regulatory infractions.

Prove me wrong, Zillow? You look like nothing but dead money to me.

Overnight News: So what’s up with the listings that DIDN’T close?

“From a dog’s point of view, putting trees in houses is just begging for misunderstandings.”

When you report the great news about closed listings, what are you leaving out? News about the listings that didn’t close. There is huge demand for suburban, exurban and rural housing because demand has cratered for urban housing. Why? Mass exodus from vertical to horizontal. Why? Urban rioting.

See that? All the way from A to C with zero fatalities. Logic is only hard if you need it to be.

Housing Wire: Sales of existing homes surge to a 14-year high. CTRL-F ‘riot’; not found.

CNBC: Existing home sales jump to 14-year high, as prices set another record. CTRL-F ‘riot’; not found.

Housing Wire: Wow — 6 million existing home sales! However, context is key with 2020 housing market data. CTRL-F ‘riot’; not found.

CNBC: Mortgage demand from homebuyers now up 25% from a year ago. CTRL-F ‘riot’; not found.

Daily Caller: ‘Financially Devastated’: 87% Of NYC Bars, Restaurants Couldn’t Make August Rent.

Joel Kotkin: Blue today, bluer tomorrow.

FEE.org: New Report Shows How Congress Has Screwed Over Young People.

Evie Magazine: Critical Race Theory Is The Root Of Our Current Unrest, And They’re Teaching It In Schools.

Forbes: Interventions Meant To Slow The Spread Of Covid-19 Have All But Stopped The Spread Of Flu.

City Journal: The Moral Case for Reopening Schools—Without Masks.

The Independent: Notre Dame cathedral update: Carpenters wow public with medieval techniques.

Departures: NYC’s Newest Proposed Building Would Be the City’s Tallest—And Will Act as a Carbon Emissions Filter.

A fun fact about #iBuyers? Every buy-box is redlining.

“Totally not redlining!”

The image is a map of Zillow’s sold iBuyer homes in the densest parts of Metropolitan Phoenix.

See that Madonana-like shape running West from the I-17 Freeway. Looks like a pregnant single-mom, doesn’t it? The poster-child of fair-housing law, right there on the map.

Looks like redlining, doesn’t it?

I’ve been watching Zillow’s iBuying results for years now. It always looks like redlining. I warned them about it when I was working as a pricing algorithm.

Is it really redlining? It’s the further fruits of a buy-box that wisely avoids old, small and irregular housing. For all of me, Zillow’s buy-box is much too loose, but the net consequence is that much of the housing Zillow excludes is in contiguous neighborhoods emerging West from the I-17.

Is it really redlining? The neighborhoods Zillow and the other iBuyers exclude in Metropolitan Phoenix are far browner, blacker and redder than the neighborhoods they include. That’s redlining de facto, by disproportionate impact.

Is it possible for investors to work from a buy-box that does not redline in disproportionate impact terms? I don’t see how. The buy-box my investors work from is much more stringent, to the point that we only work in a few subdivisions, by now.

Is it possible for licensed real estate brokers to work as investors without committing hundreds of de facto materially-damaging fair-housing violations by means of redlining? I don’t see how.

That’s why investors should not be licensed, for one thing, but I think it illuminates how poorly thought-out are all the “black lives matterers” among the iBuyers.

Have fun when the lawsuits start – particularly since you’ve all already declared what racists you are.

Overnight News: CTRL-F ‘riot’; not found.

“How can you tell the country is not being torn apart by rioting? Because Joe Biden is just fine!”

Sorry if I seem to be beating a dead horse, but the refusal of the “real estate industry” to admit the existence of the riots while writing all about their secondary consequences is my kind of fun. Hypocrisy abounds, alas, but hypocrisy on high is especially comical. The scum who presume to “lead” us have their homes and headquarters in the riot zones – could they be gaslighting the world until they can sell out? – yet somehow they purport to be amazed that urban counties are bleeding, suburban counties are bulging and moving vans are unobtainable. Jeepers! How’d that happen?

What’s the trick to assimilating the news – all news, not just real estate news? Read everything that seems worthwhile – and assume that everything you read is lying to you in ways you may not suspect. Certainly every story written about real estate results right now is lying, since none of them will admit to the impact – or even the existence – of the rioting.

United States Department of Justice: Department Of Justice Identifies New York City, Portland And Seattle As Jurisdictions Permitting Violence And Destruction Of Property. Riots!?! Who knew?!

Redfin: Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers’ Priorities. CTRL-F ‘riot’; not found.

Forbes: What’s Causing Home Prices To Skyrocket – Low Rates Or Wanting More Space? CTRL-F ‘riot’; not found.

Housing Wire: Homeowners gain over $620 billion in equity in second quarter. CTRL-F ‘riot’; not found.

CNBC: Home equity surges as demand soars and mortgage rates hover near lows. CTRL-F ‘riot’; not found.

CNBC: Millions can’t pay rent. Landlords making less than $50,000 a year are caught in the middle.

MarketWatch: The COVID-19 lockdown is squeezing real estate from all sides and threatens to burst the housing and mortgage bubble.

The Federalist: Aftershocks Of Summer Riots Are Making Kenosha Scared To Rebuild.

The Ohio Star: NYU Prof Says More Than 20 Percent of Universities Could Fail Because of the Lockdowns.

City Journal: The Nemeses of Cities.

Yahoo News: Read more

Three facts about big-shot “real estate industry” executives and racism in America.

What’s funniest about the “real estate industry’s” riot-denial? Where are the riots happening?

Witness:

  1. Big-shot real estate industry executives deeply abhor the “systemic” racism in the real estate industry – even though they have not identified or paid fines for any specific, independently-verifiable racist crimes.
  2. America’s big cities have been beset by riots all Summer, resulting in the destruction of many homes and businesses and leading to a mass exodus from these communities to safer, more-suburban locales. We may be seeing the de facto abandonment of vast swaths of America’s housing stock. Homeowners who cannot flee will be hurt worst as prices plummet, with many of these stranded homeowners being black Americans – only just recovered from their last round of real estate haircuts.

  3. About this catastrophic exsanguination of the black middle class, the big-shot real estate industry executives say: Boo. Not quite so, alas: Instead, they have actively pretended none of this is happening.

Imputed, ephemeral, non-demonstrable racism? Right on it!

The actual destruction of the best of the best of black America? Crickets.

That’s how much black lives matter to them.

Overnight News: The new normal? 911 is a joke.

“They craved paradise, propped up another Pol Pot.”

What’s the really important news? Stock up on non-perishables, especially items with complex supply chains. And figure out how you’re going to eat, if the food deliveries are interrupted. Welcome to the Third World, y’all…

Forbes: More Homeowners Are House Rich As Equity Rises In 2nd Quarter. CTRL-F ‘riot’; not found.

Forbes: The Great Rent Strike Of 2020: Shaping The Future Of Commercial Lease Agreements.

Minneapolis Star Tribune: New look at police stats shows the spread of violent crime across Minneapolis this summer.

New York Post: Andrew Cuomo and Bill de Blasio sure seem bent on pushing you to flee New York.

HotAir.com: Portland Emergency 911 Call Goes Unanswered For More Than An Hour And A Half.

The College Fix: As colleges go bankrupt due to COVID, higher education will actually get better: op-ed.

PowerLine: Princeton Squirms.

American Greatness: Americans Know What Time It Is.

My experiences with actual – not imagined – racism in real estate.

“I’ve had better haircuts, but never cheaper or faster…”

That’s me to the right, a certified selfie with today’s hair and today’s shave. I am my own barber, in the age of the Coronavirus, and I am delighted to say that I’m improving faster than I expected. A year from now I could be as good as awful or even barely-adequate.

But: I have been a Realtor for nearly twenty years, a broker/owner for fifteen. I have sold a few hundred homes and overseen or advised on the sale of hundreds of others. I have met with or spoken to thousands of customers, making hundreds of them my clients or tenants to the rental homes we manage. I am my only agent for now – I sub out anything that does not require a license – but, with my wife Cathleen on board or without her, we have always been scrupulous about fairness – not just fair-housing but fair-dealing as such. I hate predators. I never want to be one.

So what is my experience of actual, specific, objectively-real racism in real estate?

I once had an out-of-town investor in my car who said things I considered red flags, so I drove him back to his hotel. This is the same thing I do with irrationally optimistic investors – except I’ve met dozens of them.

Want more? When I first started, working as an apartment locator, I had a very racist elderly black woman as a client, but I just laughed at the things she said – and in the end she found a new place without me.

I have one more: We used to use a centrally-located Fidelity office for most of our title work. In those days, that was the “Spanish” office, the one where all deals that were to close in Spanish were sent. Over the years, I saw several contracts fall apart on Friday afternoons, with the whole family coming down to sign, only to find out that no one, until then, had told them what their monthly payment would be and how much cash they needed to close. Not Read more