There’s always something to howl about.

Author: Greg Swann (page 67 of 209)

Suburban Phoenix Real Estate Broker

What’s wrong with California? Nothing anyone left in the state has the fortitude to fix. What’s the Golden State’s future? Ask Detroit.

From a lengthy diagnosis of everything that is wrong with California from The Claremont Institute:

Three of California’s last four governors, and six of its last nine, have been Republicans. The politicians who secured those victories immediately found it necessary to cooperate with a dominant opposition party; California is, in every other respect, a state that has been becoming more Democratic for as long as its oldest residents have been eligible to vote. California has not given its electoral votes to a Republican presidential candidate since 1988, or been represented in the U.S. Senate by a Republican since 1992. Of the 53 Californians in the U.S. House of Representatives, 34 are Democrats. In the past half-century, each of the two chambers of the state legislature has seen a Republican majority—once. The GOP’s state senate majority endured for two years, the one in the lower house for less than a single year.

The evidence is incontestable: the liberal strategy of waiting for the public’s anger to subside is far sounder than the conservative strategy of hoping it will gather strength. The liberal calculation rests on a shrewd assessment, not only of human psychology but also of modern mobility. California is not yet East Germany, which means that one of the ways Californians who are mad as hell can decide not to take it any more is by moving away. The Census Bureau shows that California, the state that used to be a magnet, has experienced negative "net domestic migration" since 1990. Between 1990 and 2007 some 3.4 million more Americans moved from California to one of the other 49 states than moved to California from another state.

States don’t conduct exit interviews, so there’s no way to tell how many ex-Californians left paradise because the taxes were too high, the public services too shoddy, and the unions too overbearing. Whatever the tally, one problem for conservatism in California is that the conservative critique of the state’s governance argues as strongly for flight as it does for fight. It is possible to advocate a national policy agenda by invoking patriotism, but "state-riotism" is a far weaker Read more

Interest rates have been trending upward, but what happens when Uncle Sugar quadruples the sugar supply at Fannie and Freddie?

From the Wall Street Journal:

The Obama administration’s decision to cover an unlimited amount of losses at the mortgage-finance giants Fannie Mae and Freddie Mac over the next three years stirred controversy over the holiday.

The Treasury announced Thursday it was removing the caps that limited the amount of available capital to the companies to $200 billion each.

Unlimited access to bailout funds through 2012 was “necessary for preserving the continued strength and stability of the mortgage market,” the Treasury said. Fannie and Freddie purchase or guarantee most U.S. home mortgages and have run up huge losses stemming from the worst wave of defaults since the 1930s.

“The timing of this executive order giving Fannie and Freddie a blank check is no coincidence,” said Rep. Spencer Bachus of Alabama, the ranking Republican on the House Financial Services Committee. He said the Christmas Eve announcement was designed “to prevent the general public from taking note.”

Treasury officials couldn’t be reached for comment Friday.

So far, Treasury has provided $60 billion of capital to Fannie and $51 billion to Freddie. Mahesh Swaminathan, a senior mortgage analyst at Credit Suisse in New York, said he didn’t believe Fannie and Freddie would need more than $200 billion apiece from the Treasury. But he and other analysts have said the market would find a larger commitment from the Treasury reassuring.

What’s your take? Are we looking at another two years of 30-year fixed mortgages under 5%?

Howling for the hard-working dogs: “We interrupt this Christmas Season for the following brief commercial transactions.”

Rich full day today, lots of variety. Working Christmas Eve with me were home inspector Mike Elsberry (two houses), wood inspector Joe Letourneau (two houses) and our handyman, Mark Deermer (one house). We had a plumber working at one of our listings, as well. I could tell by the (lack of) traffic on the streets that a lot of people took the day off, but I am delighted that so many of the people that I work with were working today.

I’m going to work quite a bit tomorrow, Christmas Day. Mail, of course. But I’m also going to service a listing and take a look at half-a-dozen vacant REOs. Nothing terribly time-consuming, more like errands than anything else. But it’s work I want and need to get done, and I don’t want to put it off.

I think this is all part of the revolution incited by these devices — alike unto the idea that privacy is an artifact of inefficiency. I don’t take time off as a binary state event, and it kind of drives me crazy when other people do.

I think it’s insane that too much of the commercial world comes to a complete standstill on special days. But at least we are not insane enough to be consistent. No one preaching the virtue of sacred pretend-poverty wants for the power plant or the hospital emergency room to shut down from now until the Feast of the Epiphany.

Even so, it is simultaneously plausible to me that I might have something to prove: I’m going to celebrate my Christmas, and I am not going to interrupt anyone else’s. But I can do valuable work for my clients tomorrow, and it is important to me to get it done. And, at a minimum, my clients will be ahead of the game and my workload Saturday will be lighter. Everybody wins.

But here’s the thing: I think you’re going to work tomorrow, too, even it’s only to deal with your client email. And I think this is something to be celebrated, not condemned. We work in the pursuit of happiness, as Jefferson had it Read more

My car is not a real estate office. In 2010, my car is going to become a wi-fi-enabled mobile real property exchange and conference room.

This is the car we bought for me in July. It’s a used Kia Rondo, a semi-unassuming wannabe minivan that I have denominated with this demanding appellation: Prometheus.

My favorite god, as you might have guessed, from all of human history. Prometheus, you will recall, stole the fire of the gods from Zeus and gave it to the people. An alternate reading of the Greek cites Prometheus as having borne the gift of mind to humanity, a rendering of the tale I like even better. If you are a life-sucking real estate broker or any other functionary of the life-sucking National Association of Realtors, the memes that move me will tell you a lot about my long-term plans for you.

But: Sometimes a minivan is just a minivan. I chose the Rondo because a client of mine rented one when he was in town, and I realized it was the perfect real estate car. I had looked at more expensive so-called “crossover” vehicles, but we have practiced and perfected the art of being cheap bastards. At ten grand out the door, the Rondo seemed like the optimax choice.

And this has it proved to be. I’m in it a lot, and it is a very comfortable roaming office for me. I don’t know how other Realtors deal with all the lengthy phone calls that go into selling real estate, but I take down a whole bunch of them from my car. I can make anywhere from one to five calls between stops, and if I were not doing those calls from behind the wheel, I wouldn’t be doing them at all.

But wait. There’s more. I bought the Rondo because I knew I would be doing more and more real office work from the car. The vehicle has three cigar lighters, and I have 300 watt 110 volt power inverters plugged into two of them. That is to say, two three-prong outlets in the front seat and two more in the back. I could be working on my laptop, an assistant on another and a client on a third, all of us plugged in to Read more

Looking for the beacon of progress for American cities? Forget Portland. Forget Houston. The road we’re on leads to Detroit.

From PJTV.com, a bone-chilling exposition of how the entitlement mentality killed one of the great American cities:

There but for the grace of god? Not quite. Detroit is just the leading edge of a wave of entitlement thinking that is engulfing what was once the beacon of human liberty for the whole world.

We scorn philosophy at our peril. For more than a century and a half, Americans have been asking profoundly important philosophical questions — and giving the wrong answers.

“What do the rights of the individual matter when people are starving?”

“How can you worry about private property rights when people are homeless?”

“Health care is a collective responsibility. Why should you be free to escape it even if you can pay your own way?”

“How dare you claim a right to personal autonomy when your personal autonomy is destroying the planet!?!”

Don’t bother to ask yourself what America will look like when the concept of individual rights has finally been eradicated from our philosophy. We already know the answer to that question. It will look like Detroit.

Unchained melodies: Real Estate’s 50 Most Inconsequential Online

Apparently I have been voted onto the Inman “News” list of Real Estate’s 50 Most Inconsequential Online. I have no direct evidence of this, just a bunch of tweeted twaddle that Tom Johnson turned me onto last night. Needless to say, I don’t plan to spend $80 to feed my already quite corpulent vanity.

This is my third or fourth year on the receiving end of this evolving “honor,” and, with some exceptions, Inman’s list is comprised of a company I am less and less comfortable keeping. BloodhoundBlog has always been about the consumer for me, and about practitioners who know how to put the consumer first. Alas, the RE.net by now just looks like more of the same — more sleazoids looking for ways to sucker broke-ass agents into paying three bucks a pop for rotten eggs. Deadwood was a fun TV show, but I don’t want my name soiled by the real estate equivalents of Al Swearengen.

I do want to take a moment to apologize to Brad Inman, though. I have offered up what I thought was sound business advice to the man — coated, to be sure, in what might seem to be a bitter pill. But I had assumed that Inman was a grown-up, and, as a demi-billionaire, presumably capable of dealing with a certain amount of acerbic wit. It turns out though — as certain lyrical twitterbirds have pointed out to me — that Brad Inman is in fact an infantile encephalic retarded paraplegic with a harelip — and thus my jibes aimed at him were not sporting. This, at least, is the only conclusion one can draw from the plaintive tweeted bleatings about my criticisms of Big Bad Brad that have emerged from other names on Inman’s list of Real Estate’s 50 Most Inconsequential Online.

Which is, just by itself, a good reason to say to hell with the whole magilla.

Meanwhile I can think of only one tune so perfectly suited to the occasion, Big in Japan by Tom Waits:

If you want to do right by your clients, you have no need to lean on me as Read more

Next year we’re going to splurge — maybe — starting with the twenty-first thousand dollars for the month

Here’s my favorite Christmas card this year:

I helped Stephen and Suzanne Kranick buy that house in the weeks before Thanksgiving. I think it’s cool that they love it so much that they made it the star of their holiday card.

I put two houses into escrow today. I’ve done that before, but Cathleen and I are both packing transactions into January at a nice pace. I’m still holding out hopes for one more all-cash deal in December, but the calendar is turning on me day-by-day.

But here’s the thing: The pace we’re on right now puts us at $20,000 gross commission income a month for 2010. I’m sure that sounds like a lot of money to anyone who is not in the real estate business, but it ain’t. But our marketing costs are where they’ve always been — very low — so we’re right on the cusp of proving the claim I’ve been making here for coming on four years: It is possible to do this job without spending fifty cents on the dollar for client acquisition and without feeding a vast cadre of useless eaters.

It’s plausible to me that we could be at $40,000 a month by the third quarter, and from there it’s not a huge jump to seven figures, GCI, per annum.

But: Meanwhile: We are cheap bastards. We never hesitate to spend whatever it takes on mission critical tools, and that will always be the case. But we have been very tight on every discretionary expenditure for a long, long time. And as much as business has sucked over the past four years, it is being tight that has gotten us through the worst of it. A lot of Realtors didn’t make it, as we all know.

So: Cathy just had her birthday, and from me she got a 2 gigabyte memory upgrade for her iMac. So romantic…

But, even so, we can foresee that we are going to have a little money for luxuries in the coming year, and the question plaguing me has been how to manage that kind of spending without going crazy on the upside, as it were.

Here’s Read more

Looking for reasons to be cheerful this Christmas? Thanks to the free market, everything is better than it was when you were a kid

From Reason.TV:

It’s worth thinking about as statists strive to destroy innovation in medicine (via Obamacare) and industry and transportation (via environmentalism). If it gratifies you to weep about how bad things are, compare the America of your youth to the police states of Communist Europe in that same epoch. Whatever complaints you might have with liberty, things could be — and will be — a lot worse when you have unleashed the leviathan state on every aspect of your life.

The twelve days of iPhone apps: Turning your phone into a real estate agent’s pocket powerhouse

All right: So: Let’s start in the middle.

First, we have four cell phones among the two of us. We have the two spares in case we need to put a phone in the pocket of a subcontractor. We keep a close eye on the folks who work with us, but we don’t ever want for our people to be without a lifeline.

Even so, the phones we actually use are the iPhones. It seems plausible to me that I may add a Droid and a Pre in 2010, both of them to keep any eye on what else can be done. But the iPhone app universe is exploding like the universe of time, space, mass and energy, and it seems reasonable to me that that the iPhone will be driving cell phone/pocket computer/etc. innovation for the foreseeable future.

Just in recent days, the appworld has added live video streaming and real-time credit card processing, and my thinking is that there are a lot of as yet undisclosed tricks in the iPhone developers’ APIs. In other words, I suspect that Apple has been holding back on the iPhone’s feature set to kill competitive features as they’re aborning, nipping every supposed incipient iPhone-killer in the bud.

I realized last night that I want for my laptop (a MacBook Pro) and my desktop computer (an iMac) to be the same one computer. Does that make sense? I want for those two computers to be cloned and continuously-syncing instances of the same one database of files. And I want for my iPhone to be a moon of that doubled planetary system.

This is singularity thinking: One way that human beings could leap to the next level of our evolution is by moving into computing hardware. The philosophy of all this is brain-breaking: Hardware geeks insist that the human mind must be a finite-state machine, while everyone with an introspective consciousness acts reflexively upon a seemingly undoubted belief in free will.

That’s a problem we’ll have to deal with on the way to the singularity. Meanwhile, a software instance of “you” could be cloned to live on as many hardware devices Read more

Ustream brings us live video streaming from your iPhone — and the world of video podcasting just got a lot more interesting…

Don’t let anyone tell you that I never say anything good about ActiveRain. I saw a passing note yesterday about Ustream.com’s new iPhone app, but I ignored it in the crush of business. But this morning there was a post about the Ustream client in ActiveRain’s daily spamletter, and that led me to download the app.

What does it do?

Live video streaming from any iPhone 3G or 3GS. No kidding. Ustream quality, of course, compounded by the cheesy little lens on the iPhone, all compounded by WiFi or 3G transmission speeds. But still…

Live video streaming from your phone…

Practical applications?

Well, for one thing, Rodney King now has nothing to fear. Abusive cops are a thing of the past, and I would love to see a Ustream/YouTube channel devoted to abusive government functionaries everywhere. Especially in Iran, by the way, and I can’t think of a better antidote to bad behavior everywhere than instantaneous, live, streaming video for all the world to see.

But what about real estate applications?

Don’t throw away that video camera. It’s still Ustream, after all. But when you’re doing a home inspection for an out-of-state buyer, a live video conference with the inspector may be just the ticket. With a second phone, the client and the inspector can talk as you are shooting live video of the repair issues. Is that more sizzle than steak? I say it’s good salesmanship.

Are there other uses you can think of in your day-to-day real estate work? I’m never a big booster of new-for-the-sake-of-being-new. Mission-critical is all that ever matters to me in judging a new tool or idea. But I’m thinking that live or easily-recorded lo-rez video might serve a host of mission-critical functions.

Two (bad) videos as examples, as I learn to play with this new tool:

First, a bad demo recorded to the phone, then uploaded to Ustream.

Second, a live stream saved directly from Ustream.

In both cases, the iPhone shut off on me. To make this software work, you will have to change your auto shut-off setting in the main iPhone preference app. Then you have to remember to switch it back — or Read more