BloodhoundBlog

There’s always something to howl about.

Archives (page 232 of 372)

Thinking

It started out innocently enough. I began to think at parties now and then — just to loosen up. Fake Greg

Inevitably, though, one thought led to another, and soon I was more than just a social thinker.I began to think alone — “to relax,” I told myself — but I knew it wasn’t true. Thinking became more and more important to me, and finally I was thinking all the time.

That was when things began to sour at home. One evening I turned off the TV and asked my wife about the meaning of life. She spent that night at her mother’s.I began to think on the job. I knew that thinking and employment don’t mix, but I couldn’t help myself.

I began to avoid friends at lunchtime so I could read Thoreau, Muir, Confucius and Kafka. I would return to the office dizzied and confused, asking, “What is it exactly we are doing here?”One day the boss called me in. He said, “Listen, I like you, and it hurts me to say this, but your thinking has become a real problem. If you don’t stop thinking on the job, you’ll have to find another job.”

This gave me a lot to think about. I came home early after my conversation with the boss. “Honey,” I confessed, “I’ve been thinking…””I know you’ve been thinking,” she said, “and I want a divorce!”

“But Honey, surely it’s not that serious.” “It is serious,” she said, lower lip aquiver.”You think as much as college professors and college professors don’t make any money, so if you keep on thinking, we won’t have any money!”

“That’s a faulty syllogism,” I said impatiently.She exploded in tears of rage and frustration, but I was in no mood to deal with the emotional drama.

“I’m going to the library,” I snarled as I stomped out the door.I headed for the library, in the mood for some Nietzsche. I roared into the parking lot with NPR on the radio and ran up to the big glass doors.

They didn’t open. The library was closed.To this day, I believe that a Higher Power was looking out for me that Read more

The Odysseus Medal: “Until we start fixing what is really wrong we’ll continue to struggle in quicksand”

The story of the year is the lending crisis, so it’s no accident that this week’s Odysseus Medal should go to Morgan Brown for Struggling in Quicksand – Why the Government Continues to Exacerbate the Problem:

So here’s the rub – all of these “do gooders” are making the situation exponentially worse. Their rash actions are actually making it HARDER to get financing. Witness the spreads in jumbo vs. conforming loan amounts. Witness the restriction of loan programs. Witness the increase in underwriting stipulations. Witness the interbank rates compared to the Fed. The fact is that all of these bail out programs (which they all are in one form or another) have added MORE uncertainty to the system. They have not improved the psyche of the people with the money. And those are the people that count right now. If the people who hold the cash don’t want to lend it because their return is unclear we’ll never see the calming of the mortgage market.

The idea is not to make Fannie and Freddie buy everything in sight; the idea is to make the mortgage market a transparent and friendly investing environment so that cash returns to the secondary markets (and debt markets in general). Will that take time to work out? Absolutely. Are any of these rash knee-jerk reactions improving the situation? Not at all. We shouldn’t be worrying about how to bail out responsible people. We should be looking at how to fix the credit and debt markets to provide transparency for investors. Transparency builds credibility. Credibility builds confidence. Confidence drives investment. Investment drives down costs of borrowing, increases program expansion and makes markets healthy.

Until we start fixing what is really wrong we’ll continue to struggle in quicksand.

Krista Baker takes this week’s Black Pearl Award with How To Create Your 2008 Business and Marketing Plan:

Identify the gaps. Now that you’ve documented where you are and where you want to be, where are the gaps? For instance, if you made $50,000 in 2007 and want to make $100,000 in 2008, what does that mean? First, $50,000/12 = approx $4200. If you want Read more

Two changes to the About page to clarify BloodhoundBlog’s praxis

I made two changes to our About page, both of them to clear up potential ambiguities.

The first grew out of a comment from Cheryl Johnson concerning the content of BloodhoundBlog and the possible consequences of Realtors or lenders emulating our outspokenness on their own weblogs:

Verbum sapienti: A word to the wise, that is. We are a real estate industry weblog, and much of our content concerns real estate marketing tools, technologies and techniques that real estate professionals might use in their own businesses. But: We are not appealing for business here. We are not selling real estate or loans or investments, and we are not walking on our tip-toes to avoid offending potential clients. If you are building or hope to build a lead-attracting real estate weblog, BloodhoundBlog is not a model for you to follow. Many of our contributors have client-focused weblogs, and those can be good models to work from. In addition, we wrote a book called Real Estate Weblogging 101 that explains how to build a successful real estate weblog. But BloodhoundBlog is written to be controversial, and we do not — and should not — care whose toes we might step on.

The second is an amendment to our comments policy to clarify what kind of conduct results in a comment being deleted or a commenter being banned from BloodhoundBlog. In this paragraph, the added language is underlined:

Comments policy: Everyone disagrees with us about something, and we welcome this: It’s how we learn. We encourage a free and spirited debate about the issues we raise here. We police comments with a very light hand, deleting comments and banning commenters only for extreme obscenity, flaming or flame-baiting, plagiarism, spam, impersonation (sock-puppetry) or copyright infringement (a fair-use quotation with a link is fine). This warrants emphasis: We are all about ideas, and, because of that, we are very strict about bad behavior. If you get the notion that your fear or anger or rock-ribbed moral fire accords you the right to abuse or insult or brow-beat the other guests in our salon, you will be ejected with dispatch. Nota bene: Read more

Time of the signs: Let there be light

This is my column for last week from the Arizona Republic (permanent link). Since I wrote this, Cathleen found a solar-powered flood light solution, which we’re testing now. At some point — ideally when there is more sunlight and when electrons aren’t quite as sluggish outdoors — I’ll let you know how it’s working out.

 
Time of the signs: Let there be light

We’ve been playing with sign lights.

Signs matter. If you’re trying to sell your home, the yard sign just might swing the balance. A whopping 63% of home buyers discover homes they’re interested in seeing from yard signs, and the sign can be the first “salesman” for the home in one out of every six home sales.

Our signs are custom-made for each home we list, with big photos of the interior of the home. The idea is to swing the balance toward our sellers by whatever means we can think of.

But I cannot imagine a more profound enemy of custom real estate signs than darkness. During the day, you can spot the signs, see the photos, read the copy. At night, our signs, like all real estate signs, are silhouettes against the void.

So we’ve been looking for lighting systems that will extend the hours our signs are visible — from twilight to 9 pm at least, although all night would be ideal.

Our first swing at the ball is a device called the Listing Light. It uses six C-cell batteries to set two light-emitting diodes ablaze. It actually works in the sense that the signs seem to be aglow from a distance, and they are completely readable up close. But the effect is a lot like reading by flash-light — doable, but not to be preferred.

My friend Teri Lussier, a Realtor in Dayton, Ohio, has set her husband loose on the problem of lighting signs. His first invention builds the lights into the underside of the crossbar of the sign post. By now, he’s playing with the idea of building a box composed of two translucent signs with fluorescent tubes inside, much like a commercial sign.

I like what ground-mounted flood lights do Read more

More Predictions for 2008 (Bigger, Better, Newer, Sparkle-ier)

Miss Cleo tells the futchaToo bad Miss Cleo’s not famous anymore- predictions are left up to those with (as Jeff says) a “cracked crystal ball.” 

So who has the fortune telling skills this year?  Time shall tell!  Get a leg up on ’08 by reading the full articles in the links below:

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Jeff Brown’s
predictions include foretelling that the DOW will exceed 15,000.  How’s that for ya? (Oh yeah, this is only his first Volume.  Volume II will include something rude about me, I’m hoping.)

Pat Kitano brought us Economist’s predictions including widespread Open ID and bandwith slowdown.

Adam Ostrow notes that Facebook will go mainstream and newspapers won’t die but will creep into the blogiverse.

Drama 2.0 predicts that there won’t be much new innovation or new faces on the scene.  Huh?

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subscribe to authorsDON’T FORGET- if people like Jeff and I turn you off of reading Bloodhound Blog, don’t leave!  Simply subscribe only to your favorite authors in the sidebar!

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Unchained melodies: Christmas Eve Sarajevo 12/24

Trans-Siberian Orchestra is the most successful of the many attempts to marry classical music to rock, with Christmas Eve Sarajevo 12/24 being their breakthrough hit:

It ain’t Christmas without the Barenaked Ladies. This is their Christmas medley with Sarah MacLachlan:

Dan Fogelberg died on December 16th of this year. This is Same Auld Lang Syne, the all time best Christmas Eve song ever written:


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Florida First, Certainly California, Next Nevada,and Absolutely Arizona

Lenders don’t love us no’ mo’. Want a vacation crib in Miami? How about an investment property in Orlando? Show up with 40%, no seller carry-backs allowed, thankyouverymuch.

This e-mail came in this morning from IndyMac Bank :

Florida Guideline Restrictions

Transactions securing properties located in the state of Florida are subject to the following restrictions/limitations:


For all Loan Programs:

  • All loans are restricted to Full Documentation

  • Primary Residence transactions:

  • – The maximum LTV and CLTV otherwise available for the transaction type must be reduced by 5%.
    – The Borrower’s current primary residence must be sold and closed prior to,
    or concurrently with Indymac’s funding.
    – If the to-be-secured property is a single family residence, condominium or planned unit development, it must be located within an established project. An established project is one in which 90% of the total project units have been sold, and the subject property has been previously occupied / owned by someone other than the developer.

  • Second Home and Investment Property transactions are limited to a maximum 60% LTV / CLTV.

Remember I said, back on April 1, 2007 that IndyMac was conservative? Every other lender followed suit. Today it’s Florida; the other three states will be next. This is why my outlook for housing in 2008 is bleak.

Do not despair, though. While this will virtually halt activity it will “right-price” (that’s my new phrase) the market…QUICKLY. Expect Florida prices to drop like a ball off a table, in February, when the rest of the lenders pucker.

…and then there will be buyers. Oh, there will be buyers.

PS: If I sound giddy it’s because the “muddy waters keep getting clearer” and I can see the bottom.

Gifts of the Real Estate Magi, circa 2007

Thank you, Russell, for the gold you so generously share.

Was Brian the mortgage industry’s Clarence this year?

I think the difference between frankincense and myrrh is appropriate to this metaphor: Compilation and organization of the holy oil of Real Estate Weblogging came to us by way of the prickly shrub.

Merry Christmas to all!

See you next year…

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Mashable Predictions for 2008

Miss Cleo tells the futchaMashable is the Internet’s (well, the globe’s) ultimate source for social media news and information.  Mark “Rizzn” Hopkins is who we all look to for guidance and especially for predictions.  This week, Rizzn put together his predictions for 2008 and here’s why you SHOULD NOT READ his entire article:

1. If you know about Google vs. Facebook.
2. If you are not concerned with the future of Internet privacy and government attention to it.
3. If you don’t care about the impending breakdown of music studio industry.
4. If you already know what APML and ADM mean (or that they’re even buzzwords).
5. Don’t read the article if you are familiar with mandated Clean Tech.
6. If you already are aware that VC money will likely be refocused on green solutions and “me too” ideas.
7. Your crystal ball has predicted the tech bubble burst (or lack thereof).

Otherwise, go read the entire article to get ahead!