{"id":1214,"date":"2007-03-25T13:26:29","date_gmt":"2007-03-25T20:26:29","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1214"},"modified":"2007-04-20T16:06:56","modified_gmt":"2007-04-20T23:06:56","slug":"sez-me-random-sunday-thoughts-the-duh-factor","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1214\/sez-me-random-sunday-thoughts-the-duh-factor\/","title":{"rendered":"Sez Me — Random Sunday Thoughts — The Duh Factor"},"content":{"rendered":"

We now hear empirical evidence about home prices across the nation. They rose (median) by 1%. They’re expected to rise by a tad more than that this year. Oh my.<\/p>\n

Home builders also sold their new stuff last year for more than the year before. It’s also expected they’ll go up just a touch this year too. Oh my.<\/p>\n

Developers are continuing to break ground on new projects all over the country. I guess they’re operating on the sound business principle that if they build it you will come. OR, they’ve done massive market research, analyzed the data within an inch of its life, concluding there’s still a thriving market for their product — at higher prices than the last project.<\/strong> Oh my.<\/p>\n

\"Faster<\/p>\n

This is the new bubble.<\/em> You know, where reality bubbles to the top, assigning disaster theories to the writing room of The Tonight Show for Jay’s stand-up routine.<\/p>\n

Lenders will lay low for a short while, (Captian Obvious Speaks)<\/a> as they strive to create product that is attractive to both borrowers, underwriters, and their bottom line. Nothing trumps the number one axiom of real estate lending — lenders lend.<\/em> Duh, Captain Obvious.<\/p>\n

If you think we’re headed back to 20% down payments, then you’re also are still waiting for windmills to replace oil for energy. Why do you think we went from 20-30% down to 0-10% in the first place? Just maybe it was because lenders weren’t making enough loans to suit them. You’re on a roll Captain.<\/p>\n

Idaho is the third fastest growing state in the nation. People are beating a path to their door. I wonder if that’s why the general Boise region is pegged to double in population in the next couple decades? Is it possible that the Phoenix area, which is also a population growth monster, will continue to prosper? Captain Obvious says — “Uh, yeah.<\/em>” Duh<\/p>\n

So here we are again poised to wet our collective pants laughing at all the Chicken Littles out there. And those laughing the loudest? The ones who looked at the real data, learned from history, and became disciples of Captain Obvious.<\/p>\n

By the way, the Read more<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

We now hear empirical evidence about home prices across the nation. They rose (median) by 1%. They’re expected to rise by a tad more than that this year. Oh my. Home builders also sold their new stuff last year for more than the year before. It’s also expected they’ll go up just a touch this […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,5],"tags":[],"class_list":{"0":"post-1214","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-general","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":10771,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10771\/ok-to-good-enough-to-great-to-amazing-to-oh-my-freakin-god\/","url_meta":{"origin":1214,"position":0},"title":"OK to Good Enough to Great to Amazing to Oh My Freakin’ God!","author":"Jeff Brown","date":"January 7, 2010","format":false,"excerpt":"Books on marketing and service -- gotta love 'em. Most, at least in my view are best utilized after shredding -- they're so fulla crap they make stellar fertilizer. 'Course I say that fully cognizant of the reality I'm pretty much BawldClueless when it comes to effective marketing, so I\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":968,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/968\/transparency-and-the-wizard-of-oz\/","url_meta":{"origin":1214,"position":1},"title":"Transparency And The Wizard Of Oz","author":"Jeff Turner","date":"January 30, 2007","format":false,"excerpt":"OZ'S VOICE: Do not arouse the wrath of the Great and Powerful Oz! I said -- come back tomorrow! I bought my first house in 1984 when I was 22 years old. It was in Speedway, IN. I do not remember much about the detail of the transaction, but I\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3804,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3804\/sleazy-option-arm-advertisements\/","url_meta":{"origin":1214,"position":2},"title":"Sleazy Option ARM Advertisements","author":"Brian Brady","date":"August 7, 2008","format":false,"excerpt":"I wrote this article on Active Rain, about two months ago.\u00a0 It's got legs in the comments' thread over there.\u00a0 You'll see that the REAL reason I'm worked up is that the \"new sleazy option ARM advertisement\" is to claim that you KNEW it was bad for the customer. The\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3040,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3040\/oh-canada-your-zestimates-are-baking-zillowca-is-in-the-oven\/","url_meta":{"origin":1214,"position":3},"title":"Oh, Canada! Your Zestimates are baking: Zillow.ca is in the oven","author":"Greg Swann","date":"May 1, 2008","format":false,"excerpt":"So: My belief would be that, regardless of Trulia.com's nofollow policy on the listings it solicits from Realtors, brokers and brokerage chains, if you're building things right at home, you should be able to beat any out-of-town infiltrators on your own listings. So I looked up \"718 West Moreland Street\",\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4149,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4149\/mortgage-market-week-in-review-8\/","url_meta":{"origin":1214,"position":4},"title":"Mortgage Market Week in Review…..","author":"Tom Vanderwell","date":"August 29, 2008","format":false,"excerpt":"Sorry this is a little late.\u00a0\u00a0 Had a closing out of town and it tied up a lot of my afternoon. Happy Labor Day weekend! I hope that you take some time to enjoy a very relaxing weekend on the last long weekend of the summer.\u00a0\u00a0 Due to the fact\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3055,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3055\/oh-yeah\/","url_meta":{"origin":1214,"position":5},"title":"Oh yeah?","author":"Geno Petro","date":"May 5, 2008","format":false,"excerpt":"\u00a0 I DON'T THINK SO (at least I'm not bringing my leash).\u00a0\u00a0\u00a0 See you all at the paragon.","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/lh3.ggpht.com\/genopetro\/SB8KV9sEYkI\/AAAAAAAAApM\/_MwVLogoMqc\/s144\/graffitti%20003.JPG?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1214"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1214\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}