{"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":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2,5],"tags":[],"class_list":["post-1214","post","type-post","status-publish","format-standard","hentry","category-general","category-real-estate","no-featured-image"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4149,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4149\/mortgage-market-week-in-review-8\/","url_meta":{"origin":1214,"position":0},"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":1},"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":[]},{"id":13120,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13120\/uh-oh-aliens-are-spreading-through-the-real-estate-community\/","url_meta":{"origin":1214,"position":2},"title":"Uh Oh Aliens are spreading through the Real Estate Community","author":"Greg Dallaire","date":"September 2, 2010","format":false,"excerpt":"","rel":"","context":"In "Innovation"","block_context":{"text":"Innovation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/innovation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2173,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2173\/oh-good-grief-not-another-realtybot\/","url_meta":{"origin":1214,"position":3},"title":"Oh, good grief! Not another Realty.bot . . .","author":"Greg Swann","date":"November 6, 2007","format":false,"excerpt":"HotPads today joins the ranks of unprofitable and massively-incomplete on-line real estate listings bots. If you're looking for a bubble, its name is Web 2.0... Technorati Tags: disintermediation, real estate, real estate marketing, technology","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":968,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/968\/transparency-and-the-wizard-of-oz\/","url_meta":{"origin":1214,"position":4},"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":7867,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7867\/california-proposes-to-regulate-realtors-alongside-pawn-shops-and-lenders-and-banksoh-my\/","url_meta":{"origin":1214,"position":5},"title":"California Proposes to Regulate REALTORS Alongside Pawn Shops, and Lenders, and Banks…Oh MY!","author":"Brian Brady","date":"April 14, 2009","format":false,"excerpt":"Assemblyman Pedro Nava sponsored a bill (CA-AB33) to reorganize our state's financial services' regulators to be under one umbrella, the newly created Department of Financial Services.\u00a0 The idea is to save a bunch of money for the State. Of course, CAR is going nuts.\u00a0 Amy Steele reports via ActiveRain.com: AB\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"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}]}}