{"id":14354,"date":"2011-03-29T07:51:25","date_gmt":"2011-03-29T14:51:25","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=14354"},"modified":"2011-03-29T07:51:36","modified_gmt":"2011-03-29T14:51:36","slug":"whats-the-best-thing-the-national-association-of-realtors-can-do-for-the-american-economy-it-could-drop-dead-but-it-wont-so-heres-how-you-can-kill-it-instead","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14354\/whats-the-best-thing-the-national-association-of-realtors-can-do-for-the-american-economy-it-could-drop-dead-but-it-wont-so-heres-how-you-can-kill-it-instead\/","title":{"rendered":"What’s the best thing the National Association of Realtors can do for the American economy? It could drop dead — but it won’t — so here’s how you can kill it, instead."},"content":{"rendered":"

Hey there, toothy-grinned, glad-handing Realtor: How’s the world treating you?<\/p>\n

Business is not so good? Your house is worth less than half of what you paid for it? Your kid has three degrees but can’t get a job?<\/p>\n

Are you looking for someone to blame for your troubles?<\/p>\n

Guess what? There really is a mastermind of evil in the American economy. A vast parasite, a vampire king, with an insatiable appetite to devour everything that used to be known as “the American way of life.”<\/p>\n

Are you being preyed upon by banksters? By Wall Street tycoons? By Chris Dodd and Barney Franks?<\/p>\n

Those are the folks we like to blame, when we seek explanations for the Great Recession.<\/p>\n

But who is really<\/em> at fault for your miseries?<\/p>\n

The sine qua non<\/em> cause of this disaster — of the national economic malaise and of your own personal financial situation — is… wait for it…<\/p>\n

The National Association of Realtors.<\/p>\n

It’s the NAR that obstructs consumers’ access to market alternatives to old-fashioned real estate brokerage.<\/p>\n

It’s the NAR that insists on subsidizing homeownership at the expense of other, more-productive uses of capital.<\/p>\n

It’s the NAR that manipulates the tax laws to induce thoughtless consumers to overpay for homes they never would have — and never should have — bought in the first place.<\/p>\n

It’s the NAR that makes war on the rights of Americans to use and enjoy their real property as they choose.<\/p>\n

It was the NAR that lobbied for each law and rule change that resulted in the housing boom, the sub-prime lending catastrophe, the wanton bundling of fraudulent loans, the on-going subsidization of the secondary mortgage market, etc.<\/p>\n

The villain behind all the villains in the collapse of the American economy is the National Association of Realtors.<\/p>\n

The NAR’s legislative initiatives are uniformly criminal in their objectives. The purpose of all<\/em> economic legislation is to induce by force an outcome that would not occur in the absence of that force. This is crime, no different from a mugging.<\/p>\n

As the author of every state’s real estate licensing laws, the NAR mugs consumers by preventing them from doing business with whom they choose — on the terms Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hey there, toothy-grinned, glad-handing Realtor: How’s the world treating you? Business is not so good? Your house is worth less than half of what you paid for it? Your kid has three degrees but can’t get a job? Are you looking for someone to blame for your troubles? Guess what? There really is a mastermind […]<\/p>\n","protected":false},"author":1,"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":[251,4,29,30],"tags":[],"class_list":{"0":"post-14354","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-big-mother","7":"category-disintermediation","8":"category-group-therapy","9":"category-supplanting-the-nar","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4582,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4582\/bloodhound-blog-radio-interviews-matt-padilla-author-of-chain-of-blame\/","url_meta":{"origin":14354,"position":0},"title":"Bloodhound Blog Radio Interviews Matt Padilla, author of Chain of Blame","author":"Brian Brady","date":"September 22, 2008","format":false,"excerpt":"We interviewed Matt Padilla, author of Chain of Blame- How Wall Street Caused the Mortgage and Credit Crisis.\u00a0 This book, released in May, 2008, details a history of non-prime lending, the S&L crisis, securitization of mortgages, and what went wrong. Download and Listen to the 45 minute interview here An\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":168,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/168\/is-the-blame-game-best-played-solitaire\/","url_meta":{"origin":14354,"position":1},"title":"Is the Blame Game best played solitaire?","author":"Cathleen Collins","date":"August 3, 2006","format":false,"excerpt":"In case you missed it yesterday, Jonathan J Miller from Matrix gives us a truly great mental image in his posting, The Housing Blame Game. As a real estate professional, of course all of this has been on my mind. While all of our buyer clients have done very well\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":1962,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1962\/is-greenspan-to-blame-for-the-housing-crisis-and-if-he-is-is-this-entirely-a-bad-thing\/","url_meta":{"origin":14354,"position":2},"title":"Is Greenspan to Blame for the Housing Crisis? And, if he is, is this entirely a bad thing?","author":"Greg Swann","date":"September 23, 2007","format":false,"excerpt":"The second half of a US News dyscomium on Alan Greenspan's Fed:The global spread of capitalism has increased inflation-dampening competition throughout the world and allowed investors to accept lower yields when investing in bonds. What's more, globalization has boosted incomes, in Asia and beyond. That has expanded the pool of\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12681,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12681\/dont-blame-me-i-voted-to-renounce-my-regrettable-vote-for-obama\/","url_meta":{"origin":14354,"position":3},"title":"Don’t blame me, I voted… to renounce my regrettable vote for Obama…","author":"Greg Swann","date":"July 17, 2010","format":false,"excerpt":"","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":[]},{"id":2576,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2576\/folk-music-blame-and-fundamental-solutions\/","url_meta":{"origin":14354,"position":4},"title":"Folk Music, Blame and Fundamental Solutions","author":"Mike Farmer","date":"February 7, 2008","format":false,"excerpt":"A block from my office on one of the squares there's this guitar player and singer\u00a0sitting on a bench providing folk music for the passersby. It's not music I'd actually go out and buy (probably why he's playing from a bench in the square), but its good in its environment.\u2026","rel":"","context":"In "Realty Reality"","block_context":{"text":"Realty Reality","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/realty-reality\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7381,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7381\/no-mr-president-i-wont-stand-down\/","url_meta":{"origin":14354,"position":5},"title":"No, Mr. President. I Won’t Stand Down.","author":"Brian Brady","date":"March 8, 2009","format":false,"excerpt":"I tried so hard to keep an open mind about this Obama guy.\u00a0 The optimism of our people on Inauguration Day was infectious.\u00a0 The snappy patter of the \"three words\" video had my toes tapping and heart filled with optimism.\u00a0 Alas, the honeymoon is over.\u00a0 I now stand firm in\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/14354","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=14354"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/14354\/revisions"}],"predecessor-version":[{"id":15402,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/14354\/revisions\/15402"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=14354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=14354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=14354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}