{"id":14488,"date":"2011-04-26T09:31:12","date_gmt":"2011-04-26T16:31:12","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=14488"},"modified":"2011-04-26T09:31:12","modified_gmt":"2011-04-26T16:31:12","slug":"housing-might-not-be-a-good-investment-but-its-not-a-bad-hedge-against-inflation","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14488\/housing-might-not-be-a-good-investment-but-its-not-a-bad-hedge-against-inflation\/","title":{"rendered":"Housing Might Not Be a Good “Investment” But It’s Not a Bad Hedge Against Inflation"},"content":{"rendered":"

Debra and I had the good fortune to met Anthony Randazzo at a Reason Foundation dinner last week.\u00a0 Mr. Randazzo published an article today<\/a>, about real estate as a “store of value” (which was consistent with what we’ve been talking about here on BloodhoundBlog<\/a>).<\/p>\n

Few people will dispute that more homeowners adds “social value” to communities.\u00a0 Greg Swann articulated that nicely here<\/a>:<\/p>\n

The essence of our freedom is the free ownership of the land, and yet everywhere we turn, private property is subjected to one law after another, and everything that is not forbidden is compulsory instead.<\/p>\n

This is a grievous error. The men who become Brownshirts or Klansmen or Khmer Rouge \u2014 the men who make up murderous mobs \u2014 are men without land. It is the husbandry of the land \u2014 each man to his own parcel \u2014 that most makes husbands of us, that sweeps away our willingness to live as brigands or rapists or thugs.<\/p>\n

By robbing the private ownership of the land of its meaning, the state is, by increments, robbing its citizens of their humanity. No one burns down his own home, nor his neighbor\u2019s home. But when the time comes that we all seem to own our homes only by sufferance, none of us will have anything left to defend.<\/p><\/blockquote>\n

What Greg was arguing against was an activist government, abusing eminent domain laws.\u00a0 I was happy to read that locally, the brigands disguised as National City, CA Councilmen were defeated <\/a>last week but the war in defense of<\/em><\/strong> private property rights will be a long campaign<\/a>.<\/p>\n

Mr Randazzo’s article however, demonstrates how that “social value” (op. cit.) can be distorted when the planners keep planning:<\/p>\n

When looking at housing this way, the “ownership society” lauded by President Bush in the early 2000s, sounds like a good idea. Especially when considering the social values associated with homeownership, like being a good neighbor and having a stake in nuturing a community.\u00a0However, while owning a home is rarely a bad thing, it might not be the great investment our Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Debra and I had the good fortune to met Anthony Randazzo at a Reason Foundation dinner last week.\u00a0 Mr. Randazzo published an article today, about real estate as a “store of value” (which was consistent with what we’ve been talking about here on BloodhoundBlog). Few people will dispute that more homeowners adds “social value” to […]<\/p>\n","protected":false},"author":15,"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":[8,26,5],"tags":[],"class_list":{"0":"post-14488","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-lending","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":14492,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14492\/the-stick-the-carrot-and-the-men-behind-the-curtain\/","url_meta":{"origin":14488,"position":0},"title":"The Stick, the Carrot, and The Men Behind the Curtain","author":"Brian Brady","date":"April 27, 2011","format":false,"excerpt":"Monday, I talked about how real estate is better described as a store of value rather than an investment, referencing the work Reason's Anthony Randazzo published.\u00a0 Randazzo really hit it out of the park because he showed, without a doubt, how the residential real estate bubble started right after 1992.\u00a0\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":2994,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2994\/calling-all-women\/","url_meta":{"origin":14488,"position":1},"title":"Calling All Women","author":"Dave Phillips","date":"April 20, 2008","format":false,"excerpt":"Teri\u2019s latest post on BHB sparked a thought for me. She mentioned that BHB was not really a friendly place for women, but she plays with the boys anyway. As someone who has 3 daughters and works in an office full of women, I was taken aback by Teri\u2019s comment.\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"women lifting","src":"https:\/\/i0.wp.com\/static.howstuffworks.com\/gif\/weight-lifting-for-women-115.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1837,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1837\/the-backbone-of-real-estate-only-the-men-in-the-business-know-the-answer\/","url_meta":{"origin":14488,"position":2},"title":"The Backbone Of Real Estate? Only The Men In the Business Know The Answer","author":"Jeff Brown","date":"August 23, 2007","format":false,"excerpt":"On a warm San Diego day in mid-June of 1969 I drove home from my last day of high school. About 60 days later I turned 18. Around 30 days after that I was jumping up and down in front of our mailbox, holding the notice from the California Department\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":17412,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17412\/overnight-news-when-we-are-shielded-solely-by-the-courage-of-men-like-tucker-carlson-and-glenn-greenwald-that-would-be-a-government-of-men-and-not-of-laws\/","url_meta":{"origin":14488,"position":3},"title":"Overnight News: When we are shielded solely by the courage of men like Tucker Carlson and Glenn Greenwald \u2013 that would be a government of men and not of\u00a0laws.","author":"Greg Swann","date":"October 30, 2020","format":false,"excerpt":"I closed a house yesterday \u2013 I'm bragging about it just below \u2013 so I refuse to despair. Life is luck, ab initio, and we can hope we will be lucky enough to make it past Election Day... Yesterday on BloodhoundBlog: Greg Swann: A Bloodhound\u2019s fish story: $10k over list,\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3217,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3217\/every-day-is-a-good-day-to-invest-in-phoenix-real-estate\/","url_meta":{"origin":14488,"position":4},"title":"Every Day Is A Good Day To Invest In Phoenix Real Estate","author":"Brian Brady","date":"June 7, 2008","format":false,"excerpt":"Every day is a great day to buy a single family home, even in Phoenix. That ought to rile up the analytical types here. Of course, that same principle applies to the stock market, as well. I started my career as a \"Financial Consultant\" but was mentored by some fellas\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":349,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/349\/is-real-estate-20-nothing-more-than-a-cabal-of-cheaper-and-more-efficient-moral-midgets\/","url_meta":{"origin":14488,"position":5},"title":"Is Real Estate 2.0 nothing more than a cabal of cheaper and more-efficient moral midgets . . . ?","author":"Greg Swann","date":"September 18, 2006","format":false,"excerpt":"I'm up to my elbows in Ajax (\"You're soaking in it!\"), but I don't want this to get washed away in the suds: With respect to Redfin's assertion of propriety, Kevin Boer at In The Trenches (blogrolled) provides a plausible explanation for how Redfin might be so adept at identifying\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/14488","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\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=14488"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/14488\/revisions"}],"predecessor-version":[{"id":14491,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/14488\/revisions\/14491"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=14488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=14488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=14488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}