{"id":15293,"date":"2011-11-09T09:09:03","date_gmt":"2011-11-09T16:09:03","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=15293"},"modified":"2011-11-09T09:13:18","modified_gmt":"2011-11-09T16:13:18","slug":"hey-ron-phipps-i-say-the-national-association-of-realtors-is-a-rent-seeking-rotarian-socialist-conspiracy-against-the-american-consumer-can-you-offer-even-one-argument-to-refute-that-claim","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15293\/hey-ron-phipps-i-say-the-national-association-of-realtors-is-a-rent-seeking-rotarian-socialist-conspiracy-against-the-american-consumer-can-you-offer-even-one-argument-to-refute-that-claim\/","title":{"rendered":"Hey, Ron Phipps: I say the National Association of Realtors is a rent-seeking Rotarian Socialist conspiracy against the American consumer. Can you offer even one argument to refute that claim?"},"content":{"rendered":"

My friend and partner, the ever-more-Unchained Brian Brady, posted a Facebook link<\/a> to a Wall Street Journal<\/em> article<\/a> on the current push by the National Association of Realtors for extended loan subsidies for the rich:<\/p>\n

To understand why 90% of U.S. mortgages are still underwritten by taxpayers, look no further than the nearby letter from Ron Phipps of the Realtors lobby. He makes clear that the Realtors, like the rest of the housing-subsidy crowd, are working hard to get Congress to reinstate a $729,750 loan-limit for Fannie Mae and Freddie Mac guarantees.<\/p><\/blockquote>\n

Why do rich people need taxpayer-underwritten home loans? They don’t, of course. The NAR needs loan subsidies at all income-levels to keep churning the real estate market.<\/p>\n

In case you haven’t looked at your bank statements or retirement accounts lately, the NAR has already churned the American economy into a five-year coma. But like every other legislative vampire, the NAR won’t stop sucking away at unearned income until the body politic is entirely exsanguinated — bled to death.<\/p>\n

This latest Five-Alarm Urgent Action Item — one of three or four a week Phipps and his minions spam-spew — is nothing more than an extension of the original NAR philosophy: Milk consumers, taxpayers and real estate salespeople for the benefit of brokers.<\/p>\n

Do you doubt me?<\/p>\n

The real estate licensing laws, written in their original form by<\/em> the NAR, exist to limit competition in real estate brokerage, eliminating alternative sources of real estate brokerage to artificially sustain higher commissions for NAR brokers.<\/p>\n

The sales commission co-brokerage fee — the vaunted “cooperation” among brokers — exists to create the Multiple Listings Service oligopoly, the golden handcuffs by which real estate salespeople are bound to their brokers and to the NAR — and which, not-coincidentally, continues the viciously anti-consumer NAR policy of de facto<\/em> sub-agency.<\/p>\n

The IRS “safe harbor” exclusion shielding real estate brokers from having to report income for their employees makes it possible for brokers to churn-and-burn gullible real estate salespeople like a toy store burns through your kid’s allowance money. No other business can afford to treat human capital — that would be you — like so Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My friend and partner, the ever-more-Unchained Brian Brady, posted a Facebook link to a Wall Street Journal article on the current push by the National Association of Realtors for extended loan subsidies for the rich: To understand why 90% of U.S. mortgages are still underwritten by taxpayers, look no further than the nearby letter from […]<\/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":[29,26,5,30],"tags":[],"class_list":{"0":"post-15293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-real-estate","9":"category-supplanting-the-nar","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1964,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1964\/can-the-nar-improve-a-buyers-financing-experience\/","url_meta":{"origin":15293,"position":0},"title":"Can the NAR Improve a Buyer’s Financing Experience?","author":"Brian Brady","date":"September 23, 2007","format":false,"excerpt":"Realtors have to stop complaining about the sorry status of the lending industry. Why? They have the power to make a difference but refuse to take action. I have often heard the Realtors' cry for licensing of loan originators and a plea for lending advisers to adopt a fiduciary capacity\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":17472,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17472\/overnight-news-nar-goes-grasshopper-bans-brains-ants-to-respond-accordingly\/","url_meta":{"origin":15293,"position":1},"title":"Overnight News: NAR goes Grasshopper, bans brains. Ants to respond accordingly.","author":"Greg Swann","date":"November 14, 2020","format":false,"excerpt":"After watching one huge national institution after another destroy itself embracing woke politics, the National Association of Realtors yesterday put itself into the speech-code business. Smooth move. The NAR is a cabal of rent-seeking morons. They want to regulate speech as yet another way to eliminate smarter competition. The purpose\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":12120,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12120\/dear-national-association-of-realtors-how-about-you-fetid-rotting-pusswads-do-something-patriotic-and-get-off-the-taxpayers-tit\/","url_meta":{"origin":15293,"position":2},"title":"Dear National Association of Realtors: How about you fetid, rotting pusswads do something patriotic and get off the taxpayer’s tit…?","author":"Greg Swann","date":"June 1, 2010","format":false,"excerpt":"To say the truth, I'm kindasorta liking the Tea Party movement -- as far as it goes. I don't think we're at a turning of the tides -- although I can at least hope that we might be before too long. Any sort of discussion of individual rights is a\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":[]},{"id":1929,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1929\/an-open-letter-to-the-technological-dinosaurs-who-presume-to-control-our-livelihoods\/","url_meta":{"origin":15293,"position":3},"title":"An open letter to the technological dinosaurs who presume to control our livelihoods","author":"Greg Swann","date":"September 15, 2007","format":false,"excerpt":"To: Ron LaMee VP Information Services Arizona Association of Realtors Ron: Russell Shaw argues to me that I have been unfair to you, or at least unnecessarily rude. I don't concede the point, but I am willing to elaborate on the issues at contest. In all honesty, I don't expect\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1870,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1870\/burn-down-the-mission-elton-john-reads-the-tumbleweed-manifesto-to-the-national-association-of-realtors\/","url_meta":{"origin":15293,"position":4},"title":"Burn Down the Mission: Elton John reads the Tumbleweed Manifesto to the National Association of Realtors","author":"Greg Swann","date":"August 30, 2007","format":false,"excerpt":"I'll have more later, but of all the many reasons the NAR deserves to be disintermediated, perhaps the simplest and most obvious is that these congenital retards cannot catch the frolickin' Cluetrain. \u00a0More viewpoints, pro and con, on supplanting the NAR: < ?php c2c_get_recent_posts(9999, \"%post_URL%\", '30'); ?> Technorati Tags: disintermediation,\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":832,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/832\/nar-dead-pool\/","url_meta":{"origin":15293,"position":5},"title":"NAR dead pool . . . ?","author":"Greg Swann","date":"January 1, 2007","format":false,"excerpt":"One of the things Cathy did yesterday between finishing her real estate work and popping the cork on the champagne (she makes me do that, of course), was paying our dues. Not figuratively -- literally. Yesterday was the deadline to pay the following creditors:Phoenix Association of RealtorsArizona Association of RealtorsNational\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15293","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=15293"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15293\/revisions"}],"predecessor-version":[{"id":15294,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15293\/revisions\/15294"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=15293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=15293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=15293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}