{"id":15576,"date":"2012-01-23T13:14:49","date_gmt":"2012-01-23T20:14:49","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=15576"},"modified":"2012-01-23T13:14:49","modified_gmt":"2012-01-23T20:14:49","slug":"mindset","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15576\/mindset\/","title":{"rendered":"Mindset"},"content":{"rendered":"

I was talking to a friend of mine who is a broker with a small \u201cboutique\u201d brokerage about the business recently and he told me that since it was pointless to list property in this market, he has focused his efforts on rental properties. He is \u201changing in there\u201d, waiting for the market to turn around. I was surprised by his position. He defended it vigorously. I get this all the time from friends who ask me how am I doing, fully expecting me to tell a sad tale.<\/p>\n

Let me tell you a secret. People get used to everything. Even a recession, you ask? Yes, people \u00a0even get used to a recession. The secret is that there are still people who are securely employed, who have decided that with the interest at all-time lows and the prices down, now is a perfect time to buy. They barely even know that there is a recession. There are grandparents who want to get closer to their grandchildren ready to pay cash for a house. There are rich kids who just got married who are ready to spend Granddad\u2019s money. There are people getting divorced, people inheriting homes they don\u2019t want to live in, people letting their underwater homes go to foreclosure and then cashing out of their 401K and buying homes for cash at \u00bd the price of the one they let go. There are people buying homes in areas where the prevailing idea is that the market is dead. There are investors getting out of the stock market and into real estate. There are landlords increasing their holdings.<\/p>\n

The other side of the secret is there are way less agents in the market competing for the buyers or the sellers. \u00a0The worst thing an agent can do is to buy the sad story. The fastest route to the poorhouse is to think it\u2019s pointless to try. Yeah, there may be a lot of reasons to be depressed, but nothing will turn a buyer or a seller off more than an agent who seems depressed.<\/p>\n

Well how do you find these buyers and sellers? Well Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I was talking to a friend of mine who is a broker with a small \u201cboutique\u201d brokerage about the business recently and he told me that since it was pointless to list property in this market, he has focused his efforts on rental properties. He is \u201changing in there\u201d, waiting for the market to turn […]<\/p>\n","protected":false},"author":71,"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":[5],"tags":[],"class_list":{"0":"post-15576","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7491,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7491\/after-the-great-recession-what-will-real-estate-be-like\/","url_meta":{"origin":15576,"position":0},"title":"After the Great Recession: What Will Real Estate Be Like","author":"Glenn Kelman","date":"March 16, 2009","format":false,"excerpt":"Over at Redfin, we've been wondering plenty what the world will look like after the Great Recession. It feels as though we're falling and falling, like Alice in Wonderland, with no idea what strange new world awaits us at the bottom of this very deep downturn. What will the Internet\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":1889,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1889\/arms-look-scary-before-they-look-good-or-how-wall-street-dupes-the-little-guy\/","url_meta":{"origin":15576,"position":1},"title":"ARMs Look Scary Before They Look Good or (How Wall Street Dupes the Little Guy)","author":"Brian Brady","date":"September 4, 2007","format":false,"excerpt":"I don't look real smart today, do I ? Mortgage rates in general took a fairly substantial dive during the previous week with longer term rates dropping double digits in most cases and some rates returning to mid-2006 levels. However, the Mortgage Bankers Association reported a spectacular increase in the\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":767,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/767\/remembering-the-past-and-choosing-to-forget-it\/","url_meta":{"origin":15576,"position":2},"title":"Remembering the past and choosing to forget it?","author":"Dan Green","date":"December 14, 2006","format":false,"excerpt":"As George Santayana said, \"Those who cannot remember the past are condemned to repeat it.\" Okay, so what about the people the can remember the past, but choose to ignore it? There has to be a famous quotation for that, too, right? On the front page of today's Wall Street\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":4926,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4926\/opt-out-of-the-recession\/","url_meta":{"origin":15576,"position":3},"title":"Opt-Out of the Recession","author":"Brian Brady","date":"October 13, 2008","format":false,"excerpt":"I won't be participating in the recession.\u00a0 I've opted out. The whole thing started when Chris Johnson slapped everyone for whining.\u00a0 That was an important message.\u00a0 Essentially, Chris has been saying, \"I know it's tough and it's gonna be work but that's why they call it WORK\".\u00a0 If you're a\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":18232,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18232\/overnight-news-wanna-whip-inflation-double-your-productivity\/","url_meta":{"origin":15576,"position":4},"title":"Overnight News: Wanna whip inflation? Double your productivity.","author":"Greg Swann","date":"June 14, 2021","format":false,"excerpt":"A recession might be awful, but it's not all bad: The cause of the downturn will be poor investment choices, usually, and trimming those weeds makes the whole garden healthier, just by itself. But the downturn will also incentivize and spotlight better ideas, with the result that the economy emerges\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":14382,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14382\/what-does-it-mean-that-the-nar-wont-defend-itself-from-the-charge-that-it-was-the-sine-qua-non-cause-of-the-great-recession\/","url_meta":{"origin":15576,"position":5},"title":"What does it mean that the NAR won’t defend itself from the charge that it was the sine qua non cause of the Great Recession?","author":"Greg Swann","date":"April 1, 2011","format":false,"excerpt":"I threw down the gauntlet -- and not for the first time: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. The villain\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15576","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\/71"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=15576"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15576\/revisions"}],"predecessor-version":[{"id":15579,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15576\/revisions\/15579"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=15576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=15576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=15576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}