{"id":17180,"date":"2020-09-28T11:07:28","date_gmt":"2020-09-28T18:07:28","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=17180"},"modified":"2020-09-28T11:09:01","modified_gmt":"2020-09-28T18:09:01","slug":"husbandry-is-stewardship-first-are-there-no-more-good-stewards-in-americas-economy","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17180\/husbandry-is-stewardship-first-are-there-no-more-good-stewards-in-americas-economy\/","title":{"rendered":"Husbandry is stewardship first. Are there no more good stewards in America\u2019s economy?"},"content":{"rendered":"

\"\"

\u201cThe simple fact is that you eat better if you work better, even if you are all alone.\u201d<\/p><\/div>\u201cUnder all is the land.\u201d<\/p>\n

So says the preamble to the NAR Code of Ethics<\/a>, and I love those five words of it, at an absolute minimum.<\/p>\n

It’s existentially true, obviously. I love the term for real estate in espa\u00f1ol<\/em> for that reason \u2013 bienes raices,<\/em> rooted things. So many contract disputes resolved with better word choices!<\/p>\n

But the real truth of that observation is economic: Underneath all of the fake wealth of Wall Street securities is the real wealth of real estate.<\/p>\n

Silicon Valley billionaires may not own a lot of dirt, but their investors do. Undergirding most mere millionaires, other than their own businesses, is a portfolio of commercial and residential real estate \u2013 three or four suburban tract homes, a triple-net drug store or two, strip malls, office parks, apartment communities, skyscrapers. If they don’t own the dirt themselves, their own investors or their REITs do.<\/p>\n

The literal foundation all wealth is the land.<\/p>\n

Hence: Husbandry of all wealth begins with husbandry of the land we are destined to live on.<\/p>\n

This is the idea of stewardship, and it is the essence of the profit-seeking ideal: Better profits come from better stewardship. That much is an economics of isolation: No need for buyers, sellers, trade, currencies or even the idea of profit itself. The simple fact is that you eat better if you work better, even if you are all alone.<\/p>\n

So I have some questions for the putative, would-be, wannabe stewards of the American economy. You can pick your own favorite corporate gnomes, but I am specifically highlighting Jeff Bezos of Amazon, Rich Barton of Zillow and Glenn Kelman of Redfin \u2013 them because they seem to me to be the worst possible stewards for Seattle, the city they have inflicted themselves on.<\/p>\n

So first we note that corporate weenies of every pinstripe have denounced the “systemic racism” committed by everyone around them but themselves.<\/p>\n

And we take account that many of them have promised flagrant violations of fair-employment laws to undo all the “systemic racism” Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cThe simple fact is that you eat better if you work better, even if you are all alone.\u201d\u201cUnder all is the land.\u201d So says the preamble to the NAR Code of Ethics, and I love those five words of it, at an absolute minimum. It’s existentially true, obviously. I love the term for real estate […]<\/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":[212,29,5],"tags":[],"class_list":{"0":"post-17180","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-flourishing","7":"category-group-therapy","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":9538,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9538\/pardon-me-sir-but-have-you-seen-the-special-on-grey-poupon-at-wal-mart\/","url_meta":{"origin":17180,"position":0},"title":"“Pardon me sir, but have you seen the special on Grey Poupon at Wal Mart?”","author":"John Rowles","date":"August 17, 2009","format":false,"excerpt":"UPDATE: Buy the T-Shirt at Cafe Press! Yep, that's a Rolls Royce Phantom (2008 MSRP $340,000) in the parking lot of the Newport RI Wal Mart captured with my phone on Saturday. The headline is my best shot at a caption (YouTube has the old Grey Poupon commercial). What's yours?","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"rolls_royce_phantom_wal_mar","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2009\/08\/rolls_royce_phantom_wal_mar.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1634,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1634\/mgmmirages-citycenter-in-pictures\/","url_meta":{"origin":17180,"position":1},"title":"MGM\/Mirage’s CityCenter in pictures","author":"Greg Swann","date":"July 4, 2007","format":false,"excerpt":"I have written in the past about CityCenter, MGM\/Mirage's seven billion dollar city within the city of Las Vegas -- and I'll write more when I get back to my Macintosh. But here are some photos we shot yesterday at the sales center and on the construction site. A model\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":9363,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9363\/realbirds-free-idx-alternative-eeeeeaaaaahhhhaahhhhahhhhhhah\/","url_meta":{"origin":17180,"position":2},"title":"Realbird’s Free IDX Alternative: (Eeeee….aaaaahhhh…aahhhhahhhhhhah)","author":"Ryan Hartman","date":"July 30, 2009","format":false,"excerpt":"\u00a0 I just recently realized that Realbird offers the syndication based total IDX solution on the cheap for Real Estate Agents that I was talking about here a little while back. \u00a0 Considering the whole MIBOR thing that went down a few months back, here below is how we might\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"picture-23","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2009\/07\/picture-23.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1162,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1162\/health-wealth-population-the-internet-and-more-wealth-these-folks-are-going-to-need-a-place-to-live\/","url_meta":{"origin":17180,"position":3},"title":"Health, wealth, population, the internet — and more wealth: These folks are going to need a place to live . . .","author":"Greg Swann","date":"March 17, 2007","format":false,"excerpt":"During the boom, I wondered if the results we were seeing might have been fed by a reinterpretation of tax laws -- deductibility of leveraged interest, the owner-occupant capital gains exclusion, the IRS Section 1031 tax-deferred exchange, accelerated depreciation of real estate related chattel assets, etc. In other words, were\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":5029,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5029\/spread-the-wealth-around-real-estate\/","url_meta":{"origin":17180,"position":4},"title":"Spread the Wealth Around Real Estate","author":"Jessica Horton","date":"October 16, 2008","format":false,"excerpt":"Ladies and gentlemen, I am pleased to announce that Spread the Wealth Around Real Estate will be the name of my new real estate company. You can call it S.W.AR.E for short. I plan to open doors nationwide just as soon as the election is over. I am a very\u2026","rel":"","context":"In "Egoism in Action"","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2014,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2014\/trim-the-fatno-throw-away-the-meat-and-get-a-new-cow\/","url_meta":{"origin":17180,"position":5},"title":"Trim The Fat…No, Throw Away the Meat and Get a New Cow","author":"Brian Brady","date":"October 9, 2007","format":false,"excerpt":"Frank Nelson, writing for the Sunday LA Times, outlined the knowledge crisis that affects our industries today: \"About half our members have never seen a down market,\" said Colleen Badagliacco, president of the California Assn. of Realtors. Edward Barrios, an agent with Shorewood Realtors in Manhattan Beach, believes a \"gold-rush\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17180","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=17180"}],"version-history":[{"count":4,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17180\/revisions"}],"predecessor-version":[{"id":17185,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17180\/revisions\/17185"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=17180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=17180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=17180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}