{"id":1837,"date":"2007-08-23T09:52:58","date_gmt":"2007-08-23T16:52:58","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1837"},"modified":"2007-08-23T09:54:21","modified_gmt":"2007-08-23T16:54:21","slug":"the-backbone-of-real-estate-only-the-men-in-the-business-know-the-answer","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1837\/the-backbone-of-real-estate-only-the-men-in-the-business-know-the-answer\/","title":{"rendered":"The Backbone Of Real Estate? Only The Men In the Business Know The Answer"},"content":{"rendered":"

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 of Real Estate informing me I’d passed the salesman’s license test. A few weeks later I was proudly putting a knot in my tie, bright and early Saturday morning, the 18th of October. I had a full head of blonde hair, and was shaving more days of the week than not. \ud83d\ude42 I was minutes away from driving to the office<\/em> for the first time ever. <\/p>\n

I was still living at home, and going to college full time. 1969 was a recession year, but I didn’t know it. I went full time in February 1974 — the beginning of the ’74-75 recession, and was married a month later. Seems I had great timing from day one. \ud83d\ude42 Times were tough. San Diego hadn’t had their first real price run-up yet. Interest rates, to the best of my memory were generally in the mid-7’s to 8%. <\/p>\n

I remember like it was yesterday, sitting in the office of H & R Block, sometime before the income tax filing deadline, (Big time, wasn’t I?) and the woman doing our taxes looked up at me, my wife looking on, and said, “Mr. Brown, you’d have been better off not having worked last year.” Ouch. To her everlasting credit, my wife looked her in the eye and asked why she was working part time, at night. Was it possibly because her husband wasn’t cuttin’ it? We’ve not been married for a decade now, but we still chuckle about that night. Even with the kidney shot to my ego that night, it was way cool to know she had my back. <\/p>\n

1975 wasn’t much of an improvement, as I made more money, but only because I was getting the hang of things. We were still mired in the recession. I remember one guy in my farm area Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 of Real Estate informing me […]<\/p>\n","protected":false},"author":8,"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":[5,10],"tags":[],"class_list":{"0":"post-1837","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","7":"category-realty-reality","9":"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":1837,"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":1969,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1969\/stand-by-for-the-real-estate-market-shakeup\/","url_meta":{"origin":1837,"position":1},"title":"Stand by for the real estate market shakeup","author":"Russell Shaw","date":"September 24, 2007","format":false,"excerpt":"This is excerpted from today's Inman News: \"RealUmbrella, a new site for home buyers and sellers that launches today in California, will not make many friends in the real estate brokerage industry, but it's not supposed to. At its Web site, the company states that brokers, Realtors and agents that\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"Real-Umbrella-logo","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2007\/09\/Real-Umbrella-logo.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14390,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14390\/what-might-have-happened-if-the-nar-had-not-caused-this-economic-downturn-we-dont-know-what-we-know-is-that-the-national-association-of-realtors-was-the-sine-qua-non-cause-of-the-great-recession\/","url_meta":{"origin":1837,"position":2},"title":"What might have happened if the NAR had not caused this economic downturn? We don’t know. What we know is that the National Association of Realtors was the sine qua non cause of the Great Recession.","author":"Greg Swann","date":"April 5, 2011","format":false,"excerpt":"This post is grown from a comment left by Brian Summerfield, editor of Realtor magazine. Before I begin, I want to commend Brian for daring to show up here to debate this topic. I think he's wrong, but the man has more guts than the people who pay him. Now\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"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":1837,"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":507,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/507\/arizona-economy-get-over-housing-bubble-economists-say-growth-remains-strong\/","url_meta":{"origin":1837,"position":4},"title":"Arizona economy: “Get over housing bubble, economists say, growth remains strong”","author":"Greg Swann","date":"October 4, 2006","format":false,"excerpt":"I won't have September's numbers until tomorrow, but the news is not good for bubbleheads -- which is to say that the news is not bad for everyone else. Meanwhile, there's this from The Business Journal of Phoenix:Some of Arizona's leading economists believe the housing slowdown is a short-lived bump\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":4510,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4510\/pressing-news-from-the-world-at-large-we-will-survive\/","url_meta":{"origin":1837,"position":5},"title":"Pressing news from the world at large: We will survive","author":"Greg Swann","date":"September 18, 2008","format":false,"excerpt":"One:If we go back to 20 percent down payments, the market will be more stable. I'm sure that in a free market we would see 20 percent down payments. Barney Frank is the only person I can think of who still wants to lend with little or no money down.\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1837","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1837"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1837\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}