{"id":1887,"date":"2007-09-03T12:52:52","date_gmt":"2007-09-03T19:52:52","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1887"},"modified":"2007-09-03T12:54:36","modified_gmt":"2007-09-03T19:54:36","slug":"the-odysseus-medal-government-was-never-intended-to-bail-out-corporations","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1887\/the-odysseus-medal-government-was-never-intended-to-bail-out-corporations\/","title":{"rendered":"The Odysseus Medal: “Government was never intended to bail out corporations”"},"content":{"rendered":"

I was at a party Saturday night, and everyone kept telling that it’s a great time to buy. I’ve been showing all weekend, so, who knows?, maybe it’s true. In any case, I’m short on minutes, so we’ll do this week’s awards on horseback.<\/p>\n

The Minnesota Association of Realtors has a peculiar talent for inviting scorn and ridicule. This year’s fun-fest, the winner of our People’s Choice Award, was kicked off by Teresa Boardman, with Has MAR forgotten who pays the bills?<\/a><\/p>\n

I would love it if half of the agents in the twin cities quit. That would mean more money and more business for me. It just doesn’t work that way and it never will. When it gets easy everyone wants to do it, and they do. When the going gets rough they quit. <\/p>\n

Glen, your letter is just another example of how an industry in turmoil has started eating it’s young to protect old business models instead of innovating to better serve the consumer. Real estate is a self eliminating market driven profession. It works on the principals of supply and demand, as does the housing market.  When agents can’t make ends meet they will seek employment outside the industry and maybe they will sell a few homes too. We call our economic system capitalism and I just love the almost endless opportunities the system brings. Anyone can start their own business, how cool is that? <\/p>\n

You don’t get to decide who will stay and who will go based on earnings and years in the business. Each of us will make that decision on our own.<\/p><\/blockquote>\n

The Black Pearl Award this week goes to Morgan Brown’s Taking advantage of convertible home equity lines of credit<\/a>, which teaches us how to encumber a Jumbo-priced property without a Jumbo loan:<\/p>\n

Instead of taking the whole loan balance as a 1st position HELOC, take a conforming 1st mortgage up to $417,000 and then take the remaining as a convertible HELOC. Once you sign the loan documents you can convert the HELOC to a fixed rate and achieve a blended interest rate (the effective interest rate of Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

I was at a party Saturday night, and everyone kept telling that it’s a great time to buy. I’ve been showing all weekend, so, who knows?, maybe it’s true. In any case, I’m short on minutes, so we’ll do this week’s awards on horseback. The Minnesota Association of Realtors has a peculiar talent for inviting […]<\/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":[21,3,6,5,23],"tags":[],"class_list":{"0":"post-1887","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blog-carnivals","7":"category-blogging","8":"category-marketing","9":"category-real-estate","10":"category-the-odysseus-medal","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1963,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1963\/voting-for-the-people-choice-award-the-long-and-short-of-short-listing-odysseus-medal-nominations\/","url_meta":{"origin":1887,"position":0},"title":"Voting for The People Choice Award: The long and short of short-listing Odysseus Medal nominations","author":"Greg Swann","date":"September 23, 2007","format":false,"excerpt":"Week by week, I'm seeing more and more great Odysseus Medal nominations. To get to a short-list of twenty posts -- which still may be too long -- I'm having to cut some very good weblog entries. In consequence, this week I'm showing the rest of the long-list as well\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2159,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2159\/the-odysseus-medal-competition-doesnt-change-its-clocks-but-virtually-everyone-else-does-nomination-deadline-is-12-noon-mst\/","url_meta":{"origin":1887,"position":1},"title":"The Odysseus Medal competition doesn’t change its clocks, but virtually everyone else does: Nomination deadline is 12 Noon MST","author":"Greg Swann","date":"November 4, 2007","format":false,"excerpt":"Cut-off is today at 12 Noon MST, which means that folks on the left coast, particularly, need to adjust their thinking. In any case, if you know of something that reeks of pith (does that sound right?), your own work or someone else's, nominate it now before you have to\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2073,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2073\/the-odysseus-medal-competition-voting-for-the-peoples-choice-award-is-open-3\/","url_meta":{"origin":1887,"position":2},"title":"The Odysseus Medal competition — Voting for the People’s Choice Award is open","author":"Greg Swann","date":"October 21, 2007","format":false,"excerpt":"A dozen nominees again. It's a workable number, and it gets us down to nothing but very serious posts. There are three from BloodhoundBlog here, but there's nothing for it. Two of the three dominated the debate this week. If anything, I'm less fair to our contributors in the final\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2651,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2651\/the-odysseus-medal-competition-voting-for-the-peoples-choice-award-is-open-21\/","url_meta":{"origin":1887,"position":3},"title":"The Odysseus Medal competition — Voting for the People’s Choice Award is open","author":"Greg Swann","date":"February 24, 2008","format":false,"excerpt":"We have 16 entries on the short list this week, out of an astoundingly long long list of 104 posts. I've already decided on the winner of the Odysseus Medal, so I'm not linking that way. Instead, this week I'm showing nothing but Black Pearls, practical hard-headed ideas for working\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2385,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2385\/the-odysseus-medal-art-and-omission-when-in-doubt-leave-it-out\/","url_meta":{"origin":1887,"position":4},"title":"The Odysseus Medal: Art and omission — when in doubt, leave it out","author":"Greg Swann","date":"December 17, 2007","format":false,"excerpt":"I have a long-time investor client -- he happens to be in town right now -- who delivers his most effusive praise by exclaiming, \"Outstanding!\" I think this is a valuable exhortation of a valuable idea: It denotes appropriate enthusiasm for the most profound kind of excellence. When I selected\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2494,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2494\/the-odysseus-medal-competition-voting-for-the-peoples-choice-award-is-open-15\/","url_meta":{"origin":1887,"position":5},"title":"The Odysseus Medal competition — Voting for the People’s Choice Award is open","author":"Greg Swann","date":"January 13, 2008","format":false,"excerpt":"A total of 17 entries on the short list this week, out of a long list of 75 posts. Vote for the People's Choice Award here. You can use the voting interface to see each nominated post, so comparison is easy. Ahem: Please don't spam all your friends to come\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1887","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=1887"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1887\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}