{"id":1938,"date":"2007-09-19T20:55:22","date_gmt":"2007-09-20T03:55:22","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1938"},"modified":"2007-09-19T17:47:47","modified_gmt":"2007-09-20T00:47:47","slug":"are-you-better-off-now-than-you-were-four-years-ago","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1938\/are-you-better-off-now-than-you-were-four-years-ago\/","title":{"rendered":"Are You Better Off Now Than You Were Four Years Ago?"},"content":{"rendered":"

Ronald Reagan asked us that question<\/a> in the 1980 Presidential debate. The obvious answer, in 1980, was NO.<\/p>\n

Are we better off now, in the real estate markets, than we were four years ago? I think the obvious answer is YES. Now, bubble bloggers and end of the world prognosticators will most likely throw out graphs, cite the reasons for a depression, and suggest that Greenspan created an artificial bubble.<\/p>\n

The problem with bloggers is that we have a short-term memory. We should; we’re rewarded for doing just that. Let me give you an example: I tripled my page views by covering the Countrywide Financial crisis on my home weblog.<\/a> If I want more traffic, all I have to do is research the referring search terms and tailor my new content to those interests. The result? An exponential climb in page views.<\/p>\n

Bloggers are rewarded for living in the moment not for seeking the truth (or a deeper understanding of it).<\/p>\n

How different is your net worth today from 2005?<\/strong> Well, if you’re in San Clemente, CA, Goodyear, AZ, Naples, FL, or Henderson, NV, it’s probably down. These four areas have been brutally hammered with foreclosures while the rest of the country has been riding out this slowdown<\/a>. And that makes good headlines fodder for the mainstream media and good page view bait for the real estate weblogger.<\/p>\n

How different is your net worth in the aforementioned cities if you bought, say, four years ago<\/strong>– in 2003? It’s pretty darned good ! In 2003, a home in Goodyear, AZ could be had for about $200,000. That home may have risen to a peak of $325,000 in 2005. It may have retreated to $275,000 today. Let’s say it drops to $240,000 in two years. A 20% down payment (of $40,000) would have doubled in value in a six year period. The debt service could be written off to rent collected or opportunity cost (rent that would have been paid). The resulting return on equity, for that Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ronald Reagan asked us that question in the 1980 Presidential debate. The obvious answer, in 1980, was NO. Are we better off now, in the real estate markets, than we were four years ago? I think the obvious answer is YES. Now, bubble bloggers and end of the world prognosticators will most likely throw out […]<\/p>\n","protected":false},"author":15,"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":[8,5],"tags":[],"class_list":{"0":"post-1938","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":91,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/91\/something-to-bubble-about-bubble-bloggers-bloviations-hiss-to-a-blessed-if-temporary-silence\/","url_meta":{"origin":1938,"position":0},"title":"Something to bubble about: Bubble blogger’s bloviations hiss to a blessed, if temporary, silence…","author":"Greg Swann","date":"July 16, 2006","format":false,"excerpt":"This nests pretty deep, so hang on tight. First, SFHomeBlog.com cites The Walkthrough weblog at the New York Times, which in turn quotes a letter received from the The Marlin Real Estate Bubble weblog. Here is the letter:I've lost my faith, at least for Marin County. Despite all reason and\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12039,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12039\/the-next-bubble-to-burst-government\/","url_meta":{"origin":1938,"position":1},"title":"The Next bubble to burst: Government!","author":"Al Lorenz","date":"May 21, 2010","format":false,"excerpt":"I've been a bit slow on this one.\u00a0 I have been wondering what sector of the economy was going to over inflate and burst next.\u00a0 The answer has been right in front of me the whole time but the reason I did not see it very clearly is because I\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":2087,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2087\/socratic-dialogue-deductive-reasoning-bhb-and-the-state-of-real-estate\/","url_meta":{"origin":1938,"position":2},"title":"Socratic Dialogue, Deductive Reasoning, BHB and the State of Real Estate.","author":"Jeff Kempe","date":"October 24, 2007","format":false,"excerpt":"[I was just finishing this up when I read Greg\u2019s terrific post.\u00a0 Timing in life and all that\u2026] My first jaunt into online polemics was in the early nineties, the topic animal rights.\u00a0 The Animal Liberation Front was active in the Northwest \u2013 burning fur farms and research labs to\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":449,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/449\/blogoff-post-72-weblog-review-the-real-estate-bloggers\/","url_meta":{"origin":1938,"position":3},"title":"Blogoff Post #72: Weblog Review: The Real Estate Bloggers . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"I had a tough time wrapping my head around The Real Estate Bloggers weblog at first. It's not an agent site. Not a vendor site. Not a lender or appraisal site. Not a bubble blog or a splog. What the heck is it? What it will be if it's not\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":317,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/317\/nine-911-links\/","url_meta":{"origin":1938,"position":4},"title":"Nine 9\/11 links . . .","author":"Greg Swann","date":"September 11, 2006","format":false,"excerpt":"Gaping void: Douglas Heddings at True Gotham isn't writing about real estate today, and I understand and respect his reasons. It's business as usual here today, but also for a 9\/11 reason. I didn't show for 29 days in a row after the attacks. You could say it's a testament\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1535,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1535\/we-finally-made-the-paper-oh-wait-we-didnt\/","url_meta":{"origin":1938,"position":5},"title":"We finally made the paper! Oh, wait, we didn’t . . .","author":"Greg Swann","date":"June 13, 2007","format":false,"excerpt":"I have a pretty much boundless contempt for the Arizona Republic. The paper's real estate coverage is eclipsed in its stupidity only by its insipidity. There is no conceivable issue upon which ASU's Jay Butler is not the absolute authority, and there is never an occasion when the news, no\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1938","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\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1938"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1938\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}