{"id":2300,"date":"2007-12-02T00:14:01","date_gmt":"2007-12-02T07:14:01","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2300"},"modified":"2007-12-02T00:14:01","modified_gmt":"2007-12-02T07:14:01","slug":"lenders-lend-are-you-a-believer-yet-altered-circumstances-changes-behavior","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2300\/lenders-lend-are-you-a-believer-yet-altered-circumstances-changes-behavior\/","title":{"rendered":"Lenders Lend — Are You a Believer Yet? — Altered Circumstances Changes Behavior"},"content":{"rendered":"

What constitutes real knowledge? By real, I mean knowledge that is truth<\/em>, not logically provable<\/em> by means of rational<\/em> debate. <\/p>\n

If that sounds ambiguous, let me focus the picture a bit. <\/p>\n

After the 1927 real estate collapse, the infant Federal Reserve Board decided the best course of action was two-fold in nature. Constrict the money supply, and raise interest rates. <\/p>\n

They arrived at that strategy, one which in hindsight would seem to have caused<\/em> (or at least exacerbated), instead of avoided the Depression, by means of rational debate, logically put forward. We can assume they thought it was clearly the right thing to do. Put plainly — they weren’t trying<\/em> to cause the Depression.<\/p>\n

They were tragically incorrect. Their logic was akin to ‘proving’<\/em> the world is flat, which was rationally believed — and logically, God forbid, scientifically proved — for centuries. <\/p>\n

How might history have been altered, had the Feds flooded the banking system with cash while simultaneously slashing interest rates? Again, logic tells us they’d have more likely than not, avoided the Depression.<\/p>\n

In reality though — we don’t, rather we can’t know that<\/em>. We can convince ourselves by virtue of the last 80+ years of experience since then — but in the end, we just don’t know for sure. <\/p>\n

The Wall Street Journal is now reporting<\/a> the Treasury Department is in the late stages of negotiations with major lenders to avert next year’s tsunami of interest rate adjustments on over 2 million sub-prime loans. <\/p>\n

I’ve been telling anyone who’d listen, for over a year now, lenders were simply not gonna foreclose on hundreds of thousands of homes. The thought itself is ludicrous. The Wall Street gang(sters), better known as either Bears, or one-way @$%^&#’s, are gonna be beside themselves when this is announced. So many of them are invested in bad news — in the most literal sense. They need the economy to tank, at least a little. They’ve shorted everything but their four martini lunches. \ud83d\ude42 For many of them, good economic news is now bad. <\/p>\n

Many other Wall Streeters will be elated by this news. The Bulls Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

What constitutes real knowledge? By real, I mean knowledge that is truth, not logically provable by means of rational debate. If that sounds ambiguous, let me focus the picture a bit. After the 1927 real estate collapse, the infant Federal Reserve Board decided the best course of action was two-fold in nature. Constrict the money […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","_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":"","jetpack_post_was_ever_published":false},"categories":[26,5],"tags":[],"class_list":{"0":"post-2300","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-lending","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1509,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1509\/the-style-of-your-soul-the-fundamental-virtue-of-conscientious-real-estate-weblogging\/","url_meta":{"origin":2300,"position":0},"title":"The style of your soul: The fundamental virtue of conscientious real estate weblogging","author":"Greg Swann","date":"June 6, 2007","format":false,"excerpt":"\"If a writer wrote merely for his time, I would have to break my pen and throw it away.\" --Victor HugoThe Russell Shaw entry What's wrong with Zip Realty?, written in February, was the most clicked-upon post on BloodhoundBlog on Tuesday. Debunking Zillow.com, which was written last July and which\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":2345,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2345\/unchained-melodies-unchained-impulses\/","url_meta":{"origin":2300,"position":1},"title":"Unchained melodies: Unchained impulses","author":"Greg Swann","date":"December 8, 2007","format":false,"excerpt":"This one is from Brad Coy, who wanted to tip his hat to pseudonymous commenter Joe Strummer with a Joe Strummer cover of Bob Marley's Redemption Song. If I have a favorite Clash tune it's This is Radio Clash, simply because I like the idea of a pirate satellite. As\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":2181,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2181\/a-consumers-guide-to-the-divorced-real-estate-commission-will-the-negotiating-their-buyers-agents-compensation-make-buyers-more-practical\/","url_meta":{"origin":2300,"position":2},"title":"A consumer’s guide to the divorced real estate commission: Will the necessity of negotiating their buyer’s agent’s compensation make buyers more practical?","author":"Greg Swann","date":"November 8, 2007","format":false,"excerpt":"Part II: How buyers can finally take a seat at the grown-up's table When a potential home-seller calls me to set up a listing appointment, very often the first question I will hear is, \"How much do you charge?\" A motivated seller is done with the house, and now all\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":2511,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2511\/real-estate-weblogging-101-wringing-actual-commerce-out-of-your-commercial-weblog\/","url_meta":{"origin":2300,"position":3},"title":"Real Estate Weblogging 101: Wringing actual commerce out of your commercial weblog","author":"Greg Swann","date":"January 18, 2008","format":false,"excerpt":"I'm engaged in a debate with Dustin Luther at his place, but the issues are important enough that I want to highlight some of my remarks here. The meta-issue: Is linking back and forth among real estate weblogs an effective marketing strategy for a consumer-focused, client-seeking real estate weblog, or\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":1948,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1948\/no-committee-will-ever-make-the-cluetrain-run-on-time\/","url_meta":{"origin":2300,"position":4},"title":"No committee will ever make the Cluetrain run on time","author":"Greg Swann","date":"September 18, 2007","format":false,"excerpt":"Proposition 1: Groups, clubs, committees and professional associations would make better decisions if their smarter, more passionate members were to get involved. Proposition 2: Central banking would work if only Alan Greenspan had a smarter brother. Proposition 3: True Communism has never been tried.I don't consider these statements equivalent, but\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":542,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/542\/when-real-estate-brokers-face-a-substantial-cost-for-head-count-only-the-most-profitable-heads-will-survive-unsevered\/","url_meta":{"origin":2300,"position":5},"title":"When real estate brokers face a substantial cost for head-count, only the most profitable heads will survive unsevered . . .","author":"Greg Swann","date":"October 15, 2006","format":false,"excerpt":"Mark Nadel\u2019s white paper on real estate commissions is very thoroughgoing, rich in detail and a rational understanding of human motivation -- without slipping over to the hyperbole that afflicts much criticism of the residential real estate industry. But Nadel is an outsider, so, while his diagnosis of what ails\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\/2300","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=2300"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2300\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=2300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=2300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=2300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}