{"id":2397,"date":"2007-12-19T23:30:20","date_gmt":"2007-12-20T06:30:20","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2397"},"modified":"2007-12-19T23:30:20","modified_gmt":"2007-12-20T06:30:20","slug":"shift-happens","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2397\/shift-happens\/","title":{"rendered":"Shift Happens"},"content":{"rendered":"

First off, I am feeling a little guilty for not being able to keep up with Greg\u2019s writing production, or Geno\u2019s proclivity for the English language (I am, but a young \u201cpadawan\u201d in master Yoda\u2019s presence). That being said, we all have bills to pay and I have been painfully buried in required due diligence that a new listing demands in the midst of the end of the year holiday rush. I know I\u2019m considered the commercial specialist in this forum and may have not been pulling my weight around here as far as my production is concerned, but it has become apparent (at least to me) that the recent slowdown in housing shall inevitably be felt by those businesses (and properties associated with those businesses) most closely tied to the residential markets, especially in the hardest hit residential areas, as referenced in today\u2019s \u201ctown hall meeting<\/a>\u201d with Treasury Secretary Paulson and the Governator in Sacramento:\"Town<\/p>\n

At a town hall-style event in Van Buskirk Community Center here, Paulson and Gov. Arnold Schwarzenegger spent more than an hour listening as local officials, loan counselors, community members and borrowers described the troubles they were having getting help from their lenders.<\/p>\n

“Unfortunately, there (are) all too many stories like yours in the country,” Paulson told one borrower who said she could no longer refinance her home and would almost certainly lose it. “This is why we’re trying to find solutions.”<\/p><\/blockquote>\n

What most of us know (but secretly sweep under the rugs in of our minds) is that there is a \u201cspill over<\/a>\u201d effect from residential to commercial that we hope doesn\u2019t affect our own checking accounts. We\u2019re use to hearing the obvious verification of current events:<\/p>\n

That plan came just weeks after Schwarzenegger announced a similar agreement with four lenders he said represented 25 percent of California’s subprime loans. On Tuesday, the governor said three more lenders have joined the voluntary pact, covering about one-third of the state’s most troubled loans.<\/p>\n

California is home to the nation’s largest numbers of foreclosures \u2013 more than 52,000 so far this year, according to DataQuick.<\/p>\n

Paulson promised to investigate the claim of Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

First off, I am feeling a little guilty for not being able to keep up with Greg\u2019s writing production, or Geno\u2019s proclivity for the English language (I am, but a young \u201cpadawan\u201d in master Yoda\u2019s presence). That being said, we all have bills to pay and I have been painfully buried in required due diligence […]<\/p>\n","protected":false},"author":25,"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":[2,8,5],"tags":[],"class_list":{"0":"post-2397","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-general","7":"category-investment","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2008,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2008\/technology%e2%80%a6-a-terrible-thing-to-waste\/","url_meta":{"origin":2397,"position":0},"title":"Technology\u2026 A Terrible Thing To Waste","author":"Sean M. Broderick, CCIM","date":"October 6, 2007","format":false,"excerpt":"Hopefully as a new contributor to the forum I will be able to provide some insight on the commercial side of the business. Without going into the history of the Site To Do Business and its involvement with the CCIM Institute (I\u2019ll save that one for a later date), I\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":18081,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18081\/overnight-news-last-year-the-riotscore-this-year-the-chaosscore\/","url_meta":{"origin":2397,"position":1},"title":"Overnight News: Last year: The RiotScore\u2122. This year: The ChaosScore\u2122.","author":"Greg Swann","date":"April 26, 2021","format":false,"excerpt":"As we talked about last year, the likelihood of rioting in any particular urban environment is broadly predictable by what I jokingly called a RiotScore\u2122. The best tell is the Chief of Police, but by now we all know many ways of predicting where and why riots will occur. A\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17180,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17180\/husbandry-is-stewardship-first-are-there-no-more-good-stewards-in-americas-economy\/","url_meta":{"origin":2397,"position":2},"title":"Husbandry is stewardship first. Are there no more good stewards in America\u2019s economy?","author":"Greg Swann","date":"September 28, 2020","format":false,"excerpt":"\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 in espa\u00f1ol for that reason \u2013 bienes raices, rooted things. So many\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/markus-spiske-2XZ-tIRRt04-unsplash-480x320.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18146,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18146\/overnight-news-what-does-exclusive-mean-it-means-make-your-own-rain-cowbird\/","url_meta":{"origin":2397,"position":3},"title":"Overnight News: \u201cWhat does \u2018exclusive\u2019 mean?\u201d It means make your own rain,\u00a0cowbird!","author":"Greg Swann","date":"May 16, 2021","format":false,"excerpt":"MLS fights are always about Residential listings. Nobody is claiming to have lost sleep (or money or jobs or opportunities) over Land and Lots or Multi-Family or BizOps. No one at Redfin is tasked with tracking underperformance by Patagonian buyers competing for Industrial properties. You might from this conclude that\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9255,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9255\/all-is-well-a-tin-foil-hat-production\/","url_meta":{"origin":2397,"position":4},"title":"All is Well… (A Tin Foil Hat Production)","author":"Sean Purcell","date":"July 21, 2009","format":false,"excerpt":"Quick check on the current status: The CBO came out with a non-partisan report showing that Health Care Reform, as it stands now, will not only fail in its main purpose of lowering health care costs - but will actually raise costs by over $1 trillion!\u00a0 Senators from both sides\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Paranoia... done with style.","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2009\/07\/tin-foil-hat-teri.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1775,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1775\/the-national-association-of-realtors-is-simply-outrageous\/","url_meta":{"origin":2397,"position":5},"title":"The National Association of Realtors is Simply Outrageous","author":"Cooksquared","date":"August 8, 2007","format":false,"excerpt":"This title truly comes from the heart. Reading the Wall Street Journal today, I stumbled across the latest report from the lead economist at the National Association of Realtors. In the face of overwhelming negative information and despite their own lowered forecasts, Mr. Lawrence Yun states, Existing-home sales should be\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2397","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\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=2397"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2397\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=2397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=2397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=2397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}