{"id":3766,"date":"2008-08-05T09:30:42","date_gmt":"2008-08-05T16:30:42","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=3766"},"modified":"2008-08-05T09:30:42","modified_gmt":"2008-08-05T16:30:42","slug":"more-baseball-stuff-steroids-subprime","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3766\/more-baseball-stuff-steroids-subprime\/","title":{"rendered":"More Baseball Stuff: Steroids & Subprime."},"content":{"rendered":"

\"image\"<\/a> <\/p>\n

In 2003-05, we had the boom.   We all know that now, and it basically is what it is.   The picture links to the (in)famous TIME magazine cover story \u201cHome Sweet Home,\u201d where the \u2018boom was on,\u2019 and the whole of the market was talked about.   There was a little bit of a caveat in that piece but not much.  The message was: thank God for Housing, because without it, the Bush recession would be a reality.   Lenders, Lend, Realtors Sell, and everyone take advantage and drink from the neverending fountain of wealth.<\/p>\n

The bubbletalk had been swept under the rug, and we ALL were selling and we ALL were happy about some good news to take place of the dot com bear market that we\u2019d experienced.   We had a sacred duty to produce and keep spending, and encourage everyone to do the same thing.  We were honored as post 9\/11 patriots.  .  Everyone loves a winner, and this industry was winning.   Nevermind the fact that anyone who took up space could get a great rate on their mortgage\u2014Realtors were actually gaining in esteem.<\/p>\n

The 100% investment loan was available to anyone with a 620 credit score.  And Barry Bonds hit 73 home runs.<\/p>\n

Everyone looked the other way and pretended the future wasn\u2019t coming.<\/strong>  <\/p>\n

\"image\"<\/a>We\u2019ve talked a little about baseball lately,<\/a> let\u2019s turn the WayBack Machine to 1998.  Remember when Barry, Sammy and Mark were heroes?   Mark and Sammy saved us all<\/em> from the strike, and made baseball fun again.   We got to watch everyone send 500 foot moonshots off of expansion diluted middle relief pitching, and it was good.<\/p>\n

The thrill of that summer is still unforgettable, when BOTH Sammy and Mark broke Marris\u2019s longstanding record and were briefly tied with 62 home runs, we were all enthralled.  The very Ruthian nature of their achievement made it a joy to resume our love affair with baseball.  Mark and Sammy hit 70 and 66 home runs that year.  Ken Griffey Junior\u2019s 56 was an afterthought.  <\/em> <\/p>\n

Ten years ago, these achievements Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In 2003-05, we had the boom.   We all know that now, and it basically is what it is.   The picture links to the (in)famous TIME magazine cover story \u201cHome Sweet Home,\u201d where the \u2018boom was on,\u2019 and the whole of the market was talked about.   There was a little bit of a caveat in that […]<\/p>\n","protected":false},"author":39,"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":[3,62,7],"tags":[],"class_list":{"0":"post-3766","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-dirty-laundry","8":"category-enduring-interest","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":18710,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18710\/2023-housing-bubble-or-2024-real-estate-boom\/","url_meta":{"origin":3766,"position":0},"title":"2023 Housing Bubble or 2024 Real Estate Boom?","author":"Brian Brady","date":"May 15, 2022","format":false,"excerpt":"Zillow \"creates\" digital home valuations and The Fed \"creates\" digital currency so it's not like we are dealing with credible institutions BUT: The Dallas Fed is worried that housing is overvalued. Our evidence points to abnormal U.S. housing market behavior for the first time since the boom of the early\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":2505,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2505\/while-rates-are-low-schedule-your-purchase-closing-at-least-45-days-out\/","url_meta":{"origin":3766,"position":1},"title":"While Rates Are Low, Schedule Your Purchase Closing At Least 45 Days Out","author":"Dan Green","date":"January 16, 2008","format":false,"excerpt":"Because of negative sentiment about the economy, we're in the middle of the first remortgage boom of 2008. There may be others, or this one may last a while. It's been a few years since mortgage rates fell so far, so fast. It's like a Sid Fernandez curveball. If your\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":18505,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18505\/overnight-news-whats-an-even-better-joke-than-electric-cars-silent-motorcycles\/","url_meta":{"origin":3766,"position":2},"title":"Overnight News: What\u2019s an even better joke than electric cars? Silent motorcycles!","author":"Greg Swann","date":"September 27, 2021","format":false,"excerpt":"John Hinderaker asks if electric cars are a joke, but I can think of something even funnier: Electric motorcycles. Scooters, Vespas, mo-peds \u2013 battery up; no one cares, least of all fertile women. But the purpose of a motorcycle is to be showy and obnoxious \u2013 to be showy by\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":156,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/156\/i-feel-like-the-dr-phil-of-real-estate\/","url_meta":{"origin":3766,"position":3},"title":"“I feel like the Dr. Phil of real estate . . . “","author":"Greg Swann","date":"July 30, 2006","format":false,"excerpt":"Glen Creno of the Arizona Republic catches sight of The Mole:That's especially true these days in metropolitan Phoenix's post-boom housing market, where nearly everything has reversed since last year's frenzy. The number of homes for sale on the Arizona Regional Multiple Listing Service increased nearly four times from June 2005\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":1063,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1063\/california-is-still-the-golden-state\/","url_meta":{"origin":3766,"position":4},"title":"California is Still The Golden State","author":"Brian Brady","date":"February 21, 2007","format":false,"excerpt":"Everyone loves to point to California as the prime example of the excessive greed of the recent real estate boom. Media, bubble bloggers, and pundits predict that California will plummet to new lows and bring on a lengthy recession akin to the Great Depression. Even home-grown and respected PIMCO of\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":1162,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1162\/health-wealth-population-the-internet-and-more-wealth-these-folks-are-going-to-need-a-place-to-live\/","url_meta":{"origin":3766,"position":5},"title":"Health, wealth, population, the internet — and more wealth: These folks are going to need a place to live . . .","author":"Greg Swann","date":"March 17, 2007","format":false,"excerpt":"During the boom, I wondered if the results we were seeing might have been fed by a reinterpretation of tax laws -- deductibility of leveraged interest, the owner-occupant capital gains exclusion, the IRS Section 1031 tax-deferred exchange, accelerated depreciation of real estate related chattel assets, etc. In other words, were\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\/3766","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=3766"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3766\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=3766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=3766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=3766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}