{"id":39,"date":"2006-01-09T07:09:00","date_gmt":"2006-01-09T14:09:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=39"},"modified":"2006-01-09T07:09:00","modified_gmt":"2006-01-09T14:09:00","slug":"why-the-sky-doesnt-fall-despite-the-constant-warnings","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/39\/why-the-sky-doesnt-fall-despite-the-constant-warnings\/","title":{"rendered":"Why the sky doesn’t fall, despite the constant warnings"},"content":{"rendered":"

Here’s a step-by-step instruction manual in writing a sky-is-falling ‘news’ story: First, find some seemingly scary datum. Second, extrapolate the trend to absurdity without ever once cracking a smile. Like this:<\/p>\n

If present trends continue, the price of gasoline may someday hit $50 a gallon. The average worker could spend as much as 36 hours of his 40-hour work week to buy a tank of gas.<\/p><\/blockquote>\n

If you stipulate the premise, “if present trends continue,” the rest follows logically enough. The trouble is, present trends will not<\/i> continue. The free market is dynamic, and no commodity is valuable irrespective<\/i> of its relative cost. If we anticipate a steady increase in transportation costs (and the experience of history is all the other way, despite the nonsense you read in the newspapers), then we should also anticipate a decrease in the amount of transportation. This is already happening, not because of gasoline prices but because of time lost to commuting and convenience gained by working from home. From the Las Vegas Review-Journal<\/a>:<\/p>\n

As attendees at last week’s Consumer Electronics Show perused gadgets that could enhance their leisure time, their bosses were plotting to get them out of the office for good.<\/p>\n

Members of a panel that delved into the world of technologies for home use said businesses are increasingly eyeing products that will enable employees to telecommute, or work from home.<\/p>\n

“We’re seeing a huge trend in the business world to move consumers away from commutes,” said Alexander Ramia, director of product development for Innofone, an Internet consulting company in Santa Monica, Calif. “The person working at home doesn’t know when to quit, so companies get more work out of them, and time spent in cars commuting is lost productivity.”<\/p><\/blockquote>\n

The point applies to any economic good – most especially real estate – provided it is not monopolized by government. If people are free to choose among alternatives, and if vendors are free to provide those alternatives, buyers and sellers will arrive on their own at a mutually-satisfactory meeting-of-the-minds. This only happens millions of times a day, so it’s perfectly understandable that Chicken Little would fail to notice…<\/p>\n","protected":false},"excerpt":{"rendered":"

Here’s a step-by-step instruction manual in writing a sky-is-falling ‘news’ story: First, find some seemingly scary datum. Second, extrapolate the trend to absurdity without ever once cracking a smile. Like this: If present trends continue, the price of gasoline may someday hit $50 a gallon. The average worker could spend as much as 36 hours […]<\/p>\n","protected":false},"author":2,"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],"tags":[],"class_list":{"0":"post-39","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-general","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":26,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/26\/cloud-mining-the-news\/","url_meta":{"origin":39,"position":0},"title":"Cloud-mining the news…","author":"Odysseus","date":"December 13, 2005","format":false,"excerpt":"The Business Journal of Phoenix is first with the news of November's overall appreciation numbers:[T]he median home price is back on the rise. After a decline in October to $259,900, the price returned to the record level of $263,000 set in September.The Business Journal is a boring old just-the-facts kind\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/27\/ho-hum-sky-doesnt-fall-after-all\/","url_meta":{"origin":39,"position":1},"title":"Ho-hum: Sky doesn’t fall after all","author":"Odysseus","date":"December 14, 2005","format":false,"excerpt":"Despite my expecations, the news is no-news in the Republic:Metropolitan Phoenix's resale housing market slowed to a more sedate pace in November, although the price for a typical house bounced a few thousand dollars higher.This is pretty underwhelming considering all the hysterical build-up, but at least we don't have sob\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16\/digging-for-the-news-on-interest-rates\/","url_meta":{"origin":39,"position":2},"title":"Digging for the news on interest rates","author":"Odysseus","date":"November 24, 2005","format":false,"excerpt":"Note this from the Arizona Republic:Mortgage rates around the country, which have been trending upward, dropped this week, offering a dose of good news for prospective home buyers. Mortgage giant Freddie Mac reported Wednesday in its weekly survey that rates on 30-year, fixed-rate mortgages averaged 6.28 percent. That's down sharply\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13829,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13829\/want-unvarnished-truth-see-who-you-are-through-the-telescope-of-decades\/","url_meta":{"origin":39,"position":3},"title":"Want Unvarnished Truth? See Who You Are Through The Telescope Of Decades","author":"Jeff Brown","date":"December 22, 2010","format":false,"excerpt":"I bet you look back at the end of each year to review, tally wins\/losses, etc., measuring results vs first of the year expectations. That's no doubt a universal experience. Did we lose the weight? Do the business? Learn the new language? Master that new skill? Become a better whatever?\u2026","rel":"","context":"In "Enduring Interest"","block_context":{"text":"Enduring Interest","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/enduring-interest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1645,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1645\/a-real-estate-recovery-in-early-2008-dont-be-so-sure\/","url_meta":{"origin":39,"position":4},"title":"A Real Estate Recovery in Early 2008, Don’t Be So Sure…","author":"Cooksquared","date":"July 10, 2007","format":false,"excerpt":"Chicken Little made the famous quote, \"The sky is falling, the sky is falling.\" Would he have been more believable if he had said the sky is falling, but I expect it to ease down slowly and rebound early in 2008? This is exactly what many real estate professionals have\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2994,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2994\/calling-all-women\/","url_meta":{"origin":39,"position":5},"title":"Calling All Women","author":"Dave Phillips","date":"April 20, 2008","format":false,"excerpt":"Teri\u2019s latest post on BHB sparked a thought for me. She mentioned that BHB was not really a friendly place for women, but she plays with the boys anyway. As someone who has 3 daughters and works in an office full of women, I was taken aback by Teri\u2019s comment.\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"women lifting","src":"https:\/\/i0.wp.com\/static.howstuffworks.com\/gif\/weight-lifting-for-women-115.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/39","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=39"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/39\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=39"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=39"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}