{"id":44,"date":"2006-01-15T06:42:00","date_gmt":"2006-01-15T13:42:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=44"},"modified":"2006-01-15T06:42:00","modified_gmt":"2006-01-15T13:42:00","slug":"how-to-profit-by-bad-examples","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/44\/how-to-profit-by-bad-examples\/","title":{"rendered":"How to profit by bad examples…"},"content":{"rendered":"

If you want some really bad real estate advice, look no further than The Arizona Republic<\/a>. Somehow or another, reporter Judy Nichols found three people who suffer from the notion that renting is better than owning their own homes in high-appreciation neighborhoods. Only two actually pulled the trigger and sold their homes, but, as every newspaper reader knows, three random anecdotes are no mere phenomenon but a certifiable trend.<\/i><\/p>\n

Witness:<\/p>\n

Kurt Nishimura is taking a calculated ride on Arizona’s real estate wave. He sold his home in the Willo neighborhood, believing its value has topped out, and is renting an apartment in the Arcadia area for a year, hoping to buy something after the wave has crested.<\/p><\/blockquote>\n

The Willo is the most popular of the historic districts downtown. Well-restored Willo homes are avidly sought. People cruise the streets slowly, watching for real estate signs to be posted so they can get their bids in first. I am not making this up.<\/p>\n

The rate of appreciation in the Willo consistently eclipses the baseline appreciation rate for the Valley. It’s not hard to understand why: The supply is fixed and finite and the demand is unlimited. The rest of Mr. Nishimura strategy is also daft, but selling a home in the Willo because he expects its value to go down<\/i> is particularly addle-pated.<\/p>\n

But how about Tom Connelly, “president and chief investment officer for Versant Capital Management”? He “recently sold his house near a mountain preserve in Paradise Valley and is renting an apartment near 24th Street and Camelback Road.” What was he thinking?<\/i> This again is a house that will consistently beat the market. Connelly has a strategy, though. Unfortunately, it’s based on securities trading, rather than real estate: “I think that in 12 to 36 months things will go down, way down.”<\/p>\n

Wanna bet?<\/p>\n

Gene Cohen wanted to make the same dumb mistake, but in the end he was just too complacent. He’s hanging onto his Willo home for all the wrong reasons. In due course, he will celebrate his inertia.<\/p>\n

There is another article in today’s Republic<\/a> asserting that 20% of Americans think the only way they Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If you want some really bad real estate advice, look no further than The Arizona Republic. Somehow or another, reporter Judy Nichols found three people who suffer from the notion that renting is better than owning their own homes in high-appreciation neighborhoods. Only two actually pulled the trigger and sold their homes, but, as every […]<\/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-44","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":82,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/82\/why-stop-at-recycling-the-newsprint\/","url_meta":{"origin":44,"position":0},"title":"Why stop at recycling the newsprint?","author":"Greg Swann","date":"July 11, 2006","format":false,"excerpt":"It's deja vu all over again at the Arizona Republic. Magazine names Willo district one of top cottage communities it says in Wednesday's paper:They're busting their buttons in the downtown Phoenix neighborhood of Willo. Cottage Living magazine has named the historic district as one of the \"Top 10 Cottage Communities\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"http:\/\/www.assoc-amazon.com\/e\/ir?t=gregswann-20&l=as2&o=1&a=B000EGCIXC","width":350,"height":200},"classes":[]},{"id":700,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/700\/the-historical-preservation-movement-deploys-a-veiled-theivery-to-create-compulsory-museums\/","url_meta":{"origin":44,"position":1},"title":"The historical preservation movement deploys a veiled theivery to create compulsory museums","author":"Cathleen Collins","date":"November 27, 2006","format":false,"excerpt":"Richard Riccelli asksHistoric districts: Good for buyers? Sellers? Realtors? This guy??I say: depends on what the buyer wants; maybe but maybe not; neutral; that guy was robbed! Buyers of any property, real or personal, get to celebrate their own personal tastes by buying what they like and can afford. So\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":1190,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1190\/neighborhood-level-real-estate-weblogging-traffic-is-not-about-traffic-traffic-is-about-conversions\/","url_meta":{"origin":44,"position":2},"title":"Neighborhood-level real estate weblogging: Traffic is not about traffic, traffic is about conversions","author":"Greg Swann","date":"March 22, 2007","format":false,"excerpt":"I'm quoting from comments to BloodhoundBlog posts, so I'm not going to show the links. Brian Brady to Teri Lussier: \"Soon she'll be winning carnivals.\" Not to put any pressure on the girl, but I think this is a fine idea. Won't win us the contest, but 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":10375,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10375\/dominating-websearch-with-focus\/","url_meta":{"origin":44,"position":3},"title":"Dominating Websearch with Focus","author":"Damon Chetson","date":"November 22, 2009","format":false,"excerpt":"One of the things I picked up from reading Greg's blog was his desire to dominate the real estate market not in Phoenix, but in particular neighborhoods. Chris Gilgian's, a 1950s development where I used to live,\u00a0 the Willo Historic District, and other neighborhoods in downtown Phoenix.\u00a0 As a criminal\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":639,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/639\/realty-reality-how-jake-jurij-and-tatiana-pawlenko-wove-their-way-into-our-hearts\/","url_meta":{"origin":44,"position":4},"title":"Realty Reality: How Jake, Jurij and Tatiana Pawlenko wove their way into our hearts . . .","author":"Greg Swann","date":"November 14, 2006","format":false,"excerpt":"This is a shaggy dog story... It begins with Jake, the world's most playful Yellow Labrador Retriever, and Jake is a thread running all through this tapestry. And that's the way to think of it -- as a tapestry. 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