{"id":5017,"date":"2008-10-16T12:05:17","date_gmt":"2008-10-16T19:05:17","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=5017"},"modified":"2008-10-16T19:48:47","modified_gmt":"2008-10-17T02:48:47","slug":"point-counter-point","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5017\/point-counter-point\/","title":{"rendered":"Point \/ Counter-Point"},"content":{"rendered":"

Michael Cook wrote a thought provoking post earlier entitled What Happens to the Early Worm<\/a>.\u00a0 So thought provoking that I found my comments drifting to post length.\u00a0 So how about a little point\/counter-point?<\/p>\n

Michael, a very detailed and thoughtful post. I would not disagree with you that cautiousness is a safe strategy (although not always a profitable one) and I certainly do not disagree with your assessment of the people here on BHB.\u00a0 But I do have some other questions:<\/p>\n

The income \/ price equation did not get out of whack overnight, so buyers and sellers should not expect it to correct itself overnight either<\/em>.<\/p>\n

All real estate is local and that is never more true than now. In some areas we have seen real estate go through the support level of fundamental value (that value which would allow an investor to purchase a property and cash flow). This is no different than the Dow last week. It was oversold and many companies could be purchased below their fundamental value. So are you suggesting that rents are going to decrease in these areas?\u00a0 Otherwise, the correction has already<\/strong> occurred in some areas.<\/p>\n

You are looking at some of the best real estate agents in the business here. So when they write that their business has not dropped off, it might lead the casual reader to believe that the real estate market is not in a tailspin or even that real estate is close to a bottom. Do not be lulled into a false sense of optimism. This group is adaptable, smart and most of all well above average<\/em>.<\/p>\n

Michael, to whom are are you writing this post?\u00a0 If it is agents then I suggest the new market has caused an industry-wide house cleaning.\u00a0 Those that do not belong have seen business disappear and those that do have been rewarded; but this does not necessarily reflect a worsening real estate market.\u00a0 If, on the other hand, you are writing to consumers then I suggest they read you closely when you say that the top agents have found “their business has not dropped off.”\u00a0 It has not dropped Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Michael Cook wrote a thought provoking post earlier entitled What Happens to the Early Worm.\u00a0 So thought provoking that I found my comments drifting to post length.\u00a0 So how about a little point\/counter-point? Michael, a very detailed and thoughtful post. I would not disagree with you that cautiousness is a safe strategy (although not always […]<\/p>\n","protected":false},"author":36,"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":[5],"tags":[],"class_list":{"0":"post-5017","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2113,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2113\/its-cherry-picking-time-down-at-the-feed-reader-subscribe-to-bloodhoundblog-content-by-author\/","url_meta":{"origin":5017,"position":0},"title":"It’s cherry-picking time down at the feed reader: Subscribe to BloodhoundBlog content by author","author":"Greg Swann","date":"October 28, 2007","format":false,"excerpt":"Joel Burslem, writing from The Future of Real Estate Marketing, a multi-author weblog, this past week posted an extended complaint about multi-author weblogs. Okayfine. It struck me as a beef about form over substance, but -- what the heck? -- there's no accounting for taste. The one kvetch that is\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":492,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/492\/the-things-most-worth-talking-about-are-the-ones-no-one-ever-wants-to-talk-about-confronting-the-buyers-agents-commission-amidst-a-glacial-glut-of-real-estate-licensees\/","url_meta":{"origin":5017,"position":1},"title":"The things most worth talking about are the ones no one ever wants to talk about: Confronting the buyer’s agent’s commission amidst a glacial glut of real estate licensees . . .","author":"Greg Swann","date":"October 1, 2006","format":false,"excerpt":"I wrote this as a comment at Rain City Guide (which thread is very worth visiting), but I'm echoing it here:> Who pays the commission is all semantics, really. I would disagree with that. Buyers have been persistently misled about who pays the commissions, which skews their behavior. > The\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":17294,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17294\/overnight-news-three-ways-to-be-counter-culture-in-todays-world-1-work-for-a-living-2-work-weekends-3-vote-like-johnny-rotten\/","url_meta":{"origin":5017,"position":2},"title":"Overnight News: Three ways to be counter-culture in today\u2019s world: 1. Work for a living. 2. Work weekends. 3. Vote like Johnny\u00a0Rotten.","author":"Greg Swann","date":"October 11, 2020","format":false,"excerpt":"Typical weekend news drought. You've got time to read, they've got time to vay-cay. Forbes: Housing Prices Aren\u2019t Coming Down According To Realtor.com. CTRL-F 'riot'; not found. The national news is so good, the local news cannot possibly be bad... right...? Fox News: San Francisco tax revenue plunge points to\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":"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":110,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/110\/when-is-the-best-time-to-buy-when-everyone-else-is-selling\/","url_meta":{"origin":5017,"position":3},"title":"When is the best time to buy? When everyone else is selling…","author":"Greg Swann","date":"July 20, 2006","format":false,"excerpt":"I think this is exceptionally good advice from Craig King at RealBlogging.com:No matter what you're selling, conventional wisdom is that the FUD Factor (fear, uncertainty and doubt) tends to freeze buyers in their tracks. Purchases get delayed. Decisions take longer. Buyers follow the maxim, \"When in doubt, don't.\" At the\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":13519,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13519\/i-dont-play-farmville-and-i-dont-disagree-with-brian-brady\/","url_meta":{"origin":5017,"position":4},"title":"I don’t play Farmville and I don’t disagree with Brian Brady!","author":"Al Lorenz","date":"November 5, 2010","format":false,"excerpt":"But I do question whether prospecting using facebook is the most efficient way to prospect.\u00a0 I'm sure everything Brian Brady said is correct, he's just that kind of a guy!\u00a0 I'm also a one person office and time spent trolling facebook for leads isn't as quick as calling up expired\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":18049,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18049\/overnight-news-the-most-important-influence-on-real-estate-markets-right-now-the-riots\/","url_meta":{"origin":5017,"position":5},"title":"Overnight News: The most important influence on real estate markets right now? The\u00a0riots.","author":"Greg Swann","date":"April 14, 2021","format":false,"excerpt":"For the past couple of years, I've had my eye out for a top to this market. That was when there was one \u2013 a market. Now there are zillions of real estate markets, no two alike, and what is going on in Greater Phoenix is necessarily counter-balanced by bad\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/5017","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\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=5017"}],"version-history":[{"count":8,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/5017\/revisions"}],"predecessor-version":[{"id":5039,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/5017\/revisions\/5039"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=5017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=5017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=5017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}