{"id":7136,"date":"2009-02-25T05:00:00","date_gmt":"2009-02-25T12:00:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=7136"},"modified":"2010-06-26T10:49:46","modified_gmt":"2010-06-26T17:49:46","slug":"the-three-little-pigs-and-the-housing-rescue-plan-a-modern-fable","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7136\/the-three-little-pigs-and-the-housing-rescue-plan-a-modern-fable\/","title":{"rendered":"The three little pigs and the housing rescue plan, a modern fable"},"content":{"rendered":"

Once upon a time there were three little pigs, and, although they were brothers and looked a lot a like, they could not have been more different.<\/p>\n

The first little pig was hard-working and thrifty. He spent very little of his income, saving and investing as much money as he could. He lived with his mother well into adulthood, helping her with her expenses. He finally bought a home of his own when he could afford to pay for it all in cash. As you might expect, the thrifty little pig’s home wasn’t flashy, but it was all his, free and clear.<\/p>\n

The second little pig didn’t save very much of his income, but he earned a lot of money as a rising executive, and he had an uncanny luck in the housing market. He bought a condominium on his 18th birthday, then traded up to his first single-family home before he was 21. By the time he was 30, the lucky little pig owned a very stately executive home — and he had been able to make a whopping 50% down-payment.<\/p>\n

The third little pig wasn’t very good at working hard, and he had never kept a job long enough to get a raise. He wasn’t at all good at saving money, but he could borrow and spend it better than any little pig anywhere. Like the lucky little pig, he moved away from home early, but he just kept moving — from apartments to friends’ couches to rental homes and then to one girlfriend’s house after another.<\/p>\n

If you are a liberal, you may be thinking of the third brother as the unfortunate little pig. If you are a conservative, you will want to call him the lazy little pig — or worse. To keep the peace, let’s just call him the puerile little pig — the little brother who never quite grew up.<\/p>\n

The original version of this story was about construction quality as a metaphor for planning ahead, anticipating disasters so they don’t take you by surprise. But the world of real estate has changed a lot since then. The most important Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Once upon a time there were three little pigs, and, although they were brothers and looked a lot a like, they could not have been more different. The first little pig was hard-working and thrifty. He spent very little of his income, saving and investing as much money as he could. He lived with his […]<\/p>\n","protected":false},"author":1,"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":[251,13,29,6,5],"tags":[],"class_list":{"0":"post-7136","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-big-mother","7":"category-casual-friday","8":"category-group-therapy","9":"category-marketing","10":"category-real-estate","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":897,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/897\/the-plastic-pig-and-how-to-pick-your-agent\/","url_meta":{"origin":7136,"position":0},"title":"The Plastic Pig (and How to Pick Your Agent)","author":"Kris Berg","date":"January 15, 2007","format":false,"excerpt":"A million years ago, my mother won the office football pool. It was a Pick the Winners contest, and she did it with a plastic pig. Now, keep in mind that this is the same woman that found herself relegated to her bed for a week after losing the rubber\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7018,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7018\/obamas-housing-rescue-plan-wont-rescue-housing-but-it-will-delay-the-eventual-recovery-of-the-real-estate-market\/","url_meta":{"origin":7136,"position":1},"title":"Obama’s housing rescue plan won’t rescue housing, but it will delay the eventual recovery of the real estate market","author":"Greg Swann","date":"February 21, 2009","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0Obama's housing rescue plan won't rescue housing, but it will delay the eventual recovery of the real estate market President Barrack Obama came to Mesa Wednesday to announce his new housing initiative. The location made for good\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/25\/antless-shrugged\/","url_meta":{"origin":7136,"position":2},"title":"Antless Shrugged","author":"Odysseus","date":"December 11, 2005","format":false,"excerpt":"Jonathan Higuera in the Arizona Republic asks: \"Are home costs scaring firms off?\" The article consists of the dutiful transcription of the unfounded fears of \"Barry Broome, president of the Greater Phoenix Economic Council.\" If you are intrepid enough to read the article all the way to the penultimate paragraph,\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":14517,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14517\/in-order-to-fund-government-services-for-the-wealthiest-poor-people-on-the-planet-we-borrow-money-from-a-nation-of-subsistence-peasants-where-pigs-are-such-prized-possessions-they-sleep-in-the-h\/","url_meta":{"origin":7136,"position":3},"title":"“In order to fund government services for the wealthiest ‘poor’ people on the planet we borrow money from a nation of subsistence peasants where pigs are such prized possessions they sleep in the house.”","author":"Greg Swann","date":"April 30, 2011","format":false,"excerpt":"The incomparable Mark Steyn. Cowardice makes cannibals of us all -- and nobody can eat just one.","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7211,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7211\/the-federal-governments-housing-casino-will-never-play-fair-as-long-as-there-are-votes-to-be-bought-by-cheating\/","url_meta":{"origin":7136,"position":4},"title":"The federal government’s housing casino will never play fair as long as there are votes to be bought by cheating","author":"Greg Swann","date":"February 28, 2009","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). Since I wrote this on Tuesday, events have overtaken some details, but it remains that few if any borrowers in the Phoenix area will be able to renegotiate or modify their loans under the Obama plan. Everyone\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/32\/how-the-grinch-stole-home\/","url_meta":{"origin":7136,"position":5},"title":"How the Grinch stole home…","author":"Odysseus","date":"December 23, 2005","format":false,"excerpt":"Interest rates are down, Gas prices are down, housing starts nationwide are up, and home prices in the Valley are up, so you know what that means. Yup, the sky is falling yet again. Affordable homes are vanishing. Vanishing! It must be the Grinch, slinking around with a bottomless bag\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7136","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=7136"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7136\/revisions"}],"predecessor-version":[{"id":7137,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7136\/revisions\/7137"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=7136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=7136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=7136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}