{"id":7174,"date":"2009-08-10T19:30:00","date_gmt":"2009-08-11T02:30:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=7174"},"modified":"2009-08-10T19:33:18","modified_gmt":"2009-08-11T02:33:18","slug":"the-national-association-of-realtors-in-perfecting-the-idea-of-rotarian-socialism-not-only-sanctified-the-criminal-violation-of-the-property-rights-of-innocent-people-it-also-robbed-us-of-the-highe","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7174\/the-national-association-of-realtors-in-perfecting-the-idea-of-rotarian-socialism-not-only-sanctified-the-criminal-violation-of-the-property-rights-of-innocent-people-it-also-robbed-us-of-the-highe\/","title":{"rendered":"The National Association of Realtors, in perfecting the idea of Rotarian Socialism, not only sanctified the criminal violation of the property rights of innocent people, it also robbed us of the highest and best uses we might have achieved with our real property…"},"content":{"rendered":"

Kicking this back up to the top because it fits so well with the recent posts from Al Lorenz and Doug Quance. –GSS<\/em><\/p>\n

 
I’ve understood since I was 18 or so how real estate develops organically, in a truly free market, so I have known all my adult life how horribly the real estate market has been disrupted by the idiotic intrusions of Rotarian Socialism. It’s all about who can steal a few bucks by strong-arming his neighbors, and no one ever stops to wonder what gets mucked up in the process.<\/p>\n

So: I said:<\/a><\/p>\n

tell me in twenty-five words or fewer why relatively fungible non-commercial real estate should ever be thought of as an investment.<\/p><\/blockquote>\n

And Brian Brady said, in a comment to that post:<\/p>\n

When it’s a 1-4 unit property, held for investment purposes.<\/p>\n

Ten words. What am I missing?<\/p><\/blockquote>\n

What he’s missing is the definition of commercial real estate. If Brian owned 1-4 rental tuxedoes, should he call that his personal wardrobe? Just because the tax laws engender dumb distinctions, we don’t have to ignore reality, do we? Rental property — including a solitary rental house — is commercial real estate. It is owned in pursuit of profit, not as the residence of the owner.<\/p>\n

So again:<\/p>\n

tell me in twenty-five words or fewer why relatively fungible non-commercial real estate should ever be thought of as an investment.<\/p><\/blockquote>\n

The answer is that it should not. Hundreds of thousands of elderly people are going to suffer because — at the bidding of the National Association of Realtors — they took their eye off the ball. There is nothing rare about a tract home. If it gains in value ahead of other consumer goods, there has to be a cause — usually one that originates in the criminal use of force against people innocent of all wrong-doing.<\/p>\n

As we have discussed, the precipitating cause of the real estate boom in the southwest was criminal land-use restrictions in the costal metroplex of Southern California. The land there is not inherently scarce, but governments made its development difficult or impossible, driving prices up faster than they would have gone otherwise. Investors falsely believed Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kicking this back up to the top because it fits so well with the recent posts from Al Lorenz and Doug Quance. –GSS  I’ve understood since I was 18 or so how real estate develops organically, in a truly free market, so I have known all my adult life how horribly the real estate market […]<\/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":[251,24,6,5,30],"tags":[],"class_list":{"0":"post-7174","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-big-mother","7":"category-egoism-in-action","8":"category-marketing","9":"category-real-estate","10":"category-supplanting-the-nar","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1040,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1040\/hillary-clinton-and-rotarian-socialism-whats-wrong-with-the-nar\/","url_meta":{"origin":7174,"position":0},"title":"Hillary Clinton and Rotarian Socialism: What’s wrong with the NAR?","author":"Greg Swann","date":"February 13, 2007","format":false,"excerpt":"Business Week's Hot Property wrote yesterday about the NAR's having gotten into bed with Hillary Clinton -- who is \"sponsoring a bill that bars commercial banks from hiring real estate brokers\/agents\" -- but that's just the tip of the iceberg. The National Association of Realtor is routinely, habitually, congenitally anti-free\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15235,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15235\/buy-a-mcmansion-get-a-free-mcvisa-and-if-you-act-right-now-well-give-you-two-mcvisas-for-every-mcmansion-you-buy-just-pay-separate-shipping-and-handling\/","url_meta":{"origin":7174,"position":1},"title":"Buy a McMansion, get a free McVisa. And, if you act right now, we’ll give you two McVisas for every McMansion you buy. (Just pay separate shipping and handling.)","author":"Greg Swann","date":"October 20, 2011","format":false,"excerpt":"I could say I wish it were a joke, but the entire United States government is becoming a joke: Senator Charles Schumer (D-Hades) wants to give free visas to foreign nationals who buy luxury real estate:Foreigners have accounted for a growing share of home purchases in South Florida, Southern California,\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":5324,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5324\/and-after-big-mother-is-finished-subsidizing-the-mortgages-of-allegedly-prosperous-allegedly-self-reliant-americans-could-it-also-please-wipe-their-pwetty-widdle-noses\/","url_meta":{"origin":7174,"position":2},"title":"And after Big Mother is finished subsidizing the mortgages of allegedly prosperous, allegedly self-reliant Americans, could it also please wipe their pwetty widdle noses?","author":"Greg Swann","date":"October 29, 2008","format":false,"excerpt":"When there's taxpayer teat to be suckled, it seems nobody sucks like Realogy. The essence of Rotarian Socialism is bald-faced theft in behalf of the Rotarians. I cannot imagine a more telling, more shameless, more shameful example of Kleptocratic prevarication. Technorati Tags: real estate, real estate marketing","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":1451,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1451\/i-still-want-to-know-who-pays-you-bruce\/","url_meta":{"origin":7174,"position":3},"title":"I Still Want to Know Who Pays You, Bruce","author":"Russell Shaw","date":"May 21, 2007","format":false,"excerpt":"I received the following via email and also as a comment to a post on BloodhoundBlog. It is from Bruce Hahn. Bruce claims to represent 75,000,000 people - and I think that at least 74,999,000 of those people have never even heard of him. He and his wife (along with\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"Bruce Hahn","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2007\/05\/Bruce%20Hahn.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15537,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15537\/cnbc-in-the-name-of-supporting-home-prices-the-obama-administration-will-likely-put-in-place-a-system-under-which-investors-make-private-profits-while-the-taxpayers-subsidize-the-risk\/","url_meta":{"origin":7174,"position":4},"title":"CNBC: “In the name of supporting home prices, the Obama administration will likely put in place a system under which investors make private profits while the taxpayers subsidize the risk.”","author":"Greg Swann","date":"January 9, 2012","format":false,"excerpt":"Is housing the next Solyndra? Looks like it. The Obama administration is getting ready to transfer billions of dollars worth of foreclosed homes to campaign donors. If you think still more Rotarian Socialism sucks, wait until the house up the block from yours goes Section 8. Looters never tire of\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":14390,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14390\/what-might-have-happened-if-the-nar-had-not-caused-this-economic-downturn-we-dont-know-what-we-know-is-that-the-national-association-of-realtors-was-the-sine-qua-non-cause-of-the-great-recession\/","url_meta":{"origin":7174,"position":5},"title":"What might have happened if the NAR had not caused this economic downturn? We don’t know. What we know is that the National Association of Realtors was the sine qua non cause of the Great Recession.","author":"Greg Swann","date":"April 5, 2011","format":false,"excerpt":"This post is grown from a comment left by Brian Summerfield, editor of Realtor magazine. Before I begin, I want to commend Brian for daring to show up here to debate this topic. I think he's wrong, but the man has more guts than the people who pay him. Now\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7174","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=7174"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7174\/revisions"}],"predecessor-version":[{"id":9486,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7174\/revisions\/9486"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=7174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=7174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=7174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}