There’s always something to howl about.

Category: Egoism in Action (page 15 of 26)

Realtor, Associate Broker

What does “information wants to be free” really mean? It doesn’t matter how long you spent making that mudpie, it’s worth nothing to me.

Reflecting on Jeff Brown’s post on economics, which in turn referenced an argument by Malcolm Galdwell, I made a short movie explicating the meme “information wants to be free.”

Cliff’s Notes: When a market good is so redundantly abundant as to be, essentially, ubiquitous and unavoidable, its market price will tend to plummet to zero. It doesn’t matter what the sellers of those goods might want to earn. All that matters, in this context, is what buyers are willing to pay. If the discounted probability of procuring an acceptable alternative is very high, then the price will tend to be very low.

Ordinary information is ubiquitous and unavoidable, and, therefore, the market price it can command is effectively zero. What the sellers or anyone else thinks about that is irrelevant. I have no reason to pay even a penny to you if I can get “just as good” next door for free.

That in turn references the very first post I wrote for BloodhoundBlog:

If almost-as-good is free or nearly free, what is the market value of slightly-better?

The answer? Almost always zero.

In the clip I talk about the difference in the paywalls of the Wall Street Journal and the New York Times. Ironically enough, there comes news this morning that the Times plans to finish off its slow suicide with yet another tilt at a paywall. Much good may it do them.

Here’s the video:

You know what? Despite everything: Happy New Year!

I wrote this last night in a comment to a post:

The United States is being run as a kleptocracy, but instead of plundering the treasury and the accumulated wealth of the nation in behalf of a small criminal conspiracy, we rob from a rapidly-diminishing productive sector in behalf of a vast and ever-burgeoning population of moochers — at all strata of society.

You can’t flip on the television without running across a cipher for your own grandmother proudly announcing how some politically-connected vendor has taught her how to rape the taxpayers — which is to say you and your kids, her own great-grandchildren — in her own behalf. This will be the real triumph of Obamacare — to turn every last resident of this once-proud nation into sniveling beggars, each one trying to snap up more benefits than his neighbor.

We don’t have to eat each others’ flesh to be cannibals, and it seems plausible to me that we will not be suffered to live a life of freedom and independence, in the very near future. The entitlement mentality is such a shameful thing that the people who use it as a means of enslaving each other will not suffer the contradiction of an objective renunciation of their creed. In any case, once you’ve eaten a meal taken by theft, you’re not as apt to make noises about law and order, property rights, all that sanctimonious nonsense. Who am I do judge, once I’ve drunk my neighbor’s blood?

That’s dour, but I’m afraid it’s much too exact. Yes, I know that things are always worse than they seem, that the doppler effect of the noise that is the news makes the onrushing crisis sound more ominous even as receding events seem to race away harmlessly. But I fear we are at a tipping point, a place where the grasshoppers so far outnumber the ants that there really is no hope, going forward, for a life based on self-reliance, on philosophical egoism, political individualism and economic free enterprise. The United States has resolved to resolve the contradiction of chattel slavery by making slaves of Read more

Unchained Melodies: A sublime mash-up of William Shatner’s cover version of Common People

I have time to write software today for the first time in a while — which is well because we need it. While I was working, Radio Paradise (commercial-free semi-hip music for middle-aged white people) played William Shatner’s cover of Pulp’s Common People, and it made me so nuts I had to go out and find a clip.

Glad I did, because this mash-up is just perfect. I grew up in a grimy industrial town in downstate Illinois, way over on the wrong side of the tracks. I was lucky to have school teachers who were old enough to have pre-dated the unionization of compulsory illiteracy — but that just means I know how to tell you to go have safe sex with yourself in all the best dead languages. If you’ve never bought a steak without weighing the cost, this song is for you.

Why are people in New York and Connecticut unhappy, while the folks in Louisiana and Tennessee are more satisfied with their lives? The obvious answer is the true one: Taxes and spending.

More from The Wall Street Journal: People in high-tax states are less satisfied with their lives than those in low-tax states.

Who knew?

That’s not a fair question. Everyone who can do math already knew this. But what’s interesting is that it points the way forward for all states, especially the ones currently losing their high-earning tax-slaves to less onerous tax-plantations: Cut taxes. Cut spending. Get rid of your kleptocratic union laws.

Or: In the words of John Galt, “Get the hell out of my way!”

The study suggests that quality of life heavily influences happiness. This may seem obvious, but until this study, social scientists have struggled to develop a model that supports this hypothesis. Now we know that people who say they’re satisfied with their lives aren’t just delusional or overly optimistic, and people who say they’re unsatisfied aren’t just pessimists. People have legitimate reasons to be happy or unhappy.

And well, high taxes seem to be a big reason — ostensibly an even bigger reason than weather given that California is one of the unhappiest states and inclement Louisiana is the happiest. Further, considering how much New York’s crime rate has dropped and schools have improved in the last decade, taxes seem to overwhelm even these two critical factors in the happiness equation. According to the Tax Foundation 2008 analysis, three of the top five unhappiest states—New York, Connecticut and New Jersey—have the highest state-local tax burdens. On the other hand, four of the top five happiest states—Louisiana, Florida, Tennessee and Arizona—are among the states with the lowest state-local tax burdens. True, correlation doesn’t prove causation, and high taxes alone don’t always make people miserable, but there’s something going on here.

In states with high property, income, and sales taxes like New York, people have less money to spend on other things that make them happy. They have less money to spend on vacations, hobbies, home improvements, eating out and child care. Another problem may be that people receive a low return on their tax dollars. The study’s authors note that people are least happy in states that impose high taxes but don’t provide Read more

Making New Year’s resolutions is easy. It’s keeping them that’s hard. How people are getting year ’round results from their year-end goals.

From The Wall Street Journal comes more than resolutions. More, even, than sheer resolve. A set of specific tactics and techniques to fulfill your New Year’s resolutions enduringly.

It is no secret that the odds against keeping a New Year’s resolution are steep. Only about 19% of people who make them actually stick to their vows for two years, according to research led by John Norcross, a psychology professor at the University of Scranton in Pennsylvania.

But those discouraging statistics mask an important truth: The simple act of making a New Year’s resolution sharply improves your chances of accomplishing a positive change—by a factor of 10. Among those people who make resolutions in a typical year, 46% keep them for at least six months. That compares with only 4% of a comparable group of people who wanted to make specific changes and thought about doing so, but stopped short of making an actual resolution, says a 2002 study of 282 people, led by Dr. Norcross and published in the Journal of Clinical Psychology.

My resolution is to read the whole thing.

Howling for the hard-working dogs: “We interrupt this Christmas Season for the following brief commercial transactions.”

Rich full day today, lots of variety. Working Christmas Eve with me were home inspector Mike Elsberry (two houses), wood inspector Joe Letourneau (two houses) and our handyman, Mark Deermer (one house). We had a plumber working at one of our listings, as well. I could tell by the (lack of) traffic on the streets that a lot of people took the day off, but I am delighted that so many of the people that I work with were working today.

I’m going to work quite a bit tomorrow, Christmas Day. Mail, of course. But I’m also going to service a listing and take a look at half-a-dozen vacant REOs. Nothing terribly time-consuming, more like errands than anything else. But it’s work I want and need to get done, and I don’t want to put it off.

I think this is all part of the revolution incited by these devices — alike unto the idea that privacy is an artifact of inefficiency. I don’t take time off as a binary state event, and it kind of drives me crazy when other people do.

I think it’s insane that too much of the commercial world comes to a complete standstill on special days. But at least we are not insane enough to be consistent. No one preaching the virtue of sacred pretend-poverty wants for the power plant or the hospital emergency room to shut down from now until the Feast of the Epiphany.

Even so, it is simultaneously plausible to me that I might have something to prove: I’m going to celebrate my Christmas, and I am not going to interrupt anyone else’s. But I can do valuable work for my clients tomorrow, and it is important to me to get it done. And, at a minimum, my clients will be ahead of the game and my workload Saturday will be lighter. Everybody wins.

But here’s the thing: I think you’re going to work tomorrow, too, even it’s only to deal with your client email. And I think this is something to be celebrated, not condemned. We work in the pursuit of happiness, as Jefferson had it Read more

Looking for the beacon of progress for American cities? Forget Portland. Forget Houston. The road we’re on leads to Detroit.

From PJTV.com, a bone-chilling exposition of how the entitlement mentality killed one of the great American cities:

There but for the grace of god? Not quite. Detroit is just the leading edge of a wave of entitlement thinking that is engulfing what was once the beacon of human liberty for the whole world.

We scorn philosophy at our peril. For more than a century and a half, Americans have been asking profoundly important philosophical questions — and giving the wrong answers.

“What do the rights of the individual matter when people are starving?”

“How can you worry about private property rights when people are homeless?”

“Health care is a collective responsibility. Why should you be free to escape it even if you can pay your own way?”

“How dare you claim a right to personal autonomy when your personal autonomy is destroying the planet!?!”

Don’t bother to ask yourself what America will look like when the concept of individual rights has finally been eradicated from our philosophy. We already know the answer to that question. It will look like Detroit.

Unchained melodies: Real Estate’s 50 Most Inconsequential Online

Apparently I have been voted onto the Inman “News” list of Real Estate’s 50 Most Inconsequential Online. I have no direct evidence of this, just a bunch of tweeted twaddle that Tom Johnson turned me onto last night. Needless to say, I don’t plan to spend $80 to feed my already quite corpulent vanity.

This is my third or fourth year on the receiving end of this evolving “honor,” and, with some exceptions, Inman’s list is comprised of a company I am less and less comfortable keeping. BloodhoundBlog has always been about the consumer for me, and about practitioners who know how to put the consumer first. Alas, the RE.net by now just looks like more of the same — more sleazoids looking for ways to sucker broke-ass agents into paying three bucks a pop for rotten eggs. Deadwood was a fun TV show, but I don’t want my name soiled by the real estate equivalents of Al Swearengen.

I do want to take a moment to apologize to Brad Inman, though. I have offered up what I thought was sound business advice to the man — coated, to be sure, in what might seem to be a bitter pill. But I had assumed that Inman was a grown-up, and, as a demi-billionaire, presumably capable of dealing with a certain amount of acerbic wit. It turns out though — as certain lyrical twitterbirds have pointed out to me — that Brad Inman is in fact an infantile encephalic retarded paraplegic with a harelip — and thus my jibes aimed at him were not sporting. This, at least, is the only conclusion one can draw from the plaintive tweeted bleatings about my criticisms of Big Bad Brad that have emerged from other names on Inman’s list of Real Estate’s 50 Most Inconsequential Online.

Which is, just by itself, a good reason to say to hell with the whole magilla.

Meanwhile I can think of only one tune so perfectly suited to the occasion, Big in Japan by Tom Waits:

If you want to do right by your clients, you have no need to lean on me as Read more

Next year we’re going to splurge — maybe — starting with the twenty-first thousand dollars for the month

Here’s my favorite Christmas card this year:

I helped Stephen and Suzanne Kranick buy that house in the weeks before Thanksgiving. I think it’s cool that they love it so much that they made it the star of their holiday card.

I put two houses into escrow today. I’ve done that before, but Cathleen and I are both packing transactions into January at a nice pace. I’m still holding out hopes for one more all-cash deal in December, but the calendar is turning on me day-by-day.

But here’s the thing: The pace we’re on right now puts us at $20,000 gross commission income a month for 2010. I’m sure that sounds like a lot of money to anyone who is not in the real estate business, but it ain’t. But our marketing costs are where they’ve always been — very low — so we’re right on the cusp of proving the claim I’ve been making here for coming on four years: It is possible to do this job without spending fifty cents on the dollar for client acquisition and without feeding a vast cadre of useless eaters.

It’s plausible to me that we could be at $40,000 a month by the third quarter, and from there it’s not a huge jump to seven figures, GCI, per annum.

But: Meanwhile: We are cheap bastards. We never hesitate to spend whatever it takes on mission critical tools, and that will always be the case. But we have been very tight on every discretionary expenditure for a long, long time. And as much as business has sucked over the past four years, it is being tight that has gotten us through the worst of it. A lot of Realtors didn’t make it, as we all know.

So: Cathy just had her birthday, and from me she got a 2 gigabyte memory upgrade for her iMac. So romantic…

But, even so, we can foresee that we are going to have a little money for luxuries in the coming year, and the question plaguing me has been how to manage that kind of spending without going crazy on the upside, as it were.

Here’s Read more

Looking for reasons to be cheerful this Christmas? Thanks to the free market, everything is better than it was when you were a kid

From Reason.TV:

It’s worth thinking about as statists strive to destroy innovation in medicine (via Obamacare) and industry and transportation (via environmentalism). If it gratifies you to weep about how bad things are, compare the America of your youth to the police states of Communist Europe in that same epoch. Whatever complaints you might have with liberty, things could be — and will be — a lot worse when you have unleashed the leviathan state on every aspect of your life.

The bad news: Tens of thousands of people, including IRS agents and including at least one four-year-old, fraudulently claimed the $8,000 first-time home-buyer’s tax credit. The good news? When these morons take over your health care, you’ll probably die before you suffer too terribly much…

From Politics Daily, the you-just-can’t-make-this-shit-up section:

Four-year-olds are adorable, trustworthy, and, having never owned a home before, fully eligible for the first-time homebuyer tax credit that Congress passed in 2008.

As a result of that loophole and numerous faulty reporting mechanisms, a House panel learned Thursday of tens of thousands of cases of fraud in the tax credit program, including more than 500 instances of people using their children — including a four-year-old — to apply for the credit to get around income caps and a requirement that the purchaser has never owned a home.

Together, fake or faulty claims for the $8,000 refundable tax credit may have cost the government up to half a billion dollars so far, investigators told the Ways and Means subcommittee.

Russell George, an inspector general with the Treasury Department, told the subcommittee about the most brazen instances of bogus claims that he had come across since the IRS created a filtering system last May to weed out suspicious applications.

George said he had found nearly 20,000 returns for people who may not have actually purchased homes; thousands for people who already owned homes; 3,200 taxpayers who could not prove they were in the country legally; and an unspecified number of IRS employees wrongly applying for the credit.

It is completely implausible to me that anyone could expect anything other than disaster from government-run anything. I like to say that governments are only good at one thing — killing people — but even that isn’t true of the U.S. government: The Army expends 20,000 rounds of ammunition for every confirmed kill. No worries, though:

This week Sens. Chris Dodd (D-Conn.) and Johnny Isakson (R-Ga.) began a push to expand the credit to all homebuyers and extend the deadline, now set for Nov. 30th, to July 2010.

Good plan…

Save the world from home in your spare time!

I’ve known for more than a year that I want to write a book about what we’re getting wrong.

As a species, that is.

Through all of human history.

Surely that’s a man-sized ambition — and perhaps also a new high-water mark for the abstract concept denoted by the word “hubris.”

That’s as may be. In truth, this is an undertaking I would rather not undertake. For one thing, I’m busy and, in consequence, I’m physically tired much of the time. For another, this is less a thankless job than it is a task for which I can reasonably expect to be punished. Not officially punished, one may hope, but it seems likely that I will be derided, hectored or hounded, as I proceed with this project. I don’t shun that sort of thing, not ever, but it’s not something I actively court.

But none of that matters. The ideas I want to talk about drive me wild — in the best of all possible senses. I abhor every form of the claim of unchosen duty, and yet I feel that I must go through all this, that I cannot live in peace, much less die in peace, until I have transcribed every bit of everything that races through my brain.

But I can laugh at myself, too, so much am I alike, in my incipient dotage, to Dostoevsky’s Underground Man: “I am a sick man. I am a spiteful man.” Saving the world is a madman’s obsession, after all, a belfry awaiting its loyal complement of bats.

[Continue reading here, if you like. This project is way off topic even for a blog as topically-liberated as BloodhoundBlog, so if you want to follow along at home, the main action will be at SplendorQuest.com.]

Looking for a reason to buy real estate? How about free ice cream?

This from my Arizona Republic real estate column (permanent link):

When I was a kid, my Uncle Jack, my mother’s oldest brother, told me a story I’ve never forgotten. He was at a little county fair way out in corn country. Nothing special, just beauty contests for hogs, cheesy little rides and sticky, sugared confections.

Late in the day, the ice cream vendor decided to pack it in, announcing that he was giving away what was left of his inventory. People elbowed their way to the front of the crowd, so eager were they to get something for nothing. They walked away with the ice cream piled into their bare hands, rushing off to their cars, leaving a trail of melted drips behind them.

The lesson I took from my uncle’s story was that those folks didn’t really want ice cream. They were willing to get themselves dirty, and to get their vehicles dirty, just to have something for free. Most of them probably didn’t even eat the ice cream, and they certainly couldn’t have enjoyed it. Imagine trying to inhale a glutton’s quantity of chocolate-fudge-swirl before it melts all over your clothes.

Could that be what’s going on right now with the $8,000 first-time home-buyer’s tax credit? I happen to be carrying three listings that are undeniably “investor’s specials” — which means they’re a good buy, but they need a lot of work. Even so, my phone is ringing off the hook with agents trying to sell those houses to owner-occupants — folks with very little cash trying to get an FHA loan so they can buy a house, thus to get $8,000 in “free” money.

Do those buyers really want homes, or do they just want that free money? What will happen to the properties when the $8,000 is spent? Should we dial the clock back to 2006 to see if anything looks familiar?

Meanwhile, the National Association of Realtors is campaigning for even more “free” money to bribe even more otherwise-unmotivated buyers. The only thing that could make the deal sweeter would be a double hand-full of “free” ice cream.

 
Spread the word: Click here Read more

My 9/11 prayer . . .

[This is me, from 09/10/2006. –GSS]

 
Cathy and I watched The Path to 9/11 on television tonight. I had forgotten that we were in Metro New York for the Turn of the Millennium. My father lives in Connecticut, and we went there that year for New Year’s Day. The photo you see is my son crawling all over a bronze statue of a stock broker in Liberty Park, directly across from what was then the Merrill Lynch Building — on December 30, 1999. I lived in Manhattan for ten years, from 1976 to 1986. For quite a few of those years, I worked just across from Liberty Park, in the Equitable Building at 120 Broadway. At the other end of that little brick park was the southeast entrance to the World Trade Center complex. I worked insane hours in those days, and, very often, when I got out of work, I would go sit at this tiny circular plaza plopped down between the Twin Towers. Not quite pre-dawn, still full dark, but completely deserted — and to be completely alone in New York City is an accomplishment. I would throw my head back and look up at the towers, the fourth movement of the Ninth Symphony running note-perfect through my head.

Everything I am describing was either destroyed or heavily damaged on September 11, 2001. Along with the lives of thousand of innocents. Along with the comfort and serenity of their families. Along with the peace of the entire world.

I don’t believe in any heaven except for this earth, this life — the heaven we make every day by pursuing the highest and best within us. The World Trade Center had its faults. I can detail every one. But it was a piece of the sublime, a proud testament to how high, how good our highest and best can be. I don’t believe in heaven, but when I think of what was done that day, I pray there is an everlasting torment for the men who did it…

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Big Vampire is watching you — but every day is another chance at grace

This came in for a trackback on my NAR tax-credit video post:

http://hottopics.blogs.realtor.org/2009/09/08/
my-nar-tax-credit-video-“tell-the-natio/

The link resolves to an https address — in other words, a secret inner-sanctum blog. They won’t stand up for themselves in the clean, clear light of day, but they’ll piss and moan to each other in private.

It’s not that they’re gutless, mind you — or not merely gutless. So much the worse, they know they’re wrong — and they still won’t do the right thing.

How horrifying to spend your whole life thinking you’re one of the good guys only to discover that you are every bit as corrupt as Charlie Rangel, immersed snout-deep in the corporate welfare trough, turning a million mostly-innocent entrepreneurs into cheerleaders and lobbyists for even more legislative piggishness, turning three hundred million innocent Americans into cannibal’s fodder for your million-vampire-feast.

Who killed liberty in America, the last best hope for freedom on this Earth?

Was it Alexander Hamilton and the Whig/Federalist/Republican party, the original champions of corporate welfare?

Was it Andrew Jackson and the Democratic party, who wanted freedom for everyone — so long as you’re not black, brown, red or yellow? Or was it Lyndon Johnson and the modern Democratic party, who want freedom for everyone — provided you’re not an American?

Or was it the National Association of Realtors, who helped to turn a nation of hard-working, hard-charging, fiercely independent people into a gaggle of sniveling beggars, who can no longer even imagine paying their own way in life, who spend all their time concocting new ways to despoil their neighbors.

With every passing day, we are that much closer to being a nation of vampires, and it was the National Association of Blood-Sucking Vampires who first taught us to attempt to live by plunder instead of production.

But as much as I despise what they have done, still I feel for them as people. So I’ll offer up this much as a salve for the scabs they can’t stop themselves from picking at:

Redemption is egoism in action.

When you discover you have behaved badly, either willfully or inadvertently, there are three things you must do:

1. Admit your error Read more