BloodhoundBlog

There’s always something to howl about.

Archives (page 21 of 372)

Overnight News: Why Johnny 5 can’t close: No rainmaker, no rain.

Ya think it's easy?

“Since they taught pitching machines how to play fetch, I’ve pretty much lost interest in robots.”

How lame is real estate marketing? Zillow is making money with this for a tagline:

“When you’re ready for a change, we’re ready to help.”

Of course, they’re not selling to the public. Check the MLS: They’re terrible at selling houses. But at the boiler-room huckstering of gullible self-bankrupting real estate agents, they are beyond parallel.

As I’ve pointed out, technology is well-suited for the paperwork side of the real estate business, but it is lousy at selling and servicing real estate in the real world.

Guess what you can’t sub out or hire? Fire in the belly. No rainmaker, no rain.

The future of Zillow and all big corporations is Nikole Hannah-Jones: Mau-maued to death by consistent, craven C-suite gutlessness. But: Whatever: If you can sell and not just market, you’ll be fine.

In other news:

Housing Wire: For the third week in a row, mortgage rates stay at 2.73%.

Housing Wire: Zillow to buy ShowingTime for $500M. You will be assimilated by The Borg.

Mortgage News Daily: Conforming Loan Standards Loosened in January. From Brian Brady: “Mortgage guidelines loosening. The AVMs are back and appraisal waivers are being handed out like free candy.”

Housing Wire: Zillow revenue grows 22% in 2020.

Seeking Alpha: Is This The Biggest Financial Bubble Ever? Hell Yes It Is.

City Journal: Yes, Bail Reform in Chicago Has Increased Crime: A recent report makes the connection clear, though its authors and funders claim otherwise.

American Greatness: The Coming Military Purge.

AND Magazine: Killing the Republic – Trump As Tiberius Gracchus.

Daniel Greenfield: In Its Desperation to Get Trump, Senate Created Unconstitutional Precedent for Impeaching Former Officials.

American Thinker: The Democrats’ misread conservatives when they attack Trump.

American Thinker: American Police State: No Questions Allowed.

Overnight News: The ultimate in Buyer’s Agency: Dating in handcuffs.

Ya think it's easy?

“Dogs always lose at tug-of-war because they’d rather tug than win.”

I listed a house on January 29th that closed yesterday – eleven calendar days, inclusive, and the seller is out of state. The house sold in one day on market. I’m normally not quite that quick – it takes a few days to milk every offer to the limit – but we got an offer that we literally could not refuse.

Vide:

  • Full list price
  • All cash
  • Appraisal waived
  • Inspections waived
  • Repairs waived
  • Closing in 10 days (we lost a day to the HOA)

The house is tenant-occupied, a reddish flag in the midst of eviction moratoria, so it was impossible to pass on a contract where the only possible exits for the buyer were force majeure and acts of god. They literally could not cancel.

I am not your broker, and I am very glad that I am not representing buyers right now. But if you are, there is no posture quite so appealing to sellers right now as coming in completely supine, prostrate, waiving everything.

You can say the buyer of my listing was advised in ways that could lead to adverse consequences – that that’s what buyer protections are for.

My answer: They got the house.

In other news:

nbc4i.com: Just years after building San Francisco’s tallest skyscraper, Salesforce will let most employees work remotely indefinitely.

CNBC: Mortgage demand drops as interest rates hit a three-month high.

CNBC: Mortgage delinquencies sink to pandemic low, but distress is far from over.

City Journal: Recall Fever in California: Gavin Newsom might not be the only Golden State politician facing a reckoning. This makes great sense everywhere: Get rid of whom you can and preoccupy the ones you can’t.

City Journal: Come One, Come All: President Biden’s immigration agenda will be a disaster for working-class Americans.

Joel Kotkin: Environmentalism Is the New War on the Working Class.

Dennis Prager: How Many Americans Has the American Medical Establishment Killed?

Michael Goodwin: With acquittal a foregone conclusion, the real drama is what Trump does next.

Michael Walsh: Republican Ineptitude and Democratic Ruthlessness Put Liberties in Danger.

Overnight News: When you throw everything you’ve got at your pet monster – and it just makes him stronger…

Ya think it's easy?

“The dirty secret about dog shows? There are no show dogs or work dogs or hunting dogs. Just lovable mutts who can be trained to do anything.”

I had a bunch of impeachment links, but I ditched them. If you care, you know what to Doogle. I expect I’ll wait to see the highlight reel. I’m much more curious about Trump and his portents than I am watching the Senate embarrass itself some more, in any case.

I was on the bubble about Trump forever: Di or Id? We know now: Trump’s Achilles’ heel is his reputation – second by second. A Di truly does not care what other people think, especially about him or his work. Ask me how I know? Trump cares a great deal, and so it is easy to push him off his game by threatening him in the next few news cycles.

Idsc, I think, not that it matters. Trump was never the solution, just the stopgap. We’ll find out this week if he can retain that role, but the gap is all but unstopped – at least for now.

In other news:

Housing Wire: 5 million missed rent or mortgage payments in December.

Redfin: Redfin Publishes Commissions on Over 700,000 Homes for Sale. What’s funny about this? Only Cautious buyers care what the Buyer’s Agent makes. Redfin is crowing that its marketing excludes black, brown and poor people generally by disparate impact.

Housing Wire: More real estate agents charged with storming the Capitol.

Rob Hahn: What Did the Judge Mean Here? Questions on the PLS v. NAR Ruling.

City Journal: The Other California: After Covid-19, the Inland Empire offers a way forward for the Golden State.

The Federalist: Leftists Are Colonizing Red Towns Like Mine, And Local Republicans Are Clueless.

FEE.org: The Democrats Just Reintroduced a Labor Law that Would Destroy Uber—And It Could Actually Pass This Time.

National Review: The Fracturing of the American Ideal.

Overnight News: How can you say the election was stolen when Trump’s own Attorney General was working for Biden months in advance?

Ya think it's easy?

“A wise man train his own dogs – and he rewards them with love and praise, not bribes.”

Bill Barr knew all about the election fraud. He wrote and spoke about it in prescient detail months in advance. And yet he did nothing to prosecute the theft of the right of the American people to choose their own leaders. Now we know why…

In other news:

Thomas Lifson: Trump aide Peter Navarro charges AG Barr worked to help Biden issue blizzard of early executive orders.

Redfin: The Biden Administration Could Create Three Times as Many Affordable Homes By Building in Places Already Affordable. The blinders-off admonition would be “Bribe cheaper municipalities!” The problem is, it’s not municipalities the Marxists are funneling bribes to.

Rod Dreher: The Snowplow Test.

Salena Zito: The kids aren’t alright.

City Journal: Taking on “Progressive Prosecutors.” District attorneys who refuse to enforce the criminal law are violating their oath to support and defend the Constitution – and could be challenged on those grounds.

Daniel Greenfield: The Reichstag Fire of the Democrats.

Overnight News: Marxists are desperate to find a pretext to exterminate those evil people who make them casseroles and shovel their driveways.

Ya think it's easy?

“A badly brought up puppy will eat its own excrement. That don’t make it food.”

The point of the January 6th fiasco was the January 6th fiasco: Marxists spent all year goading Trump supporters into civil war. They didn’t quite get bupkis, but nothing like the pretext they needed to commence the Ant pogrom.

That’s why they’re confessing now. It looks like a modified limited hangout – slow-walking the confession to take the shock off the big reveal – but I suspect it’s still more taunting. The railroading of Trump is about to become that much more obvious, so if they can’t incite an “insurrection” now, their actual five-year-long coup d’état will be exposed for what it is: A totalitarian putsch poised for genocide.

How do you best them from here: Stay home, stay calm, stay safe. They’re the bad guys – hundreds of millions of murders worth. Don’t muddy the waters.

In other news:

Yahoo Finance: Biden Wants to Shut Down Credit Bureaus – What Would That Mean for You?

J.D. Tucille: Americans Shouldn’t Be Treated Like ISIS Insurgents. Adopting “counterinsurgency” tactics for use against wide swaths of Americans can only make the situation worse.

Conrad Black: Biden’s Rapidly Deflating Honeymoon Balloon: Biden and his media supporters will see the prohibition they have imposed on any questioning of the election result blow up in their faces.

Rick Fuentes: The Art of the Steal.

Michael Barone: ‘Mostly peaceful’ violence and dueling double standards.

Clarice Feldman: Rigging the Election for China and Profit.

Overnight News: Thanks to Time magazine, all of America agrees: The election was rigged.

Ya think it's easy?

“‘It’s just a gully, that’s all. Just nerves.’”

If you’ve been following along here, you know the election was rigged. I don’t argue the case much, but I link liberally to excellent resources. The actual dispositive rigging was the emergency fallback ballot stuffing – because Trump’s landslide was so huge that he beat all of the combined Deep State and all of its freelance henchmaniacs.

Time magazine is so proud of the Deep State’s machinations that it boasts about everything the Ruling Class did to subvert democracy – to prevent Americans from choosing their own leaders.

You knew they were scum all along – before you watched them kill thousands of people last year to get Trump. Now they are bragging about creating a legitimacy crisis.

Sow the wind, reap the whirlwind…

In other news:

Raheem Kassam: TIME Mag: “Trump Was Right. There Was A Conspiracy… Well-Funded Cabal, Powerful People Changing Laws, Steering Media & Controlling Information.”

Housing Wire: Homebuyers put pets first when shopping for homes. Kids and dogs, but this one time I got one of my wife’s buyers off the dime by pointing out that she didn’t need a perfectly-safe home she could never find, she needed a firearm to make any home safer. She got a 1911 and it changed her life.

The American Mind: Are stocks real?

City Journal: Under the Gun in Philly: As murders mount and public pressure grows, city officials continue to look for answers in the wrong places.

Brendan O’Neill: Is AOC the most dangerous politician in America? Since the Capitol riot she has been whipping up a culture of fear that could have dire consequences for liberty.

Overnight News: If an #iBuyer talks you into taking a lowball offer in the midst of a market frenzy, how sued should they be?

Ya think it's easy?

“Getting nipped by a puppy is no big deal – unless that puppy gets a taste for your blood.”

The world I live in is routinely selling at around 5% over market: If a house lists at or above its current Fair Market Value, when it closes it will turn out to have sold for ~105% of FMV.

That’s bidding wars, and it’s less the agents’ skills than the buyers’ frenzy.

But what that frenzy means is that it is beyond foolish to sell to iBuyers or any other sort of “instant” cash buyers right now. It can make sense to go to a pawnshop when no one else is buying. But when everyone is buying, not taking a very brief test of the marketplace is a betrayal of your own estate.

And here’s what’s funny: The iBuyers know that. They know that it is a mistake for you to sell to them right now. They know you are leaving at least 5% of your hard-won money on the table by trafficking with pawnbrokers.

Why is it funny? All real estate licensees are fiduciary. Deliberately leading a client into error is a fiduciary violation. Replicated hundreds or thousands of times a year. Per iBuyer.

Their buy-boxes redline. Their marketing targets only nerds – hugely exclusive by disproportionate impact. And every house they buy is another opportunity to ignite a national class action suit.

Oh, and the Vampire Party is hungry. Very hungry…

Yesterday on BloodhoundBlog:

Brian Brady: What Professor Alexander Kurov Gets Wrong About Gamestop and Bubbles.

In other news:

Housing Wire: Mortgage rates continue to stay low at 2.73%.

Redfin: Asking Prices Hit a New High, Up 10% From Last Year.

Housing Wire: Urban home values growing faster than ‘burbs in Midwest. This is more of Redfin hiding the riots, FWIW: Most “cities” are mainly suburban. What’s going on where the riots actually hit?

City Journal: Climate Change Follies: President Biden’s war on fracking will raise electricity prices while accomplishing nothing on climate.

John Hinderaker: Democratic Governors Have Devastated Their States.

Glenn Reynolds: Why are Democrats so scared of Donald Trump when they just defeated him?

City Journal: Unity or Union Loyalty? President Biden’s early Read more

What Professor Alexander Kurov Gets Wrong About Gamestop and Bubbles

Let’s start here;  overregulation creates bubbles, not speculators.  West Virginia University Professor of Finance, Alexander Kurov, offers an op-ed which comes to the conclusion that speculation from Reddit bros could wreak havoc on capital markets:

So markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.

Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.

In recent days, Reddit users have also driven up the prices of silver SI00, -2.28%  and companies such as BlackBerry BB, 0.25% and movie theater giant AMC Entertainment AMC, -18.63%. Popular trading apps like Robinhood have made trading easy, fun and basically free.

The share price of Tesla TSLA, -1.16%, for example, skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.

If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation could hurt public confidence in financial markets, which would make people more reluctant to invest in retirement and other programs.

At face value, his theory makes sense, especially in this “everyone is out of step but my Jimmy” world which government, academia, and rent-seeking businesses created (let’s call them them “the Technocracy”, just to give them a name).    I might ask the Professor to read Bastiat and Hazlitt, and look for the unseen consequences of his conclusion  You don’t have to look far to wonder why Reddit bros are trading speculative stocks like baseball cards.  I attribute this populist interest in day-trading to three things:

1- The Federal Reserve Banking System.  Artificially low interest rates encourage borrowing over thrift.

2- Cheaper Trading Platforms.  Fintech has virtually eliminated all costs for active traders.  The knee-jerk Read more

Overnight News: Racism isn’t racism when it’s anti-Ant racism.

Ya think it's easy?

“When you cheat a dog, you deserve what you get.”

The idea of ‘systemic’ racism is stupid. People who habitually make poor choices always blame everything but themselves. But if you’re looking for ubiquitous, constant, inescapable racism, I can point you to it:

Follow elderly Asian women in poor neighborhoods in big cities on either coast. When they go out unaccompanied, they will be visited with endless, unrelenting racist verbal and physical attacks, coming almost entirely from young black males. That would be reality, rather than ‘news.’

For purposes of racial despoliation, Asians are white. So, too, most Hispanics. How can that be so? Because ‘white’ means Ant, and Ants are to have been devoured by Grasshoppers. The people who denounce ‘white supremacists’ insist that you are one if you respond appropriately to values and incentives – no matter what your skin color.

Bad news for everyone, worse news for Asian kids who bust their asses believing that America is a meritocracy.

In other news:

Redfin: Austin, Atlanta & Tampa Are Attracting Homebuyers From More Expensive Cities, Contributing to a Housing Supply Crunch.

CNBC: Want to own an apartment building? Buy a distressed hotel for pennies on the dollar.

The American Mind: Biden Doesn’t Need Woke Help to Destroy America.

John Kass: Erasing classic literature for kids.

City Journal: Science Betrayed: The propaganda infecting K–12 science curricula, especially on the environment, won’t go away.

American Mindset: Contra Experts.

Overnight News: Failing up: Amazon’s new Grand Poohbah is the jerk who just cost shareholders billions.

Ya think it's easy?

“A puppy bit my nose – and I liked it.”

Jeff Bezos resigns. Big yawn. He has to make more time to take Soros lessons.

What’s funnier about the swap is his replacement: Andy Jassy, the man who killed Parler and in so doing alienated thousands – perhaps millions – of Amazon’s retail customers, costing shareholders billions of dollars in the long run.

So I’m left to wonder: Is he really so good that he can make up for a billion-dollar blunder? Or is Amazon less in the retail business and more in the Soros business?

In other news:

Redfin: 2021 Housing Market Shaping Up to be Even Hotter than 2020.

CBNC: Mortgage refinancing suddenly surges, but homebuyers stall due to sticker shock.

Housing Wire: White homeownership rate hits nine-year high. Black homeownership, meanwhile, fell to 44.1% in the fourth quarter of 2020.

City Journal: New York’s Housing Refugees: The affordability crisis is a burden for residents and a drag on growth.

FEE.org: Local Kroger Stores Close as California ‘Hero Pay’ Ordinance Backfires.

Real Clear Politics: Enemies of the State vs. Enemies of the People.

City Journal: Secretary of Ethnic Studies? President Biden’s choice to lead the Education Department has a thin record—except in one trailblazing area.

Overnight News: The Jeopardy Line: A measure of commercial wisdom.

Ya think it's easy?

“Land of the free? Home of the brave? Or just well-groomed cowards? Burma Shave.”

Want to hear the most remarkable news in the past calendar year?

Jeopardy, the game show, had a perfect chance to piss off half or more of its audience – and it passed!

The most important thing any commercial entity can do right now is to overtly and repeatedly kiss Marxist ass in public, no matter how many of its long-standing customers it alienates.

Don’t believe me? Good grief: NASCAR, NFL, NBA – even the NHL. Fox News, Kohl’s, Sephora. Still don’t believe me? Watch the commercials on TV and try to figure our what is being sold to whom. Just don’t try to sell anything to white female voice actresses: They’re cancelled as a class.

But Jeopardy, when presented with the chance to go with the flow, chose instead to stick with the dough: If Katie Couric insults the audience, she’s fired.

I’m calling this The Jeopardy Line, the refusal to destroy your business in the foolish pursuit of approbation from totalitarians. We’ll see if Jeopardy can hold the line, and we can watch in wonder as once-great commercial enterprises devour themselves – live on TV.

In other news:

City Journal: Remotely Competitive: Cities and regions are betting that working from home is the next big thing in economic development.

Willamette Week: A Key Indicator of Real Estate Investors’ Interest in Portland Shows a Precipitous Decline.

David Marcus: Why Trump Should Press His Case On Voter Fraud.

Townhall: Whoa: We Now Know How Many Guns Were Purchased In January.

Jordan Davidson: Stanford Doctor: COVID Lockdowns Were An ‘Overreaction’ To ‘Protect The Rich’.

Angelo Codevilla: How Our Oligarchy Crushes Terrorism: The FBI’s increasing preference for political action over bona fide investigations is part of its overall decadence—laziness, incompetence, and eagerness to integrate with the ruling class.

Overnight News: Scaling our efforts makes us richer, but it’s making the effort that makes us rich.

Ya think it's easy?

“The best way to train your puppy? Raise him around already-trained dogs.”

Single people produce about as much wealth as they consume. Married fathers produce around five times as much wealth as they consume. The wealth of the West emerges not from scaled productivity – the Dc innovations the marketplace worships – but from the friendly Ds competition among fathers to better provide for their families.

Big duh, huh? Who knew…?

In other news:

Forbes: Death Of A City: The Portland Story?.

CNBC: Americans are flocking to the suburbs — here’s how much you need to earn to buy a house.

City Journal: Soft on Crime: A Biden administration policy of weak policing and lax prosecution would be a disaster for the nation’s cities.

American Greatness: Hijacking the Clown Car: The GameStop revolt should serve as a message to those in charge: you are loathed by ordinary Americans who are struggling to get ahead.

Roger Simon: How the Hydroxychloroquine Scandal Wrecked America and the World Along With It.

David Horowitz: A Tsunami of Hate: There is one party that seeks to demonize, criminalize and extinguish dissent.

FEE.org: David Mamet Explains What Happens When the Experts Fail.

Overnight News: For now, there are predators and prey. Heaven to be neither. Hell to be both.

Ya think it's easy?

“A well-trained dog is never doing anything but having fun – even when he has his jaws clamped on your neck.”

I like Aesop’s metaphor of the Grasshoppers and the Ants because it explains how (un)civil society is actually divided: Ants work and build while Grasshoppers play and prey – on Ants but also on other Grasshoppers.

Beginning with the Tea Party, all of Trumpism is a slave rebellion by the Ants against the Grasshoppers. As noted here and nowhere else, the ongoing exodus in the United States is Ants fleeing Grasshopper dominated cities and states. Gamestonk is belligerent Ants laying siege to apex-predator Grasshoppers. And now the Deep State is gearing up for an Ant pogrom – the gradual dehumanization and eventual extermination of as many Ants as possible.

Marxism is Grasshoppers devouring Ants, and, hence, it is necessarily self-extinguishing: Feasting on farmers leads to a gradual narrowing of dietary choices. But Marxism is the predation of all against any, so for now, alas, we need only think of ourselves as predators or prey.

Strive to be neither. God help you if you’re both.

In other news:

Karol Markowicz: The future is Florida.

Minneapolis Star Tribune: Pandemic has more Twin Cities home buyers looking outward.

Rick Moran: Here’s Why Impeachment Will Backfire on Democrats and Make Trump Stronger.

Daniel Greenfield: Unite and Heal With Show Trials and Fascist Purges.

Clarice Feldman: You Will Be Made to Believe Implausible Things.

Overnight News: Feel something in your eye? It could be the big fat thumb of the Ruling Class.

Ya think it's easy?

“They know all about you. Could it be you know nothing about them?”

Yesterday, the putative “elite” struck back – twice. Not for Gamestonk and not even for Trump, specifically, but simply to put you in your place.

So, first, in response for a four-year domestic espionage and political interference operation unparalleled in American history, precisely one person was tried and convicted of crimes. He was sentenced yesterday. To probation.

And: An interstate domestic terrorist group was nominated for the Nobel Peace Prize.

They’re not screwing with you, and it’s not just the Opposite Game. They are telling you what their values are: Murder and treason are literally noble in the pursuit of power.

In other news:

Housing Wire: Experts optimistic about home sales in 2021.

Wall Street Journal: Keith Gill Drove the GameStop Reddit Mania. He Talked to the Journal.

Chip Roy: Leftists Must Be Punished At The Ballot Box For Their COVID-19 Hypocrisy.

Reason: School Choice Spreads as Pandemic Public Education Falls Short. Never forget: Freedom emerges when tyranny retreats. Rejoice and be glad in it.

Overnight News: Understanding oligarchy: “It’s a big club, and you ain’t in it.”

Ya think it's easy?

“Hide my toys? That’s not fair. Hide my food? That’s war!”

I saw this on Facebook, and it sums the world up perfectly:

Are the people who can get trading stopped in the middle of a trading day the same people who can get vote counting stopped in the middle of an election night?

Wall Street is red-pilling America so well that it is making the election fraud that much more plain.

We know we live in a two-tiered justice system, and yet we know we cannot do this and sustain a Ds economy. Leadership can try to wear other hats, but followership is a loyalty borne of mutual love.

Our would-be leaders are palpably self-seeking, and most do nothing to hide their contempt for ordinary people. This will not have happy consequences.

More underground Gamestop news:

is the squeeze squoze yet?: as of January 29, the squeeze has not been squoze.

In other news:

Housing Wire: Mortgage rates dip back down to 2.73%.

CNBC: December pending home sales drop as buyers face record high prices and low supply.

Redfin: 55% of Homes Under Contract Within 2 Weeks, a New Record.

Housing Wire: New home sales historically high in 2020.

Redfin: Housing Supply in Rural Areas Drops a Record 44%, Helping Drive the Overall Shortage of Homes for Sale.

Sean Davis: The GameStop Saga Isn’t About Finance, It’s Part Of The Ongoing War Between Elites And Populists.

Matt Taibbi: Suck It, Wall Street.

Daniel Greenfield: When Resistance Became Sedition and Sedition Became Resistance.

Joel Kotkin: Woke Politics are a Disaster for Minorities.

David Marcus: How Equity Will Destroy America.