BloodhoundBlog

There’s always something to howl about.

Archives (page 41 of 372)

He blinded them with science: Taking up the vocabulary of self-adoration at The 21Convention.

This is me speaking at The 21Convention earlier this month in Austin. The title of my talk — “Ontologically-Consonant Teleology” — was a joke, an early intimation that I intended to be dry, pedantic and boring. In reality, I gave them my pure schtick, hard-core egoism delivered with a garage-band attitude.

I enjoyed myself hugely, but I always enjoy myself when I get a chance to speak in public. The audience dug it, too, judging from the reactions during and after my presentation.

I want more opportunities like this. If you would like me to speak at your event, let’s talk.

Inciting a media revolution: Oprah meets Rodale meets Breitbart meets Facebook — meets you.

I don’t go to your church.

I’ve taken to saying that when I run up against some testy quibble based in some arcane branch of human knowledge I care nothing about. I don’t go to your church. I don’t shop at your store. I don’t trade in your currency.

I’ve spent a big chunk of time this year trying to figure out how to get ideas that seem obvious to me across to people who seemingly cannot see them at all. I’m getting better at this job, but it hasn’t been easy.

But look at this, from FreeTheAnimal.com: Fifty shades of bleak: Looking for love everywhere it isn’t. The comment stream is huge and growing bigger very rapidly.

Take note of this, which I wrote a couple of summers ago: Yuppie love: The egoist’s guide to mastering the art of frolicking naked with the one you love.

There is tons more in my catalog, and tons upon tons upon tons more still to be explored.

Here is what I see:

There is a media empire stuffed inside the covers of Man Alive! Think Oprah meets Rodale meets Breitbart meets Facebook — a self-sustaining self-help community focused on fully-human values.

I think there is an afternoon TV show in there, Oprah-ville for real, but there are plenty of other opportunities this side of Sixth Avenue.

I am a visionary. I am rich, rich, rich in ideas no one knows to care about until I can convince them that they should care. But I am rich, too, in ideas that will make a community like the one I’m talking about work — possibly making it all the way to Sixth Avenue.

There is money to be made here, and not just a little bit. I need an investor, one with a burning urge to incite a media revolution.

I don’t go to your church. But I can show you and everyone how to get to mine.

Shyly’s delight: Manifesting the secondary consequences of splendor.

Man Alive! elucidates the ontology of human social relationships, but it’s dense, tough sledding. Appended below is a easier-reading summary of some of these ideas. I wrote this as a speech for my Toastmaster’s Club in August of 2001. In the blog.world, I’ll throw out details about our lives, but that’s really just so much plastic fruit, local color. This is the world that I live in, the world I wish everyone lived in… –GSS

 

Shyly’s delight: Manifesting the secondary consequences of splendor.

I have a Labrador mutt named Shyly. She’s about three years old, but because she’s a Lab, she’ll always be a puppy. Always busy, always involved, always eager to be right in the middle of everything.

Shyly is the world’s greatest master at expressing delight. She has a fairly limited emotional range — sadness, boredom, territoriality and contentment. But at expressing delight, Shyly is unequaled. When I come home, even if I’ve only been away for two minutes, Shyly races back and forth through the house, her every muscle rippling with undiluted delight.

It’s an amazing thing to watch, funny and charming and sweet. Shyly’s joy is clean and whole and pure and perfect. Uncontaminated by memories of past pain. Unfiltered by guilt or shame or doubt or self-loathing. Untainted by envy or anger or malice. Unaffected by affectation. Shyly’s delight is impossible to doubt, and the day she fails to express it will be the day she has scampered off this mortal coil.

“What,” you may ask, “does this have to do with me?”

Here’s what:

Friedrich Nietzsche said, “god is dead.” By this he did not mean that there had once been an omnipotent universe creator but that he had since expired. What he meant was that the manifestations of modernity had rendered religion unable to provide significant moral guidance to educated people. Unexpurgated religion had become inoperative as a moral lodestone.

This is actually non-controversial. When we make reasoned arguments about what one ought and ought not do, we do so by reference to philosophy or psychology or practical consequences, not to religion. Even members of the clergy do things this way, precisely Read more

I hate to ask for anything, and yet I am literally reduced to begging for attention.

This is the Big Reveal from the third act of the movie Punchline, a naked confession from Tom Hanks’ character, Steven Gold:

“If you’re sending someone down, you better send him fast — ‘cuz funny Steve’s going under.”

I understood that line much too well when I first I heard it. I’ve lived with it rolling around in my head for the past twenty-odd years, and now I’m living it in real life.

This is from mail Cathleen sent today to someone (one of many someones) we owe money to:

We do have a problem: Greg and I are broke just about to the point where we aren’t able to keep our business afloat. We have shut off notices for our internet and phone (we gave up TV months ago), for our electricity, for our gas, and for our water and city services. Our house is scheduled for foreclosure within the next three weeks.

Since the First of April, we’ve only closed four transactions, for a total of $9,220 in commissions. We have only one transaction in escrow right now, and that’s a short sale, so who knows when it will close. I’ve been busy getting two houses ready to list and trying to sell furniture, lithographs and anything else that might interest anyone to try to keep lights on and our pets fed.

I’ve been keeping a careful eye on our bank accounts, and right now, if we were to send you the money we owe you, we will have a bank balance of $0.00 in the business account and $1.19 in our personal account.

I’m sorry to have to share such bad news. We’ve been working like crazy to turn this situation around…

This post is not an appeal to pity. Too much the contrary. Two Foreclosure Notices ago, Cheryl Johnson tried to beg for money for us, and I shot that idea down with dispatch. The last thing I want is money I haven’t earned. But after a lifetime of working my ass off for about fifteen cents an hour, net, Greg Swann is going under — and not slowly.

This is so stupid. I Read more

Priceless: “Our home ownership strategy will not cost the taxpayers one extra cent.”

The American Enterprise Institute on the premeditated assault on the prime mortgage:

When it comes to a government centered society and its deleterious consequences, our Government Mortgage Complex is the undisputed poster child. There has been no greater economic failure than the collapse of the housing market due to decades of government intervention and crony capitalism.

Voters need to be reminded about how this disaster came about. It began with the premeditated assault on high-quality, credit-worthy prime mortgages. The perpetrators were Fannie Mae, community groups, and Congress, each of which had the means, motive and opportunity for undertaking this assault.

As early as 1991, community activist Gale Cincotta, was laying the path for undertaking such an assault in her testimony before the Senate Banking Committee. “Lenders will respond to the most conservative standards unless [Fannie Mae and Freddie Mac] are aggressive and convincing in their efforts to expand historically narrow underwriting,” she stressed.

Using Fannie and Freddie as the means to expand underwriting standards caused an immediate problem for existing subprime lenders and insurers. In 1992, about 14% of new mortgages had impaired or subprime credit with a FICO credit score below 660. Virtually all these borrowers were already served by private subprime lenders or those using FHA insurance. As Fannie and Freddie expanded into subprime, something had to give-subprime lenders would have to abandon the field or move further out the risk curve. They chose the latter, with the result that both prime and subprime lending got into much more risky loans.

The motives of Fannie, community groups, and Congress were clear. Fannie wished to protect its valuable federal charter by using trillions of dollars in flexible loans to woo and capture its regulator: Congress. Community groups like ACORN relied on flexible lending to create multiple revenue streams from banks, lenders, Fannie and Freddie, HUD, and others, since they made money from counseling homebuyers, assisting in loan originations, and counseling defaulting borrowers. Members of Congress viewed the many trillions of dollars in flexible lending announced by Fannie and Freddie as a superior form of pork to help them get reelected. It was off-budget, costless, and Read more

Why Does Zillow Hate my House?

Why Does Zillow Hate my House?

If you are a real estate geek like me, you are obsessed with real estate valuation.  It’s bad enough that I spend most of my day performing real estate valuations for numerous investments, but my passion for real estate sends me off to open houses on Sunday’s just looking.  You know it’s bad when the realtors know your name and worse when they give your that disapproving stare of disdain as you ask them for the 50th time, “how long has this home been on the market”?

To be fair, my fiancé and I are in the process of searching for a brownstone in Brooklyn.  While we probably won’t be in the market for two or three years, I like to stay on top of pricing and opportunities, so I can jump on any wayward / misinformed price.  Plus, I am a real estate nerd.  Given this, I am also considering selling my New York City condo.  It’s too small for a family, and I haven’t lived in it in three years now.  It will make an awesome pied-a-terre when I am 50, but I am not sure I want to keep paying the gap between my rental income and the very large mortgage / ever increasing condo fee.  I dread the day when the fee will be larger than my mortgage payment, but its coming.

This leads me to a very real problem.  How can I determine the true value of my home without putting it on the market?  I work in real estate private equity.  To determine the price of an asset, I can call an appraiser, three or four brokers and ask a friend what he might pay.  Averaging all those numbers gives me a good approximation of the price of my asset and best of all its free and takes about 10 mins, including idle chitchat.

But what about my home?  It has become easier to see what other people have recently sold their homes for.  Websites like Property Shark, Street Easy, etc. offer a good real estate detective past sales data of comparable property. Read more

Love, sex and philosophy: My book The Unfallen is available on Kindle.

My novel The Unfallen is now available as an Amazon Kindle eBook. Here is the way I blurbed the book when I wrote it:

The Unfallen is a very sexy book about philosophy and a very philosophical book about love and longing. It’s written about and for smart, productive people who live to love their lives…

I can summarize it Ari Gold-style with three quick synopses:

1. It’s a very romantic novel about philosophy.

2. It’s a send-up of genre romance fiction, a literal inversion of the bodice-ripper how-to book called “Adventurous women, dangerous men.”

3. It’s fifty shades sexier, celebrating the splendor of real love, not the squalor of degradation.

Here’s an extract from The Unfallen, the poem that was the instigating cause of my own marriage:

you come to me by starlight
in a gown of gauzy white
your sacraments revealed concealed
high priestess of the night

you whisper vespers whisper prayers
whisper vows of faith and fear
in still and silent grace you stand
as i in trembling awe draw near

i kneel in worship grasp your hand
press it to my searing lips
pray god to know the endless peace
flowing from your fingertips

you come to me in night divine
your glory lit by crowning gold
you consecrate by hungry glance
devotion’s heat in evening’s cold

you come to me i kneel i stand
you lay me on the dewy ground
you guide my worship guide my hands
lead my heart your heart to sound

you speak to me with loving grace
you catechize in passion’s glow
you reach you teach you seethe and burn
and i am blessed by truth to know

you come to me in gauzy gown
high priestess of the night
i lay in awe in faith in fear
lifted to your heaven’s light

I want you to buy this book, but before that, I want you to help me promote it. If you’d like a free review copy, just say so. The quid-pro-quo is that I will want you to write a review of The Unfallen at Amazon.com. And I would love it if you would recommend the book to your warm network by email, blog or Facebook.

My vow: The Unfallen will more than repay your involvement in the form of a happier, sexier, more-fulfilling marriage. Read more

The Inman Two Step – Errol Samuelson has an opportunity to get it right…

Warning – long post ahead. I had a lot on my mind. 😉

This last week and my trip to Inman has been a whirlwind and I just walked in the door from the airport.

I have literally been too busy to write some of the things that I experienced and I really want to have some time to put them in context and “digest” some of them so that I can (hopefully) use what I saw to provide something useful in future posts.

That said, the first of my impressions was the most clear and thus most easy for me to put out into the arena of public ideas while it is still fresh. One of the panel discussions was the “Syndication Discussion” which included the usual representatives, (Saul Klein, Spencer Rascoff from Zillow, Errol Samuelson from Realtor.com, and others) including Mark McLaughlin of Pacific Union. (Note to Mark – I don’t know you personally, but nicely done. The crack about “I’m not outnumbered the audience is on my side.” was priceless. There were many people in that audience that wanted to get up and say something, but did not…)

Ok, now to my main point. At one point in the panel, Mr. Samuelson turned to Mr. Rascoff and pointed out that they include FSBO listings on their site at which time Mr. Rascoff replied that REALTOR.com included non-REALTOR listings in THEIR site as well. (gulp–start the music and Mr. Samuelson proceeds to do the “Inman 2 Step – a dance done by executives when they want to avoid continuing the line of discussion that THEY started…) This is a point which I had made recently in a post on Real Estate Industry Watch. And the folks at Realtor.com had actually asked to meet me about at Inman (and we did…).

If you read what I wrote at REIW, I specifically was concerned that REALTOR.com has a HIGHER LEVEL of ACCOUNTABILITY because they are the OWNER of the REALTOR trademark. (Please, we can leave the anti-NAR stuff for a later post, I am trying to stick to one issue here) Since they HAVE Read more

Primary Home – Investment or Liability

Pre-2007, I am not sure this topic would have even been controversial; people not only regularly utilized their home as their “primary investment”, but often, treated it as their personal piggy bank.  In hindsight we can all judge others as we secretly lick our own wounds from a vicious downturn no saw coming, but that experience left a visceral taste in many mouths.

Most experts would suggest that your primary residence is not an investment.  Why, you ask?  First, you purchase a home based on need.  Your buy and sell decisions rarely spring from analytical thinking around market timing.  Instead, most times, they are rooted in your changing life needs.  Second, investment strategy wages a secret war with your personal desires.  For example, I want a tricked out man cave equipped with a full wet bar, bathroom and other appropriate amenities.  Am I thinking about the return on my investment, or the endless joy my friends and I will have watching football on Sunday, Monday and Thursday?  Sure, I will likely increase the value of my home with these upgrades, but the anemic return on investment, if any, would never be worth the money.  Said differently, would you make the same upgrades to your rental property; probably not.

If it was that easy, I wouldn’t write the article.

I will start with a question.  Is it easier to invest in stock or buy a house?  Right now, Berkshire Hathaway Inc. (NYSE: BRK.A) trades at $128,175 per share.  Its five year performance has been strikingly similar to the performance of many real estate markets.  If you have a job making $50k and $7k in the bank, do you think you will ever in your lifetime own a share of Berkshire Hathaway A outside of a very lucky lotto ticket?  The answer is unequivocally no.  You don’t qualify for the right to buy on margin and even if you did, where would you get the 50% required to do a margin buy?  And how would you live on the prison food when the margin call comes?  All important questions to consider…

Now, let’s take that same fellow Read more

Where is the Real Estate Market Going Today???

If you are like me, you have a random sampling of news websites to keep you abreast of the happenings of the world every hour or so.  It’s the age we live in; every data point, story, press release, blog post triggers a monsoon of pundits and analytical analysis that either sends you running for the hills or tripling down on your latest investment.  If you don’t believe me, scroll through this reputable blog and tell me how I should be the most confident in years on Tuesday then be disappointed in home sales twice only a week later.  With everything out there, how do you find the truth?

First, understand the underlying data.  As it relates to real estate, one needs to be especially cautious.  Data may or may not be adjusted for seasonality, it may or may not be a selection of particularly poor or particularly good markets, it may be new homes vs. existing homes, etc.  With the need for new headlines every hour, data can and will be manipulated to tell whatever story is the flavor of the moment.  Personally, I always start at one of the sources.

Second, understand the basics of real estate.  Unlike the stock market, real estate is slow moving, plodding, and a hyper-local asset class.  Despite what the headlines might say, you have not missed the bottom in many locations.  If you are looking to buy a single family home, tomorrow will be just as good a day as yesterday, as will six months from now.  Interest rates tend to move on a quarterly basis and rarely increase more than 0.25% in that time span.  Sure, your neighbor might have a 3.75% interest rate, but your 4.25% will put your payments close enough and will still be historically, the lowest in our history.

Investors will likely need to act with more urgency.  In most of the hardest hit markets, institutional investors (i.e., private / public corporations with lots of money to spend) have quietly been buying up homes at a breakneck pace.  Trying to find a bargain in Florida or Nevada is no longer a Read more

See Man Alive! live in Austin, August 17th – 19th, at the 21 Convention.

I will be doing an hour-long presentation on my book Man Alive! at the The 21 Convention in Austin. The convention runs from August 17th – 19th, and I will be speaking first-thing in the morning on Saturday, August 18th.

My topic? Intellectual self-defense amidst the last-gasp collapse of Rotarian Socialism. Not too surprising if you’ve read Man Alive! My plan is to go through a number of specious arguments, with examples, showing you how to defend your self from the pandemic deceptions deployed by demagogues to defend tyranny.

The 21 Convention is put together by Anthony “Dream” Johnson. It seeks to “surface, restore, and actualize the ideal in man” — a goal I can heartily endorse. There will be a total of 18 speakers over the three days of the event, including Yaron Brook of The Ayn Rand Center for Individual Rights and Richard Nikoley of FreeTheAnimal.com.

Anthony Johnson runs his events like Brian Brady and I should run ours, very professional and strictly business. If you want to come see me or the other speakers — with topics ranging from philosophy to politics to health and fitness to sexual relations — you can buy tickets by clicking on this link. That’s an affiliate link, which means that I’m getting a piece of the business, if that matters to you. You can buy three-day or one-day tickets, with upsells, but note that the prices go up on July 31st. There will be video of the presentations available for sale after the event.

I’m interested in doing more of these, if you have a microphone available for me. I’m doing philosophy at the 21 Convention, but there are a lot of topics covered and touched upon in Man Alive! that I would like to bring to an audience. As an example, I can do an hour on orgasms that will change your life forever. To see what I can do without an audience — on philosophy, not orgasms — visit the Videocast category at SelfAdoration.com. Meanwhile, if you’re going to be in Central Texas next month, come give me a look. I plan to put Read more

Tell it from the Mountains: Don’t Go to Law School

When, after deciding that think tank and political advocacy were a lost cause (as is true of many things, I should’ve consulted Greg Swann earlier about this), I went back to law school, I decided to go to law school, I had only the vaguest notions of what being a lawyer actually meant.

I knew I wanted to earn a good living. I knew I was pretty smart. I also “knew” that my years in managing non-profits had left me with precious few skills that might be attractive in the for-profit world.

Three years and more than $300,000 in direct and opportunity costs, I emerged from UNC-Chapel Hill (having completed my first year at Arizona State) with a law degree, the privilege (I mean that in the technical sense) to practice law upon passing the bar, and not much more. The economy had collapsed, and in the interim we had sold two homes in Phoenix, one for about what I bought it (thanks to Greg) and the other at a vastly lower price (through a broker my wife selected).

There were no BigLaw jobs for me to take, coming from a good, but not great law school, with good, but not great grades.

Fortunately, I had spent a year and a half getting my hands dirty as a glorified intern at a local Public Defender’s office, where I worked on some very serious cases, and helped win a trial for someone accused of a robbery, the evidence I located would show, he could not have committed.

More importantly, it turned out that I had skills that were much more important than lawyering. Technical and technological skills. And I discovered that I am, while introverted and contemplative, pretty good at interacting people through the crucial hiring (sales?) process.

If I had it all to do again, I don’t know that I would go to law school exactly. Don’t get me wrong: I am probably one of the few lawyers who loves practicing the law.

But I’ve found that I also like building things. I have tons of ideas on how Read more

Not everything can be coordinated in cyberspace. When you gotta move, don’t take a turn without Twist.

Twist screen shotCathleen and I have been playing with a new iPhone app called Twist. (Hat tip: GeekWire.)

What is it? In the shortest possible summary, Twist is ETA software. You tell it where you’re going, it tells you and the people you’re meeting there when you will arrive. Or they can tell you when they will arrive, so you don’t waste time thumb-twiddling. ETA is calculated on your actual motion, so it doesn’t tell anyone anything until you actually hit the road.

Twist integrates with iCal (which integrates with Google Calendar). It will tell you when you need to leave for an appointment so you won’t be late.

It also taps into your contact database, so you can select any destination you already know about. Twist keeps track of your past destinations, so reusing them is a breeze. And you can set up favorite destinations you use all the time (like your home or office), adding in the contacts associated with that site, for one-touch Twisting. (Realtors: Think about how many times you go back to a house you have listed or put under contract.)

And it integrates with Google Maps to give you driving directions and real-time progress updates on your travels. I don’t use GPS, and I’m off-the-charts kinesthetic, so this is more gee-whiz fun for me that something I need, but the people on the other end can track my mapping, too.

Here’s the PR movie for Twist, which for some reason is focused on dating:

Who (besides nervous daters) can use Twist? Happily-committed couples; if you’re cheating, Twist will tell on you. Bosses with drivers on the road, stipulating that the ability to supervise creates a liability for failure to supervise. And: Real estate professionals. Twist makes it easy to plan your day, to coordinate with clients, vendors and other team members — and to tell your spouse and kids when they might expect to see you again.

What would I change in the software?

I want every event in my calendar to be Twisted automatically, in the background, without my intervention. Moreover, I want the calendar integration to be more heuristic: It it looks like Read more

Creative Destruction as celebrated in the Huffington Post. ;-)

I was all set to write about how you should NOT use the new Zillow sites because I happen to agree with Don Reedy that they are sleeping with the enemy…when sleeping with friends is ONLY an FTP and a little bit of money away…c’mon people. 😉 ( I was even going to title it “A Mess of Pottage” just to get people talking… )

But then I saw this on the Huffington Post. Check it out. SERIOUSLY. Check it out.

Now for those of my friends that are more liberal, RELAX. 😉 Just because I saw a Google alert for Real Estate Blog from HuffPo does NOT mean I am drinking your Kool-Aid. You should know me better than that. 😉

And for my conservative and libertarian friends, RELAX. 😉 I am not drinking THEIR Kool-Aid. 🙂 🙂 Boy this political season has me stressed. hehe. Oh yeah…conservative friends..go back and read the post, don’t skip it just because it is HuffPo…you aren’t gonna die or go blind…grin

My goal was to offend EVERYONE politically in two paragraphs…how did I do?

I guess my points (I have THREE) with the above article was that I was well and truly surprised to see HuffPo celebrating the creative destruction of one business and noting the rise of another as an entreprenurial journalist shifted from Journalism to profitable blogging and made good at it. (Or is in the process of it).

And a corollary to that point. Creative Destruction WORKS. Even in our beloved real estate industry, just because things are the way they are today does not mean that they will be there for long. I am headed out to Inman this year (after a long hiatus from Connecting and Conventioning and etc) to enjoy some further reflection on where this industry is going and how to profitably stay in front of it.

We need to embrace change. Enjoy it and thrive on it.

How essential are brokerages? How about Franchises? How about Offices? How fast will business models change? Third party lead generators – are they vital? Or just an interloper?(All good questions IMO)

Oh yeah…the other two Read more

The Chupacabra, Loch Ness Monster, and the Most Rare Sighting of All; an Amazing Broker

It’s been quite a while since I last wrote on Bloodhoundblog.  It certainly doesn’t mean that I have been absent; frankly, it just means I have been too busy to take 30 minutes and compose an interesting thought provoking piece of writing up to the standard we have all come to know and love on this site.

But I digress, as a real estate investor I have only worked with two great brokers in my entire investing career.  I find most run-of-the-mill brokers to be under-educated, uninspired, and more interested in cashing a check by any means necessary than actually meeting my needs.  The first broker was a dynamic “buyers” broker, who understood my investment goals and my available capital.  Rather than over promising and under delivering, she relentlessly showed me house after house for 4 weekends straight until we found the right quaint little fixer-upper in my price range.  Her reward, a $2,000 commission on a $40k home sale and my testimony.

What was my testimony worth?  I did two more deals with her, both taking much less time and for a much higher dollar value in the next year (+$10k to her bottom line).  I did another deal with her the following year for another $10k to her and I referred her like crazy to all of my investing friends.  Even if none of them bought a single thing from her, she turned a $2k commission into $20k, at no additional cost to her and very little time thanks to her investment in me and her in-depth market knowledge.

Realtor number two is basically the same story, but add a few more zeros given some career advancement and price appreciation (Detroit vs. New York City).

From a buyer’s perspective, I am looking for the following qualities:

  • Market Knowledge – I don’t need you to print off a list of 80 comps (not reviewed 90% of the time) and ask me what I think.  I need you to send me a targeted list of homes you have been inside and already know will meet 90% of my needs.  I need you to know why this Read more