HP does battle with an unprofessional, disgusting and desperate realtor: Greg Swann at Bloodhound Blog

I figured the guy must be having hard times. Phoenix real estate is having an historic meltdown. Sales are down 40% from last year. Inventory is up hundreds of percents. People stupid enough to work for Bloodhound Realty are likely hungry, desperate and pissed.

So, as predicted, who do they blame? Themselves? Nah. The market? Nope. Supply and Demand? No way. The fundamentals? Nope.

They blame the messenger, and in this case HP and yours truly.

But as we've said all along, that's to be expected from the small minded set. We expect plenty of REIC trolls and we get 'em. Greg Swann himself is our sock puppet here at HP, hijacking posters identities and probably spending hours here trolling since he has nothing else to do in life now.

But, the unprofessional weirdo went overboard the other day, with this revolting posting on his supposedly professional site (WARNING - FOUL DISGUSTING LANGUAGE - SKIP AHEAD):

Finally, it might be nice if everyone would chip in to buy Keith at Housing Panic some lubricant. The poor sod has been Masturbating to Armageddon for months now, to no discernible result. It’s gotta chafe…

(FOUL LANGUAGE OVER - SAFE TO READ AGAIN)

Yeah, that's professional. That's the kind of language professionals should use. I hope he doesn't have children, parents or attend a church.

Criticism I can take but that was just disgusting, and beyond the pale. I don't know about you HP'ers but I'd never do business with (or even associate with) a person who used that language. But par for the course with realtors I guess. Lack of class, lack of education, lack of intelligence.

So HP'ers tipped me off to this, so instead of going right online and posting something even more vile against this disgusting hack Greg Swann, I decided I should put an end to it right there, take the high road, and offer a truce, but back it up with a penalty if he chose to go to war. Here's my private note I sent him:

I’ll give you a choice. 1) A war with the thousands of HP’ers so harsh and loud your practice and reputation in Arizona likely wouldn’t survive (beyond the damage you’re doing yourself) 2) A truce. Here’s your post that is way beyond the pale, and made you look like some unprofessional weirdo. I’d suggest this be pulled by the weekend.

Well, he chose war. Here's his post on his site:

Here is Keith from Housing Panic volunteering to “go easy on me”, to “pull his punches” — essentially to “take a dive”. Why? Because he can’t bear up to the ridicule his ridiculous behavior incites. Bring it on, Keith. I’m having a great year, and you haven’t laid a glove on me yet. I’ve never pulled a post and I never will. I’ve never failed to tell the perfect truth about you — and I never will.

So HP'ers (or flying monkeys as he calls you), if you chose to join ranks with me versus Bloodhound, here's what I suggest to start the war plan. Please add your strategies and tactics as well:

1) Fight his disinformation and REIC spin with the facts. And the facts are pretty simple - housing is crashing, we're in the beginning stages of a historic meltdown, and he and folks like him are on their way to losing their careers. How can a Phoenix realtor look you in the eye and say everything is fine when sales are off 40% from last year? 40%? And now it's even getting tragic in Phoenix.

2) Flame away, and hard, over at Bloodhound Blog. If he's gonna troll here, feel free to hit 'em there. I know I'm helping him drive traffic to his site, but hopefully anyone thinking of buying a home from this disgusting unprofessional creep thinks twice about it after visiting his blog.

3) Dig up postings, articles and quotes from Greg Swann for all to see. Where he admits having unlicensed or out of work realtors working for him. Where he tells people there is no housing bubble. That sort of thing.

4) Here are his meager listings. I'm sure these homedebtors would like to know the type of unprofessional and revolting man representing them.

At the end of the day, I feel sorry for him. A desperate and disgusting man, losing his profession along with all professional respect. He's lost mine for sure.

The stench over at Greg Swann's Bloodhoundblog grows, his fellow realtors turn on him, and his writers are leaving in droves

Every dog has his day

I never understood why any six-percenter would want to be associated with Swann. It can't be good for what's left of their business or reputations.

It's tough to keep up with the downfall of Swanndive and all the associated realtor-on-realtor violence, but I guess this is what happens when homes don't sell. Here's the latest below, and also check out the drama-filled comments here. Thanks HP'ers for the links.

Prominent Bloggers Leave Bloodhound Blog

Jay Thompson, Kris Berg, Jim Duncan. If you read real estate blogs, you know these highly respected and talented writers. All were contributors to Greg Swann’s Bloodhound Blog. No longer.

Jay Thompson (Phoenix Real Estate Guy), was the first to announce his withdrawal in a comment to this post. Later, it was learned Kris Berg (San Diego Home Blog) and Jim Duncan (Real Central VA) also left.

Greg Swann had no comment on why the bloggers decided not to write for his blog any longer.

One can only speculate the reason(s) for the mass exodus. I use the word “mass” not based on numbers or posts but on the impact to Mr. Swann’s blog with the departure of such prestigious and popular bloggers.

NPR KJZZ radio report on the bubble

Listen to the whole show. Damn, I miss NPR... Note, Greg Swan, the idiot from Bloodhound Realty who called HP'ers 'flying monkeys', in full CYA mode now, is part of the "expert panel", so a real hoot!

Lead-in quotes:

"You can't miss the for sale signs"

"Market seemed to get slower, and slower, and slower"

"I'm stuck with for sale signs all around my house"

and Greg Swan (the Bloodhound idiot):

"It's radically different from a year ago"

"We probably won't have any year over year appreciation in Phoenix, which is normal for Phoenix. If we give back 6% to 8% it's not the end of the world"

I think Mr. Swan at Bloodhound Realty needs to check in with the HP flying monkeys

Looks like Greg Swan at Bloodhound Realty ("HP'ers are flying monkeys") must have missed all the homebuilder meltdown reports yesterday. Must have missed the NAR coming out and saying that home prices were going to go down, down, down. Must have missed David Lereah's slides showing how bad the bubble was.

So let's all go enlighten him and his now very few readers. Post away, flying monkeys! Fly, fly, fly!

Looks like his fellow realtors have finally figured out that Greg Swann is an ass

And HP'ers ask:

What took them so long?

Read the posts and the hilarious comments. I'm not sure what's caused this realtor on realtor violence, but it's fun to watch... Thanks HP'ers for the links... and remember, don't go to his blog, he only wants traffic.

Why Greg Swann Should Ban Himself from Bloodhound Blog

BHB: Unsubscribed

I feel like sending the flying monkeys over to stir up another blog. Any suggestions?

It was sure fun to disrupt the hilariously unaware bloodhound blog. Remember the good times telling the truth over at firstrung.co.uk? Then there were HP'er hilarious reviews on the corrupt David Lereah's book on Amazon. And of course, the attempt to shake up Paranoid Ben's Boring Blog up a bit (but he censors every post so that nobody can mention HP).

So where should we go next, HP flying monkeys? Who needs a bit of truth today?

I'm leaning here, especially after this funny troll's (Paranoid Ben?) wise words yesterday:

Anonymous said...
for anyone who actually visits this blog to track bubble issues, may I suggest the following site:http://thehousingbubbleblog.com/

It is focused on topic and does follow wild tangents touting failed liberal ideas. You will not find the following there:unintelligent bashing of things not understood (i.e. Christian haters: if you think that televangelists and the like is representative of the true faith, then you are truly uninformed - try reading the Bible yourself).

Elite wannabes with vain babblings about Republicans being the great Satan, GWB a chimp, etc and the mighty Democrats (or Secularism) saving the world for all...was this site hijacked by Air America or George Soros?

No bitterness about life in general and displaying anger about things they have no power to change.and, no trash-talking, name-calling Sophmorish clique behavior that truly shows just how unrefined one is despite the apparent facade.A refreshing change...see you there.

HousingPanic blamed by California MSM newspaper with helping cause housing crash by confusing potential homedebtors

OK, now it’s getting weird.

HousingPanic was blamed today by the Palm Springs Desert Sun with causing the housing bubble to burst and spreading lies. Here’s the quote, I mean "fact", reported by the Desert Sun:

Ten fast facts about Coachella Valley’s housing market

#2: Blogs such as housingpanic.blogspot.com are helping to confuse buyers about everything from rumors to “bubble” theories.

Well, I’m flattered. And pissed. And laughing. "Fact"? Try "REIC spin point" instead.

Seriously, this reporter either made a big mistake reporting realtor spin as "fact", or is just simply another corrupted pawn of the REIC, like Catherine Reagor. You can ask for a retraction or clarification by emailing him here (michael.perrault@thedesertsun.com).

At the end of the day, it’ll all get worse, much much worse. HP and the bubble blogs will indeed be blamed in part for causing the bubble to burst, and thus the financial downfall of America. I’ll be called a treasonous traitor (as I was yesterday over at Bloodhound Blog), HP will be seen as a force of evil by crushed homedebtors and the devastated REIC, and we’ll get more and more trolls – mainly unemployed REIC and pissed homedebtors.

And to think, all we wanted is for housing to return to normal, where homes are again simply a place to live, not lottery tickets, with appreciation that matches the base inflation rate, and where a young couple could save up a 10% downpayment, take out a 30-year fixed mortgage, and pay a reasonable share of their income for a decent place to live and raise a family.

Another message on trolls

HP'ers, I'm afraid it's just gonna get worse as the housing ponzi scheme collapses and millions of REIC minions go unemployed, and direct their anger at HP.

People like Greg Swann over at Bloodhound are now trolling HP, trying to disrupt the blog. We're also getting trolls who enjoy swearing, spewing hatred, and the latest, using fake handles to mimic another HP'er.

I'm sorry Greg Swann if your life is now in ruins, and your credibility forever damaged. But instead of trolling HP, I'd suggest you start working on a job retraining program, or maybe find your way over to monster.com instead.

Luckily, there's this thing called the delete button on my end. And if you see a post that is obviously not from the poster you've come to know here at HP, click on the name and it'll take you to their profile. You know what mine looks like.

I'll keep swatting the flies, and eventually may need someone else I can trust to also monitor the board - send me a note if you're interested.

I like the free-flowing, out of control nature of HP, so I'll keep allowing Anon's to post, even though I wish they'd have the guts to choose a handle. But as always I won't allow swearing, racist comments or hateful posts on HP. Keep it clean, stay on topic, no threadjacking, and have a good chat. And above all:

DON'T FEED THE TROLLS

Too funny! Greg Swann of bloodhound realty, who called HP'ers flying monkeys and polyannas, admits Phoenix housing is crashing

Why, oh why, does anyone hire a realtor today?

Two words: Discredited Liars. That should never work in their towns again. Make sure you leave a comment for Greg here

From July 21st:

Which brings me back to HousingPanic’s question. We keep our own home sales price statistics, so we have no doubt that values are down from their high in December. How much? Right now, about 4%. Could they go lower? Certainly. Will they drop by the huge amounts HousingPanic and his flying monkeys seem to yearn for? This seems very unlikely.

From today in the Arizona Republic:

What's the spread of prices for these nearly identical homes? They run from $245,000 to $360,000, a difference of $115,000. Which ones will sell? The best-kept houses at the low end of the price spectrum will sell. The others will not. They won't even be shown.

The nature of this market is that people are still seeking prices for their homes that would have been outrageous a year ago, as we neared the end of our housing boom. Whatever they might say, these people are not motivated to sell their homes right now.

HP message to the REIC - kiss my blogger butt

To David Lereah, Nicholas Retsinas, Bob Toll, the realtors over at Realtytimes.com, the lazy Catherine Reagor of the Arizona Republic and her rolodex of realtors, the frauds at firstrung.co.uk, the idiot Gregg Swann at Bloodhound Realty, the incompetent MSM, the REIC HP trolls, and all the corrupt realtors, mortgage brokers, appraisers, builders, bankers and politicians involved in furthering the biggest Ponzi Scheme in the history of humanity, the Late Great Housing Bubble, I've got one thing to say.

Kiss my blogger butt.

There's no editor looking over my shoulder, no incentive to keep this bubble going. Blogging has changed the rules of the game, we are the proxy of the people, and your day is done. I look forward to reporting on the REIC jail sentences, the scandals uncovered, and the corruption exposed.

Thank you HP'ers for making taking this blog to over 250,000 views a month. I hope you enjoy the ride - we're just getting started.

We're going to have fun dragging "there is no housing bubble" articles and authors out for years to come

Sure, the corrupt David Lereah is an obvious one. The Henry Blodgett of the latest bubble. And the new town idiot from Harvard will be run out of town no doubt as well, and mocked for a generation.

Then you have other biased, corrupt members of the REIC like the Bloodhound Realty dolt, Bob Toll, etc. But I understand where their cheerleading came from - their livelihoods rested on the bubble going up and up.

But there are so many more lurking out there. Clueless "experts" who couldn't see the obvious writing on the wall. Nincompoops who never bothered to read about historical manias and crashes, and truly thought "it's different this time" and "the fundamentals don't matter anymore".

Here's just one of many "there is no housing bubble" articles from last year:

There is no housing bubble in the USA: housing activity will remain at high levels in 2005 and beyond by James F. Smith

There is no evidence of a housing "bubble" in the United States and housing demand should stay strong for years to come.

Three major factors lead to this conclusion.

First, the 77 million baby boomers are approaching the peak home ownership ages of 65-75 (over 83.0 percent versus a national average in 2004 of 69.0 percent).

Second, immigrants, a growing share of the U.S. population, tend to buy houses ten years later than people born in the United States of the same income group and family size.

Third, mortgage rates are not likely to go high enough (8.0 percent or more for 30-year fixed rate mortgages) to put a crimp in demand.

Despite some areas of concern, overall homeowners' equity is at record levels above $9 trillion. Delinquencies are still less than one percent of mortgages outstanding.

Financial Times lead editorial: Hard edge of a soft landing for housing - "effect on world's economy could be depressing indeed"

When the world's most respected business publication comes right out and tells it like it is, well, I'd say that trumps David Lereah, the goober at Bloodhound, that LA realtor poster, Bob Toll and all the other housing ponzi scheme purveyors and polyannas.

Yes, being a realist or a truthteller doesn't make you Mr. Popular, but in the end, aren't people better off with the truth? One thing Bush and Cheney should have learned by now with Iraq, or Dusty Baker with the Cubs...

Prepare for the fall folks. This epic credit-leverage-fueled, investor-led ponzi scheme spread to the financially uneducated and unsuspecting masses all over the world, and now it's over.

Hard edge of a soft landing for housing

The world's leading economies have long been given extra impetus by an extraordinary boom in the price of houses. That boom now seems to be coming to an end, but exactly what happens next and what the effect will be on the world's economy is not clear; the risks, however, are substantial.

Naturally, attention is most closely focused on the US market, particularly following the Federal Reserve's decision last week not to raise interest rates after 17 successive rises. That market now looks feeble.

What makes housing prices so im­ponderable is that they are bound up in the animal spirits of everyday punters. Prices can be pushed higher simply by the expectation that that is where they should go, as buyers scramble to buy what they cannot afford using ever more innovative mortgage products, while sellers hold on to property and sell only with a view to buying something even bigger. A slowdown in these red-hot markets is inevitable. It may be gentle, but it is impossible to rule out a collapse of sentiment and of prices.

Even a soft landing would mean a prolonged period of stagnant nominal prices. Prolonged weakness in the housing market has characterised the struggling Japanese and German economies, which is hardly encouraging. The trouble is that greater housing wealth has encouraged consumers to borrow and spend. If housing wealth stops rising, even if it does not fall, consumer spending, the engine of economic growth in the short term, is likely to stall too. Australia and Britain have both seen this pattern already. If the US consumer were to give up and go home, the effect on the world's economy could be depressing indeed.

Phoenix dead housing inventory at 53,126 today - and growing

Ya gotta wonder why houses are still going up in Phoenix all over town, with unsold inventory now at 53,000 units, up 523% over last year this time.

Yes, that's five hundred and twenty three percent. For Greg, the confused realtor at the Bloodhound group, take note - supply, demand, price.

I think inventory will stay in this range for a bit, as people pull their listings now and give up, not getting the price they "deserve", finally realizing they tried to sell too late.

But then again, you have all those flipper-owned condos coming on the market too, and I doubt many of those flippers will choose to rent 'em out and lose their shirt with the negative cash flow.

At the end of the day, Phoenix is still Housing Rout ground zero in my book (and in my heart). If you want to see a housing disaster, take a vacation this winter in Phoenix. The layoffs, the illegals, the For Sale signs, the "New Condos Available" listings, the lying realtors, the empty new neighborhoods, and the locals wondering where all the buyers went.

The Arizona Republic publishes an "article" by Greg Swann, the idiot realtor who called HP'ers "brownshirts" and "flying monkies" the other day

I can't believe I'm reading this crap. Guess the Republic must be feeling the heat from it's REIC advertisers. Give carte-blanche space to the town idiot, but even mention HP - no way!

I can't believe I'm reading this crap. Phoenix prices are crashing, inventory has exploded, panic has set in, and this gets published? Bizarre!

Don't be chicken about the real estate market

If you follow the real estate news, sooner or later you have to ask yourself, "How many times can the sky fall in a given day?" During our recent run-up in values, the Chicken Littles couldn't stop clucking about imminent doom. Since then the market has cooled, but the Chicken Little chatter is hotter than ever. The real estate market must collapse. It simply must.

This prediction will lay an egg. But don't hold your breath waiting for an admission of error. And if you yourself are waiting for the explosive report of the real estate bubble popping, you might just hear a pin drop instead. Here's why:

* Real estate and securities are both leveraged, but the real estate market is not the stock market. Stocks are instantly transferable. You can acquire or liquidate a portfolio in seconds. Moreover, while stocks are subject to margin calls, it would be insane for lenders to call their mortgages en masse.

* More to the point, homes have intrinsic value. A stock is worth what someone will pay for it, right down to nothing. In any place where it rains, snows or gets really hot, homes will be worth something.

* Which leads us to demand. Some locales have more houses than occupants. No bubbles will burst in those places, either, but their values will slowly deflate. In a market like metropolitan Phoenix, long-term demand exceeds supply. As long as it does, our long-term trend in values should be nothing but upward.

* Finally, sellers in a buyer's market are a lot less time-sensitive than buyers in a seller's market. In the latter case, the longer that buyers delay acting, the greater their costs. Hence, the frenzy. But if sellers stand fast in a buyer's market, they might suffer a loss. But they might do better by waiting. Or the marginal cost of waiting may be less than taking a low-ball offer. Or they may elect simply to wait out the market.

The bottom line is, Chicken Little be fried, the real estate market will be fine.

Greg Swann, a broker for Bloodhound Realty, specializes in West Valley real estate. You can reach him at (602) 740-7531.

Realtor's attack on HP readers continues... "let them go to hell in their own way"

Boy, it truly is amazing, yet sickening, to watch a realtor try his hardest to spread disinformation and denial.

I'd take this as representative of the kind of unethical behaviour probably seen throughout America today in the realtor profession.

Deny, deny, deny. Sell houses by any means necessary. Lie if you must. Cheat if you can. But get that commission!! There just have to be more suckers out there somewhere. Go find 'em!!

They'll learn though. Liars will get flushed out of the system, and truthful agents (like Osman) will survive the meltdown.

Here's today's attack by the ethical, brilliant and witty folks at Bloodhound Realty. Have fun responding on their site - the HP'er replies on the last thread were hilarious.

The BubbleBrains swooped in en masse today, having only just now discovered my 21 reasons to bank on the Phoenix real estate market.

Courage, confidence and competence are often found together in a solitary soul, but cowardice, cowering and impotence — these are the attributes of character of men who run in packs.

I am more than libertarian enough to let them go to hell in their own way, but it seems only common courtesy to point the way.

So I sent them hither and thither — blithering Bubbleheads lathered up into a dither. Now that’s just good, clean fun.

Realtor attacks HousingPanic ("cult-like fever to inflict suffering") and its readers ("brown shirts" and "flying monkeys")

This "attack the messenger" stuff will just get worse and worse I'm afraid. Where the bubble bloggers may even take some blame for the economic meltdown and people's misfortunes.

I think HP does good - at least for anyone who listened starting a year ago, and for first time home buyers a few years from now who'll be able to afford a home. I blog to warn others, and to expose the corrupt and powerful REIC, pure and simple.

Here's the attack by "bloodhound realty" (nice name). Feel free to respond on their site, make the author look like the ignorant fool he is, but play nice!

HousingPanic, a particularly vitriolic BubbleBlog — which is saying something — asks:
Realistically, how overvalued are Phoenix home prices?

Obviously, I consider this a profoundly silly question, but to lurk among the BubbleBloggers and their seething commentariat is to acquire an education in a slice of America invisible from this side of the sewer gratings.

Notwithstanding the idiotic economic analysis, which is really no worse than the static-market fallacies paraded as profundities in the pages of the Arizona Republic, these sites — and not just HousingPanic — are infested with a cult-like fever to inflict suffering — at second hand, to be sure — on people who are in fact guilty of nothing except failing to have drunk the BubbleBlogger KoolAde.

That’s all one. I don’t care. The whole of the last century was dominated by the bad behavior of viciously angry wretches, but look where it got them. The BubbleBloggers will someday bawl balefully in private, but they will never, ever admit that they have been very publicly very foolish.

You will know and I will know and in the secret chambers of their hearts they will know they were wrong all along. But as long as you don’t hold your breath waiting for that contrite admission of error, you should be fine.

Here’s where I do start to care. Whenever the subject of Phoenix comes up in a BubbleBlog, the assembled Brown Shirts pile on, for whatever reason. This is their perfect right — even though I think they’re wrong.