Brief: Inflation and Brokerage Profits

I’m super busy with a couple of important projects, and I’ve been up in the mountains celebrating the Sunny Freedom Tour ’21, so time is a bit short. But I did want to share something that I thought was interesting. As you know, I’m of the opinion that real inflation is way higher than the … Read more

Can I Sell My Home as an NFT?

Have any of you been keeping up with NFT’s? They are the latest and greatest get-rich-quick scheme that is just a bunch of internet trolls using decent marketing to sell mediocre artwork for outrageous sums of money. That’s all, right? What are NFT’s? It turns out NFT’s, or non-fungible tokens, might change the way we … Read more

How Much Does Emotion Matter?

Given the HOT activity the residential market has had since the covid pandemic, how would you, if you had to guess right off the bat, assume the big players’ stock is doing? Realogy, Zillow, eXp, ReMax, Redfin, Opendoor, Compass, Fathom Holdings…which one has had the most impressive 2021? But first, without looking at the numbers … Read more

Musings On Incentives

I had a long conversation recently with a friend who is serving as the president of a large REALTOR Association. He had heard my latest podcast in which I debate two of my friends about the value of the REALTOR brand, about the Association, about professionalism, and so on and he had questions. It was … Read more

The Notorious POD Ep 19: Prof. Scott Hemphill on Antitrust Issues in Real Estate

I interview Prof. Scott Hemphill, Moses H. Grossman Professor of Law at NYU School of Law and co-director of the Engelberg Center on Innovation Law and Policy. There aren’t many human beings who would be a better expert to speak to regarding the various lawsuits in the real estate industry. We discuss the various class … Read more

From Drew Meyers of GEM: Co-Opting Inventory

[Editor’s Note: PadSplit’s Atticus LeBlanc was the guest on Episode 4 of The Blueprint Sessions. This is the accompanying essay, originally published as a members-only article for members of the GEM.] Co-opting Inventory Housing is simply not affordable for most Americans, whether they are renting or trying to buy. We’ve known this for many years. … Read more

What the Hell is Actually Going on with Housing??

Is the housing market starting to slow down? At least a little bit? I’m having a tough time understanding what is actually going on. The Market is Cooling, right? To give you an example of why I’m confused, let’s take a quick look at Redfin. During my most recent site visit, I read an article … Read more

The Notorious POD Ep 18: Agent Teams, Zillow, Competition with Jeff Sibbach and Phil Sexton

In this episode, I speak with Jeff Sibbach and Phil Sexton of the Sibbach Team in Phoenix, AZ. We talk about the realities of today’s real estate, how top agent teams are functioning today, and why he believes Zillow is in fact a competitor. We get into a lot of issues including data, IDX, competition … Read more

The Implications of Financial Investors in Real Estate

Last month, I wrote a post wondering what financial investors might be thinking and noted that the post was almost entirely speculation: Yet, every single day, we hear about buyers getting outbid in ludicrous ways. I recorded a podcast with a broker in San Antonio the other day, and he made the point that on … Read more