Luxury Real Estate

By Robert Lockard

This is my last blog entry in this luxury real estate blog. After more than a year and a half of blogging, I'm afraid my time has come to an end. I'm about to move on to something new and scary, but I suppose change always involves some degree of fear and discomfort. I will no longer be the editor of the Luxury Real Estate Blog.

Thank you very much, everyone who has taken the time to share their thoughts on this blog. I'm sorry if I wasn't able to respond to all of your comments, but I definitely read them all and tried to incorporate what I learned from them into future posts. I have grown a lot in the past year and a half and I think you can definitely see that by going back through my many blog entries and seeing me try to articulate my feelings and ideas.

I don't know if I'll be able to respond to your comments on this blog entry, so I hope you won't be offended if you write me something and I am unable to respond for some time. Thank you again for sharing a wonderful discussion with me. I would say more, but once again I feel compelled to hold my tongue and simply encourage you to keep holding to hope in these perilous times. Don't put your trust in men, but build your foundation on something sure.

Farewell, my friends.

Sincerely,
Robert Lockard

By Robert Lockard

I am sorry to keep talking about sad things in my luxury real estate blog entries, but I just read an article in CNN entitled “Ex-bankers on pushing customers to rack up debt” and it once again brought up many familiar concerns to my mind on the topic of consumer debt. I wish that I could talk about happy topics. I would much prefer to discuss luxury properties or any other topic, including how getting adequate sleep can lead to more success, but, alas, I feel it much more pressing to focus on the problems upon us.

I am absolutely disgusted by the state of our financial markets. It seems to me that dishonesty is rampant and the very people who are responsible for this mess are asking for a great deal of money to supposedly solve the problem. But I care about people much more than institutions. And, based upon the testimony of the two honest women in the CNN article, who both have good consciences, I see little difference between the practices of certain banks and lenders and the practices of drug pushers. Many lenders trick people into taking more money than they need, they strive to get young people addicted and they keep people in a state of dependency for extended periods of time. All of that adds up to trouble.

Debt is a plague that, when handled unwisely, can lead to all sorts of problems that I think are even worse than the horrible effects of drug abuse. People can at least stop taking drugs and eventually go through a process of withdrawal and recovery. But with debt, even if a person stops going into more debt, they still have interest building up on the money they owe and they face all sorts of roadblocks on the way to recovery.

The very institutions that have pushed so many people to get addicted to debt are now suffering from a major withdrawal (pardon the banking pun) and seem on the verge of collapse… wait a minute – collapse? How is this possible? It starts with how good people are treated. We have not been treated fairly and now those who have been engaging in dishonest practices are reaping the bitter fruit. We have become a nation of debtors, instead of a nation of wealth.

Perhaps our financial market, as it currently stands, should not be saved. Perhaps we must soon create an entirely new and honest way of working with our money. Whatever we choose, we cannot keep doing what we have been doing.

I feel like I’ve been ending every blog entry with an apology for being so negative. I just don’t want to leave my readers with a sense of anger or hopelessness. I think that there is much to hope about. There are plenty of good people in this world and in our wonderful nation, the United States. I am confident we will make it through this sad time. I just want to make sure this never happens again.


Editor’s Note:
Robert Lockard is the Public Relations & Media Specialist with LuxuryRealEstate.com. I am Robert. I create all of Luxury Real Estate's newsletters, write the editorials in LuxuryRealEstate.com Magazine and much more. The photo of the parrot biting a credit card is from www.flickr.com/photos/djkbird214/2695122732 and it is the copyright of dj-squared.

By Cynthia Naumes

New York was fantastic! I’ve been kicking the idea around to go to New York after I declined to join my boyfriend in Boston for one of his conferences. Each time I heard commercials about “saying goodbye” to the coliseum I felt a strong sense of sadness.

The last time I was in New York the Yankees were away and it has been on my “bucket list” to get there to see a game. It was now or never so at 1 o’clock on Saturday I booked a flight to New York, went online and bought a game ticket, then proceeded to get a hotel the miles from the stadium. By 5:30 I was on a plane arriving at 8 o’clock the next morning. It was a blast. I hooked up with two police officers, a luxury home builder and his wife from Scottsdale, a purse sergeant – born and raised in the Bronx – and his girlfriend a travel agent and a couple other people.

The two officers and I hung out, then met back up with the group (amazingly, because there were so many people) in line and the builder had four extra free tickets... up from the third base FOUR ROWS UP!!!! Oh my gosh, it was amazing.

No stadium chair. But great memories!


Editor’s Note:
Cynthia Naumes is a Real Estate Broker with RE/MAX Realty Group, a member of Who’s Who in Luxury Real Estate in Medford, Ore. She specializes in marketing luxury properties and rural ranches and farms in Southern Oregon. What an exciting trip! New York City is quite a special location because of its rich American history. If you would like to come and see this vibrant city with a group of fellow luxury brokers, Luxury Real Estate is offering a Post-Conference Networking Trip to New York City immediately after the 13th Annual Fall Conference in Philadelphia. Be sure to check it out! It’s sad to see the end of an era as Yankee Stadium will soon be demolished and replaced. What a great idea to put together a bucket list and do the things we are afraid of doing because we think there’s no time or they’re too difficult. I try to live my life so that I am prepared to die at any moment because I know that I have treated others with kindness and honesty and I am on the right path leading to constant improvement. I do as much good as possible so that I won’t have regrets about failing to do the most important things in life.

By Robert Lockard

As promised in my last luxury real estate blog entry, here is my discussion of some meaty topics I’ve wanted to talk about for a little while. The past few weeks have been pretty thrilling, wouldn’t you say? Wall Street dropped an incredible 504 points on Monday and 449 points on Wednesday. Fannie Mae and Freddie Mac, organizations designed to create stability, have failed. Other financial institutions, once seemingly healthy and sound, are facing bankruptcy and other troubles. Think that’s bad enough? Russia’s stock market is doing considerably worse.

Okay, that’s the bad news. Now let’s take a step back and switch gears a little. I am an optimist. I believe that good wins in the end. I think that right now many bad companies and practices are facing the fact that they have built upon a sandy foundation and they are in danger of falling. All of the companies that are failing are doing so because of their own greed and recklessness. Home loans were turned into investment packages and many other bad ideas were allowed to come about because of greed.

If these companies had built upon solid foundations and principles that were put into place to safeguard the country after the Great Depression, we would probably be all right. It comes back to greed and pride. There is safety in old wisdom.

I cannot say a hundredth part of what I desire to say right now because this might not be the most appropriate forum to share the most treasured things in my heart. However, I can say that we need not fear what people can do or what problems may arise if we can see how temporary they are. We should be patient, long-suffering, forgiving and kind, especially when times are tough. Anyone who knows me knows that I definitely try to practice what I preach, so I hope you won’t think that I’m giving this advice lightly.

Let these organizations tremble because of their fear of falling. We will not fall if we are firmly planted on truth and honesty.


Editor’s Note:
Robert Lockard is the Public Relations & Media Specialist with Luxury Real Estate. I am Robert. I create all of Luxury Real Estate's newsletters, write the editorials in LuxuryRealEstate.com Magazine and much more. Stribling & Associates is a member of the Board of Regents, an exclusive group of brokers that leads the Luxury Real Estate network. The photo of the Grand Canyon is from www.flickr.com/photos/raindog/2838872767 and it is the copyright of raindog.

By Robert Lockard

I recently finished writing an interesting article for the winter 2009 issue of LuxuryRealEstate.com Magazine. The article is on “green” homes, and it was a challenge to write, mainly because I have a number of concerns about the current global-warming scare. I was able to find a lot of good in “green” homes, especially their energy savings and positive health effects on residents. I shied away from discussing their environmental effects, since I am unconvinced that they will have any real ones, and saying that they will might give people a false sense of security.

To be sure, I am all for conservation and avoiding the waste or misuse of our resources. But something is very wrong with the current debate, or lack thereof, on global warming. I bring this up, not only because of my magazine article, but also because I read a very informative article entitled “Hot air over global warming” by Jerome Delvin in The Seattle Post-Intelligencer this morning. I highly recommend checking it out.

As I noted in the Editor’s Note of a July 31, 2008 post to the Luxury Real Estate Blog by Jean-Yves Piton entitled “Green luxury real estate,” many climatologists and other scientists are speaking out about the fallacy of manmade global warming. You can find a great deal of accurate information from top scientists who spoke at the 2008 International Conference on Climate Change. It is clear that the Earth’s atmosphere is warming, but there is actually little evidence to suggest that human activity is the main cause.

The data simply does not support the idea that the Earth’s temperature has increased at a steady pace along with the increase in carbon emissions during the past century or so. In fact, in the 1970s global cooling was touted as a major problem facing the world, not global warming. The fact that there was cooling going on during a period of steadily increasing carbon emissions seems to point to the fact that the relationship between manmade greenhouse gases and the temperature of the atmosphere is much more complex than we’re being told.

I believe that regular people can make a difference in the world, often by raising strong families and focusing on the most important things in life. However, it seems to me like this good idea (one person being able to have a positive effect on the world) has been twisted and used inappropriately when it comes to global warming in order to take advantage of well-intentioned people.

I often feel barraged with messages saying that I need to be more responsible and consume less in order to lessen my “carbon footprint” on the environment. I am wary of the rationale behind this argument for a number of reasons. There is little evidence that paying money to plant trees or somehow offset our emissions has a significant effect on the environment. In fact, an interesting study in Reportonbusiness.com found that our return on investment from putting money into the fight against global warming is so low that it’s really not even worth it. The fact is that, despite good intentions, one person, or even 6 billion people, can’t make much of a difference when it comes to global warming.

Returning to the “green” article I wrote, I tried to focus on “green” homes from the perspective of why a person would choose to purchase one. After all, they are more expensive to build, so there must be a promise of future rewards rather than a vague promise of being better for the environment. “Green” homes appear to be very sound investments because they cost less to maintain, contain fewer toxic materials and thus promote the financial and physical health of their inhabitants. I believe that “green” homes can be very good. But I do not think that they are good simply because they have some sort of positive effect on the environment that is, in reality, overrated and insignificant.

I have much more to say on this topic, but I’m afraid I just don’t have time to cover everything. I apologize if I have offended you. I am very passionate when I see injustice, and I wish to put an end to it. I think we need much more information before making changes that might have little or no effect on the problem we think we’re solving.


Editor’s Note:
Robert Lockard is the Public Relations & Media Specialist with Luxury Real Estate. I am Robert. I create all of Luxury Real Estate’s newsletters, write the editorials in LuxuryRealEstate.com Magazine and much more. If you disagree with me, I encourage you to look closely at the data before posting comments. I enjoy healthy discussions in search of truth, but I do not approve of name calling or unkindness. I just posted a blog entry by Simon Turner on Google Maps and “green” luxury homes. I don’t mean any disrespect to him by posting this blog entry. As I mentioned above, I think that there is a lot of good in “green” homes, but I just don’t think that they will make any difference on the environment. Update: This blog entry has been updated to remove two paragraphs.

By Yvonne Harvey

LuxuryRealEstate.com is planning a post-conference networking trip to New York for those attending the 13th Annual Luxury Real Estate Fall Conference, October 11-14, 2008. This trip is not just any networking trip … oh no. We have added some great entertainment!

Of my years in event planning, one of my most memorable trips was to New York City. Since the group I was taking included sports advertisers and die-hard Seattle Mariners fans, we went to Yankee Stadium to see the Mariners womp the Yankees! Hopefully there aren’t too many Yankee fans out there!

I decided in their trip package to add a Broadway musical … Tarzan. I got everyone together to go to the play, and I felt it was like pulling teeth from some of these sports fanatics to go to a musical. It never came to mind that it may not be cool to see a musical! So picture this, as we are leaving the play, I have all these people saying this was the highlight of the whole trip! Well hello! I’m guessing it’s cool now!

That’s why it wasn’t even a second thought … I had to add a Broadway musical into the post trip to New York, October 14-16, 2008. The play is Billy Elliot and it is getting RAVE reviews! An unprecedented smash in the West End, where it has won 9 Best Musical awards, broken U.K. box office records and continues to sell out nightly. Among the creative team is the music legend Elton John. You will not want to miss this play!

To confirm your participation, please contact Luxury Real Estate at 1.800.488.4066. Join us!


Editor’s Note:
Yvonne Harvey is the Events Coordinator for Luxury Real Estate. So when you come and enjoy the wonderful presentations, discussions and networking opportunities at Luxury Real Estate conferences, you know who to thank. You definitely don’t want to miss out on the Fall Conference or the networking trip.

By Robert Lockard

A while ago I stepped back from writing about luxury real estate to discuss a terribly destructive force that threatens to destroy families and make people miserable: debt. I would like to discuss something that I find to be just as dangerous as addiction to debt – the illogically high cost of earning a college degree.

I read a potentially explosive story on CNN yesterday about a bubble in the cost of higher education that makes the real-estate bubble or the tech crash in 2000 look tame in comparison.

I’d like to start by talking about my experience in college. When I attended college not too long ago, tuition and book costs were already getting out of hand, although they were manageable. I attended a community college in Washington state for my first two years to obtain my Associate’s degree. I had hoped to transfer to the University of Washington to complete my Bachelor of Arts in Communications, but the cost was prohibitive and, even though I graduated with honors and on the Dean’s list, I still had to wait a long time to enter that college.

Instead, I decided to accept a scholarship at Brigham Young University in Provo, Utah and that turned out to be a very smart decision. In addition to the positive environment that beautiful campus offered, the cost of attending there was relatively low compared to my other options and I was able to pay for my entire education without going into hardly any debt. I am one of nine children, and my parents wisely told me that I would have to find a way to pay for my education by myself. Through a great deal of hard work and tight budgeting, I made it through without having to burden my family members.

During my time in college, I kept my mind focused on why I was there. I wasn’t there to waste time or take frivolous classes; I was there to finish my degree as quickly and as meaningfully as possible so that I could put my skills to use. I am grateful for the opportunities my college degree has opened for me. However, education costs are rising so fast that there might not be much reason for people to attend college in the future.

I would probably be sympathetic to colleges if the reason for the rise in education costs was because they were improving their education techniques or doing other things that would warrant such cost increases. But the truth is that this is not the case. Many colleges are increasing tuition costs for no other reason than because they want more students to apply. It seems to defy logic, but it’s true. Colleges appear to be playing a game that they will eventually lose. When they raise prices, people assume that they must have done so because they are more prestigious or offer better learning opportunities and so the colleges usually receive an increase in applications. This pattern cannot last forever.


Education is extremely important. It allows people to rise from humble circumstances and it also helps them make informed decisions about where they want to go in life. By making education worthless, colleges are doing a great disservice to their students. By worthless, I mean that the cost far exceeds the rewards. Greater cost does not always mean greater return on investment.

Increases in healthcare, energy and real-estate costs don’t even come close to touching the rise in education costs, as you can see in the graph in the CNN article. Knowledge is power, and if the cost of education becomes so high that that the benefits of earning it become small in comparison then we will be in big trouble. I am not suggesting that college degrees be easier to obtain or that unqualified people should receive an education without working hard. I am suggesting that colleges are in danger. They spend much of their increasing amount of money on frivolous amenities that do not improve their educational services or make their students’ diplomas any more valuable. Posh restaurants, nicer dorms and other foolish perks are unimportant for students who are simply hoping to receive the education they need to progress in life.

At some point people are going to realize that an education is not worth living under such an extreme amount of debt to obtain. When that day comes and colleges must cut their tuitions drastically, many cherished institutions will most certainly be unable to cope with this dramatic shift and they will come crashing down. Destroyed by their own pride and haughtiness. They will discover that they have spent their money on things that have no value and they are unable to offer students what they promised: an honest education.

I dislike focusing on something so negative as this, but I think it deserves special attention. Thank you very much for your comments. Feel free to let me know what you think of the state of higher education.


Editor’s Note:
Robert Lockard is the Public Relations & Media Specialist with LuxuryRealEstate.com. I am Robert. I create all of Luxury Real Estate’s newsletters, write the editorials in LuxuryRealEstate.com Magazine and much more. I apologize again for sounding so negative. I am a very hopeful person and I trust that things will turn out right in the end. The photo of the bleeding wallet is from www.flickr.com/photos/adobemac/161319144 and it is the copyright of adobemac. The photo of the door is from www.flickr.com/photos/ben-zvan-photography/468487548 and it is the copyright of Ben Zvan.

By Yvonne Harvey

I was surprised to see a copy of US Airways Magazine on my desk this week with a sticky note on it saying “Info for Conference.” I was perplexed on what that would have to do with our conference in Philadelphia. Then I saw it. In the top right-hand corner in small letters are the words “Philly’s Best-Kept Secrets.” Well, hello!

I thought I would list them out for you, and maybe you can guess which one really jumped out at me.

1) Center City – It’s dynamic and diverse, but also compact and walkable – offering something for everyone.

2) America’s Most Historic Square Mile – The Liberty Bell, Independence Hall, The National Constitution Center.

3) A Lively Arts Scene – Music, dance, theater – whatever calls to you, Philadelphia has it.

4) Tax-Free Shopping for Apparel and Shoes – Enough said.

5) Entertainment & Nightlife – With dozens of trendy nightclubs and other up-to-the-minute hot spots, you’ll be able to party ‘til the wee hours.

6) Great Eats – From cheese steaks to five-star dining, Philadelphia has culinary offerings to satisfy every palette.

7) Room to Roam – Even though Philadelphia is a big city, it also has some great outdoors. Run wild in one of America’s largest urban parks.

8) Easy Access – Philadelphia is a quick Amtrak train ride from Washington, D.C. and New York. The airport offers 1,600 daily departures and arrivals to 122 domestic and international destinations.

9) Rooms for Everyone – We have lots of hotel rooms, meeting spaces, and the Convention Center all in the heart of Center City.

10) Historic Service – The Philadelphia Convention & Visitors Bureau sales and service team is one of the most critically acclaimed in the industry.

So, did you guess which one jumped out at me? Wait for it …. TAX-FREE SHOPPING! Can we say Neiman Marcus, Coach, Tommy Hilfiger, Michael Kors and Juicy Couture!

As it says above… enough said.

See you in Philly!


Editor’s Note:
Yvonne Harvey is the Events Coordinator for LuxuryRealEstate.com. So when you come and enjoy the wonderful presentations, discussions and networking opportunities at Luxury Real Estate conferences, you know who to thank. It looks like there are now 13 great reasons to attend the Fall Conference in Philadelphia – besides, of course, the networking opportunities, knowledge waiting to be shared, etc. The photo above is from www.flickr.com/photos/vic15/15082596 and it is the copyright of vic15.

By John Brian Losh

I am currently watching John Adams on DVD, it is a seven-part biopic miniseries about John Adams and the story of the first fifty years of the United States. The miniseries is based on the book “John Adams” by American historian David McCullough. It is one of best history films I have ever seen, and has received lots of critical acclaim.

It has given me a whole new appreciation for our founding fathers, the Declaration of Independence, and the Constitution of the United States of America. Many of the scenes from this miniseries were filmed in historical sites throughout Philadelphia, like Constitution Hall. Join us this fall in Philadelphia for our conference in October, and see for yourself! It’s a real-life history lesson!


Editor’s Note:
John Brian Losh is the CEO/Publisher of LuxuryRealEstate.com and the President, CEO and Broker of Ewing & Clark, Inc. in Seattle. He tirelessly trots the globe meeting with members of LuxuryRealEstate.com and getting the scoop on industry trends. The Founding Fathers are some of the best people who ever lived. They are some of my biggest heroes, especially George Washington. There’s a great movie about the creation of the Constitution called “A More Perfect Union,” which I highly recommend.

By Brian Langhorst

LuxuryRealEstate.com is the most-viewed and most-visited luxury real estate website in the world. For this reason we opt not to capture the visitors of our website right away to search properties around the world.

We realize many of our visitors are of very high net worth and have very limited time, thus the idea of creating restrictions does not make sense. On the other hand, I see many websites who capture their visitor traffic right away.

I personally prefer not being captured right away on websites and opt to view websites where the capture of data does not occur until later.

What are your thoughts?


Editor’s Note:
Brian Langhorst is LuxuryRealEstate.com’s Membership Manager. He meets members’ unique needs through the dynamic services LuxuryRealEstate.com provides. This is an interesting topic because the Internet is all about letting customers remain anonymous until they want to identify themselves to take advantage of offers and other things online. Is it better to ask people for information sooner or later? It’s hard to tell. I smell a great discussion brewing…