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AK
ParticipantAt the peak of the equities bubble, P/E ratios of 20-25 were considered “normal.” The equivalent in real estate would be a gross rent multiplier of about 240-280 … which I think was pretty abnormal except in the most bubblish markets.
So yeah, I’d argue that the stock market was even more bubblified than real estate.
ParticipantAt the peak of the equities bubble, P/E ratios of 20-25 were considered “normal.” The equivalent in real estate would be a gross rent multiplier of about 240-280 … which I think was pretty abnormal except in the most bubblish markets.
So yeah, I’d argue that the stock market was even more bubblified than real estate.
ParticipantAt the peak of the equities bubble, P/E ratios of 20-25 were considered “normal.” The equivalent in real estate would be a gross rent multiplier of about 240-280 … which I think was pretty abnormal except in the most bubblish markets.
So yeah, I’d argue that the stock market was even more bubblified than real estate.
ParticipantAt the peak of the equities bubble, P/E ratios of 20-25 were considered “normal.” The equivalent in real estate would be a gross rent multiplier of about 240-280 … which I think was pretty abnormal except in the most bubblish markets.
So yeah, I’d argue that the stock market was even more bubblified than real estate.
ParticipantAt the peak of the equities bubble, P/E ratios of 20-25 were considered “normal.” The equivalent in real estate would be a gross rent multiplier of about 240-280 … which I think was pretty abnormal except in the most bubblish markets.
So yeah, I’d argue that the stock market was even more bubblified than real estate.
ParticipantHot. Check the historical data on some of the area weather stations through wunderground.com.
ParticipantHot. Check the historical data on some of the area weather stations through wunderground.com.
ParticipantHot. Check the historical data on some of the area weather stations through wunderground.com.
ParticipantHot. Check the historical data on some of the area weather stations through wunderground.com.
ParticipantHot. Check the historical data on some of the area weather stations through wunderground.com.
ParticipantSeems like everyone wants to move into the highest-end communities to avoid the “riff-raff,” but naturally their salaries can’t support their aspirations. So they gravitate to gated communities in the hope that if they have to live around the “riff-raff,” at least the gate will keep out “those people.”
(Substitute appropriate social / economic categorizations for “riff-raff” and “those people.” For example, a cosmetic surgeon might not want to live around to a mere internist, and would puke at the thought of a teacher or landscape contractor moving in next door.)
Of course their new neighbors have the same mindset and likewise consider them to be “riff-raff,” so you end up with a “community” full of people who are too good to interact with each other.
The process accelerates as prices drop … it was bad enough living among the “riff-raff,” but now “those people” can afford to live inside the gates.
I read some of these HOA rules and wonder what’s happening to our country. Things like a list of 20 “approved” plants by species, or mandating that garage doors be opened just long enough for vehicle ingress/egress.
ParticipantSeems like everyone wants to move into the highest-end communities to avoid the “riff-raff,” but naturally their salaries can’t support their aspirations. So they gravitate to gated communities in the hope that if they have to live around the “riff-raff,” at least the gate will keep out “those people.”
(Substitute appropriate social / economic categorizations for “riff-raff” and “those people.” For example, a cosmetic surgeon might not want to live around to a mere internist, and would puke at the thought of a teacher or landscape contractor moving in next door.)
Of course their new neighbors have the same mindset and likewise consider them to be “riff-raff,” so you end up with a “community” full of people who are too good to interact with each other.
The process accelerates as prices drop … it was bad enough living among the “riff-raff,” but now “those people” can afford to live inside the gates.
I read some of these HOA rules and wonder what’s happening to our country. Things like a list of 20 “approved” plants by species, or mandating that garage doors be opened just long enough for vehicle ingress/egress.
ParticipantSeems like everyone wants to move into the highest-end communities to avoid the “riff-raff,” but naturally their salaries can’t support their aspirations. So they gravitate to gated communities in the hope that if they have to live around the “riff-raff,” at least the gate will keep out “those people.”
(Substitute appropriate social / economic categorizations for “riff-raff” and “those people.” For example, a cosmetic surgeon might not want to live around to a mere internist, and would puke at the thought of a teacher or landscape contractor moving in next door.)
Of course their new neighbors have the same mindset and likewise consider them to be “riff-raff,” so you end up with a “community” full of people who are too good to interact with each other.
The process accelerates as prices drop … it was bad enough living among the “riff-raff,” but now “those people” can afford to live inside the gates.
I read some of these HOA rules and wonder what’s happening to our country. Things like a list of 20 “approved” plants by species, or mandating that garage doors be opened just long enough for vehicle ingress/egress.
ParticipantSeems like everyone wants to move into the highest-end communities to avoid the “riff-raff,” but naturally their salaries can’t support their aspirations. So they gravitate to gated communities in the hope that if they have to live around the “riff-raff,” at least the gate will keep out “those people.”
(Substitute appropriate social / economic categorizations for “riff-raff” and “those people.” For example, a cosmetic surgeon might not want to live around to a mere internist, and would puke at the thought of a teacher or landscape contractor moving in next door.)
Of course their new neighbors have the same mindset and likewise consider them to be “riff-raff,” so you end up with a “community” full of people who are too good to interact with each other.
The process accelerates as prices drop … it was bad enough living among the “riff-raff,” but now “those people” can afford to live inside the gates.
I read some of these HOA rules and wonder what’s happening to our country. Things like a list of 20 “approved” plants by species, or mandating that garage doors be opened just long enough for vehicle ingress/egress.
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