[EconProf]

Bubba: You are correct that money supply growth has been stimulated by the Fed. But velocity–the speed with which it changes hands–has fallen, offsetting the inflationary effect money growth should have.
With companies and individuals deleveraging and banks reluctant to lend, deflation still reigns.

[EconProf]

Bubba: You are correct that money supply growth has been stimulated by the Fed. But velocity–the speed with which it changes hands–has fallen, offsetting the inflationary effect money growth should have.
With companies and individuals deleveraging and banks reluctant to lend, deflation still reigns.

[EconProf]

Bubba: You are correct that money supply growth has been stimulated by the Fed. But velocity–the speed with which it changes hands–has fallen, offsetting the inflationary effect money growth should have.
With companies and individuals deleveraging and banks reluctant to lend, deflation still reigns.

[EconProf]

Bubba: You are correct that money supply growth has been stimulated by the Fed. But velocity–the speed with which it changes hands–has fallen, offsetting the inflationary effect money growth should have.
With companies and individuals deleveraging and banks reluctant to lend, deflation still reigns.

[EconProf]

That is a good, even-handed video. It blames the politicians of both parties.
The graph is an eye-opener, in that it shows how our recent additions to spending under Obama dwarf the deficit spending under Bush. Yes, Obama inherited a recession and a deficit. Then he proceeded to quadruple the deficit. Let’s keep these magnitudes in mind.
Here’s a prediction that won’t be very popular: Bush’s record will be seen in a much more favorable light in the very near future. It’s already happening.
History has a way of rewriting itself once popular passions cool and we all gain perspective. Guess who was one of the most unpopular presidents, especially at the end of his term? Harry Truman, the inarticulate hick from Missouri (familiar?) now viewed as a gutsy, no-nonsense guy who stood up to the Soviets, the unions, and coined the term “The buck stops here”.

[EconProf]

That is a good, even-handed video. It blames the politicians of both parties.
The graph is an eye-opener, in that it shows how our recent additions to spending under Obama dwarf the deficit spending under Bush. Yes, Obama inherited a recession and a deficit. Then he proceeded to quadruple the deficit. Let’s keep these magnitudes in mind.
Here’s a prediction that won’t be very popular: Bush’s record will be seen in a much more favorable light in the very near future. It’s already happening.
History has a way of rewriting itself once popular passions cool and we all gain perspective. Guess who was one of the most unpopular presidents, especially at the end of his term? Harry Truman, the inarticulate hick from Missouri (familiar?) now viewed as a gutsy, no-nonsense guy who stood up to the Soviets, the unions, and coined the term “The buck stops here”.

[EconProf]

That is a good, even-handed video. It blames the politicians of both parties.
The graph is an eye-opener, in that it shows how our recent additions to spending under Obama dwarf the deficit spending under Bush. Yes, Obama inherited a recession and a deficit. Then he proceeded to quadruple the deficit. Let’s keep these magnitudes in mind.
Here’s a prediction that won’t be very popular: Bush’s record will be seen in a much more favorable light in the very near future. It’s already happening.
History has a way of rewriting itself once popular passions cool and we all gain perspective. Guess who was one of the most unpopular presidents, especially at the end of his term? Harry Truman, the inarticulate hick from Missouri (familiar?) now viewed as a gutsy, no-nonsense guy who stood up to the Soviets, the unions, and coined the term “The buck stops here”.

[EconProf]

That is a good, even-handed video. It blames the politicians of both parties.
The graph is an eye-opener, in that it shows how our recent additions to spending under Obama dwarf the deficit spending under Bush. Yes, Obama inherited a recession and a deficit. Then he proceeded to quadruple the deficit. Let’s keep these magnitudes in mind.
Here’s a prediction that won’t be very popular: Bush’s record will be seen in a much more favorable light in the very near future. It’s already happening.
History has a way of rewriting itself once popular passions cool and we all gain perspective. Guess who was one of the most unpopular presidents, especially at the end of his term? Harry Truman, the inarticulate hick from Missouri (familiar?) now viewed as a gutsy, no-nonsense guy who stood up to the Soviets, the unions, and coined the term “The buck stops here”.

[EconProf]

That is a good, even-handed video. It blames the politicians of both parties.
The graph is an eye-opener, in that it shows how our recent additions to spending under Obama dwarf the deficit spending under Bush. Yes, Obama inherited a recession and a deficit. Then he proceeded to quadruple the deficit. Let’s keep these magnitudes in mind.
Here’s a prediction that won’t be very popular: Bush’s record will be seen in a much more favorable light in the very near future. It’s already happening.
History has a way of rewriting itself once popular passions cool and we all gain perspective. Guess who was one of the most unpopular presidents, especially at the end of his term? Harry Truman, the inarticulate hick from Missouri (familiar?) now viewed as a gutsy, no-nonsense guy who stood up to the Soviets, the unions, and coined the term “The buck stops here”.

[EconProf]

Congratulations, you are indeed in deep doo-doo.
You would indeed be on the hook for the 1st. So the question now is, what is the amount of the mortgage vs. the likely proceeds from the sale.
Don’t forget to include the condition of the unit when you take over months from now, the full selling costs probably months later, and the then-balance on the 1st, including all late fees, penalties, etc.

[EconProf]

Congratulations, you are indeed in deep doo-doo.
You would indeed be on the hook for the 1st. So the question now is, what is the amount of the mortgage vs. the likely proceeds from the sale.
Don’t forget to include the condition of the unit when you take over months from now, the full selling costs probably months later, and the then-balance on the 1st, including all late fees, penalties, etc.

[EconProf]

Congratulations, you are indeed in deep doo-doo.
You would indeed be on the hook for the 1st. So the question now is, what is the amount of the mortgage vs. the likely proceeds from the sale.
Don’t forget to include the condition of the unit when you take over months from now, the full selling costs probably months later, and the then-balance on the 1st, including all late fees, penalties, etc.

[EconProf]

Congratulations, you are indeed in deep doo-doo.
You would indeed be on the hook for the 1st. So the question now is, what is the amount of the mortgage vs. the likely proceeds from the sale.
Don’t forget to include the condition of the unit when you take over months from now, the full selling costs probably months later, and the then-balance on the 1st, including all late fees, penalties, etc.

[EconProf]

Congratulations, you are indeed in deep doo-doo.
You would indeed be on the hook for the 1st. So the question now is, what is the amount of the mortgage vs. the likely proceeds from the sale.
Don’t forget to include the condition of the unit when you take over months from now, the full selling costs probably months later, and the then-balance on the 1st, including all late fees, penalties, etc.

[EconProf]

I appealed my assessment on two properties. On one they reduced it, saving me thousands. On the other, they haven’t responded in 1 1/2 years–they have two years under their rules to agree to my number or prove otherwise. I expect they will accept my number as they are overwhelmed with appeals and cannot possibly spend the time necessary to hold hearings & prove the appeals wrong.
It took hours to come up with valid comps and support my case. This is a daunting task for the amateur, and these companies perform a legitimate role by doing the paperwork for them. They should be getting economies of scale in doing so. Don’t know how good their work is, and this is not an endorsement. But they may well be serving a valid purpose by expediting appeals en masse for a lot of taxpayers who are otherwise going to overpay their property taxes and are too busy or too uninformed to do the job on their own.
The simple fact is that our local governments enjoyed gushing revenues when property values were soaring. They ramped up their expenditures, programs, and pensions, and now don’t feel inclined to make the serious cuts everybody in the private sector is making. They are now hoping people don’t get wise and appeal their overassessed properties. So on balance, these outfits fill a gap and may help to right a wrong.

[Author]

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