[EconProf]

Last November a newlywed relative, renting in Westwood, with a baby on the way, decided to buy. With two PhDs and two great jobs between them, they could easily afford most anything…they even went house-hunting. I persuaded them to check out some gloomy bubble blog sites & wake up to reality.
They did, upgraded to a bigger rental, & now thank me (& others, who urged the same).
So while it is often, maybe usually, fruitless to keep their hands away from falling knives, it is not inevitable. You have a duty to at least try.

[EconProf]

Last November a newlywed relative, renting in Westwood, with a baby on the way, decided to buy. With two PhDs and two great jobs between them, they could easily afford most anything…they even went house-hunting. I persuaded them to check out some gloomy bubble blog sites & wake up to reality.
They did, upgraded to a bigger rental, & now thank me (& others, who urged the same).
So while it is often, maybe usually, fruitless to keep their hands away from falling knives, it is not inevitable. You have a duty to at least try.

[EconProf]

Last November a newlywed relative, renting in Westwood, with a baby on the way, decided to buy. With two PhDs and two great jobs between them, they could easily afford most anything…they even went house-hunting. I persuaded them to check out some gloomy bubble blog sites & wake up to reality.
They did, upgraded to a bigger rental, & now thank me (& others, who urged the same).
So while it is often, maybe usually, fruitless to keep their hands away from falling knives, it is not inevitable. You have a duty to at least try.

[EconProf]

Last November a newlywed relative, renting in Westwood, with a baby on the way, decided to buy. With two PhDs and two great jobs between them, they could easily afford most anything…they even went house-hunting. I persuaded them to check out some gloomy bubble blog sites & wake up to reality.
They did, upgraded to a bigger rental, & now thank me (& others, who urged the same).
So while it is often, maybe usually, fruitless to keep their hands away from falling knives, it is not inevitable. You have a duty to at least try.

[EconProf]

Looking through all the data, there is almost no good news here. Some glimmers of hope for Florida, but some especially bad numbers for California.
Can’t put lipstick on a pig.

[EconProf]

Looking through all the data, there is almost no good news here. Some glimmers of hope for Florida, but some especially bad numbers for California.
Can’t put lipstick on a pig.

[EconProf]

Looking through all the data, there is almost no good news here. Some glimmers of hope for Florida, but some especially bad numbers for California.
Can’t put lipstick on a pig.

[EconProf]

Looking through all the data, there is almost no good news here. Some glimmers of hope for Florida, but some especially bad numbers for California.
Can’t put lipstick on a pig.

[EconProf]

Looking through all the data, there is almost no good news here. Some glimmers of hope for Florida, but some especially bad numbers for California.
Can’t put lipstick on a pig.

[EconProf]

Let’s also remember that in the months following 9/11, the expectation among all of us, expert and layman, was that this was just the beginning. Other attacks would come, more horrific and with different means. But they didn’t.
They did, on a smaller scale, in London, Madrid, the South Pacific and elsewhere. But not here, though there were attempts that were thwarted.
The U.S. cranked up our security and intelligence measures, in often wasteful and misguided ways, but suffered no more big and successfull attacks.
Who would have predicted this seven years ago? Not many.

[EconProf]

Let’s also remember that in the months following 9/11, the expectation among all of us, expert and layman, was that this was just the beginning. Other attacks would come, more horrific and with different means. But they didn’t.
They did, on a smaller scale, in London, Madrid, the South Pacific and elsewhere. But not here, though there were attempts that were thwarted.
The U.S. cranked up our security and intelligence measures, in often wasteful and misguided ways, but suffered no more big and successfull attacks.
Who would have predicted this seven years ago? Not many.

[EconProf]

Let’s also remember that in the months following 9/11, the expectation among all of us, expert and layman, was that this was just the beginning. Other attacks would come, more horrific and with different means. But they didn’t.
They did, on a smaller scale, in London, Madrid, the South Pacific and elsewhere. But not here, though there were attempts that were thwarted.
The U.S. cranked up our security and intelligence measures, in often wasteful and misguided ways, but suffered no more big and successfull attacks.
Who would have predicted this seven years ago? Not many.

[EconProf]

Let’s also remember that in the months following 9/11, the expectation among all of us, expert and layman, was that this was just the beginning. Other attacks would come, more horrific and with different means. But they didn’t.
They did, on a smaller scale, in London, Madrid, the South Pacific and elsewhere. But not here, though there were attempts that were thwarted.
The U.S. cranked up our security and intelligence measures, in often wasteful and misguided ways, but suffered no more big and successfull attacks.
Who would have predicted this seven years ago? Not many.

[EconProf]

Let’s also remember that in the months following 9/11, the expectation among all of us, expert and layman, was that this was just the beginning. Other attacks would come, more horrific and with different means. But they didn’t.
They did, on a smaller scale, in London, Madrid, the South Pacific and elsewhere. But not here, though there were attempts that were thwarted.
The U.S. cranked up our security and intelligence measures, in often wasteful and misguided ways, but suffered no more big and successfull attacks.
Who would have predicted this seven years ago? Not many.

[EconProf]

From what I’ve read in the U-T, the City, esp. in councilman Young’s district (who is pushing this), will be buying up some of these foreclosed properties, and thus be in competition with the private sector investors.
If these will be houses and apartments rented out by the City to Housing Commission tenants, look out for some unfair competition all you investors.
Almost certainly, the City will not pay for building permits for any rehab, will not pay the annual rental tax, will not pay market interest rates if borrowed money is used, and may not even pay property taxes.
It’s great to be in competition with your local government, especially when they use your taxes to support their new adventure.

[Author]

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