[EconProf]

The gap between public employees’ pay and that of similar positions in the private sector has been growing during this great recession. Public employee pay has on average been growing, albeit at slower pace lately, while private sector comparables have seen their pay and hours cut, thus widening the gap. Most data showing this actually understate the trend, since there is a time lag to the reported numbers. In addition, absolute numbers of private employees have shrunk during the recession, while the number of public employees has grown, despite the occassional ballyhooed layoff of teachers, cops, and firefighters.

[EconProf]

The gap between public employees’ pay and that of similar positions in the private sector has been growing during this great recession. Public employee pay has on average been growing, albeit at slower pace lately, while private sector comparables have seen their pay and hours cut, thus widening the gap. Most data showing this actually understate the trend, since there is a time lag to the reported numbers. In addition, absolute numbers of private employees have shrunk during the recession, while the number of public employees has grown, despite the occassional ballyhooed layoff of teachers, cops, and firefighters.

[EconProf]

The gap between public employees’ pay and that of similar positions in the private sector has been growing during this great recession. Public employee pay has on average been growing, albeit at slower pace lately, while private sector comparables have seen their pay and hours cut, thus widening the gap. Most data showing this actually understate the trend, since there is a time lag to the reported numbers. In addition, absolute numbers of private employees have shrunk during the recession, while the number of public employees has grown, despite the occassional ballyhooed layoff of teachers, cops, and firefighters.

[EconProf]

The gap between public employees’ pay and that of similar positions in the private sector has been growing during this great recession. Public employee pay has on average been growing, albeit at slower pace lately, while private sector comparables have seen their pay and hours cut, thus widening the gap. Most data showing this actually understate the trend, since there is a time lag to the reported numbers. In addition, absolute numbers of private employees have shrunk during the recession, while the number of public employees has grown, despite the occassional ballyhooed layoff of teachers, cops, and firefighters.

[EconProf]

Lose the tenants.
Then make the property squeaky clean, paint inside and out, doing plenty of prep work first, fix everything that needs fixing. Hire pros to do this–amateur landlords can seldom do it right, and the pros are all desparate and cheap right now.
This kind of investment in a rented house of maybe 5% of its market value should yield a 10 to 15% boost in market value, and it should sell in a month, further saving time, money, and aggravation. The math is pretty obvious and the owner should go for it if they are economically rational. Unfortunately, they are not, or they would not have rented to messy tenants with big aggressive dogs.
I did this last February with my last remaining San Diego property. Priced it reasonably, started a nice bidding war, and sold it for $30k over listing price to a great owner-occupier.

[EconProf]

Lose the tenants.
Then make the property squeaky clean, paint inside and out, doing plenty of prep work first, fix everything that needs fixing. Hire pros to do this–amateur landlords can seldom do it right, and the pros are all desparate and cheap right now.
This kind of investment in a rented house of maybe 5% of its market value should yield a 10 to 15% boost in market value, and it should sell in a month, further saving time, money, and aggravation. The math is pretty obvious and the owner should go for it if they are economically rational. Unfortunately, they are not, or they would not have rented to messy tenants with big aggressive dogs.
I did this last February with my last remaining San Diego property. Priced it reasonably, started a nice bidding war, and sold it for $30k over listing price to a great owner-occupier.

[EconProf]

Lose the tenants.
Then make the property squeaky clean, paint inside and out, doing plenty of prep work first, fix everything that needs fixing. Hire pros to do this–amateur landlords can seldom do it right, and the pros are all desparate and cheap right now.
This kind of investment in a rented house of maybe 5% of its market value should yield a 10 to 15% boost in market value, and it should sell in a month, further saving time, money, and aggravation. The math is pretty obvious and the owner should go for it if they are economically rational. Unfortunately, they are not, or they would not have rented to messy tenants with big aggressive dogs.
I did this last February with my last remaining San Diego property. Priced it reasonably, started a nice bidding war, and sold it for $30k over listing price to a great owner-occupier.

[EconProf]

Lose the tenants.
Then make the property squeaky clean, paint inside and out, doing plenty of prep work first, fix everything that needs fixing. Hire pros to do this–amateur landlords can seldom do it right, and the pros are all desparate and cheap right now.
This kind of investment in a rented house of maybe 5% of its market value should yield a 10 to 15% boost in market value, and it should sell in a month, further saving time, money, and aggravation. The math is pretty obvious and the owner should go for it if they are economically rational. Unfortunately, they are not, or they would not have rented to messy tenants with big aggressive dogs.
I did this last February with my last remaining San Diego property. Priced it reasonably, started a nice bidding war, and sold it for $30k over listing price to a great owner-occupier.

[EconProf]

Lose the tenants.
Then make the property squeaky clean, paint inside and out, doing plenty of prep work first, fix everything that needs fixing. Hire pros to do this–amateur landlords can seldom do it right, and the pros are all desparate and cheap right now.
This kind of investment in a rented house of maybe 5% of its market value should yield a 10 to 15% boost in market value, and it should sell in a month, further saving time, money, and aggravation. The math is pretty obvious and the owner should go for it if they are economically rational. Unfortunately, they are not, or they would not have rented to messy tenants with big aggressive dogs.
I did this last February with my last remaining San Diego property. Priced it reasonably, started a nice bidding war, and sold it for $30k over listing price to a great owner-occupier.

[EconProf]

Flu, you should get a 30-year loan, not 15. Who cares what the interest cost difference is? If inflation and prevailing interest rates in 5 or 10 years are in or near double-digits and you are sitting pretty in a 4% or so loan, you will make so much more money.

[EconProf]

Flu, you should get a 30-year loan, not 15. Who cares what the interest cost difference is? If inflation and prevailing interest rates in 5 or 10 years are in or near double-digits and you are sitting pretty in a 4% or so loan, you will make so much more money.

[EconProf]

Flu, you should get a 30-year loan, not 15. Who cares what the interest cost difference is? If inflation and prevailing interest rates in 5 or 10 years are in or near double-digits and you are sitting pretty in a 4% or so loan, you will make so much more money.

[EconProf]

Flu, you should get a 30-year loan, not 15. Who cares what the interest cost difference is? If inflation and prevailing interest rates in 5 or 10 years are in or near double-digits and you are sitting pretty in a 4% or so loan, you will make so much more money.

[EconProf]

Flu, you should get a 30-year loan, not 15. Who cares what the interest cost difference is? If inflation and prevailing interest rates in 5 or 10 years are in or near double-digits and you are sitting pretty in a 4% or so loan, you will make so much more money.

[EconProf]

Bump.
OK, we’ve talked this issue to death. But seeing this on the bottom of the “Active forum topics”, I think we should give BigGovernmentIsGood one more chance to respond to the flood of empirical data contradicting him.
So…you there Big?

[Author]

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