31–40 of 110 posts
A couple pieces of legislation can shift the equation drastically. Incentives carved out for the home you live in (versus investment properties) are a common way to squeeze more out of a state run property subsidy program without making too many constituents mad. For now, probably not, as the the the majority of the US Speaker of the House's wealth comes from real estate holdings across California.
One aspect of articles like this that I've noticed is the absolute certainty the author seems to have that these terrible outcomes are inevitable, with no expression of a confidence interval or possible less world-ending alternatives. I just... can't take articles like this seriously. It's the political equivalent of gore porn, and it feels like a waste of time to think about. When Nassim Taleb wrote about "Black Swa…
Also lol at citing 40% annual real estate inflation across Canada unqualified which just links to some other opinion piece which states the exact same case as this guy's.
One aspect of articles like this that I've noticed is the absolute certainty the author seems to have that these terrible outcomes are inevitable, with no expression of a confidence interval or possible less world-ending alternatives. I just... can't take articles like this seriously. It's the political equivalent of gore porn, and it feels like a waste of time to think about. When Nassim Taleb wrote about "Black Swa…
But the doom and gloomism gets tiring because it's just so wrong all the time, and rather than admit being wrong they just keep digging in.
One aspect of articles like this that I've noticed is the absolute certainty the author seems to have that these terrible outcomes are inevitable, with no expression of a confidence interval or possible less world-ending alternatives. I just... can't take articles like this seriously. It's the political equivalent of gore porn, and it feels like a waste of time to think about. When Nassim Taleb wrote about "Black Swa…
I would suggest reading until the end. The author makes a number of recommendations on how this outcome can possibly be avoided (see header starting with "The solution is simple" and all the way through until the end of the piece).
I certainly gave up before then.
Earlier quoted context omitted.
Well apartment buildings is one. Is rented out real estate really ‘hoarded’?
It seems like if it's zoned as a single-family home or residential or whatever and you're not a single family it's hording. I'm willing to be talked out of that. Seems wrong to have to compete with a corporation to buy a house.
Ah, the classic signal of a market top: "This time is different; prices can't ever go down."
One aspect of articles like this that I've noticed is the absolute certainty the author seems to have that these terrible outcomes are inevitable, with no expression of a confidence interval or possible less world-ending alternatives. I just... can't take articles like this seriously. It's the political equivalent of gore porn, and it feels like a waste of time to think about. When Nassim Taleb wrote about "Black Swa…
Also, article is poorly edited and filled with typos.
Earlier quoted context omitted.
> thanks to historically low 30-year mortgage rate and low inflation, real estate is probably a better investment now than ever before Would an investor taking advantage of those low 30 year mortgages prefer low inflation or high? It seems to me they prefer high. They pay the mortgage back in future dollars which are worth less.
Yes. With enough inflation your house would become worth 10x and your mortgage now represents at most 10% of the new value. Fixed rate leverage is a bet that inflation is understated.
Earlier quoted context omitted.
Doing it in reverse (give a credit / deduction against real estate taxes for an individual who owns and lives in their own home) works fine.
Wouldn't the corporation just factor in the credit loss as a cost of doing business and adjust the rent accordingly? Seems better to stop them from owning more than a few properties to begin with, but I suppose both would be cool with me.