NIMBYs in the twenty-first century
economist.com
NIMBYs in the twenty-first century
1–10 of 62 posts
Re: NIMBYs in the twenty-first century
#2Paywalled... Does anyone have a mirror?
edit: They removed it, thanks The Economist!
Re: NIMBYs in the twenty-first century
#3Conventional wisdom says that homes are bad investments compared to equities, conventional wisdom looks to be wrong. Maybe loading up your 401k instead of buying a home isn't such a good idea. The right answer is probably to rebalance a bit towards property.
Re: NIMBYs in the twenty-first century
#4> Modern forms of capital, such as software, depreciate faster in value than equipment did in the past: a giant metal press might have a working life of decades while a new piece of database-management software will be obsolete in a few years at most.
Is software even capital? Isn't this part of why we've been arguing against software patents for years now? Obviously software and other forms of intellectual property have value, but to me capital is something used to produce valuable products, not the products themselves. Maybe the firmware for some CNC machine is capital?
Are books capital because you can make movies out of them?
Re: NIMBYs in the twenty-first century
#5Paywalled... Does anyone have a mirror? edit: They removed it, thanks The Economist!
Re: NIMBYs in the twenty-first century
#6Paywalled... Does anyone have a mirror? edit: They removed it, thanks The Economist!
Economist lets you read a limited number of articles free of charge each month. The link gave me the full article so perhaps you used up your quota, or their rules are different in your territory?
Re: NIMBYs in the twenty-first century
#7> Modern forms of capital, such as software, depreciate faster in value than equipment did in the past: a giant metal press might have a working life of decades while a new piece of database-management software will be obsolete in a few years at most. Is software even capital? Isn't this part of why we've been arguing against software patents for years now? Obviously software and other forms of intellectual property…
The economist is taking the position of the buyer (not maker) of software -- the prototypical business that buys a CRM tool to manage its customer relationships.
Seen as a good that increases the productive capacity of a company or the economy more generally, it seems software very much is capital.
Re: NIMBYs in the twenty-first century
#8Paywalled... Does anyone have a mirror? edit: They removed it, thanks The Economist!
Not paywalled anymore-(Economist journo)
Re: NIMBYs in the twenty-first century
#9Paywalled... Does anyone have a mirror? edit: They removed it, thanks The Economist!
Economist lets you read a limited number of articles free of charge each month. The link gave me the full article so perhaps you used up your quota, or their rules are different in your territory?
It says I've used up my number of articles for the month, but I can't remember reading any in a long time, which my browser history confirms. Weird.
Re: NIMBYs in the twenty-first century
#10Conventional wisdom says that homes are bad investments compared to equities, conventional wisdom looks to be wrong. Maybe loading up your 401k instead of buying a home isn't such a good idea. The right answer is probably to rebalance a bit towards property.
Real estate has two primary advantages over equities:
Large amounts of leverage are both legal and easily acquired for real estate transactions. Most of the remaining tax shelters in the US are related to real estate see "Full time real estate professional," 1031 exchange, etc.