| The Professor 
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In United States
Registered Aug 24, 2012
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The Professor's most recent comments:
- On 20 May 2013
in
Signs of new housing bubble in several areas,
The Professor said:
Call it Crazy says
Homes in foreclosure plummeting??? Right!! Unfortunately, Zillow contradicts your statement... the "Blues" outrank the "Reds" on the map.... Take off your rose colored glasses and you might see that....
What do foreclosure sale prices do to the local market??
The next thing you'll accuse me of is photoshopping all those blue houses on the Zillow map.....
I've become quite the expert on analyzing Zillow maps and there are actually more reds (5354 for sale) than blues (4717 premarket). The interesting info comes when you play with the "days on Zillow" filter. a vast majority of premarket (over 4000 of the 4717 listed) have been on the list for more than 3 years.
Squatting without a mortgage payment for 3 years!
This does not count all the houses that are in default but not listed.
This does not seem like a healthy real estate market. The big losers are people that are trying to buy a home to live in and the people that have to pay higher rent to the new landlords. - On 20 May 2013
in
Signs of new housing bubble in several areas,
The Professor said:
Quigley says
The decline won't be felt immediately as rents rise and the price gains of homes held in funds portfolios add to their assets and show strength. Which will attract further investment.
That's when it stops. When rents rise to unaffordability.
Our consumer economy can only afford so much rent money being taken out of the economy and squirrelled in more "investment" houses.
As rents rise, commoners don't have as much spendable income. Business that cater to and employ the commoners lose business leading to unemployment (or "dropping out" of the workforce).
It's a downward spiral that will find its bottom when the cannibal anarchy cleansing comes. - On 19 May 2013
in
OAS says No more drug war in Latin America,
The Professor said:
Drug laws should be a state rights issue.
Prohibition is always about controlling people not substances. Declaring war on a concept like terrorism or an inanimate object like drugs will always fail in their stated purpose but will be successful in its real purpose of population control.
It is cheaper to let a pothead puff in peace than to house them in prison.
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