Look at that gap between wages and prcutivit. That's scary and a Marxist dream.
Posted on 11/30/2021 5:21:22 AM PST by blam
Look at that gap between wages and prcutivit. That's scary and a Marxist dream.
“so appraisers set the value of the other 95 homes at $600,000.”
The author got housing so wrong he threw his whole article into disbelief
It involves a little simple arithmetic seemingly beyond his grasp.
The $600 k sale price is the product of area in square feet multiplied by a cost per square foot. Thus, the projected value for the 95 is the area times the price per square foot adjusted for any of several factors.
Jim Grant:
The Fed that is doubling its balance sheet in 18 months, the treasury that is issuing trillions of dollars in debt, the proceeds of which are paying people not to work, the breakdown in supply chains, the constellation of these episodes in phenomenon What did you expect?
Inflation is a moral problem. It is something for nothing, a form of theft, a form of unlegislated tax.”
IMHO 2021- The Horse of Inflation is Out of the Barn (1967 Martin Fed Chairman)
Some think this Omicron virus is an attempt to curb demand. TPTB certainly don’t want to upset Wall Street by raising Interest Rates.
Bookmark
Earlier this year, my real estate agent friend sold an 850 sq ft fixer upper home in Tampa at 394,000. CASH. Comp that!
The TV example is wrong on so many levels. TVs as a case in point are literally financed by the wealthy who will pay $20,000 or $15,000 for the latest greatest, thus paying for the R&D. As the costs are recouped, the price decreases and the volume of TVs increases. Each generation of TV follows the same path. A TV that cost $20,000 two years ago is now about $5,000 and dropping like a rock. The TV that cost $20,000 five years ago is $1,000 if it is mass marketed at all.
We need a tariff on TVs to promote domestic production.
Can't we have a spate of just plain FLATION? My ears and mind need a est.
How much more will everyone pay because of Biden’s policies?
Real estate taxes are legally supposed to be based on market value not replacement cost nor new construction cost.
In Tennessee, the State makes an assessment based on a number of factors
My county tried to make a cost based assessment just after I bought my house through a very long arms transaction.
I had to go down there and show them the State Law.
If there hasn’t been a recent transaction, they are allowed to use various methods to estimate market value.
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