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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: John Vosilla who wrote (2652)5/15/2019 12:35:00 AM
From: sense  Read Replies (1) of 2722
 
I'm trending toward thinking that the "efficiency" of the free market is... not so much a myth... but more or less a very good proxy for what happens in American politics, where the answer is that the United States always gets policy right, adopting the exact right policy, but only after having first tried everything else.

The divergences between the coasts and the center aren't new... but they sure are extreme now. That appears to me to be a function of accumulated momentum... it didn't develop overnight... it didn't become extreme overnight... but, in the U.S. at least I think there is a HUGE element of whistling past the graveyard involved in the momentum in real estate.

As jobs come back from China... South Bend is a more likely beneficiary than San Francisco.

Vancouver I've not been tracking as far as things other than the Chinese money flow and its impact on real estate... Canada... not beyond the theater of the obvious and absurd. My distant read on Canada, though, is that change is afoot, and Canadians are tiring of virtue signalling as a not functional mimic of leadership.

But, no one here seems to be paying much attention to the truly radical Trump directed changes in tax policy, that have, for my entire life, subsidized urban high tax states at the expense of rural low tax states. New York and California are now being abandoned by the people who can afford to leave. Over the next few years, we're going to see how much difference those subsidies have been making... with the impacts amplified by the obvious in the political reaction... which has been to double down on the opposite of what reality demands. Not a surprise that LA, San Francisco, and Seattle are... wallowing in it now... not because of the changed economics... but because of the political reaction to the changed economics... and self-inflicted tipping point choices that are just now starting to penetrate the bubble... the beginnings of restlessness among the natives now clearly apparent.

Yellow vests... probably the best investment of 2019 so far ?



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