Higher House Hurdles
The median mortgage payment is today around $2,800, which leaves a lot of houses for sale and few people able to buy them. Sellers now outnumber buyers by the biggest margin ever.
No Index
Interest Rates, Observed
Lower interest rates encourage borrowing. That’s the whole idea. Debt goes up. Spending goes up. The feds ‘print’ more money to cover their deficits. Prices rise further.
Budget Busters
Empires usually end their lives with a heady cocktail of too much spending and too much violence. Often, keeping people under control — at home and abroad — becomes the major expense.
Back to the Stone Age
Everybody has his reasons. Ask a murderer why he killed; he’ll have a perfectly sound reason: “He was messing with my girl,” for example. Liars tell their tall tales for a purpose.
Lost Generations
Home is where the heart is. But history tells us that there are good times to be somewhere else. The French in 1914…the Russians in 1917…Germans in 1933.
What to Do With Your Money Now, Part II
Commercial real estate is a very local matter. If you can find a good building, in good shape, with a reliable tenant, and decent cash flow, it could be a good place for your money.
