The Biznestate Cycle

-by the Mysterious Flying Miser I recently had a discussion with a friend about the difference between real estate cycles and real estate bubbles. I thought it would be a good idea to look a few of them up and perform an analysis that might provide some differentiating characteristics....
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Mustering Up Enthusiasm For This Big Adventure

by ahansen What has happened to the markets –or so we’re being told-- is a recession; which, they say, has bottomed and is on its way to a slow recovery. But what has happened to We the People—those of us folks out here on the ground where the green shoots are supposed to be -- is Depression with a...
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Prisoners In Our Own Homes

The Globe & Mail reports from Canada. "For the throngs wandering through open houses this weekend, it may feel as though they fell through the looking glass while they were peering into closets. The downturn seems like a bad dream. Housing prices have rebounded, formerly gun-shy buyers are back on...
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An Egregious Error

It's Friday desk clearing time for this blogger. "Chicago's bungalows and brick Georgians are selling, but woe to the owner of a city condo. Phil Sammarco didn't think it'd be so hard to sell his two-bedroom, two-bathroom condo in the city's DePaul neighborhood when he put it on the market in March...
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The Eternal Boycott

by NY City Boy In Arlington Memorial Cemetery there is an eternal flame. It flickers and flashes and burns on through daytime and nighttime. That flame does not care if the sun is shining or the sky is filled with rain. It does not ask the calendar if it is Sunday or Monday or Arbor Day. It just...
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A Delicate Dance Between Ambitions And Resentments

by ahansen “The government had absolutely nothing to do with [my economic success at Halliburton].” --Dick Cheney 10/5/00 “Keep your government hands off my Medicare!” -Irate voter at Simpsonville, (!) SC town hall meeting. 7/28/2009 “I don’t see that being a problem.” -Cathy Maples, DOD contractor...
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Oh My

-by the Mysterious Flying Miser From Bloomberg: “BlackRock Inc. Chairman Laurence Fink said Obama administration programs to help homeowners stave off foreclosure may hinder the recovery of the mortgage market while benefiting banks that own second loans on the properties. ‘I am just very worried,’...
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Home Prices Could Be Upended

↑ by the Mysterious Flying Miser ↓ From the Press-Enterprise: "The median price of homes sold in Riverside and San Bernardino counties inched up by $5,000 last month from July, but fewer were sold as would-be buyers had trouble finding bargains in a diminished supply of low-cost foreclosed homes,...
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