Wednesday, May 02, 2007

Don't say You Weren't Warned

It's no secret I have a very low opinion of the planning profession. So low that I bristle at using the word profession. Astrologers are not astronomers. But sometimes the blind squirrel gets a nut and this is such a case. The American Planning Association has this article from 2003:

When the Bubble Bursts
Good news: Housing doesn't necessarily behave like the stock market.
By Corey Cox, AICP
In 1987, economist Kenicihi Ohmae stood on a Tokyo street corner with an American television reporter. Ohme placed a white handkerchief on the sidewalk. "Right here, we're standing over the most expensive residential area in Tokyo," Ohmae said. A square foot of property smaller than his hankie was worth $22,000.
Fifteen years later, the same square foot had dropped in value by nearly 60 percent. ...
A housing bubble takes place when housing prices are pushed higher than an area's economy can adequately sustain. ...
Some experts think there is a disconnect between the overall economy and housing prices. They worry that another bubble, like the one in the technology sector, is in the offing. The tech bubble preceded the stock market downturn that wiped out $7 trillion in investor wealth.


Almost the entire article is highly recommended. "Almost" because like all would-be social architects the APA fells compelled to slip in a little agenda vice affordable housing.

18 comments:

The Dude said...

FIRST

Anonymous said...

where is everyone?

The Dude said...

That's another Two'fer!

You bunch of loosers.......

Anonymous said...

Yeah, housing doesn't have to move like the stock market: it's just less liquid and inexperienced people are leveraged up to their butts.

2nd is what I get for typing something out instead of just "First".

Rob Dawg said...

2nd is what I get for typing something out instead of just "First".
My undying gratitude.

Anonymous said...

I find The Dude's recovered firstness highly suspicious!

The Dude said...

Hmmm.....
Let's see; a thoughtful post or FIRST. I gotta let that roll through my mined for a minute. Be a looser or be FIRST?....which should I choose?

Anonymous said...

We should introduce mandatory nap rest periods during which no new post can be opened and no firstness achieved.

In accordance with the international KC nap regulations they should be from 00:00PST to 12:00PST and then from 13:30PST to 18:00PST.

I wonder how he worked his nap requirements into his W2 work schedule. I guess thats why he quit ! It was a win-win for his employer....

flailing forward said...

No Debt-
Thanks so much for that Rammakant thing. It's an all-you-can-eat douchebag buffet. Golden nuggets indeed.

The best so far:
Jason Mangrum, enlightened master of the universe and Vanilla Ice look-alike will teach you the secrets of success for 24.95 per month.

"Explosive New Secrets Exposed By the Latest Research in Quantum Physics and a Spiritually Awakened Master Divulges the One, True Reason Why 98.7% of All People Fail to Achieve Success in Their Lifetime and How You Can Learn to Utilize Your Brain in A Little-Known Way That Skyrockets You to the Top 2% Almost Effortlessly..."

Here's Just A Hint of What You're About to Discover:

A Never-Before Seen Formula for Success and the Meaning Behind K x I + A x E -- and Why This is Absolutely Crucial to Your Wealth, Money and Power

The Undisputed Truth of Your Reality the Ancients Tried to Tell Us for Thousands of Years, And Quantum Physics Has Now Confirmed

Why The Very Concepts You Were Taught from Birth About Wealth, Happiness and Prosperity Actually Keep You from Ever Achieving Them in Your Lifetime

The Shocking Truth About Your Eyes You'll Have to "See" to Believe


I won't quote what the shocking truth is, but suffice it to say, it's just awesome. Perfect for Casey.

flailing forward said...

Whoops, sorry Rob. Forgot which thread I was on.

Rob Dawg said...

If that darned blog admin would just turn on the linear/thread and forums options. ;-)

Anonymous said...

Apologies for thread jacking but Our Hero put in an appearance in his comments section. "The view is beautiful here! It’s raining/snowing and sun at the same time."

Where I come from we call that sleet.
Anyhow, he also promised a new post with what sounds likes deal where people can get in on the ground floor. Oh, Good Lord, make it stop.

Peripheral Visionary said...

"Explosive New Secrets Exposed By the Latest Research in Quantum Physics and a Spiritually Awakened Master Divulges the One, True Reason Why 98.7% of All People Fail to Achieve Success in Their Lifetime and How You Can Learn to Utilize Your Brain in A Little-Known Way That Skyrockets You to the Top 2% Almost Effortlessly..."

And then . . .

Here's Just A Hint of What You're About to Discover:

A Never-Before Seen Formula for Success and the Meaning Behind K x I + A x E -- and Why This is Absolutely Crucial to Your Wealth, Money and Power


Am I the only one doubting the abilities of this person to derive mathematical enlightenment from a world where the total population is 100.7%?

Anonymous said...

Anyhow, he also promised a new post with what sounds likes deal where people can get in on the ground floor.

Of course, most buildings have basements...

Sprezzatura said...

I have a throwaway address subscribed to his list, we'll see if the promised mailing ever shows up.

Rob Dawg said...

100.7%?

If you are gonna get all mathlike then you are just another of them haterz™.

Secrets you can implement for wealth:
Work hard, spend little, go long.

Secrets that can't always do anything about:
Stay healthy, stay married(committed/stable), remain malleable.

Anonymous said...

Do we get to call this the Timecube of Personal Finance?

Anonymous said...

You misunderstand. He's not gauranteeing you'll succeed, he's saying you'll be in the top 2%. Since only the top 1.3% succeed, there's still a chance you'll fail and he can blame it on you.