Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Tuesday, March 24, 2009
MIT CRE TU
March 23 , 2009 update: The latest results of the Moodys/REAL CPPI show a return of negative 5.5% in December for the all properties national index. Data available at the website.
You can use it to move people, just have to think intelligently. Rail is best for heavily-traveled, medium-length routes, the kind we have a lot of here in the East, but which there aren't as many of out West--but there are a few.
Put a few park & ride lots in L.A. and have a direct train to downtown L.V., and I suspect you'll get plenty of passengers. Ditto for a train from L.A. to downtown San Francisco. But you have to keep it simple, and not get any delusions about it replacing other modes of transportation; just a quick Big City A to Big City B route, like the Chinese-run bus companies do.
That's not the way we ride here in LALA land. Stupid voters agreed to another bond measure last year for a faux high-speed rail line north, 'cept it isn't a direct route and it stops in every little burg in between. From what I hear the ridership projections are total fiction. It's no wonder this state is so screwed up.
Spend a day parked on a siding? Sounds pretty sweet to me! I can toke up, take in a bumfight and enjoy the local flavor all before the train is shunted back together for the next leg of my voyage.
First a failed Gilt auction, and now a weak Treasury auction. This does not bode well; my own guess has been that Treasury would run into trouble funding the U.S. deficit later this summer, but this could be moving faster than I anticipated.
The reason the Chinese and Europeans are making noises about a global currency is they understand that we intend to inflate our way out of our debt. The possibility of stron inflation is what has me concerned about sitting on the sidelines to long. A cash position is a weak position when inflation picks up steam
What's scary is that we actually don't seem to be trying to inflate our way out of debt. Instead we are only testing the limits of expansionary monetary policy. Inflation is still in the lead, but now we're starting to get some resistance. We can only push a rope so far.
Yeah, the walls are looking a little shaky these days, aren't they? After all the time it's taken for everything else to fall apart, it would be really something to see the T market collapse that fast.
If the general populace had a clue how close to the edge we are they'd freak.
20 comments:
F I R S T! :^]
What shall we do with rail?
Dealt with enough MIT nuts to make my head spin.
What shall we do with rail?
Use it to move stuff, just not people.
You can use it to move people, just have to think intelligently. Rail is best for heavily-traveled, medium-length routes, the kind we have a lot of here in the East, but which there aren't as many of out West--but there are a few.
Put a few park & ride lots in L.A. and have a direct train to downtown L.V., and I suspect you'll get plenty of passengers. Ditto for a train from L.A. to downtown San Francisco. But you have to keep it simple, and not get any delusions about it replacing other modes of transportation; just a quick Big City A to Big City B route, like the Chinese-run bus companies do.
PV,
That's not the way we ride here in LALA land. Stupid voters agreed to another bond measure last year for a faux high-speed rail line north, 'cept it isn't a direct route and it stops in every little burg in between. From what I hear the ridership projections are total fiction. It's no wonder this state is so screwed up.
Use the billions that would be spent on light-rail boondoggles to electrify as much heavy rail as possible.
We already have "park n' ride" stations for light rail here.
But the only time light rail here ever sees any real use is on occasional Saturdays to ferry fans to the downtown sport stadium.
Rail is great for time-insensitive freight, not people (who don't want to spend a day parked on a siding)
Spend a day parked on a siding? Sounds pretty sweet to me! I can toke up, take in a bumfight and enjoy the local flavor all before the train is shunted back together for the next leg of my voyage.
First a failed Gilt auction, and now a weak Treasury auction. This does not bode well; my own guess has been that Treasury would run into trouble funding the U.S. deficit later this summer, but this could be moving faster than I anticipated.
The reason the Chinese and Europeans are making noises about a global currency is they understand that we intend to inflate our way out of our debt. The possibility of stron inflation is what has me concerned about sitting on the sidelines to long. A cash position is a weak position when inflation picks up steam
Should have seen this coming:
next, the newspaper bailout
@Casey Serin:
If you happen to have Benoit's email address, you might point him to the limerictionary.
I'm sure they could use his talent, assuming he's not already there.
In the airline industry, passengers are referred to as SLC (Self Loading Cargo) or cattle or something.
Different on the rails?
@serinitis,
What's scary is that we actually don't seem to be trying to inflate our way out of debt. Instead we are only testing the limits of expansionary monetary policy. Inflation is still in the lead, but now we're starting to get some resistance. We can only push a rope so far.
PV,
Yeah, the walls are looking a little shaky these days, aren't they? After all the time it's taken for everything else to fall apart, it would be really something to see the T market collapse that fast.
If the general populace had a clue how close to the edge we are they'd freak.
Isn't Lent over?
Seen this? Gary Watts losing one of his homes:
http://lansner.freedomblogging.com/2009/03/25/oc-prognosticator-defaults-on-rental-house/17639/
I looked up some of his other homes he is seriously underwater on a couple of others.
Persona non grata ate my enchilada.
Effective Demand
Nice Link.
This would be funny if it were not so sad.
I also notice this whole game is unwinding EXACTLY as a couple folks had said it would. And the worst is yet to come.
Will get ugly in 12 months as unemployment continues to go up.
Maybe Watts and Casey can share a cell and then Gary will have a place to put his crystal ball.
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