tag:blogger.com,1999:blog-11336670.post8242387949414725678..comments2024-03-13T03:24:01.167-04:00Comments on Marginalizing Morons: Greg Mankiw - Still An Outstanding, Pinheaded MoronCaptiousNuthttp://www.blogger.com/profile/14440029537418230507noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11336670.post-68998495417038406672010-09-28T19:35:11.222-04:002010-09-28T19:35:11.222-04:00When my FIL bought these apartment buildings in Br...When my FIL bought these apartment buildings in Brooklyn, some 30+ years ago there were in fact a ton of rent controlled units - people paying ludicrously cheap rents like $85 a month.<br /><br />And many did irrationally move out or expire (I don't think he did any *buyouts*)...BUT that was over a period of decades.<br /><br />Except the scant few ones who are left these days in NY aren't budging. They can't afford to.<br /><br />Real estate was a terrific investment in NYC 30+ years ago because rates were high, the city was teetering on bankruptcy and crime-ridden, but most importantly, because bonds were about to begin the mother of all bull markets.CaptiousNuthttps://www.blogger.com/profile/14440029537418230507noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-21374795795904441622010-09-28T18:52:01.968-04:002010-09-28T18:52:01.968-04:00After communist regime in Poland there was also a ...After communist regime in Poland there was also a lot of rent- controlled buildings. And that was one of the best investments. Really. Some tenatns die, some can be bribed, some may be evicted and with every one value of the buiding is growing up. Of course, it's easier in a country with weak law enforcement, but I think nowwhere on the earth is possible to keep this stupid idea running, so it's everywhere good idea to buy a building with price- controled rents and just trying to evict tenatsMaczeta Ockhamahttps://www.blogger.com/profile/09162881309570130913noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-24790914651359972352010-09-28T09:48:16.611-04:002010-09-28T09:48:16.611-04:00Taylor,
Never heard of that site before - so I ju...Taylor,<br /><br />Never heard of that site before - so I just checked it out.<br /><br />I don't even know that I would call that a *blog post* on this particular subject. Thankfully, someone helped out with a comment there.<br /><br />:)CaptiousNuthttps://www.blogger.com/profile/14440029537418230507noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-83266702873751213552010-09-27T23:43:20.804-04:002010-09-27T23:43:20.804-04:00i second EPJ...one of the best out there.
just c...i second EPJ...one of the best out there. <br /><br />just cant believe these idiots (krugman et.al) are the "top economists" of this country.<br /><br />none of these guys could foresee financial crisis or current economic crisis, but nooooo they wont accept they screwed up Or doubt their theory.<br /><br />Its like looking at one of those freak sci-fi fans that are crazy about starwars, but couldn't stop believing it.<br /><br />wake the fuck up, economists.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11336670.post-50292009247676549892010-09-27T23:07:57.487-04:002010-09-27T23:07:57.487-04:00C,
Old snooze, you really need to tune in to EPJ ...C,<br /><br />Old snooze, you really need to tune in to EPJ more often so you can stay up to speed on the latest trends in statist university professor intellectualizing: http://www.economicpolicyjournal.com/2010/09/scheming-nyc-universities.htmlTaylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.com