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  • Why Millennials Should Try Their Luck In Mexico [View article]
    I lived in Mexico city for a few months three years ago. It is a delightful dynamic place. The people I met were wonderful and the restaurants fantastic. There is a great art scene. The emergency medical care and surgery I received there was world class. On the other hand corruption is everywhere. The police will not investigate a property crime without a rather significant bribe. The local police are not well trained or paid and they like to extort money from the citizenry. And as mentioned above the cab drivers! They will hold you hostage in their cabs. A hint is that it is important to use the high end cabs you reserve and never the common cabs. On balance though I would agree that it is a great place for a young person to pursue their fortune. I look forward to returning.
    Aug 15 12:14 PM | Likes Like |Link to Comment
  • Peak Driving [View article]
    My suspicion is that online shopping is a major factor. Once online grocery shopping becomes mainstream miles driven will decrease further.
    Aug 9 08:37 PM | 2 Likes Like |Link to Comment
  • Is Rental Income Set To Tumble? [View article]
    Recession low was 152.5 million and now we have 157 million.
    Jul 25 02:46 PM | 1 Like Like |Link to Comment
  • Is Rental Income Set To Tumble? [View article]
    If it were 149 million in 2006 and now is 157 million by the linked chart how is that no growth?
    Jul 25 02:16 PM | 1 Like Like |Link to Comment
  • Is Rental Income Set To Tumble? [View article]
    Rental demand came from those losing their houses to foreclosure and from the much higher requirements for a mortgage post housing crash. It is not surprising that rents are increasing given the demand and the delay in new rental properties coming to market. The improving job market will increase demand and people are responding to their biological imperatives and forming households and having children. Rents will stay high until the supply of properties increases. Adult children living in the basement is an inherently unstable situation. At some point they will leave and find some way to rent even if they share space with strangers. The price of anything can remain high as long as there is demand and limited supply.
    Jul 25 10:20 AM | 3 Likes Like |Link to Comment
  • Lexington Realty Trust declares $0.17 dividend [View news story]
    Prior was $0.165.
    Jun 16 04:57 PM | Likes Like |Link to Comment
  • Boat Naming Help Needed [View instapost]
    How about Proteus a nautical god capable of change. Agree with keeping it simple.
    May 12 07:03 PM | 2 Likes Like |Link to Comment
  • Looking For Tom Lehrer, Comedy's Mysterious Genius [View instapost]
    Thanks. I enjoyed his work but my late wife loved him. The perfect read for a snowy afternoon. It was rather thought provoking in that there were some similarities to J.D. Salinger's career. Is withdrawal from stardom the ultimate narcissistic act as posited in the article? I doubt that but it is interesting that both artists seem to have wished for a perpetual adolescence.
    Apr 13 07:54 PM | Likes Like |Link to Comment
  • Think About Your Future. [View instapost]
    Nice post. The final stage of the crash caught me on the slopes of Aspen with a new girlfriend and margin calls almost daily for awhile. Altitude or otherwise I really couldn't think too straight. Contemplated a return to work but six years out. Amazing how we can sometimes come out of a dive. Sympathy for those that couldn't.
    Feb 28 11:21 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: Is The Economic Recovery Stalling Out? [View article]
    Thanks Jeff for curing me of my Mauldin fix. It freed up time for more useful endeavors. I greatly appreciate that you read the stuff from the Mauldin circle so I don't have to.
    Feb 2 01:40 PM | Likes Like |Link to Comment
  • Europe In Deflation Denial [View article]
    Deflation in the southern EU zone seems inevitable to me since they cannot devalue their currency in order to compete with the north. Wages in Greece had gotten rather high and needed to fall. If this deflationary process in the south takes years so be it. The alternative is leaving the EU and devaluing their currency which also has huge negative repercussions. Pumping huge amounts of liquidity into the south will just delay the necessary changes that need to be made for these countries to become competitive.
    Jan 8 10:56 AM | 1 Like Like |Link to Comment
  • The Billionaires: 2013 Results For Some Of America's Richest [View article]
    Thanks for another fun and interesting article. One of the shibboleths of the progressives is that people who obtain such wealth do so because they were lucky enough to inherit certain genes. If the above individuals inherited any special gene it is the capacity for hard work and long hours gene. As for raw intelligence while it does correlate with income to some extent, amassing such a huge wealth requires a lot of hard work, perseverance and a tolerance for risk.
    Dec 21 10:59 AM | 1 Like Like |Link to Comment
  • America's Rental Crisis [View article]
    At a time when we have a huge, although shrinking, federal deficit it is going to be difficult to start building affordable housing for the poor. On the other hand there is so much pork in the budget that could be eliminated that it only seems right that government intervene as the reality is that the private sector has little or no interest in housing for the poor. One solution as in Aspen is mandated affordable housing as part of every project. The truth is that the federal budget has supported housing and the beneficiaries have been builders, realtors and the banks. There are wonderful architecturally important modular solutions to the affordable housing problem. It would be nice if we cold pursue those.
    Dec 13 09:15 AM | Likes Like |Link to Comment
  • Goldman Sachs Says Sell, Gary Kain Says Buy - Who Do You Believe? [View article]
    Grundlach is waiting for NLY to cut its dividend and then it will be a buy. AGNC may indeed fall to 18.50 and then it too will be a buy. We've already hit 19 and change so hitting the GS target would not be so awful. I get the overall feeling that the smart money will be buying like crazy after the next round of dividend cuts. AGNC pays a nice dividend while we are waiting for the tax loss sellers, panicked investors and GS followers to exit the stock. Obviously though this is no investment for the faint of heart.
    Dec 11 10:33 AM | 1 Like Like |Link to Comment
  • The Unraveling Of The Affordable Care Act [View article]
    Nice article. Medical costs will fall with meaningful tort reform, but that would require the plaintiffs to pay for the defendants costs if they lose as in other countries.
    Nov 24 01:31 PM | Likes Like |Link to Comment