A Quote by Nan Fairbrother
As every real estate agent knows, a poor house in good surroundings will sell for a higher price than a better house in poor surroundings, and in a town they confidently ask 25 percent more rent for a flat with a view of a park that for an identical flat with no view.
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The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation.
It's funny when people ask if I'm a lesbian. I played a real estate agent in 'Father of the Bride, Part II,' but no one has asked me if I sell real estate.
A good school is a relative concept, and the better schools are located in more expensive neighborhoods. But when everyone bids more for a house in a better school district, they succeed only in bidding up the prices of those houses. As before, 50 percent of all children will attend schools in the bottom half of the school quality distribution. As in the familiar stadium metaphor, all stand, hoping to get a better view, only to discover that no one sees better than if all had remained seated.
A house must be bedded in the landscape. They both have to work together. In and out, every view from a window has to be sensational. Every view into the house must be the same to ensure continuity.
My father had a flat rule. He believed that every man's house was his castle. He had a flat rule: no man could come in his house without his permission.
I'm short-selling my house. I have more loans than I can sell the house for. The house will not go into foreclosure. It will be a short sale. I can't afford the house as I once could.
A price drop in a good stock is only a tragedy if you sell at that price and never buy more. To me, a price drop is an opportunity to load up on bargains from among your worst performers and your laggards that show promise. If you can't convince yourself "When I'm down 25 percent, I'm a buyer" and banish forever the fatal thought "When I'm down 25 percent, I'm a seller," then you'll never make a decent profit in stocks.
And if you call one a real estate agent and he won't sell you anything. He is a REALATOR. It's the same as what the old fashioned real estate agent used to be only the commission is different.
I don't want there to be this separation between the rich and poor. I may be part of the three percent because I've been fortunate and done well for myself, but I will never forget about the 97 percent. That was me growing up. I was so poor I dreamt about being just 'regular poor,' not 'poor, poor.'
In 1994, Estonia became the first European country to adopt a flat tax, and its 26 percent flat tax dramatically energized what had been a faltering economy. Before adopting the flat tax, the Estonian economy was literally shrinking. In the eight years after 1994, Estonia experienced real economic growth - averaging 5.2 percent per year.
My landlord lives in the flat at the bottom of the stairs. I rent a studio flat from him, and live at the top of the staircase. There are two more flights of stairs and four more flats, but it’s me he is obsessed with.
The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses.
I'm very harsh on real estate agents. I'm not sure why. Maybe it's because of how the call every small house 'charming' and every run-down house a 'great fixer-upper'. Just once, I'd like them to show me a house and declare, 'This one's a piece of crap'.
Rent-control laws disproportionately benefit the non-poor because the elite pull strings, work the system and are better connected than the non-poor.
But if each man could have his own house, a large garden to cultivate and healthy surroundings - then, I thought, there will be for them a better opportunity of a happy family life.
But if each man could have his own house, a large garden to cultivate and healthy surroundings - then, I thought, there will be for them a better opportunity of a happy family life
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