There's an answer to my March 2025 question: The Ultimate Question: the Constitution or Trump?? Recent "Breaking" news: AP, 23 December: Supreme Court keeps Trump’s National Guard deployment blocked in Chicago area for now; Politico, 23 December: Supreme Court blocks Trump effort to deploy National Guard troops to Illinois; WaPo, 23 December: Supreme Court blocks...
Intro LO: I’ve decided using the Wall Street Journal article (below) because this type of crisis is unknown in Europe. Probably because Europe favours fair inequality while America favours unfair inequality (eg, my 2018 blog, a 2017 Yale study). I agree with the author (below): the American ‘Affordability Crisis’ cannot be solved. Neither can other American crises...
Introduction LO: This Wall Street Journal (WSJ) article (see below) was written before the recent decision of the liberal-left Canadian Prime Minister to resign. His resignation is further evidence of the validity of this WSJ article. In my view, the pendulum in Politics used to be between conservatives (“Right”) and Labour (“Left”) until about 1980. Growing wealth...
The average Dutch house in 2024 Q2 has a price of Euro 468,000 (NOS), while the average annual Dutch salary is "only" Euro 44,500 (Manpower). Hence, an average house will cost you about 10.5x of your average annual salary. That 2024 multiplier of 10.5x was about 5x when I bought my house in 1994. The doubling of that Dutch multiplier - or the home price-to-income...
Bloomberg title: Hertz’s Tesla Fire Sale Portends EV Reckoning No One Wants Bloomberg subtitle: The only ones making out well are used-car bargain hunters. By: David Welch Date: 12 January 2024 “Hertz’s Electric U-Turn Want to buy a Tesla for less than $18,000? Bargain hunters can find Model 3 sedans that cheap following the decision by rental-car giant Hertz...
Introduction LO: This American perspective on residential real estate is quite interesting because it seems to apply as well in Europe (eg, the Netherlands) and in UK. The same may be argued for the jobs market: demand for labour outweighs recession risks, both following the lacking supply of houses (eg, due to climate regulations, high inflation) and labour (due to...
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