| Blog Review 711 |
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| Written by Netsmith | |
| Saturday, 06 September 2008 | |
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Bob Shiller keeps on making interesting points about the housing market. As they're a manufactured good, they shouldn't actually go up in value at all. We all know that California is a little different....but claiming copyright on the laws themselves? Where might you just round out the cheque to the nearest million? Just what do you think a near insolvent charity might try to buy by making a donation to a political party? Did you know that you have a one in ten to the power of eleven chance of evaporating while shaving? Tales from the Colony Room (told by a boat....) And finally, is Ashford really this bad?
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Comments (2)
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written by Brian, September 07, 2008
I think the unnamed physicist has slipped a decimal place or two in his shaving calculation. One chance in ten to the ten to the eleven seems more likely to me, if still a little on the high side.
... written by Toby, September 07, 2008
In Amsterdam there is a record of property sale prices, for a 1.7 mile stretch of the Herengracht canal (equivelent to Park Lane in London), dating back to 1650. Accounting for inflation, we see prices remain constant. They vary of course, according to contemporary pressures (war, oil shocks, bubbles, etc) but remain within a range.
Search for "Herengrachet Index" in Google. BTW, prices have never been higher than today. There's one hell of a bubble going on right now - primary, I suspect, due to restrictions on land use. Write comment
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