Post by unlawflcombatnt on Jan 18, 2015 14:47:20 GMT -6
The top left chart is the most interesting ('Change in occupied housing units...') ___________________
Assuming the chart is correct, it indicates that ALL of the increase in home occupancy over the last decade has been from renter-occupancy, not owner-occupancy.
It suggests that there's little or no increase in the number of individuals actually owning homes. Rather, it indicates an almost fixed number of people now own more homes. In other words, the "rise" in home ownership has come from more homes being "owned" by the same number of people.
That's a perfect match for the rise in wealth & income inequality.
The rich have simply bought more homes--and then rented them out.
from: The Declaration of Independence: "all Men are...endowed by their Creator with certain unalienable Rights... to secure these Rights, Governments are instituted... whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or abolish it"
Which represents the transfer of wealth. Is not the vast majority of assets actually accumulated by the middle class based on the property they own? So a rentier class commands control over this asset, and rents it back out for profit. Many of those who used to own, now rent. And many more who would have owned....still rent.
There's a curious thing going on here in my little town. I live in a neighborhood where clusters of working class people rent as a matter of course. Most of them are not financially upwardly mobile, and probably never will be. This has repercussions not so much in what they live in - but what they drive.
I've never seen so many late model cars. They're everywhere. Mega-clusters of them. Most being paid for in 6, 7, 8 or more year repayment plans. The car payment has kind of become the "new mortgage", as it were.
A year or so ago, I attempted to try investigating and researching the Blackstone Group. So far I've found precious little real information on them - beyond what sprung out in the national consciousness 2 or 3 years ago. The men in black toting briefcases full of cash, buying up much of the collateral damage and flying debris and settling dust resulting from the blowup of the housing crash. That particulaar "ground zero" brought down far more than two tall buildings.
Wandering through various public forums, reading the discontent and frutstration of Blackstone renters, it became quickly apparent what had transpired. But what became of the Rental Derivative adventures on Wall Street? (a sordid attempt to create new exotic financial returns based on rent, not mortgages)
ace comando: Well, it took me several days and a lot of code writing to sift through the millions of achieved pages on the Wayback Machine achieves. Was about to give up when a colleague gave me mining script to look at all archived pages whether displayed or not. And
Feb 24, 2017 19:44:10 GMT -6
unlawflcombatnt: I've now changed the colors on the board to something more readable. At least now readers can find the sign-in tab.
Jul 6, 2014 22:58:23 GMT -6
unlawflcombatnt: OldUser-the sign-in area is in the dark area immediately under the red section that says Economic Populist Forum. It's almost impossible to see, unless you know where to look. This was ProBoards idea, not mine.
Jun 12, 2014 11:52:53 GMT -6
OldUser: There's no link on here to sign on or login. Where'd it go?
May 29, 2014 8:44:44 GMT -6
jeffolie: One might short a bull ETF to gain the decay but this requires a margin position subject to changes imposed by the exchanges & brokers
Oct 26, 2013 13:26:07 GMT -6
jeffolie: Holding a stop loss in these algo dominated markets almost always means the algos will hit your stops
Oct 26, 2013 13:20:09 GMT -6
jeffolie: Even so, these leveraged ETFs do not create margin calls nor expiration dates thus allowing one to hold indefinitely
Oct 26, 2013 13:17:52 GMT -6
jeffolie: Yes, the ETF features fading/leveraged decay because the futures and/or options used decay plus the administrative costs rise the decay, declining value ... I accept this as a cost and feature of all ETFs that purchase futures/options to maintain price
Oct 26, 2013 13:15:38 GMT -6
mimzy: Sorry, here is the article http://blog.quantumfading.com/2009/06/01/leveraged-decay/ I don't post that often, sometimes computers get away from me b4 I can edit.
Oct 25, 2013 20:49:11 GMT -6
mimzy: jeffolie ~ I've been reading/lurking you for a year or three now and was wondering if your could you explain how you overcome quantum fading/leveraged decay in your ETF short position of the DJIA?
Oct 25, 2013 20:46:26 GMT -6