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Secret #73 – Did the Internet Make the Real Estate Market LESS Rational!
Contrary to the theory of rational expectations, it appears the explosion of online real estate information made the real estate market less rational.
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John Wake
Secret #72 – Most Developers Today Don’t Want to Build Inexpensive Houses
They Want to Build More Profitable Houses
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John Wake
2
Secret #71 – Congress Almost Prevented 500,000 Foreclosures but the Financial Industry Stopped Them
President Obama’s Chair of the Council of Economic Advisers in 2009, Christina Romer, said in 2012, “Ultimately, we didn’t push for it as much as…
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John Wake
2
Secret #70 - What You Can Do to Increase Home Ownership
The lobbying efforts of the National Association of Realtors are a major force behind U.S. landlord tax breaks on single-family houses and condos, tax…
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John Wake
Secret #69 – NAR Considers Landlord-Ownership to be "Home Ownership"
When NAR says they’re fighting for “homeownership,” it seems they’re often fighting for landlord ownership which, mathematically, lowers the real home…
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John Wake
Secret #68 – 26% of Realtors™ Own Residential Properties for Investment
According to NAR, in addition to their primary residences, 26% of Realtors “owned other residential properties for investment.” That is, 26% of Realtors…
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John Wake
2
Secret #67 – The Largest Lobbying Organization in the U.S. is The National Association of Realtors (NAR)
The National Association of Realtors (NAR) is one of the most powerful lobbying groups in the country, both in Washington D.C. and at the state and…
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John Wake
8
Secret #66 – The Housing Wealth Effect is a Double-Edged, Lopsided Sword
When house prices go up $1, home owners spend 2 cents more in the economy but when house prices go down $1, home owners spend 4 cents less in the…
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John Wake
Secret #65 – The Fed Happily Destabilizes Family Wealth to Stabilize Wall Street
When the Fed wants to pump up the economy it lowers interest rates which increases the demand to buy houses more than the demand for most any other…
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John Wake
1
Secret #64 – The Fed’s Mandate is Stable Prices… EXCEPT House Prices
House prices have NOT been included in the U.S. Consumer Price Index since 1982.
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John Wake
Secret #63 – How to Easily Increase Home Ownership for FREE!
Internationally, it’s not unusual for countries to NOT have mortgage interest tax deductions or any other tax relief for mortgage debt. A 2022 OECD…
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John Wake
Secret #62 – Tax Breaks for Landlords Increase Homelessness
All the tax breaks for landlords make being a single-family landlord a lot more profitable which causes landlords to buy more houses which causes house…
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John Wake
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