The suburbanites understand risk much better than you do. You just think you know better because you know some fancy terms. This is your shortcoming.
Sadly I agree with you here.
Terry's thoughts are like a girl's bosoms covered by a wonderbra; at a cursory glance they look legit, and fill you with the hope that you've chanced upon something really special, but once you get around to actually unpacking them you realise there's nothing there and you've been had
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
Terry's thoughts are like a girl's bosoms covered by a wonderbra; at a cursory glance they look legit, and fill you with the hope that you've chanced upon something really special, but once you get around to actually unpacking them you realise there's nothing there and you've been had
Oh so you do not see any problem with taking different data sources, averaging key measures of dispersion across the data sets, then think you have a quantitative indicator or something meaningful. Let's hope that you don't involve yourself in any kind of activity that requires precision, clarity, and an understanding of primary inputs. I suspect you're not an engineer.
A Lurker
10 Oct 2015, 03:17 PM
The suburbanites understand risk much better than you do. You just think you know better because you know some fancy terms. This is your shortcoming.
No fancy terms there chief. Most of the terms are fundamental in nature and use quite widely in a range if disciplines, including risk management.
That depends if the objective value of the properties increased relative to expectations. If the suburbanite has a prudent approach to risk management, then there is less chance that they will be disappointed and they will also be better prepared for unexpected events. Simple stuff and far more valuable than the smirk of a troll.
Does it bother you that the suburbanites are generating more wealth than you?
But its nice to see you have bought into the language of the neoliberal revolution.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
And I don't? Where do you get this information or is it part of the troll repertoire? And what is its relevance to framing risk by using data pragmatically?
And I don't? Where do you get this information or is it part of the troll repertoire? And what is its relevance to framing risk by using data pragmatically?
Oh for god's sake Terry. Put a sock in it.
(see what I did there )
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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