Gyroscopic Investing

“It’s undeniable there are more people out there, and we haven’t seen it unabated like this in the summer in a long time,” said Mary Brosnahan, president of Coalition for the Homeless, an advocacy group. “It just keeps going up and up.”

Way out here in Honolulu we have the same problems of homelessness----so much for a "Tropical Paradise."  The Governor and Mayor and their Committees want to spend millions to convert shipping containers into residences and put them way out yonder where they can be out of sight.  The unresolved question is:  how do you get the homeless to agree to go out there and stay out there?  Feed them?  Counsel them?  Eliminate rules regarding behavior, drugs, alcohol?  We could use some ideas, please.

WiseOne wrote: I expect it's a combination of an underclass that's fundamentally stuck at where they are, and our relentless importing of fresh underclass material from countries to the south.  NYC's housing stock will never increase substantially simply because there's nowhere else to build, except for the occasional new luxury high rise.

So there's more pressure at the low end of the housing market, but I'm wondering why no one is thinking about options besides living in Manhattan.  Instead of bemoaning the lack of rentals for < $1,000 in midtown, City Hall might do well to consider that cheaper places are easy to find in the surrounding boroughs and suburbs.  Instead of course, it's a steady drone of more housing subsidies, more restrictions on evictions, and ultimately higher real estate taxes and higher costs to landlords.  Both of which, of course, will drive rents up further.

WiseOne wrote: If you want to really have a good time Reub, go read some more articles on the homeless situation.  They feature such upstanding citizens who "deserve" cheap housing such as a single mother of 12 and a refugee from Sierra Leone, while complaining that a 40 hour a week minimum wage job can't pay for the median Manhattan rental.  (News flash:  1) you can work more than 40 hours like the rest of us, 2) a minimum wage worker shouldn't be renting a median Manhattan apt...hell, *I* couldn't rent a median Manhattan apartment!, and 3) that calculation discounts that head of household tax credit.  So there.)

Reading that stuff alongside a coop financial statement that includes a 25% real estate tax increase has finally really gotten to me.  Hello Republicans.

Reub wrote: With Rand Paul as your face, libertarians are doomed to more decades of marginalism. Wow is he rude and angry!

Stewardship wrote:

Reub wrote: With Rand Paul as your face, libertarians are doomed to more decades of marginalism. Wow is he rude and angry!

I guess stating "I am not a libertarian" isn't enough to stop being the libertarian face, eh?

Fortunately a face isn't as powerful as an idea whose time has come.

Reub wrote: Btw, I believe Paul finished dead last in the post debate polling. Possibly all of his supporters were too stoned to cast a vote?

Reub wrote:

Stewardship wrote:

Reub wrote: With Rand Paul as your face, libertarians are doomed to more decades of marginalism. Wow is he rude and angry!

I guess stating "I am not a libertarian" isn't enough to stop being the libertarian face, eh?

Fortunately a face isn't as powerful as an idea whose time has come.

The libertarian idea has arrived only in the sense that Obama uses this aversion to war as an excuse to cave in to the mullahs in Iran.

Btw, I believe Paul finished dead last in the post debate polling. Possibly all of his supporters were too stoned to cast a vote?

Reub wrote: Whether you agree with me or not is unimportant.

Reub wrote: What is important is radical progressive/leftists Democrats & Republicans undermining our country by spending us into bankruptcy and opening up our borders to illegals wantonly. And in a million other ways.

Stewardship wrote:

Reub wrote: What is important is radical progressive/leftists Democrats & Republicans undermining our country by spending us into bankruptcyand opening up our borders to illegals wantonly. And in a million other ways.

FTFY