Johnstown forever

So if there is any doubt what drives the stats behind this article today: Full home ownership here is nation’s best, it really is pretty simple.  Of those who did not leave Pittsburgh, we have not had many folks move around.  Likely for many depressed home values prevented the type of equity appreciation that . . . → Read More: Johnstown forever

Chen Lin: How My Portfolio Gained 63% in 2012

Chen Lin has gotten so much attention for his investment success, new subscribers to his newsletter, What Is Chen Buying? What Is Chen Selling?, have to line up on a waiting list. Luckily, he sat down with The Energy Report to share some of the investment ideas that helped his portfolio climb 63% . . . → Read More: Chen Lin: How My Portfolio Gained 63% in 2012

Rent R Us

Of note in Bloomberg today: ”…Pittsburgh, where rents are at their highest in more than a decade.”  Anyone have the underlying report?

In itself the writeup is curious in what it omits, but it raises the spectre of a bigger conundrum.  Most benchmarking of cost of living differences between regions mostly come down to housing costs.  . . . → Read More: Rent R Us

Porter Stansberry: Gold and Real Estate Are My Hedges for the Fiscal Cliff

With nary a glimmer of hope that economic sense will supplant political expedience, Stansberry & Associates Investment Research Founder Porter Stansberry expects rampant inflation to roar in once the cost of capital rises. How is he preparing himself? Stansberry tells The Gold Report he continues to buy and hold gold and also discusses how . . . → Read More: Porter Stansberry: Gold and Real Estate Are My Hedges for the Fiscal Cliff

John Mauldin’s Prescription for Avoiding Economic Catastrophe

Best-selling author John Mauldin of Mauldin Economics says the EU is only left with choices that range from bad to disastrous. Meanwhile, Republicans and Democrats will have to hold hands and walk off the cliff together to solve U.S. economic problems. In this exclusive Gold Report interview, Mauldin expands on his comments at . . . → Read More: John Mauldin’s Prescription for Avoiding Economic Catastrophe

Retail madness

So in case you missed it.  A pretty sizable default of buildings at the South Side Works.  PBT: Soffer Organization defaults on three core SouthSide Works properties

An inkling of that was apparent long ago.    I guess the thing that I wonder about is why nobody ever poked much into the state of retail . . . → Read More: Retail madness

Homestead exemption?

So there is an idea being put out there to raise the homestead exemption for local property taxes in the city of Pittsburgh and school district.

Now who suggested that might be a good idea broadly?   I guess the only difference is I did not think of the idea of raising the exemption amount . . . → Read More: Homestead exemption?

The real RAD debate is forgotten

So the big debate of late is whether the Allegheny County Regional Asset District (aka RAD) is allowed to use some of its funding to support public transit. Some may not think about it much any longer, but what is the Regional Asset District?  No real ‘region’ in it.  The RAD is a semi-autonomous . . . → Read More: The real RAD debate is forgotten

Interesting readings for September 10, 2012

Rajdeep Sardesai on the problems of law and order in Bombay. Nothing is more important in the priorities of the State than the police and the courts.

In recent weeks, we’re seeing fresh attention on the flaws of the HR processes of government. Shashi Tharoor in the Indian Express on the IFS, and Sundeep . . . → Read More: Interesting readings for September 10, 2012

The UK under the loop – Safe Haven for How Much Longer?

One of the extraordinary effects of the euro zone debt crisis has been the manner in which the market and media have taken the notion of safe haven investment to heart. Consider for example the fact that the situation we are currently in largely comes down to too much debt tied to real . . . → Read More: The UK under the loop – Safe Haven for How Much Longer?