“How to Avoid the Next Real Estate Downturn,” according to The New York Times

Mistitled — & Misleading [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] “Tell me where I’m going go die, so I won’t go there.” –Berkshire Hathaway’s Charlie Munger. Sorry, notwithstanding...
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How To Make an Asset Class Appreciate

First Houses, Now Gold? What’s the best way to make an asset class appreciate? A. Increase its intrinsic value B. Limit supply C. Increase its liquidity D. Stimulate demand Answer:  C. (credit also given for “D.”). Buried in a Wall Street Journal article last week (the good stuff always is) was this nugget: Whenever an asset gets...
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