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Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California. This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.
3 comments:
I don't know what kind of price action they've had in Hoople in recent years, but at those prices my guess is that they must be making more land there.
My great grandparents moved out to North Dakota (Devil's Lake) and became homesteaders in the late 1800's. After losing many children to cold and disease, they realized they weren't farmers and fled to larger cities nearby. Back then they were basically getting paid to take the land. Doesn't seem to be much different today! But here's a thought... if there's a benefit to having people spread out more evenly throughout the U.S., instead of clumped up in large cities, maybe we can reinstate homesteading?
After you get one or two lined up and you start to use them successfully, watch what happens: They will tell their friends, who will tell their friends, and so on. It’s human nature to brag at cocktail parties or at the gym about what a great investment you just made. Before you know it, you will have all the funds you need by the David lindahl scam, and your business will explode!
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