You made it through Monday.  Enjoy some reads as a reward:

• London Enjoys Record-Setting $237 Million Penthouse Sale (World Property Channel) see also 20 million U.S. families could buy homes, but don’t (MarketWatch)
• Jeremy Grantham on Bubbles: ‘I Am Sure It Will End Badly’ (MoneyBeat)
• Fund Management: Cheap is cheerful (Economist)
• How Jon Stein plans to make the most of $45 million of VC money in remaking the RIA business (RIABiz)
• The iPad discontinuity (Asymco)
• Seven things we now know about Obamacare enrollment (Vox)
Why can’t we? Indonesia to Boost Financing for Roads and Airports (Bloomberg)
• Why Gun-Rights Backers Win While Other Conservative Causes Lose (The Atlantic)
• How Russia Conquered Eastern Ukraine Without Firing a Shot (Vice)
• The 11 Defining Features of the Summer Blockbuster (FiveThirtyEight)

What are you reading?

 
The New Math of Renting vs. Buying

Source: WSJ

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “10 Monday PM Reads”

  1. willid3 says:

    the best gauge of the labor market isn’t the unemployment rate?

    http://www.nytimes.com/2014/05/05/upshot/in-tepid-wage-growth-a-potent-sign-of-a-far-from-healthy-economy.html?_r=0

    is wage inflation?

  2. Livermore Shimervore says:

    I’d like to see a chart that has markets where the typical buyer can afford to keep up with home ownership costs and *fully* fund their retirement accounts. The U.S. savings rate has nose-dived from nearly 12% to 2% ever since Wall Street figured out a way to float bigger mortgages to more buyers. More bidders with borrowed money? Signficantly higher housing costs all around. Which of course leaves no money left over each month for the inevitable retirement. They’re all gambling that they’ll recover their sunk money when it comes time to sell at age 65. But holding onto the home is out of the question because taxes and ownership costs are rising well beyond their nest egg’s ability to keep up.

    Americans would be wise to leave real estate as the bottom of the list aaset class in their portfolio rather than devoting half or more of their take home pay towards it. Look at Switzerland, one of the *lowest* home ownership rates in the developed world. Result: they have a 17% savings rate. And fewer seniors eating cat food every night.

    http://www.nytimes.com/2013/07/14/business/owning-a-home-isnt-always-a-virtue.html?_r=0

  3. RW says:

    Delayed or even damaged careers as a result of entering the work force at the wrong time is not particularly big news: The news is how the financial system and its political sycophants made the situation worse.

    Student Debt and a Broken Financial System

    When the Class of 2009 entered college in 2005, they had good reason to be optimistic. The economy appeared to be healthy, and a college degree commanded higher wages. College, of course, is expensive. And almost 2 out of 3 students entering college took on some debt. They took on that debt believing that it would be easy to pay back given the strong market for those with a college degree.

    But then the biggest recession in 80 years hit …

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