“‘Run in circles, scream and shout?’ That’s just my game.”
Redfin: Home Prices Up 14%, But Price Growth May Wane Soon. CTRL-F ‘riot’; not found.
CNBC: Denver suddenly has one of the most competitive housing markets in America.
Housing Wire: Biden’s first-time homebuyer tax credit in the age of COVID-19.
Housing Wire: Mortgage delinquencies expected to remain above pre-pandemic levels until 2022.
PJ Media: Life on the Streets: A Cop Confesses What Policing Is Like in the Age of BLM/Antifa.
FEE.org: The Pope Just Called Private Property a ‘Secondary Right.’ He Couldn’t Be More Wrong.
City Journal: Against Fear: President Trump’s handling of his coronavirus diagnosis models positive masculinity — rational and unbowed.
Brian Brady says:
From the City Journal article:
“We set highway speeding limits to maximize convenience at what we consider an acceptable risk to human life. It is statistically certain that every year, there will be tens of thousands of driving deaths. A considerable portion of those deaths could be averted by “following the science” of force and velocity and enforcing a speed limit of, say, 15 miles an hour. But we tolerate motor-vehicle deaths because we value driving 75 miles an hour on the highway, and up to 55 miles an hour in cities, more than we do saving those thousands of lives. When those deaths come—nearly 100 a day in 2019—we do not cancel the policy. Nor would it be logical to cancel a liberal highway speed because a legislator who voted for it died in a car accident.”
That’s it in a nutshell.
When millions of Americans pursued “strategic defaults” of their mortgages, in 2009-12, everyone screamed at lenders to lend more money. Why?
Because life must go on (and there were opportunities to lend to responsible buyers at good prices).
October 6, 2020 — 9:03 am