Not a realtor but am partner in a real estate company. The average house price in 1965 was $13,500. When I forecast ongoing higher asset price inflation in my 1998 book (based on government overprinting) the average price was $278,000. Now it is $2,200,000. Not in a straight line … but always, always relentlessly higher. Now you must add timing to that to get it right.

Well, it is 3 mortgage companies in Britain not Britain itself. I guess they have so much money to lend and this is their way to get it out. Still…astounding!

ESG stands for environmental, social and governance. These are called pillars in ESG frameworks and represent the 3 main areas that companies are expected to report in. The goal of ESG is to capture all the non-financial risks and opportunities inherent to a company’s day to day activities.
Opponents say ESG investments allocate money based on political agendas, such as a drive against climate change, rather than on earning the best returns for savers. They say ESG is just the latest example of the world trying to get “woke. “Proponents believe that by buying company stocks that have a high ESG rating they help the world.

Yes, there are rating services such as Bloomberg, Fitch ratings or Moody’s. Yes, it could help stock buyers identify how a company rates on ESG issues. More importantly it may impact not only buyers but lenders (get better financing), employees, etc. I think that ‘woke’ or not, companies are striving for a good ESG rating. In my view it is also a reason why major corporations make seemingly idiotic decisions. There cannot be another reason. In the drive to get better ratings (better interest rates etc.) they try to please a small minority and manage to offend regular customers. 

It becomes a question for companies: Who is your client? What is the purpose of your company? Who is it run for? SHAREHOLDERS OR STAKEHOLDERS?

It was printed in 1998. It is out of print, but I can send you relevant sections. BUT NOTE: The whole point of the book is, that it is NOT location, location you need to know about. But inflation and timing. That’s why it is called  “FORGET ABOUT LOCATION, LOCATION, LOCATION.” http://forgetlocation.com/

No, I use AI video creation but not ChatGpt for videos.

March bank collapses were a result of illiquidity. Simplistically: Money printing creates more debt. As debt increases it gets more expensive, too expensive to pay, higher rate defaults happen. More liquidity crises (private and governments) indeed will happen worldwide. And eventually more inflation.

Ergo, eh? Well, when the Indian Rupee is now going global as 18 countries have agreed to trade in Rupee we need to take note. Also, Saudi Arabia is dealing with China. China dealing with Russia in Yuan’s …etc. NOTE: The world is trying to de-Dollarize the international market amid a global economic slowdown and India and China is turning this into an opportunity. This may not work in the short run….but….stay alert. More under US dollar item.

Well, some markets are still rising in FLA, the majority is not. What we were concerned about was the fact that we as foreigners can’t get insurance (flood, hurricane etc.) or only at great expense. This has become a real big deal for ALL Floridians now. Flood insurance is now mandatory. The incessant floods and storms have bankrupted Florida insurers. Below note these companies that are going bankrupt … just at year end: Insurers in Liquidation AMERICAN CAPITAL ASSURANCE CORPORATION, AVATAR PROPERTY AND CASUALTY  INSURANCE COMPANY, FEDNAT INSURANCE COMPANY, FLORIDA SPECIALTY INSURANCE COMPANY, GUARANTEE INSURANCE COMPANY, GULFSTREAM PROPERTY AND CASUALTY INSURANCE COMPANY, PHYSICIANS UNITED PLAN, INC.SOUTHERN FIDELITY INSURANCE COMPANY, ST. JOHNS INSURANCE COMPANY, INC., UNITED PROPERTY AND CASUALTY INSURANCE COMPANY, UNIVERSAL HEALTH CARE INSURANCE COMPANY, INC. UNIVERSAL HEALTH CARE, INC., WESTON PROPERTY & CASUALTY INSURANCE COMPANY, WINDHAVEN INSURANCE COMPANY.

If you think my pearls of wisdom are political you are wrong. I have argued against continuous government spending in 5 books and a thousand stories (starting in 1995 in my book “Forget About Location”). Simplistically, Keynesian thinking was, spend in slow times and pay it back in good times. However, our government decided to  dramatically increase government spending in good and bad times and then – to boot – crash interest rates to zero. I predicted the only outcome would be higher inflation in all hard assets.

Ok, the government realized it must do the “right thing” and raise rates. But they also RAISED their spending even more! A vicious circle. Inflation will come back with a vengeance.