John T. Reed’s news blog

Wall Street Journal’s talk-home-values-down writer Nicole Friedman yesterday had a front page article titled “Housing Market Cools as Rates Jolt Buyers.”.Her basic thesis is that mortgage rates at their current level of 6.65% have caused the house units sold to fall and vaguely suggests those rates also cause home values to fall..I just did something I never see evidence of Friedman doing: I looked at the historical record..“Friedman’s Law” is that mortgage interest rates at 6.65% or above cause home values to fall and home units sold to fall..Here is a graph of house units sold since 1963. .https://fred.stlouisfed.org/series/HSN1FA.And here is...

Colon cancer death rates are falling less rapidly than recently and hitting younger people. Actor Chadwick Boseman died of colon cancer at age 43 in 2020..Native Americans and blacks have higher incidence of diagnoses and deaths. In the case of AK Native Americans, that may be due to difficulty accessing screening. I do not know the reason for other Native Americans or blacks. It is also higher in Appalachia and parts of the South and Midwest. That sounds like failure to get screenings that are available. Those geographic areas also have higher rates of obesity, smoking, and drug overdoses. Sounds...

I tried to find Dilbert creator’s Scott Adams video talk about approximately half of blacks saying in a Rasmussen poll that it is not okay to be white. I suspected the resulting accusations that he is racist were unwarranted and wanted to see the full context..I was not able to find it. I DID find what appears to be maybe the one he did the next day. https://www.youtube.com/watch?v=mY_LYKlaiAk.As I suspected, he is just noting the widespread dysfunction, many bad choices, widespread lack of education, crime waves, and other pathologies in the inner-city, young, male black communities. As he says and...

Today’s WSJ has a long article about new landlords going wrong. As with most such articles, It is vague and amateurish. Do new landlords need advice? Hell yes. They are playing with fire..Their first critique is that many new landlords do not “treat it as a business.” That is the useless because it is too vague. .What does it mean? Probably most new landlords are employees, not entrepreneurs. So it’s like saying treat your rental house like you treat your other business. “I don’t have another business. I am an elementary school administrator.” This advice was from a BiggerPockets person. As...

I just started allowing moderated comments here for the first time. I rejected all three. At my Facebook pages, people who strayed from facts and logic were eventually blocked leaving a well-behaved bunch. At my blog, anonymous kooks are allowed to post, not just facebook members who are supposed to give their names. Anonymity encourages misbehavior. . At the blog, comments do not appear until I approve them. .My facebook page is https://www.facebook.com/johntreed.publishing..This blog is Rejected first three comments here—I rarely had to do that on FacebookJan 20, 2023