John T. Reed’s news blog

The article linked below is super. It says crypto is a great help to Argentinians in their hyperinflation, but almost unrecognizable in how they use it versus how American crypto pushers say to use it. .Also, Argentina, seems to have a sort of late Prohibition tolerance of illegal black market use of currencies other than Argentinian pesos..The usefulness of crypto in Argentina’s hyperinflation means next to nothing in today’s possibly pre-hyperinflation America. To me, the meaning is that if and when we get USD hyperinflation, you should quickly try to get informed as to the ability to use crypto in...

Yet another WSJ illogical, anti-home article, this one by Veronica Dagher. Apparently, the Journal haa a required course on anti-logic and “stick to the anti-home” narrative for all new hires to remain consistent. . The headline today is “Home Sellers Worry They Missed Wave.” . Did home prices fall? . No. . So what exactly have they missed? The article’s evidence is that nowadays sellers often have to cut their asking price more than once to sell. Did they cut it below what selling prices were six months ago? No. . So they have not “missed out” on even one...

I never heard about BRRRR until I joined the Reddit group months ago. I bought a copy of the BRRRR book by Brandon Phillips to read it. Uh, it seems to be written by a recent immigrant to the US for whom English is a second language that he has not yet mastered. There is nothing wrong with immigrants, but understanding U.S. real estate investing requires a certain amount of experience with it. One guru had a guy from New Zealand telling us Americans how to invest in real estate. One of his recommendations was to paint the roof of...

Profitable rehabThe vast majority of real estate rehab do NOT make money. They lose money. But the amount of time that lapses is so great that marketwide appreciation that would have happened withOUT the rehab is the actual source of the profit, but the rehabber incorrectly claims it was his rehab that caused the value increase..What types of rehab ARE profitable? • Adding a bedroom to a one-bedroom house or apartment (Adding a third bedroom is less likely to be profitable)• Cleaning dirty property by power wash, scrubbing, brass polish brass, etc. is rehab, not just painting or carpeting which...

The spin war on home prices gets more comical by the day. Today’s WSJ has a front-page graph showing median home prices set a new record at $416,000 (NAR existing homes) in June. . But the printed headline said “Record Home Prices Hit Sales.” . Do you know who cares about home “Sales?” Realtors®. I used to be one in the 1970s. They get commissions—one per sale. Fewer home sales means fewer commissions. . It used to be that mass media reported on home sale prices because every homeowner and would-be homeowner cares greatly about home values. For most Americans,...