Summary
© Property Share Market Economics I ‘saw the cat’ after bumping into an elephant. In New Delhi. Right smack bang in the middle of the city, no less. We’re talking 1986. I was backpacking around the world looking for answers to why the world looks like it does. I’d been running down the stairs of the small hotel where I’d been staying, hurriedly trying to get to the bank to change some money. …
Key Claims
- 7 © Property Share Market Economics Accurate ten years in advance, yes? Source: Shepheard-Walwyn Publishers. Further research revealed there have been several other land economists that had done equally well forecasting future economic events. Not many, but a few. Why didn’t everyone know about this? Fred Foldvary, in 1998, a university professor in California at the time no less, said this. — confidence: high
- 8 © Property Share Market Economics FOLDVARY 1998… Source: Author’s notes. You should look him up on the web. And then there was Homer Hoyt. Hoyt did his university thesis – in 1933 – about Chicago real estate. And found a rough 18-year cycle in that city’s awesome booms and busts up to that time. — confidence: medium
- 9 © Property Share Market Economics HOMER HOYT… Hoyt wrote it all down in an eventual book: “One Hundred Years of Land values in Chicago.” And then I discovered there was Roy Wenzlick as well… Source: Author’s notes — confidence: medium
- 13 © Property Share Market Economics Can you see the cat now? Source: unknown — confidence: medium
Notable Quotes
“5 © Property Share Market Economics Source: Anderson, Secret Life of Real Estate and Banking.”
“The world’s worst downturns are always preceded by land speculation - the chasing of the Economic Rent.”
“The librarian there was unable to remember the last person that had been in to see it.”
“What seemed to be called a ‘Financial Timetable’ from another author (?) I’d never heard of, W.D.”