Summary
PHILLIP J ANDERSON © Property Share Market Economics PropertyshareMarketEconomics. Start Here. PROPERTYSHAREMARKETECONOMICS. START HERE. I ‘saw the cat’ after bumping into an elephant. In New Delhi. Right smack bang in the middle of the city, no less. I’d been running down the stairs of the small rooms where I’d been staying, hurriedly trying to get to the bank to change some money. But what rea
Key Claims
- PHILLIP J ANDERSON © Property Share Market Economics PropertyshareMarketEconomics. Start Here. — confidence: medium
- HARRISON 1997… Further research revealed there had been others that had also done equally as 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. © Property Share Market Economics 7 By Phillip J Anderson — confidence: high
- FOLDVARY 1998… 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 the city’s awesome booms and busts up to that time. © Property Share Market Economics 8 By Phillip J Anderson — confidence: medium
- 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… © Property Share Market Economics 9 By Phillip J Anderson — confidence: medium
- It’s a vast room of material, neatly sorted and catalogued. The librarian there was unable to remember the last person that had been in to see it. Have a look at this. WENZLICK’S REAL ESTATE ACTIVITY INDICATOR Note the forecast through to 1991 forecasting another real estate crash should the cycle repeat. © Property Share Market Economics 11 By Phillip J Anderson — confidence: medium
Notable Quotes
“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.”