One of the issues of the day continues to be what’s known as offshoring — which is shorthand for sending some jobs overseas because the labor is cheaper. You’ll be glad to learn the physics of economics aren’t suspended when you leave our shores. 
Read what Alan Greedspan would say if he was a Realtor. And find out what happens when you borrow at X% interest and loan it out at X++%.
The Financial Times writes an interesting piece about the inevitable. Bangalore wages spur ‘reverse offshoring’ offers empirical evidence that economic physics works everywhere. Supply and demand will not be denied.
Kevin Boer over at 3 Oceans channels Alan Greenspan as a Realtor with If Alan Greenspan Was A Realtor. I found it hilarious, wondering if Kevin had to take a beer break to get his head back on straight. Great stuff.
Brian Brady wrote a piece at BloodhoundBlog, HARD MONEY: Buy at Eight. Sell at Twelve. Repeat. that is so simple in concept it’s brilliant. It’s not new by any stretch, either. In first meetings with new clients I often tell them this is how bankers become gazillionaires. Of course, investing in real estate makes more sense for most, because of their need for capital growth. That said, the investor who is satisfied with their tax sheltered and tax free income would do well to pay attention. The concept is like gravity – it works every time it’s tried. This is a MUST READ if only because it’s explained so simply and elegantly.
“…and remember. The daily Bawldys have approximately 1/365th the value of our annual awards.”
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About BawldGuy
A bawldy for me? Thanks! I appreciate the honor. That Alan Greenspan post was a lot of fun to write. Wondering if I should start a series?
If you did, I’d sure read it.
How ’bout Paris Hilton?
Thanks, Jeff. I think the post may have come off as a bit of a sales pitch which I hadn’t planned. I was trying to show that you can do the same thing bankers do.
You saw it.
Your comment about real estate for growth is correct. Most of my clients are wealthy folks who like to manage their income investments by investing in trust deeds.
Why is that? Well, they made all of their money grow by investing in…
…you guessed it, real estate.
And the rich get richer.