Just like a recipe in the kitchen, adding jobs, mixing in wage increases while monitoring inflation gives a pretty good idea of the end results. Jobs are everything to an economy. As usual, I invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market or a National Economy. The …Read more
Job growth at the state level churned along with only one state, Rhode Island, posting a decline, dropping a minimal 0.20 percent in the 12-months ending March 2019. The table below shows all 50 states plus the District of Columbia. Respective ranks of job growth among the 50 states and the District of Columbia as …Read more
While I live by the mantra and Axiom (truth) that Jobs are Everything, what those jobs pay are also critical in driving the purchase of goods and services ultimately fueling the economy. Given the blurring of varying inflation over time, income and growth need to be adjusted and expressed in Real terms (inflation adjusted) rather …Read more
My favorite axiom (truth) is There Is No Such Thing As A National Real Estate Market or a National Economy. This is an understatement when it comes to a global perspective given the vast diversity in everything. Differences in culture, economy, environment and demographics are norms. A major difference today is not only the size …Read more
Unless you filed an extension for federal income taxes with IRS, tax season is done for the next year – correct? Not necessarily so, as just like the economy and real estate markets, things change. As usual, I invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market or …Read more
State capitals are no-doubt the bastions of political power in each state – at least when the legislatures are in session. Many of the state capitals are also home to universities and colleges and major businesses and industries. Others (17 by count) are the largest cites in each state. But just like all cities, each …Read more
Axioms are truths with my primary Axiom being that Jobs Are everything to the economy and the ultimate demand for real estate. Period. Job growth, however, is not systemic across the country by state, Metropolitan Statistical Area (MSA) or Division. Just like states, variability in job growth exists across all MSAs and Divisions at any …Read more
This continues the theme that Axioms are truths, and my primary Axiom is that Jobs Are everything to the economy. Period. Variability in job growth exists across all states at any point in time and also within the same state over a time period. As usual, I invoke the TINSTAANREM axiom — There Is …Read more
As mentioned in prior blogs, perhaps the most frequent question I receive is, “What should my __________ (daughter, son, granddaughter, grandson –fill in the blank) study in college to be successful?” Success is not necessarily a function of what a person studies. While some people forgo compensation and pursue their personal desires, others are more …Read more
While residents and businesses from each state pay taxes to the federal government, each state also receives grants, programs and payments back from the feds. The amount sent and received on a per capita basis is not equal. Some states received more money back per capita than the state paid while others paid more than …Read more