Tuesday, December 26, 2023

Olympic Host City Taxpayers Real Complaints


10 Cities with Debt Complaints

Did you know that the average cost to host the Olympics is about $12 Billion just for sports related costs, with some cities spending as much as $60 billion on the event. While everyone loves the Olympics, Hosting the Olympics is a different story and has proven to be detrimental to some cities in a number of ways.

Jul 22, 2021 — In the run up to the Rio 2016 Olympic Games, the favela community of Vila Autódromo was virtually destroyed. It sat on prime real estate at ...
Jul 29, 2021 — A total of about 6,000 were evicted from their public housing. Unhoused Atlantans were forcibly removed from high traffic Olympic areas, ...
Jun 1, 2021 — In host citiesthe games have displaced residents, sped up gentrification, and increased policing and the militarization of the public sphere.
Spending lavishly on a short-lived event is, economically speaking, a dubious long-term strategy." There are exceptions: Los Angeles in '84 and Barcelona in ' ...
Jul 24, 2021 — There's no reason to rebuild the Olympic Shangri-La every four years. It doesn't make sense for the cities. It certainly makes no sense from the ...
The Olympics are coming back to Los Angeles. But the games are notoriously bad news for poor people in host cities. September 28, 2017
Because the economic impact of hosting the Olympics tends to be less positive than anticipated, most cities may be better off not submitting bids.
Aug 24, 2021 — Researchers and activists argue the financial and human cost of hosting the Olympic Games may outweigh the benefits.

What I Learned from this video and additional reporting - City politicians and games promoters lie about the costs. Taxpayers can suffer for a lifetime from the debt burden.

Sunday, December 24, 2023

Housing Market Economics Require Consistent Comparisons

 



https://www.youtube.com/watch?v=tHnqSfDvI_U

Explore the Sahm Rule, a key recession indicator by economist Claudia Sahm, signaling economic downturns when the unemployment rate's 3-month average rises by over 0.5%. Currently at 0.3%, its upward trend sparks speculation about a potential 2024 recession.

I learned that this economic indicator is an excellent confirmation metric.

https://www.youtube.com/watch?v=iTE0bZZF1TM

Look into the contrasting trends of declining prices in newly constructed homes and rising prices in existing homes, backed by a detailed analysis of the crucial months supply metric.

I learned that valuation details are important when comparing.

Saturday, December 2, 2023

Solving the Housing Crisis

 https://www.youtube.com/shorts/5JoIINkEwdY

This woman worked for 6 months,  spent $ 5,544 and now has a home. 

Lots of good principals - created wealth, gained experience, recycled and saved a home from being totally trashed and a burden to landfill.

This video shows an individual can help themselves to better housing. 

This video shows that it does take work, some time and some money. 

The result is excellent.

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This video shows a group of professional tradesmen who totally reno this property.

Helping renovators creates work for local tradesmen, increases the value of properties and turns derelict properties into revenue generators for municipalities.

The result is excellent.

The trash everything and start fresh is not the best solution in many cases.

Wednesday, November 29, 2023

The Value of USA Education is Declining