The “Stuff” Value of Real Estate

When considering the value of an asset, what most people consider is the nominal value or “price” of the asset.  When prices are going up, people get excited, and greedy.  Rational analysis quickly gives way to fanciful visions of easy wealth.  Conversely, when prices...

Vaccinating Against the Gold Bug

Gold is a well-known commodity that has generated a tremendous emotional attachment for many people and investors. Phrases such as “gold plan” and “gold standard” have become commonplace in the contemporary vernacular. One of the most...