Archive for March, 2009

Home ownership and the recession

I’m a big fan of renting my home. I’m not tied down, it’s fairly cheap for what I get, and I don’t have to worry about fixing stuff or doing yard work. I know there’s cons (I can’t itemize my charitable deductions or write off any money spent on housing, and I have neighbors I clearly hear on either side of me), but the pros outweigh those cons for me.

Along with those major pros, I also believe that real estate is an unstable and scary investment and that buying a house is an inflated, falsified American Dream (TM). I’ve been saying this for years, occasionally spotting articles to lightly back up my argument, but I’ve finally found the real deal.

The March issue of The Atlantic includes a highly readable article about how the American landscape will change after the recession. Near the end of the artcle, author Richard Florida provides some ideas on how to wade through the economic mess.

His solution begins with increasing the number of people renting.

So how do we move past the bubble, the crash, and an aging, obsolescent model of economic life? What’s the right spatial fix for the economy today, and how do we achieve it?

The solution begins with the removal of homeownership from its long-privileged place at the center of the U.S. economy. Substantial incentives for homeownership (from tax breaks to artificially low mortgage-interest rates) distort demand, encouraging people to buy bigger houses than they otherwise would. That means less spending on medical technology, or software, or alternative energy—the sectors and products that could drive U.S. growth and exports in the coming years. Artificial demand for bigger houses also skews residential patterns, leading to excessive low-density suburban growth. The measures that prop up this demand should be eliminated.

If anything, our government policies should encourage renting, not buying. Homeownership occupies a central place in the American Dream primarily because decades of policy have put it there. A recent study by Grace Wong, an economist at the Wharton School of Business, shows that, controlling for income and demographics, homeowners are no happier than renters, nor do they report lower levels of stress or higher levels of self-esteem.

And while homeownership has some social benefits—a higher level of civic engagement is one—it is costly to the economy. The economist Andrew Oswald has demonstrated that in both the United States and Europe, those places with higher homeownership rates also suffer from higher unemployment. Homeownership, Oswald found, is a more important predictor of unemployment than rates of unionization or the generosity of welfare benefits. Too often, it ties people to declining or blighted locations, and forces them into work—if they can find it—that is a poor match for their interests and abilities.

The author hits the nail hard, hopefully loud enough for 20 and 30-somethings to hear before they buy their first place.

You might ask, “But what about families with four or five kids – how can they live in apartments?”

I would respond with “Don’t have so damn many kids” and ensure condoms are freely distributed in more places. But Mr. Florida has a more suitable idea:

Instead of resisting foreclosures, the government should seek to facilitate them in ways that can minimize pain and disruption. Banks that take back homes, for instance, could be required to offer to rent each home to the previous homeowner, at market rates—which are typically lower than mortgage payments—for some number of years. (At the end of that period, the former homeowner could be given the option to repurchase the home at the prevailing market price.) A bigger, healthier rental market, with more choices, would make renting a more attractive option for many people; it would also make the economy as a whole more flexible and responsive.

I feel more than justified. I feel RIGHT.

Ahh, corporate BS

I recently came across this job posting for an Administrative Assistant. Now I feel even worse for laid off people who are looking for jobs. My commentary appears in italics.

Responsibilities

  • Provides analytical and specialized administrative support to relieve executive, administrative, and line and staff managers of complex details and advanced administrative duties.

I’m not quite sure where to begin with this one. What kind of specialized support? Like a call girl? If the position is to relieve everyone above the new person of “complex details”, what is left for the higher ups to do? Or is this admin actually above executives? Does “advanced administrative duties” include ass-wiping?

  • Executes special or continuous research and data analysis tasks.

So, it’s either special or continuous, not both. Can do special, but not continuous? Go ahead and apply.

  • Analyzes problems, determines approach, compiles and analyzes data, and prepares reports/recommendations.

Third time “analysis” has been mentioned in as many bullets. Is this an Admin Assistant, or a Business Analyst? Or maybe a DBA.

  • Coordinates activities between departments and outside parties.
  • Contacts company personnel at all organizational levels to gather information and prepare reports.

Finally, some real, traditional Admin Assistant responsibilities.

  • Work is generally of a critical or confidential nature.

How is that a responsibility? Try: “Produce work of a critical or confidential nature.”

Qualifications:

Experience

  • Strong Computer skills – MS Office

I understand there is an argument to be made for capitalizing Internet or Web, but “Computer” has never been an option.

  • Ability to learn, understand and introduce new ideas into new tasks

They don’t want anyone who cannot “learn” or “understand”. So, retards need not apply, but maybe dogs can. But what about introducing new ideas into old tasks?

  • Must have the ability to multi-task in a fast paced environment

No shit – every job description says that.

  • Effective Communication and Organization Skills

Is capitalizing for emphasis Needed experience for job posters?

  • Marketing, sales, account management, project management experience are all a benefit.

This is sounding less and less like an Administrative Assistant. Maybe they want an ex-PM who has now decided her true calling is admin work. They must want to hire someone very cheaply to wipe asses and do everyone else’s job while they go have lunch on the company’s dime.

  • In-depth knowledge of client facing [employer] systems is a plus

So, you want to hire internally? What if it’s a proprietary system you’d only know if you were a client?

  • Independent, self-motivated, and success driven. Technical aptitude

Obviously you’d have to be success driven to apply for this Admin Assistant/Project Manager/Ass-wiper. You’d be movin’ on up in no time!

Education

  • College Degree or applicable experience preferred

So, your preference is no preference between college degree and applicable experience.