Monday, July 16, 2007

A Plague Market

History teachers are always trying to tell you how horrible the Black Plague was in Europe back in the day, how it killed a ton of people in horrible ways, blah blah blah. Despite all the bad publicity from these naysayers, though, the bubonic plague did have some positive aspects. Just think how easy it would be to buy a bunch of land after 1/3 of the continent is dead. There would be entire estates just totally wiped out that you could pick up for real cheap. Yes, economists generally agree that the best time to buy real estate is not when interest rates are lowered, but instead when there is a horrible plague going around killing a bunch of land owners. Why don't history teachers talk about these positive aspects of the plague more? Because history teachers don't fundamentally understand real estate, that's why.

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