Econ Cat is :(

O, hai!

Econ Cat wishes for happy on this cold March morning. After alls, it is Friday, and I can now add Slate’s Daniel Gross to the list of people who have agreed with me immediately after I say something.

In fact, while oil and gold have hit new highs as worried investors hedge against the defective dollar, word from the trenches indicates people have begun taking my advice to buy local property instead.

But Econ Cat is still sad. The Sox released Mirabelli – again. And Boston is needlessly interfering with the free market by reducing to four the number of college students who can live in a single apartment. But worst of all, the Fed has redefined the term moral hazard. Bernanke Cat sez: needz moar bailouts.

So if you’re a financial institution, and you weren’t convinced by the S&L crisis, the message from the government is now clear: ruin lives, the economy, your own country’s security – it doesn’t matter, we’ll bail you out. And if anyone gets in your way, we’ll catch them buying a hooker.

Sooooos, on that lovely note, let’s look at some ibanker homes:

1 Louisburg Square #4/5 – $2,395,000
3 Beds, 2.5 Baths, 1,623 sq. ft.
OMG! The address alone is at least worth a mil. Neighbors include failed presidential candidates and relatives of failed presidents. Plus you can see all the way to the river.

2 Commonwealth Ave #9H – $3,150,000
3 Beds, 3.5 Baths, 2,427 sq. ft.
Nothing says “I just pawned off a truckload of bad mortgages as an investment-grade fund” like an expansive, two-level condo overlooking the Public Garden. Other reasons for big luvs – more toilets than beds and a valet parking service.

201 Newbury St #307 – $719,000
1 Bed, 1 Bath, 908 sq. ft.
Econ Cat understands we’re not all millionaires. But this gorgeous unit in a gorgeous building in a gorgeous part of Back Bay, with a private balcony, open floor plan, and nearly-all inclusive association fee, should take the sting off that for you.

kthxbye,

-Econ Cat