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The Coach in the Operating Room - The New Yorker - 37 views

  • I compared my results against national data, and I began beating the averages.
    • anonymous
       
      this is one of the most important reasons for data and using the data to help guide instruction
  • the obvious struck me as interesting: even Rafael Nadal has a coach. Nearly every élite tennis player in the world does. Professional athletes use coaches to make sure they are as good as they can be.
    • anonymous
       
      Why wouldn't we want a coach? Our supervisor or administrator often serves as an evaluator but might not have the time due to time constraints to serve as an effective and dedicated coach. Yet, a coach doesn't have to be an expert. Couldn't the coach just be a colleague with a different skill set?
  • They don’t even have to be good at the sport. The famous Olympic gymnastics coach Bela Karolyi couldn’t do a split if his life depended on it. Mainly, they observe, they judge, and they guide.
    • anonymous
       
      PROFOUND!!!
  • ...31 more annotations...
  • always evolving
    • anonymous
       
      Please tell me what profession isn't always evolving? It something isn't evolving, it is dying! So, why doesn't everyone on the face of the earth - regardless of his/her profession or station in life - need coaching periodically to help them continue to grow and evolve?
  • We have to keep developing our capabilities and avoid falling behind.
  • no matter how well prepared people are in their formative years, few can achieve and maintain their best performance on their own.
  • outside ears, and eyes, are important
  • For decades, research has confirmed that the big factor in determining how much students learn is not class size or the extent of standardized testing but the quality of their teachers.
    • anonymous
       
      So, instead of having students take test after test after test, why don't we just have coaches who observe and sit and discuss and offer suggestions and divide the number of tests we give students in half and do away with half? Are we concerned about student knowledge? student performance? student ability? student growth or capacity for growth? What we really need to identify is what we value!
  • California researchers in the early nineteen-eighties conducted a five-year study of teacher-skill development in eighty schools, and noticed something interesting. Workshops led teachers to use new skills in the classroom only ten per cent of the time. Even when a practice session with demonstrations and personal feedback was added, fewer than twenty per cent made the change. But when coaching was introduced—when a colleague watched them try the new skills in their own classroom and provided suggestions—adoption rates passed ninety per cent. A spate of small randomized trials confirmed the effect. Coached teachers were more effective, and their students did better on tests.
    • anonymous
       
      Of course they are more effective! They have a trusted individual to guide them, mentor them, help sustain them. The coach can cheer and affirm what the teacher is already doing well and offer suggestions that are desired and sought in order to improve their 'game' and become more effective.
  • they did not necessarily have any special expertise in a content area, like math or science.
    • anonymous
       
      Knowledge of the content is one thing and expertise is yet another. Sometimes what makes us better teachers is simply strategies and techniques - not expertise in the content. Sometimes what makes us better teachers could simply be using a different tool or offering options for students to choose.
  • The coaches let the teachers choose the direction for coaching. They usually know better than anyone what their difficulties are.
    • anonymous
       
      The conversation with the coach and the coach listening and learning what the teacher would like to expand, improve, and grow is probably the most vital part! If the teacher doesn't have a clue, the coach could start anywhere and that might not be what the teacher adopts and owns. So, the teacher must have ownership and direction.
  • teaches coaches to observe a few specifics: whether the teacher has an effective plan for instruction; how many students are engaged in the material; whether they interact respectfully; whether they engage in high-level conversations; whether they understand how they are progressing, or failing to progress.
    • anonymous
       
      This could provide specific categories to offer teachers a choice in what direction they want to go toward improving - especially important for those who want broad improvement or are clueless at where to start.
  • must engage in “deliberate practice”—sustained, mindful efforts to develop the full range of abilities that success requires. You have to work at what you’re not good at.
  • most people do not know where to start or how to proceed. Expertise, as the formula goes, requires going from unconscious incompetence to conscious incompetence to conscious competence and finally to unconscious competence.
    • anonymous
       
      Progression
  • The coach provides the outside eyes and ears, and makes you aware of where you’re falling short.
    • anonymous
       
      The coach also makes you aware of where you are excelling!
  • So coaches use a variety of approaches—showing what other, respected colleagues do, for instance, or reviewing videos of the subject’s performance. The most common, however, is just conversation.
  • “What worked?”
    • anonymous
       
      Great way to open any coaching conversation!
  • “How could you help her?”
  • “What else did you notice?”
    • anonymous
       
      These questions are quite similar to what we ask little children when they are learning something new. How did that go? What else could you do? What could you do differently? What more is needed? What would help?
  • something to try.
    • anonymous
       
      Suggestions of something to try! Any colleague can offer this - so why don't we ask colleagues for ideas of something to try more often?
  • three colleagues on a lunch break
  • Good coaches, he said, speak with credibility, make a personal connection, and focus little on themselves.
    • anonymous
       
      I probably need this printed out and stuck to the monitor of my computer or tattooed on my hand!
  • “listened more than they talked,” Knight said. “They were one hundred per cent present in the conversation.”
    • anonymous
       
      patient, engaged listening
  • coaching has definitely changed how satisfying teaching is
  • trying to get residents to think—to think like surgeons—and his questions exposed how much we had to learn.
    • anonymous
       
      Encouraging people to think - it is important to teach and encourage thinking rather than teaching them WHAT to think!
  • a whole list of observations like this.
  • one twenty-minute discussion gave me more to consider and work on than I’d had in the past five years.
  • watch other colleagues operate in order to gather ideas about what I could do.
    • anonymous
       
      This is one of the greatest strategies to promote growth - ever!
  • routine, high-quality video recordings of operations could enable us to figure out why some patients fare better than others.
    • anonymous
       
      I always hate seeing a video of me teaching but I did learn so much about myself, my teaching, and my students that I could not learn in any other way!
  • I know that I’m learning again.
  • It’s teaching with a trendier name. Coaching aimed at improving the performance of people who are already professionals is less usual.
    • anonymous
       
      But it still works and is effective at nudging even those who are fabulous to be even better!
  • modern society increasingly depends on ordinary people taking responsibility for doing extraordinary things
  • coaching may prove essential to the success of modern society.
  • We care about results in sports, and if we care half as much about results in schools and in hospitals we may reach the same conclusion.
  •  
    Valuable points about coaching - makes me want my own coach!
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5 Reasons Why Origami Improves Students' Skills | Edutopia - 59 views

  • origami
  • This art form engages students and sneakily enhances their skills -- including improved spatial perception and logical and sequential thinking.
  • Here are some ways that origami can be used in your classroom to improve a range of skills:
  • ...14 more annotations...
  • Geometry
  • According to the National Center for Education Statistics in 2003, geometry was one area of weakness among American students.
  • Origami has been found to strengthen an understanding of geometric concepts, formulas, and labels, making them come alive.
  • Thinking Skills
  • Origami excites other modalities of learning. It has been shown to improve spatial visualization skills using hands-on learning.
  • Fractions
  • Folding paper can demonstrate the fractions in a tactile way.
  • Problem Solving
  • Often in assignments, there is one set answer and one way to get there. Origami provides children an opportunity to solve something that isn't prescribed and gives them a chance to make friends with failure (i.e. trial and error).
  • Origami is a fun way to explain physics concepts. A thin piece of paper is not very strong, but if you fold it like an accordion it will be.
  • Researchers have found that students who use origami in math perform better.
  • STEAM
  • While schools are still catching up to the idea of origami as a STEAM engine (the merging of these disciplines), origami is already being used to solve tough problems in technology.
  • Additionally, the National Science Foundation, one of the government's largest funding agencies, has supported a few programs that link engineers with artists to use origami in designs. The ideas range from medical forceps to foldable plastic solar panels.
  •  
    Origami, the ancient art of paper folding, has applications in the modern-day classroom for teaching geometry, thinking skills, fractions, problem solving, and fun science.
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Learning and earning: Equipping people to stay ahead of technological change | The Econ... - 34 views

  • Today robotics and artificial intelligence call for another education revolution
  • working lives are so lengthy and so fast-changing that simply cramming more schooling in at the start is not enough. People must also be able to acquire new skills throughout their careers.
  • lifelong learning that exists today mainly benefits high achievers—and is therefore more likely to exacerbate inequality than diminish it.
  • ...6 more annotations...
  • a burst at the start and top-ups through company training—is breaking down. One reason is the need for new, and constantly updated, skills.
  • The 19th and 20th centuries saw stunning advances in education. That should be the scale of the ambition today
  • It is easier to learn later in life if you enjoyed the classroom first time around: about 80% of the learners on Coursera already have degrees. Online learning requires some IT literacy, yet one in four adults in the OECD has no or limited experience of computers. Skills atrophy unless they are used, but many low-end jobs give workers little chance to practise them.
  • Lifelong learning starts at school. As a rule, education should not be narrowly vocational. The curriculum needs to teach children how to study and think. A focus on “metacognition” will make them better at picking up skills later in life.
    • Dallas McPheeters
       
      Lifelong learning begins at home. Otherwise, it's an anomaly to the student's mind and may not be adopted.
  • Pushing people into ever-higher levels of formal education at the start of their lives is not the way to cope.
  • WHEN education fails to keep pace with technology, the result is inequality.
    • Dallas McPheeters
       
      Inequality was there long before high-tech innovations. The only gap produced by tech is between those with access to networks and devices and those without. two thirds of earth still without access to internet. 
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Effects of Technology on Classrooms and Students - 8 views

  • student satisfaction with the immediate feedback
    • kris james
       
      What is the most cost effective way to provide individualized, immediate feedback? Is it reasonable to do this without paying for subscription services?
  • Teachers talked about motivation from a number of different perspectives. Some mentioned motivation with respect to working in a specific subject area, for example, a greater willingness to write or to work on computational skills. Others spoke in terms of more general motivational effects--
  • When students are using technology as a tool or a support for communicating with others, they are in an active role rather than the passive role of recipient of information transmitted by a teacher, textbook, or broadcast. The student is actively making choices about how to generate, obtain, manipulate, or display information. Technology use allows many more students to be actively thinking about information, making choices, and executing skills than is typical in teacher-led lessons. Moreover, when technology is used as a tool to support students in performing authentic tasks, the students are in the position of defining their goals, making design decisions, and evaluating their progress.
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MentorMob - Learn What You Want, Teach What You Love - MentorMob - 90 views

  •  
    Explanation: MentorMob allows users to create playlists that learners follow. Users use a creative and interesting interface to create content for the presentation. Reasoning: Mentor Mob allows instructors to download playlist usage statistics and manage users. Analystics are also provided.
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Google Drive and Dropbox Cloud Storage Services Compared - 92 views

  • It’s early in the life of Google Drive, but Gmail has so many users that I think a lot of them will switch, or at least add Google Drive to their digital tools. Google Drive is a new player in file syncing, but the user base and integration of Google Docs gives Google’s new service an edge. Factor in the cheaper storage upgrade pricing and Google Drive is a better fit for users that need more than 5GB of storage. Dropbox still has an edge thanks to iPhone and iPad apps, but Google promises that Google Drive for the iPhone and iPad is just weeks away. With both services offering free storage, there’s no reason not to try both. Stream your music from Dropbox and store your documents and images in Google Drive. You get 10GB for free that way.
    • Jay Reimer
       
      I just started using Sugarsync which offers more flexibility for sharing individual folders. I am right now using a single subscription (I liked it so much!) to syn my Mac at home with my PC and my Mac at work as well as my wife's Mac at work to my personal Mac (with her login on it). It does all that without problems. I dropped Dropbox when I found, using it as a teacher, that students could take files OUT of Dropbox if they had shared access :( That caused a couple problems ... I like Google Docs "can see but not edit" option to prevent that. I like Google Drive for the potential to make your Google Docs work offline - though I have not tried that yet. However it is frustrating that if you rename or Move the Google Drive folder that Google loses track of the folder; kind of wimpy for a Google Application.... Jay
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fractions idea bank - 141 views

  • Fractions are as easy as pigs
  • One way to help students to understand the basics of adding and subtracting fractions (denominators must be the same; add/subtract the numerators; DO NOT add/subtract the denominators) is to teach the students what the parts of a fraction really are: numbers and names. This also helps combat the frequently-taught but incorrect idea that a fraction and a ratio are the same. A ratio may look like a fraction, but it is not a fraction.
  • FRACTIONS ARE AS EASY AS PIGS What is 2 pigs plus 3 pigs? 5 pigs (Write as a fraction: 2/pigs + 3/pigs = 5/pigs) Notice, we do not end up saying the answer is 5 horses.
  • ...10 more annotations...
  • The top of a fraction is a NUMBER: 1, 2, 3, etc. The bottom of a fraction is a NAME: half, third, fourth, etc. We can add and subtract numbers. We cannot add and subtract names.
  • Fraction Blackjack
  • Ask each student their "denominator." Don't give it away. Ask each one until one finally says their name. Continue through the room... Their name is their denominator. When you practice adding and subtracting fractions with like denominators, actually say "pigs" instead the fraction name. Then say, "Instead of pigs, we are using ..." and let them answer with the appropriate denominator. It is fun when doing subtraction to say, "If we have 5 pigs and eat 3 pigs, besides a stomachache, what is left?"
  • The transition to unlike denominators is automatic. If the names are not the same, you can't add the fractions. 2/pigs + 3 horses is still 2/pigs and 3/horses (unless we discover a "common denominator" -- a common name: farm animals). Once the students know they must have a common name (denominator) in order to add or subtract, they have a reason to learn about common denominators. By the way, I always begin common denominators without worrying about the Least Common Denominator (LCD). Once they can find a common denominator (multiply the denominators), add or subtract, and then reduce, they can be led to finding "easier" denominators to work with. Students who have too much difficulty with LCD can still get the correct answer; they just have more reducing to do. Those who can find a lower common denominator have less reducing. This is a very basic rendering of "Fractions are as easy as pigs." AWP, 10/12/00 on teachers.net math board
  • Denominate means: to name Political parties nominate (name) their candidates. Religious denominations are identified by their names. The denominations of money are the names of the coins and bills.
  • One game that my students enjoy the challenge of is Blackjack 1. You need a set of fraction cards per student (or you can make them from index cards.) The same rules as Blackjack apply. Instead of trying to get to 21, they want to try and get close to 1 without going over. With this game they practice addition and comparing -- it's great. You can also make it more challenging or bring in mixed numbers with Blackjack 2 or Blackjack 3. (Blackjack 2 means to try to get as close to 2 as possible without going over.) I am not sure where to buy fraction cards. I have one set that I received when I took over a classroom. However, I have always had the students create their own sets and we used them for several games. I gave each students a set of index cards (3 1/2 X 5) and they wrote the fractions in pencil so they couldn't be seen through the cards. These are the fractions we included: all fractions with a denominator of 2, 3, 4, 5, 6, 8, 10, and 12. (To challenge the students you may want to use the 7, 9, and 11 denominators as well.) I also had the students include 2 0's such as 0/3 and 0/4 and two 1's such as 3/3 and 4/4. Each game required two sets of cards, so I had the students write their initials in the corner of their set so they would get a complete set back after the game.
  • games
  • I remembered some
  • other
  • Fraction War Fraction War with the fraction cards: It is just like the card game of War, but with the fraction cards instead. This game helps students to compare fractions and encourages them to use number sense in comparison before using the algorithm of making equivalent fractions. Memory Memory with the fraction cards: It is just like the traditional "Memory" game, but any equivalent fractions are considered a match so 1/2 would be a match with 2/4. This game helps them to identify equivalent fractions. You can also play this game with fraction to decimal equivalence by making a set of decimal cards too. Fraction/Decimal Bingo Fraction/Decimal Bingo: The students have game boards with decimals on them. You call out fractions and if they have the decimal equivalence they can mark it on the board. Kimberly, 5/31 and 6/1 on teachers.net math board
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Teens, Sleep and School - 1 views

  • Research shows that teens need eight to nine hours of sleep at night, as compared with eight hours needed for adults. However, they are not getting enough sleep.
  • Tests by a professor at Oxford suggest that "students perform better in the afternoon, because their body clock is programmed about two hours later, possibly for hormonal reasons."
  • One solution is for parents to impose earlier bedtimes on their teenagers. A recent study found that "Teens whose parents pack them off to bed at 10 p.m. are less apt to become depressed or have suicidal thoughts than their peers who stay up much later."
  • ...1 more annotation...
  • parents can strive to get their teens less wired at night. This can be achieved by discouraging them from drinking caffeine past 12 noon, and by keeping TVs, computers, and especially cell phones out of their room at night.
  •  
    "Research has shown that teenagers don't get enough sleep at night and go to school tired. Some experts believe the cause is biological. Others believe that teenagers stay up late because of adolescent distractions. Early high school start times can also contribute to teens' tiredness. This article will explore possible causes and solutions to this problem."
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The complete list of problems with high-stakes standardized tests - The Answer Sheet - ... - 7 views

  • focus so narrowly
  • measure only “low level” thinking processes
  • they put the wrong people — test manufacturers — in charge of American education
  • ...9 more annotations...
  • simplify and trivialize learning
  • allow pass-fail rates to be manipulated by officials for political purposes
  • they provide minimal to no useful feedback
  • unfairly advantage those who can afford test prep
  • lead to neglect of physical conditioning, music, art, and other, non-verbal ways of learning
  • keyed to a deeply flawed curriculum
  • penalize test-takers who think in non-standard ways
  • radically limit their ability to adapt to learner differences
  • encourage use of threats, bribes, and other extrinsic motivators
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Evernote: A 0-to-60 MPH Guide - 218 views

  •  
    "Evernote is many things to many people because it's so powerful. But for the same reason, Evernote's purpose is vague enough that it can be hard to get started with it. First, you have to figure out what it can do for you. Here's a guide to how to think about Evernote, so you can get better at using it."
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What We Learned: A 1:1 iPad Reflection | Edutopia - 185 views

  • One of the best decisions our team made last summer was to pre-install Casper (5) profiles on all of our iPads. We pulled the student IDs from our ASPEN (6) student information system, logged each student into Casper and installed the four profiles needed for our plan. The profiles took Safari web browser off the iPad.
  • As we progressed through the year, we discovered that these tools took a lot of time to create something we were trying to move away from in the first place. The reason for moving away from textbooks is that they offer a myopic vision of a world that is ever-changing. Simply viewing a textbook on an iPad does not change or innovate learning, nor does it use the iPad to its full potential. If your plan is to digitize a standard textbook, save your money and renew your textbook licenses.
  • This year we are incorporating K-12 digital portfolios along with revised information and digital literacy standards. Every BPS student will have a Google Apps for Education account that they will use in conjunction with the Blogger (15) application to begin creating their Life of Learning portfolio
  • ...8 more annotations...
    • Jeppe Egendal
       
      Digital portfolio og blogger
    • Jeppe Egendal
       
      Begrundelser for anvendelsen af iPads i undervisningen bevæger sig fra en forestilling om at erstatte tekstbøger til en forestilling om at kunne lærerne kan samarbejde med eleverne i skyen ved hjælp af værktøjer, der automatisk synkroniserer med eleverns iPads
  • The students that make it into help desk are those who not only enjoy working with technology in an educational context, but have a desire to serve, support and possibly solve problems in the school on a daily basis.
  • . Aside from simply troubleshooting, our students help their former teachers at the middle and elementary levels as well as create how-to scripts and videos for students, faculty and the Burlington community. Our students have not only helped within the BPS community, but have helped our Tech Team organize two major conferences in the past year:
    • Jeppe Egendal
       
      Eleverne hjælper som ressorucepersoner i skolen
  • You can have the most precisely calculated plan in place before you launch, but if you don't have the right support in place, your launch may stumble. I regard our IT department as one of the best I have ever worked with. I say this in all sincerity because I do "work with" this team. These guys not only manage a robust infrastructure, but they take part in the educational conversation and give our staff the best tools to create dynamic, engaging classrooms.
    • Jeppe Egendal
       
      Teknisk support er en del af løsningen og de skal deltage i den løbende pædagogisk/didaksike debet
  • However, we must work to incorporate information and digital literacy standards into the K-12 curriculum as early as possible. Students in Kindergarten should understand what it means to be nice to someone and how that will translate to writing and living on the Web. As students grow up through the educational pathways, they must be exposed to new and emerging technologies as early as possible in a safe, responsible manner. By doing so, we are preparing them for a global economy that requires these skills.
    • Jamie Menshouse
       
      Our middle school is adding character education to the arts and humanities curriculum. Teaching students at a young age to be thoughtful and responsible with technology will make it a much better experience inside the classroom.
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No, algebra isn't necessary - and yes, STEM is overrated - The Answer Sheet - The Washi... - 69 views

  •  
    He said what?!
  •  
    Not learning algebra means you have shut the door on many careers. Sure you can lead a good life without it, but you have limited yourself. Math phobics are always looking for a reason to justify/validate their choice to avoid math. Trying to make math seem irrelevant to life is a common approach. Imagine saying learning English is overrated - many get by just fine without writing or reading much of anything in their daily lives. In fact, why do we need any education?
  •  
    It's an interesting article. The writer followed it up in his blog extending similar treatment to ALL subjects. It's more a treatise in how curriculum design and the current state of the system has failed society, rather than an attack on disciplines specifically. He actually has a STEM background, mind you.
2More

News From The Rock - 1 views

  • SKI CLUB:  Attention skiers and snowboarders ... or anyone who would like to learn.  Get some friends together, and let’s have some fun!  Nordic Mountain is giving Shattuck students a fantastic opportunity at a fantastic price.  See Mrs. McConnell in the office for information and forms.  It is a first-come, first-served activity, so hurry before the bus is full!  Remember, you do not need to know how to ski to join ski club. Forms and payment are due to Mrs. McConnell NO LATER than Wednesday, January 11.  
    • Brady Kiel
       
      I highly recommend that you try ski club. This is a very reasonable opportunity 
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Freakonomics » What Should Be Done About Standardized Tests? A Freakonomics Q... - 42 views

  • Gaston Caperton
  • Standardized tests have much in common with French fries. Both of them differ in composition as well as quality. French fries are available in numerous incarnations, including straight, curly, skins-on, skins-off, and, in recent years, with sweet potatoes. Regarding quality, of course, the taste of French fries can range substantially – from sublime to soggy. It’s really the same with standardized tests.
  • Take the No Child Left Behind Act, for instance, a federal accountability law requiring scads of standardized tests to be used in evaluating schools. Do you know that almost all of the standardized tests now being employed to judge school quality are unable to distinguish between well taught and badly taught students?
  • ...8 more annotations...
  • all schools – kindergarten through college – should employ exit exams allowing us to determine what students have actually learned. We owe it to our students to make sure that they’ve been properly taught.
  • Then there are the questions of what to do with the results. I have actually sat through an extended discussion of how we could use regression analysis to parse out the contribution different teachers made to a group of students’ performance on a set of standardized tests. The answer was, yes it was possible, and could in fact be used to award merit pay increases. But nobody left the room feeling very comfortable that there would be any gain in what we knew made for good teaching.
  • Roughly half of the nation’s students are taking tests under NCLB that are completely free of open-ended questions.
  • educators have a strong incentive to “teach to the test.” In this case, that means teaching low level skills at the expense of the more demanding material that everyone says students need to master in today’s complicated world.
  • But is it fair to give students what amounts to a counterfeit passport to college or work? And do such tests spur high school teachers and principals to aim high with their students? To both questions, the answer is, “No.” In most states today, high school exit tests serve the same role as the standardized tests mandated by NCLB: they try to jack up the floor of student achievement in the nation’s schools. The best high school exit tests would be end-of-course exams akin to the “comprehensive” exams that many colleges and universities require students to pass in their majors before graduation – tests, that is, that would raise the ceiling of student achievement.
  • High-stakes testing has narrowed and dumbed down curricula; eliminated time spent on untested subjects like social studies, art, and even recess; turned classrooms into little more than test preparation centers; reduced high school graduation rates; and driven good teachers from the profession. Those are all reasons why FairTest and other experts advocate a sharp reduction in public school standardized testing and a halt to exit exams.
  • igh school grade
  • point average is a better predictor of college success than either the SAT or the ACT.
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Always Late? Learn to Be On Time and to Stop Making Excuses for Being Late - 1 views

  • the first step is to make promptness a conscious priority. "Look at the costs of being late and the payoffs of being on time,"
  • Once you feel motivated to make a change, Morgenstern says the next step is to figure out why you're always late. The reason can usually be classified as either technical or psychological.
  •  
    "For some people, being on time seems nearly impossible -- no matter how important the event. They're always running out the door in a frenzy, arriving everywhere at least 10 minutes late. If this sounds like you, have you ever wished you could break the pattern?"
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5 K-12 Ed Tech Trends for 2012 -- THE Journal - 54 views

  • And according to Ganis there are good reasons to think tablets will work better for younger children than PCs or laptops.
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Japanese Real Estate Bubble Recoverry? - 0 views

  • look at economic trends
  • it is becoming more apparent that we may be entering a time when low wage jobs dominate and home prices remain sluggish for a decade moving forward.
  • looking at the Federal Reserve’s quantitative easing program, growth of lower paying jobs, baby boomers retiring, and the massive amount of excess housing inventory we start to see why Japan’s post-bubble real estate market is very likely to occur in the United States.
  • ...9 more annotations...
  • both economies had extraordinarily large real estate bubbles.
  • Massive real estate bubble (check) -Central bank bailing out banks (check) -Bailed out banks keep bad real estate loans on their books at inflated values (check) -Government taking on higher and higher levels of debt relative to GDP (check) -Employment situation stabilizes with less secure labor force (check) -Home prices remain stagnant (check)
  • the United States had never witnessed a year over year drop in nationwide home prices since the Great Depression.
  • home prices are now back to levels last seen 8 years ago.  The lost decade is now nipping at our heels but what about two lost decades like Japan?
  • the U.S. has such a large number of part-time workers and many of the new jobs being added are coming in lower paying sectors signifies that our economy is not supportive of the reasons that gave us solid home prices for many decades. 
  • young Japanese workers, some in their late 20s or early 30s, already resigned that they would never buy a home.
  • The notion that housing is always a great investment runs counter to what they saw in their lives.  Will they even want to buy as many baby boomers put their larger homes on the market
  • many of our young households here are now coming out with massive amounts of student loan debt.
  • Lower incomes, more debt, and less job security.  What this translated to in Japan was stagnant home prices for 20 full years.  We are nearing our 10 year bear market anniversary in real estate so another 10 is not impossible.  What can change this?  Higher median household incomes across the nation but at a time when gas costs $4 a gallon, grocery prices are increasing, college tuition is in a bubble, and the financial system operates with no reform and exploits the bubble of the day, it is hard to see why Americans would be pushing home prices higher.
  •  
    Explains how Japan has responded to the breaking of their real estate market bubble and the effect it has had on Japan's economy
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