tag:blogger.com,1999:blog-1110014885778996459.post3412304758696844928..comments2024-03-29T04:50:03.060-07:00Comments on Idiosyncratic Whisk: Housing: Part 248 - No, Phoenix didn't build too many homes.Kevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1110014885778996459.post-26349722796640520202017-08-03T17:43:53.770-07:002017-08-03T17:43:53.770-07:00Here is one orthodox macroeconomists will ignore:
...Here is one orthodox macroeconomists will ignore:<br /><br />The world’s freest economy (as ranked by Heritage Foundation)?<br /><br />http://www.scmp.com/news/hong-kong/economy/article/2071423/hong-kong-pips-singapore-be-ranked-worlds-freest-economy-23rd<br /><br />Hong Kong!<br /><br />A place where two-thirds of median family income is absorbed by mortgage payments and which has the world’s least affordable housing?<br /><br />Hong Kong!<br /><br />http://www.scmp.com/business/article/2064554/hong-kong-named-most-expensive-housing-market-world-seventh-straight-yearBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-36500342877651359752017-08-03T17:42:35.479-07:002017-08-03T17:42:35.479-07:00I love it. The Overton Window is sliding right up ...I love it. The Overton Window is sliding right up to me.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-71297308160391848112017-08-03T17:33:30.978-07:002017-08-03T17:33:30.978-07:00http://marginalrevolution.com/marginalrevolution/2...http://marginalrevolution.com/marginalrevolution/2017/08/housing-price-bubble-revisited.html<br /><br />Alex T gets closer….still no cigarBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-80711553380857407752017-08-03T16:18:13.850-07:002017-08-03T16:18:13.850-07:00Credit is objectively tight at the public agencies...Credit is objectively tight at the public agencies. Mortgage issuance is more sensitive to income, FICO scores, etc. than it ever has been in modern US housing markets. And, Price/Rent levels are extremely low in low tier markets, especially given low real long term interest rates.<br /><br />This isn't questionable. The signals are extreme.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-23769138347955507742017-08-03T15:42:02.353-07:002017-08-03T15:42:02.353-07:00I continue to be confused why you think credit is ...I continue to be confused why you think credit is tight. I could get financing right now to build 5 spec homes...piece of cake. I just think it's a poor return on capital.Anonymousnoreply@blogger.com