tag:blogger.com,1999:blog-1110014885778996459.post869655270167148313..comments2024-03-29T04:50:03.060-07:00Comments on Idiosyncratic Whisk: Denver Rents and PricesKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-1110014885778996459.post-52404640920425649812019-11-12T08:44:23.539-07:002019-11-12T08:44:23.539-07:00well! Many people are confusing whether they shoul...well! Many people are confusing whether they should rent or buy a house. In this article, I will make 7 arguments for owning rather than renting. By the end, you can decide if you agree with it for your own situation. <a href="https://homeia.com/reasons-why-owning-a-house-is-better-than-renting/" rel="nofollow">Read full article here >></a>Alice Grayhttps://www.blogger.com/profile/08455832208942839451noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-55239985574443707232017-01-31T23:18:47.275-07:002017-01-31T23:18:47.275-07:00Thanks Benjamin. Important to remember that bank ...Thanks Benjamin. Important to remember that bank failures were also very late in the game - 2009 and after. There was so much time to right the ship, but we refused.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-23416671734461416012017-01-30T00:13:30.963-07:002017-01-30T00:13:30.963-07:00https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1779...https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1779.en.pdf?7edad23ab5613b9693606b94616231eb<br /><br />https://www.imf.org/external/pubs/ft/wp/2009/wp0979.pdf<br /><br />maybe of interest Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-8066693653759335952017-01-27T22:11:00.186-07:002017-01-27T22:11:00.186-07:00Add on:
The above paper---a paper about house pr...Add on: <br /><br />The above paper---a paper about house prices!---does not even mention the topic of property zoning. <br /><br />Egads. Property zoning is not even on the radar, let alone central to discussions about house prices. At least in orthodox macroeconomic circles. Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-3046813824395331612017-01-27T20:36:39.564-07:002017-01-27T20:36:39.564-07:00That one too. No mention of property zoning.
The...That one too. No mention of property zoning. <br /><br />The below is a completely fascinating paper from the NY Fed. Okay, not me, a wag, but from the NY Fed. <br /><br />https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr541.pdf<br /><br />“The boom-bust in U.S. house prices has been a fundamental determinant of the recent financial crisis. The securitization process that eventually lead the financial sector to the brink of collapse crucially relied on expectations of ever-increasing house prices. Understanding the causes of these house price dynamics is crucial for preventing a repeat of a similar situation in the future.<br />Large and widening current account deficits accompanied soaring house prices, especially during the five years before the eruption of the crisis (figure 1). These two variables were perhaps the most discussed indicators of U.S. imbalances (Greenspan, 2005). Interestingly, the negative correlation between house price dynamics and current account balances is not specific to the U.S. but rather a robust global phenomenon, affecting advanced and emerging market economies alike(figure2).1 Countries that witnessed house price boom and substantial external deficits (such as Greece, Iceland, Ireland, Spain and the U.S.) also experienced among the highest degrees of financial turmoil during the crisis.2”<br /><br />Fascinating. Run a big trade deficit and boom your house prices….<br /><br />Huge trade deficits lead to gigantic and unstable house price booms?<br /><br />Who knew? But I think the mechanism still requires property zoning….Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-21711060091620468122017-01-26T17:48:01.806-07:002017-01-26T17:48:01.806-07:00the Australia post?the Australia post?Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-21342167591158398672017-01-26T17:32:59.666-07:002017-01-26T17:32:59.666-07:00Scott Sumner's latest post is interesting for ...Scott Sumner's latest post is interesting for what it misses....Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-51837412599038430742017-01-26T17:32:49.114-07:002017-01-26T17:32:49.114-07:00Scott Sumner's latest post is interesting for ...Scott Sumner's latest post is interesting for what it misses....Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-14796802149341266052017-01-25T15:03:57.690-07:002017-01-25T15:03:57.690-07:00Still no signs of life here in California. Pretty ...Still no signs of life here in California. Pretty much the only construction going on is high-rises in the small downtown areas. SFR construction is dead and mid density housing is basically illegal.<br /><br />http://www.abundanthousingla.org/2017/01/03/dont-call-it-a-boom-la-housing-growth/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-87946775417769431472017-01-25T14:27:32.424-07:002017-01-25T14:27:32.424-07:00That is interesting.
We need a Newton's 3rd L...That is interesting.<br /><br />We need a Newton's 3rd Law of Economic motion - for every action there is an equal and opposite reaction.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-83801193149460290302017-01-25T14:14:50.225-07:002017-01-25T14:14:50.225-07:00You might like the first comment to that article.....You might like the first comment to that article...interesting.Anonymousnoreply@blogger.com