Wow! This market is a mess.As a great follow up to his posts at CafeHayek on government's intervention in the housing market, Russell Roberts discusses the situation and bailout with reason.tv:Also...Here's the video from an Economics forum discussion at MIT (my Alma mater) on … [Read more...]
Cook County (Chicago) Sheriff Won’t Evict in Foreclosures
Cook Co. sheriff won't evict in foreclosures from Associated PressCook County Sheriff Tom Dart says he's ordered his deputies to stop taking part in evictions of properties that have been foreclosed upon.Dart says the change goes into effect Thursday. He says the decision comes because … [Read more...]
Glaeser: Let Housing Prices Fall
Ed Glaeser gives three compelling reasons why the government should end their infatuation with high housing prices. (Nonetheless, some of the same politicians speak through the other side of their mouths about promoting housing affordability): Why We Should Let Housing Prices Keep FallingThere … [Read more...]
Russell Roberts on Government Intervention in Housing
Russell Roberts of George Mason University, CafeHayek, and Econtalk wrote of series of Cafe Hayek posts on the various federal interventions in the housing market:Housing markets without the benefit of hindsightFannie reaches its goals--sort ofZero Down!Fannie and Freddie's other … [Read more...]
Econtalk Podcast: Shiller on Housing and Bubbles
Shiller on Housing and BubblesRobert Shiller of Yale University talks with EconTalk host Russ Roberts about the current housing mess and related financial market problems. Shiller argues that the decade-long run up in housing prices was a bubble where speculative fervor outweighed any economic … [Read more...]
Housing + Transportation Affordability Index
affordability in New York CityPlay with the HUD-Brookings Institution's new index maps here:The Housing + Transportation Affordability Index, developed by CNT and its collaborative partners, the Center for Transit Oriented Development (CTOD), is an innovative tool that measures the true … [Read more...]
Glaeser: State of the City
I'm a little slow picking up on this one, but the Wall Street Journal recently interviewed Harvard Urban Economist, Ed Glaeser. Here are some excerpts from State of the City:THE WALL STREET JOURNAL: What effect will higher gasoline prices have on urban planning in the U.S.?MR. GLAESER: I … [Read more...]
Glaeser on Affordability of NY vs Houston
Harvard Economist Ed Glaeser wrote an opinion piece in the New York Sun about the differences in housing affordability and other costs of living between Houston and New York.New York is naturally more expensive than Houston because the geographical constraints force higher density development, … [Read more...]