The St. Louis Fed produced the above graph showing that nations with higher homeownership rates were hit harder by the 2007 financial crisis and are still dealing with greater aftereffects today. Nations with the most rental properties like Switzerland and…
Blog Archives
The economics of residential density
Most Americans are used to low-density towns and suburbs and like them a lot. Many Americans have experienced unpleasant high-population-density places in America. In fact most of the high-density urban areas in the US were relatively unpleasant in recent US…
Posted in Public Finance, Real Estate
House prices are crazy overvalued in Canada too
Canada is experiencing the hydrogen zeppelin of all real estate bubbles. It makes the 2008 US housing crisis look like a birthday balloon by comparison.
House prices are a bit high in the US and crazy overvalued in New Zealand
New Zealand is experiencing the hydrogen zeppelin of all real estate bubbles. It makes the 2008 US housing crisis look like a birthday balloon by comparison.
Hernando de Soto & Property Rights
Hernando de Soto thinks that formal property rights are the key to prosperity. The government must clearly define and enforce specific private ownership rights. De Soto’s thesis is that government must be efficient at clarifying the legal ownership rights for all…
Posted in Development, Real Estate
