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This presumes home building rates in the lead up to the GFC were unusually high, when in fact they were at a 50 year low: https://papers.ssrn.com/sol3/papers.cf
by shuckles 6y ago
This presumes home building rates in the lead up to the GFC were unusually high, when in fact they were at a 50 year low: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3569920 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3569920
- jeffbee 6y agoWhat's scary is we now have whole entire generations of Americans who have never personally witnessed a functioning housing market, and this is the kind of junk they believe.
- Finnucane 6y agohttps://www.census.gov/construction/nrc/historical_data/index.html https://www.census.gov/construction/nrc/historical_data/inde...
- jeffbee 6y agoThis data at FRED is much easier to work with. As you should be able to see, there was nothing exceptionally high about new housing construction in the first part of the 2000s. https://fred.stlouisfed.org/graph/?g=AA2Q https://fred.stlouisfed.org/graph/?g=AA2Q
- Finnucane 6y agoThen where is the exceptional demand going to come from to execute the proposed scheme?