3 ms·
It's like this guy has never heard of a speculative bubble, and sets up a series of straw men to nock down instead. Even though "bubble" is in the title. Edit:
by greesil 5y ago
It's like this guy has never heard of a speculative bubble, and sets up a series of straw men to nock down instead. Even though "bubble" is in the title.
Edit: oh I get it, his point is that yes there was a bubble, and that's why prices went up. Without extra supply it would have been worse. I think that's putting the horse before the cart, because without the bubble the extra supply wouldn't have been built.
This post is all over the place.
- dwighttk 5y agoI think the horse goes before the cart.
- onlyrealcuzzo 5y agoIn lot of housing markets (most) - one cannot simply build more housing. The localities do everything they can to limit supply. In fact - places like Ireland are shockingly rare exceptions where supply actually went up with demand. That's why this article is interesting.
- simplestats 5y agoLooks like the links in the second paragraph are examples or perhaps origins of the myths he is attacking. The topic is apparently his phd thesis.