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This seems like the minority opinion. It might be right, but it's far from damning evidence that the housing bubbles are myths. It's certainly not proof that

This seems like the minority opinion. It might be right, but it's far from damning evidence that the housing bubbles are myths. It's certainly not proof that it's a myth, and certainly not a commonly held view

eru 3y ago
> It might be right, but it's far from damning evidence that the housing bubbles are myths. Kevin Erdmann's book 'Shut out' https://www.mercatus.org/research/books/shut-out https://www.mercatus.org/research/books/shut-out has a lot more evidence piled up. https://kevinerdmann.substack.com/p/interest-rates-arent-the-problem https://kevinerdmann.substack.com/p/interest-rates-arent-the... has some interesting recent observations about the topic of housing, finance and interest rates.
- iancmceachern 3y ago
  Here is a book review on that first book. I wanted to dig deeper because the Amazon page only has a handful of reviews, including one stating the book had no index and was not proofread. "Many factors influenced the Great Recession. Erdmann's ideas provide a valuable new perspective, but he goes a bit overboard about dismissing the standard narratives." https://www.lesswrong.com/posts/v9i9XjK266PntDWTp/book-review-shut-out https://www.lesswrong.com/posts/v9i9XjK266PntDWTp/book-revie... These are interesting opinions, but far from absolute compelling evidence of what your original comment stated
  - eru 3y ago
    The book review looks fairly solid. Btw, keep in mind that eg Australia had similarly inflated housing in the run-up to 2008, but their 'bubble' never burst. Mostly because their central bank did not engineer a slump, nor did they tighten access to credit like the Americans did. Similar, Israel also did not partake in the Great Recession. Btw, you can follow some links from the review you mention to find another in-depth review in the ACX Book review contest: https://docs.google.com/document/d/1M1m8o1HInGYJR3cEMYZ6TQgNmeBOWo98YC6djNnFWf0/ https://docs.google.com/document/d/1M1m8o1HInGYJR3cEMYZ6TQgN...

eru 3y ago

> It might be right, but it's far from damning evidence that the housing bubbles are myths. Kevin Erdmann's book 'Shut out' https://www.mercatus.org/research/books/shut-out https://www.mercatus.org/research/books/shut-out has a lot more evidence piled up. https://kevinerdmann.substack.com/p/interest-rates-arent-the-problem https://kevinerdmann.substack.com/p/interest-rates-arent-the... has some interesting recent observations about the topic of housing, finance and interest rates.

iancmceachern 3y ago
Here is a book review on that first book. I wanted to dig deeper because the Amazon page only has a handful of reviews, including one stating the book had no index and was not proofread. "Many factors influenced the Great Recession. Erdmann's ideas provide a valuable new perspective, but he goes a bit overboard about dismissing the standard narratives." https://www.lesswrong.com/posts/v9i9XjK266PntDWTp/book-review-shut-out https://www.lesswrong.com/posts/v9i9XjK266PntDWTp/book-revie... These are interesting opinions, but far from absolute compelling evidence of what your original comment stated
- eru 3y ago
  The book review looks fairly solid. Btw, keep in mind that eg Australia had similarly inflated housing in the run-up to 2008, but their 'bubble' never burst. Mostly because their central bank did not engineer a slump, nor did they tighten access to credit like the Americans did. Similar, Israel also did not partake in the Great Recession. Btw, you can follow some links from the review you mention to find another in-depth review in the ACX Book review contest: https://docs.google.com/document/d/1M1m8o1HInGYJR3cEMYZ6TQgNmeBOWo98YC6djNnFWf0/ https://docs.google.com/document/d/1M1m8o1HInGYJR3cEMYZ6TQgN...