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The more salient part is the broken clock. CalculatedRisk changed his opinion as the facts changed (he is data-driven, and one of the best blogs out there). P
by muzz 13y ago
The more salient part is the broken clock.
CalculatedRisk changed his opinion as the facts changed (he is data-driven, and one of the best blogs out there).
Patrick.net has essentially been a perma-bear on real estate. While that view was correct at one point in time, he never changed his view significantly when the facts completely changed.
- jpmattia 13y ago> CalculatedRisk changed his opinion as the facts changed (he is data-driven, and one of the best blogs out there). I should have emphasized this point myself. Also, the CR comment board used to be of HN quality, but for economics and housing. (Lately, not so much.) If you follow one econ blog, I'd heartily recommend CR: http://www.calculatedriskblog.com/ http://www.calculatedriskblog.com/ I will note though for the topic at hand: CR has commented that there is little correlation between interest rates and house prices[1]. I believe he has neglected that most of the data from which that statement is derived had interest rates (and borrowing standards) out of range compared to where we are now. [1] http://www.calculatedriskblog.com/2013/06/house-prices-and-mortgage-rates.html http://www.calculatedriskblog.com/2013/06/house-prices-and-m...