Wednesday, September 5, 2007
research! Where would we be without it!
Study explores real factors behind declining housing prices
This research, published by the Federal Reserve Bank of Cleveland and co-authored by University of Wisconsin-Madison business faculty, finally pinpoints the cause of the housing problem. Apparently "relaxed credit constraints could explain why house price apreciation has outpaced incomes" and "the availability of subprime variable-rate martgage programs will sharply curtail.This will reduce the demand for starter homes, causing their prices to fall..." Wow! You learn something new every day!
Posted by su @ 06:06 AM (664 views)
6 thoughts on “research! Where would we be without it!”
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Bloo Loo says:
another £1 millyon dollars waisted on the blindingly obvious
Ct says:
Relaxed credit constraints are definitely a major reason for house price appreciation. This is pretty obvious.
More research has to be done about the reasons for the past development of credit constraints. The site
http://www.marketobservation.com
contains some interesting articles and papers about the subject.
dohousescrashinthewoods says:
Sherlock, there is no poo today.
crash bandicoot says:
You mean that lack of availability, immigration, divorce and building land aren’t the root cause? Well who’d have thought it!
cyril says:
I suggest they next study the link between catholicism and the Pope
su says:
I suggest they next study the link between catholicism and the Pope
You really don’t want to go there! It’s a lot more complicated than you may think!
(see catholicism in wiki, just for starters!) 😉