Another interesting post by Brad de Long: today he reprints part of a 1986 New Republic article about libertarian thinker Robert Nozick’s resort to rent control laws. It’s an amusing anecdote (though I don’t think it should be used as ad hominem attack on the libertarian position on rent control), but what struck me […]
I know many have been too occupied with international events to pay much attention to local news - and the Globe’s Metro section does seem thin lately - but an excellent article on Massachusetts housing problem in Commonwealth magazine (free registration required) is worth the read. Not only does it trace the issue through the […]
More on the housing bubble. After my inept posting a couple days ago on the housing bubble in Boston and nationally, the Economist comes to the rescue with its take on the likelihood of a bubble collapse in housing. As usual they hedge their bets on the matter but in sum seem to come down […]
Alan Greenspan, seemingly in response to an IMF warning on a possible UK housing bubble, arrerts that the U.S. is not facing a similar bubble. As CBS MarketWatch quotes his speech, “It is, of course, possible for home prices to fall as they did in a couple of quarters in 1990 [the last time the […]
I see that Mayor Menino had a letter to the editor in last week’s Economist on the issue of housing shortage (sorry, no link - I’m too cheap to subscribe and likely any readers here are too). It’s fascinating to see him turn policy wonk. I do have to admire his desire to forge some […]