Rethinking Housing Bubbles PDF Download
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| Author | : Steven D. Gjerstad |
| Publisher | : Cambridge University Press |
| Total Pages | : 309 |
| Release | : 2014-05-12 |
| Genre | : Business & Economics |
| ISBN | : 113995203X |
Download Rethinking Housing Bubbles Book in PDF, ePub and Kindle
In this highly original piece of work, Steven D. Gjerstad and Nobel Laureate Vernon L. Smith analyze the role of housing and its associated mortgage financing as a key element of economic cycles. The authors combine data from both laboratory and real markets to provide insight into the bubble propensity of real-world economic actors and use novel historical analysis on the Great Recession, the Great Depression, and all of the post-World War II recessions to establish the critical roles of housing, private-capital investment, and household and private institutional balance sheets in economic cycles. They develop a model that incorporates household balance sheets and bank balance sheets and offers insights based on this analysis concerning policy going forward, effectively changing the way economists think about economic cycles.
| Author | : Steven D. Gjerstad |
| Publisher | : Cambridge University Press |
| Total Pages | : 309 |
| Release | : 2014-05-12 |
| Genre | : Business & Economics |
| ISBN | : 0521198097 |
Download Rethinking Housing Bubbles Book in PDF, ePub and Kindle
Steven D. Gjerstad and Nobel Laureate Vernon L. Smith demonstrate the critical role that household and bank balance sheets play in economic cycles.
| Author | : Jonathan Goldstein |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2017 |
| Genre | : |
| ISBN | : |
Download Rethinking Housing with Agent-Based Models Book in PDF, ePub and Kindle
| Author | : Josh Ryan-Collins |
| Publisher | : Zed Books Ltd. |
| Total Pages | : 306 |
| Release | : 2017-02-28 |
| Genre | : Business & Economics |
| ISBN | : 1786991217 |
Download Rethinking the Economics of Land and Housing Book in PDF, ePub and Kindle
Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.
| Author | : Lawrence Roberts |
| Publisher | : Monterey Cypress LLC |
| Total Pages | : 251 |
| Release | : 2008 |
| Genre | : Art |
| ISBN | : 0615226930 |
Download The Great Housing Bubble Book in PDF, ePub and Kindle
A detailed analysis of the psychological and mechanical causes of the biggest rally, and subsequent fall, of housing prices ever recorded. Examines the causes of the breathtaking rise in prices and the catastrophic fall that ensued to answer the question on every homeowner's mind: "Why did house prices fall?"--Page 4 of cover
| Author | : Sergi Basco |
| Publisher | : Springer |
| Total Pages | : 98 |
| Release | : 2018-10-01 |
| Genre | : Business & Economics |
| ISBN | : 3030005879 |
Download Housing Bubbles Book in PDF, ePub and Kindle
“This book provides an accessible, yet formal framework to understand how housing bubbles arise, their international dimension, their consequences, and ways to prevent them.” Òscar Jordà, University of California, Davis, USA “Basco’s analysis blends, in a very rigorous but enjoyable manner , state-of-the-art theory and historical examples, adding also a very timely and valuable set of policy orientations.” Óscar Arce, Director General, Banco de España, Madrid, Spain Booms and busts of house prices are a recurrent feature throughout history. This book provides a comprehensive overview of the origins and economic consequences of these housing bubbles. The book starts with a formal definition of asset price bubbles and a summary of the most famous episodes, before describing how economists have thought about asset price bubbles; specifically behavioral vs. rational interpretations. These theories are applied to the special case of housing and the same framework is used to explain the implications of financial globalization for capital flows and housing bubbles. After analyzing its origins, the economic consequences of housing bubbles for both households and firms are derived and documented. The final sections are devoted to discussing the effects of financial crises and explain how financial regulation could mitigate the emergence of future housing bubbles. Case studies of the recent housing bubbles in the United States and Spain are also featured in the book. This book will be of value to advanced undergraduate macroeconomic courses, as well as researchers in international economics and macroeconomics and policy makers.
| Author | : Thomas Sowell |
| Publisher | : Basic Books |
| Total Pages | : 258 |
| Release | : 2010-02-23 |
| Genre | : Business & Economics |
| ISBN | : 0786747552 |
Download The Housing Boom and Bust Book in PDF, ePub and Kindle
This is a plain-English explanation of how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and the even more "creative" marketing of financial securities based on American mortgages to countries around the world, are part of the story of how a financial house of cards was built up -- and then suddenly collapsed. The politics behind all this is another story full of strange twists. No punches are pulled when discussing politicians of either party, the financial dangers they created, or the distractions they created later to escape their own responsibility for what happened when the financial house of cards in the financial markets collapsed. What to do, now that we are in the midst of an economic disaster, is yet another story -- one whose ending we do not yet know, but one whose outlines and implications are explored to reveal some surprising and sobering lessons.
| Author | : John R. Talbott |
| Publisher | : St. Martin's Griffin |
| Total Pages | : 208 |
| Release | : 2007-04-01 |
| Genre | : Business & Economics |
| ISBN | : 1429909404 |
Download Sell Now! Book in PDF, ePub and Kindle
How Far Can Home Prices Fall? What Can You Do to Protect Yourself? Home prices are seriously overvalued in many regions of the United States. The question is no longer if, but rather how far, home prices will fall and over what time frame this bubble will deflate. Home values have been escalating in real terms since 1981, the year nominal interest rates last peaked. And the greatest price increases in percentage terms have been in the wealthiest and most exclusive cities in the world. Sell Now! analyses the evidence and offers clear explanations of these perplexing issues. Overly aggressive mortgage lenders have fueled this overheated market by extending too much credit to home buyers and by offering ever-more exotic forms of mortgages. Many home buyers have been caught in a never-ending race to achieve status, often overpaying for homes in the "right" neighborhoods. And people's pursuit of easy profits has pushed prices to unsustainable levels. Finally, there is a reasoned analysis that not only explains how home prices got this high, but why they are sure to fall and by what amount. Sell Now! debunks many theories that purport to show that home prices are either reasonable or are sustainable at their current high levels. How bad can it get? Unlike previous home-price declines, this cycle has the potential to be not only national, but international in scope. The national economy, so dependent on the housing, mortgage, real estate, banking, and construction industries for growth, is at risk and the entire banking system might come under fire. You owe it to yourself to become better informed about the possible impact on you, your family and your most important asset---your home.
| Author | : Shamubeel Eaqub |
| Publisher | : Bridget Williams Books |
| Total Pages | : 101 |
| Release | : 2015-06-04 |
| Genre | : Political Science |
| ISBN | : 090832104X |
Download Generation Rent Book in PDF, ePub and Kindle
The decline of home ownership has struck at the heart of the Kiwi dream – so perhaps it is time to fashion a new one. House prices may boom or bust but the long-term trend is clear: for more New Zealanders than ever, home ownership is out of reach. Incomes simply have not kept pace with skyrocketing property prices. Generation Rent calls into question priorities at the heart of New Zealand’s identity. In this BWB Text, Shamubeel and Selena Eaqub investigate how we ended up here, and what can be done to ensure all New Zealanders – home owners and renters alike – live in affordable and secure housing.
| Author | : Josh Ryan-Collins |
| Publisher | : John Wiley & Sons |
| Total Pages | : 140 |
| Release | : 2018-11-26 |
| Genre | : Political Science |
| ISBN | : 1509523294 |
Download Why Can't You Afford a Home? Book in PDF, ePub and Kindle
Throughout the Western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream. Leading economist Josh Ryan-Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. The interaction of private home ownership and a lightly regulated commercial banking system leads to a feedback cycle. Unlimited credit and money flows into an inherently finite supply of property, which causes rising house prices, declining home ownership, rising inequality and debt, stagnant growth and financial instability. Radical reforms are needed to break the cycle. This engaging and topical book will be essential reading for anyone who wants to understand why they can’t find an affordable home, and what we can do about it.
