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Seattle Bubble Forum Archive • View topic - Interesting paper by an MIT professor and RE Consultant.

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Interesting paper by an MIT professor and RE Consultant.

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

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Interesting paper by an MIT professor and RE Consultant.

Postby deejayoh » Wed Jun 06, 2007 7:59 pm

They did a bunch of modelling from 1975 to the present to see if they could explain the current housing price environment.

In their view, the two drivers that explain it are 1) subprime lending adding buyers to the pool, driving up % of ownership and 2) 2nd homes purchased as investments

Good read
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