Interesting paper by an MIT professor and RE Consultant.
Posted: Wed Jun 06, 2007 7:59 pmThey 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
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