Unbiased Analysis of Today's Healthcare Issues
From Coby Lefkowitz in Building Optimism: In Los Angeles, “luxury” units in non-high-rises can be delivered for around $300,000 to $400,000 per unit. Non-“luxury” market rate units can be completed for half of that, conditional on their size and location. Capital “A” Affordable units, on the other hand, can cost more than $850,000 for what…
Should the Treasury bail out Fannie and Freddie? A recent Economist article gives a level-headed solution: nationalize and then dismantle them. Most libertarians would say that Fannie and Freddie should fail. Having these two giant players collapse, however, add dynamite to an already explosive mortgage finance market. Thus, the short term solution must be to…
EconBrowser discusses a paper by Claessens, Kose and Terrones, entitled “What Happens During Recessions, Crunches and Busts?” The authors look at what happens historically to important macroeconomic variables when there is either a recessions, a credit contraction, an episode of house price declines, and/or an episode of equity price declines. The authors find the following:…