What is Reddit's opinion of
Shut Out: How a Housing Shortage Caused the Great Recession and Crippled Our Economy (Mercatus Center at George Mason University)?
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By popularity on Reddit, this product is:
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2 reviews of this product found across Reddit:
1 point
·
7th Mar 2022
/u/HOU_Civil_Econ
And anyone else, I guess.
Any opinion on Kevin Erdmann's thesis here? I'm trying to find a good explanation of his contention that isn't just the book, but essentially he argues that the jump in the house prices in the early-mid 2000's was driven more by 'real' factors (namely, building restrictions in a few cities with rising incomes + large scale in-migration from those cities into nearby cities with fewer restrictions) than by credit expansion derived demand.
The book is well argued but a little expert perspective would be nice.
1 point
·
12th Mar 2022
The pre-2008 run-up was also due to lack of supply, just in specific areas.
The foreclosures and serious recession after 2008 were a monetary policy problem, though.
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