American housing finance history according to HUD: Part 1
“You gotta be careful if you don’t know where you’re going, otherwise you might not get there”
[...]
Month: January, 2007
They’ve sold Paradise –
… and will put up what?
What happens when you lose your lease on Paradise?
That’s the question now at hand as, in fulfillment of one of the easiest predictions I’ve ever made, the residents of Briny Breezes voted overwhelmingly, 82% in favor, to sell their property and their town to developer Ocean Land Investments:
At least [...]
The home pricing equilibrium
You’ll save a lot of time interpreting typical news stories if you’re aware of the pricing equilibrium.
Looks risky but actually in balance
Pricing equilibrium
In a normal home ownership market, household monthly payments are in equilibrium.
The reasons are straightforward.
Don’t be confused by the possibilities
Generally speaking, people buy as much house as they can afford. What they [...]
Testing the fundamental policy value equation.
[Continued from yesterday's GSEs’ fundamental policy value equation.]
Yesterday we established the GSEs’ fundamental policy value equation, and gave some exposition as to the factors that comprise each element:
The GSEs’ fundamental policy value equation
Is A > C + R?
Does additional Affordability exceed government Cost plus systemic Risk?
Okay, says the patient reader, now I understand the [...]
The GSEs’ fundamental policy equation
Even as the debate continues regarding how best to regulate the GSEs, an even more fundamental GSE policy question has received far too little affirmative discussion:
Should the GSEs continue to receive the Federal benefits they do?
The question’s worth asking.
Not, mind you, in a prejudicial or partisan way, but with structure and logic.
Logically, if it [...]
