Category: Prices

What bubble? Part 3, the bubble popping

21 May, 2010 (13:02) | Bubbles, China, Cities, Finance, Global news, Housing, Prices, Speculation, US News |

[Continued from yesterday’s Part 2 and the preceding Part 1.)    By: David A. Smith    Finishing what has turned into a three-part post on China’s housing boom, using a piece from the Wall Street Journal, one from China hush (black Calibri; comments in red calibri) and a third in China Daily (green calibri), we’ve had […]

What bubble? Part 2, the tipping points

20 May, 2010 (09:37) | China, Cities, Finance, Global news, Housing, Prices, Speculation, US News |

Continued from yesterday’s Part 1.]   By: David A. Smith    Continuing yesterday’s post exploring China’s boom in housing prices and whether it’s the dreaded bubble, we used as core text a Wall Street Journal article, supplemented by a piece in China hush (black Calibri; comments in red calibri) and another one in China Daily […]

What bubble? Part 1, the case for No

19 May, 2010 (10:03) | Bubbles, China, Cities, Finance, Global news, Housing, Prices, Speculation, US News |

By: David A. Smith    Previously I posted about China’s contemplation of a US-style residential property tax, quite possibly targeted initially at investor-owned or second/ third homes, as a means both of discouraging land hoarding and of letting some of the steam out of the hypothesized bubble in Chinese housing prices.  As the Wall Street […]

The credit conundrum

5 February, 2007 (09:49) | Credit, Homeownership, Interest Rates, Prices |

If we want to expand the national homeownership percentage, how do we do it?    Can we afford a home?   It’s harder than it looks, for two reasons: the pricing equilibrium and the credit conundrum.   Because of the pricing equilibrium, cuts in national interest rates translate immediately into higher home prices.  People pay […]

Barbarians: selling the sale?

2 February, 2007 (09:15) | Blackstone, Equity, Markets, Prices |

Bargaining, in the Arabian-bazaar sense of the term, is not negotiation; rather, it is the process of vendor and consumer each trying to sell the other a story that anchors expectations, particularly emotional expectations, into a range the proponent has decided is feasible.   Got that?   That’s the game that both Blackstone and Vornado […]