After my somewhat bearish post earlier today on housing, I figured that the economist in me should come out. So I quote Chris Mayer, who captures a sentiment that I share very well:
“The consensus is that higher rates are bad for real estate. They raise borrowing costs, for sure, and the idea is this will push prices lower. And it may happen that way. On the other hand, higher rates deter new construction and raise the replacement costs of real estate assets. Growing rents can also blunt the effect of higher rates. So it's not a given that higher rates equal lower real estate prices long term.”
Broken Money
The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...
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In light of my previous post, here's what I'm thinking: buy some GLD $180 calls that expire 3/16/13. Right now, you can get them fo...
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The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...
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When it comes to understanding what's going on in the world -- and, by that, I mean the real facts and actual implications, rather than ...