Real Estate Article

Monday, February 25, 2013

Why is the luxury housing market recovering so well?

The fashionable thing to say is because of foreign money.  I suspect the actual reason is that the one percent have gotten 122 percent of the recovery (h/t/ Tim Noah).

The demand curve for housing among the rich has shifted out.
Posted by mailbin mail at 3:16 PM
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

Blog Archive

  • ▼  2013 (43)
    • ►  October (4)
    • ►  August (1)
    • ►  July (5)
    • ►  June (5)
    • ►  May (2)
    • ►  April (1)
    • ►  March (3)
    • ▼  February (7)
      • Good for Greg Mankiw...
      • Why is the luxury housing market recovering so well?
      • The future of efficient transportation
      • Where's the monopsony?
      • Should college be subsidized?
      • Will smart phones be the end of built in automobil...
      • Bankers and tail events
    • ►  January (15)
  • ►  2012 (160)
    • ►  December (8)
    • ►  November (13)
    • ►  October (7)
    • ►  September (12)
    • ►  August (14)
    • ►  July (20)
    • ►  June (17)
    • ►  May (11)
    • ►  April (10)
    • ►  March (17)
    • ►  February (16)
    • ►  January (15)
  • ►  2011 (98)
    • ►  December (16)
    • ►  November (20)
    • ►  October (13)
    • ►  September (17)
    • ►  August (21)
    • ►  July (11)

About Me

mailbin mail
View my complete profile
Simple theme. Powered by Blogger.