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Two things probably promote homeownership in the South. The first is the relative cheapness of houses. People from California can sell their houses, move to Atlanta, pay cash for a house, and have a...
View Articlechicken or the egg
one could relatively easily construct an argument that would propose that home ownership derives FROM a stable local economy which would likely begin with high wage employment and longer-term...
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The authors say "The lags from ownership levels to unemployment levels are long. They can take up to five years to be evident." Since 1945 the average length of an expansion period was 58 months...
View ArticleTruth in Labeling: If you've got a mortgage you're not the owner
Figure 1 and Figure 2 in the referenced article are both deeply unpersuasive. To the extent that there is any correlation at all, one should probably consider a common external cause. For instance,...
View ArticleOnly one country?
I would bet without even seeing the data, that homeownership rates will tend to rise during any period of a strong economy, which of course, is always followed by recession. And, of course, we just had...
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[b]PeonInChief[/b] wrote, [quote]The first is the relative cheapness of houses.[/quote] Not exactly. It's the [i]land[/i] underneath the house which is cheaper. I live in a near half-mill house in a...
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[b]Wisdom Seeker[/b] wrote, [quote]Finally, as a lot of folks learned the hard way in 2008-2010, if you've got a mortgage and you don't have a guaranteed means of servicing it, you're not really the...
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[b]NWSteve[/b] wrote, [quote]one could relatively easily construct an argument that would propose that home ownership derives FROM a stable local economy which would likely begin with high wage...
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Dean, What do you say about actual reforms to fix this? Wide-spread public investment in property to develop public housing for rental? You mention the mortgage deduction as an unnecessary de facto...
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Homeownership may be a proxy for "suburban sprawl", which -- intuitively -- seems more likely to cause higher unemployment than ownership itself. Sprawling suburbs reduce the density necessary for high...
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