Category: Real Estate, Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Endogenous Sources of Volatility in Housing Markets: The JointBuyer-Seller Problem”

  1. Alex says:

    It’s an interesting paper and I’m glad the research was done, but it’s hardly surprising. It’s a little like saying most of the activity and price movement on the stock exchanges comes not from IPOs but from people buying one stock and selling another.

    From a policy perspective, it points out that you absolutely, positively do not want to get into a situation where people are upside down and have a very hard time selling, because liquidity will dry up, but again, most people probably sort of knew that. What it comes down to is interested parties, claiming to be experts, saying that looser policies will not lead to a bubble and lots of sour loans, when in fact they will. It all comes down to the foxes guarding the henhouse – in this, climate change, whatever. Academic studies seem to do not good at all.

    Thanks for posting it. I did enjoy it.