Realtors & the Rental Market If you are a prospective home seller who is convinced that prices are temporarily depressed, what do you do? Contemplate renting. If you are a prospective home buyer who is convinced that prices have further to fall, what do you do? Contemplate renting. For the above-mentioned reasons, Realtors — myself...Read More
Adjustable Rate Mortgages the Missing Link What about Greenspan’s argument that he only controlled short-term rates? And that short rates became decoupled from long-term rates in 2002? Nonsense, says [Stanford Professor John] Taylor. Surely the existence of adjustable-rate mortgages (accounting for about one-third of mortgages starting in 2003) linked the mortgage market and short-term rates....Read More
