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April 3, 2009

Renting vs. Buying & Selling

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...
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"Greenspan Did It"

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....
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