Richard K. Green
Richard K. Green's Latest Articles | 90
If it is All About Age, What Should the Homeownership Rate Be?
Last week’s report of a continuing drop in the homeownership rate to its 1997 rate of 65.4 percent made me decide to revisit a question I looked at in a... Read »
Has the Variable Rate Mortgage Saved the European Mortgage Market?
Just as in the United States, many European countries have had large run-ups and crashes in house prices. Consider the data from the European Central Bank below:... Read »
How Apartment Rents and Vacancies can Rise (or Fall) Simultaneously
We at the Lusk Center put out the Casden Forecast for apartment economics in Southern California every spring. When we put out our San Diego numbers last week, we... Read »
Why Owning a House May Not Be the American Dream
Lots of societies outside of America seem to have a preference for home-ownership. I have spoken to policy makers and scholars in several countries–India,... Read »
Banks Seem to be Lending
The Flow of Funds data for the fourth quarter of 2011 is out. Total net lending by commercial banks and savings institutions has been solid for two quarters in... Read »
Good News and Bad News on Race and Housing
Ed Glaeser and Jake Vigdor find that all-white neighborhoods are a thing of the past. They find: The most standard segregation measure shows that american cities... Read »
Why Fannie and Freddie will Likely Last
I was talking with SF Chronicle columnist Kathleen Pender yesterday, and she shared a trenchant observation: now that Congress has figured out a way to use the... Read »
Why to Worry about Chinese House Prices
Getting good data from China is problematic, but it is pretty clear house prices there are falling (see here, here and here). At first blush, this shouldn’t... Read »
Who Would Pay a 73 Percent Income Tax? Not Necessarily the Rich
A paper which is receiving considerable attention (see here, here and here) is Diamond and Saez’s Journal of Economic Perspectives piece on optimal marginal... Read »
Housing: Is it Gloom, or is it Underwriting?
More depressing house price numbers from Core logic this morning, with prices falling 1.3 percent month-over month. The National Association of Realtors says buyer... Read »







