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- Housing prices: We’re in for it as it is!
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I have been working for several weeks on a model for what the fundamentally correct price for homes. I’ll tell you right off the bat that I’m not happy at all with the results.First let’s think about what factors would influence the demand curve for homes. Thinking back to micro 101, demand is a 4-part function. Price of the good. Price of other (related) goods. Here I think we’re talking mostly about rental housing and the price of financing….
Original Source
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18 December, 2007| Economy |
@ 17:32
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