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Housing Hell

Mike Fellman

The housing market is hell. Let's figure out why. Posts mostly on real estate economics with other posts on general economic topics.

Platform
Substack
PricingOnly free issuesPublishesTwice weekly
Issues64Founded4 years agoLast Issue17 days ago
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Latest Issues

AirBnB Raises Home Prices and Rents

AirBnB is a popular scapegoat for the large increase in home prices and rents since 2019, and in this case, the wisdom of crowds is correct. Conversion of the housing stock to short-term rentals both increases rents and prices through a ver...

17 days ago
15

Canada's Multifamily Boom and the Power of Housing Finance

Like the United States, Canada saw a experienced a big boom in multifamily construction from 2020 to 2022. Unlike its neighbor to the south however, Canada has sustained its high level of construction into 2023 and beyond, even as the Bank...

a month ago
3

The Paradox of Private Equity

Private Equity is a popular boogeyman in the current political climate. Attacks on private equity have come from both the left, and surprising, from figures on the “populist right” such as Senator Josh Hawley of Missouri. Central to the ide...

a month ago
4

Some Brief Economics of Single Family Rentals and Build-to-Rent Housing

With the passage of the ROAD Act in the US Senate, significant controversy has been generated regarding the a specific provision affecting so-called build-to-rent single family homes. This brief article seeks to be a timely explanation of t...

2 months ago
3

Fixing Housing Means Fixing Finance

My report with JW Mason and Groundwork Collaborative has finally been release. You can read it here. We discuss the how the high cost of capital helps explain high housing costs and propose several solutions to address it. Thanks to all my...

2 months ago
7

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  • Mike Fellman

    Economist, formerly: Freddie Mac + IMF, Real Estate Expert, Polyglot, Chess Master

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