Housing Hell
Mike FellmanThe housing market is hell. Let's figure out why. Posts mostly on real estate economics with other posts on general economic topics.
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 71 | Founded | 5 years ago | Last Issue | 12 days ago |
| Active | |||||
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precon.substack.comLatest Issues
A Quick Note on Traffic Congestion
Building more lanes of highway does not reduce congestion. This is a counter-intuitive outcome that is in the end result of increased driving in response to more road space. This result is not however a case against roads per se. Increased...
The Marginable Capital Theory of Asset Prices
Given its failures to explain the macro economy in recent years, specifically why QE did so little to spur bank lending in the wake of the GFC, many are looking to alternative models to the classic “loanable funds” story taught for nearly 8...
Response to Critics
AEI has issued a response to a recent Groundwork Collaborative paper Fixing Housing Means Fixing Finance: Why We Can’t Deregulate Our Way to Affordability, by J.W. Mason and me, as well as a paper by Paul Williams of the Center for Public E...
New York City's Insane Property Taxes
Property taxes are one of the largest operating expenses for multifamily rental properties. When municipalities impose excessive property taxes, they adversely affect development to a degree that is counterintuitive. This occurs because pro...
Fixed-Rate Mortgages Are Rent Control for Homeoweners
Mayor Zohran Mamdani has fulfilled his central campaign promise of freezing the rent for tenants in the nearly 1 million units under the city’s rent stabilization ordinance. This has drawn the ire of many policy wonks in the housing space r...
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Authors
The writers behind this newsletter.
Economist, formerly: Freddie Mac + IMF, Real Estate Expert, Polyglot, Chess Master
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