The Menace of an Unchecked Housing Bubble
AbstractAn unprecedented run-up in the stock market propelled the U.S. economy in the late nineties and now an unprecedented run-up in house prices is propelling the current recovery. According to Dean Baker, like the stock bubble, the housing bubble will burst. Eventually, it must. When it does, the economy will be thrown into a severe recession, and tens of millions of homeowners, who never imagined that house prices could fall, likely will face serious hardships.
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Bibliographic InfoArticle provided by De Gruyter in its journal The Economists' Voice.
Volume (Year): 3 (2006)
Issue (Month): 4 (March)
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Web page: http://www.degruyter.com
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- Joseph Gyourko & Eduardo Morales & Charles Nathanson & Edward Glaeser, 2011.
2011 Meeting Papers
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- Kate Sabatini & Christian E. Weller, 2007. "Changes in Homeowners’ Financial Security during the Recent Housing and Mortgage Boom," Working Papers wp125, Political Economy Research Institute, University of Massachusetts at Amherst.
- Roland Füss & Felix Schindler, 2011. "Diversifikationsvorteile verbriefter Immobilienanlagen in einem Mixed‐Asset‐Portfolio," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 12(2), pages 170-191, 05.
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