Shut Out provides a much-needed correction to the causes and consequences of financial crises and secular stagnation. The United States suffers from a shortage of well-placed homes. This was true even at the peak of the housing boom in 2005. Using a broad array of evidence on h…
Erdmann uses a broad array of evidence on housing inflation, income, migration, homeownership trends, and international comparisons to demonstrate that high home prices have been largely caused by the constrained housing supply in a handful of magnet cities leading the new econo…
The world has still to emerge fully from the housing-triggered Global Financial Crisis, but housing crises are not new. The history of housing shows long-run social progress, littered with major disasters; nevertheless the progress is often forgotten, whilst the difficulties hit…
Why are house prices in many advanced economies rising faster than incomes? Why isn't land and location taught or seen as important in modern economics? What is the relationship between the financial system and land?In this accessible but provocative guide to the economics of la…
