Super-quickie from me today – officially I’m in transit, but while my visiting my MIL and miraculously having time to read the entire New York Times before breakfast (admittedly the skinny Wednesday edition, but hey, I’ll take it), I wanted to draw your attention to this article by David Leonhardt about how to think about housing.
Read the whole article – it is a good, basic overview of how economists generally view housing. What I’d like to write about it, but don’t have time for right now (we hit the road shortly) is the way in which I think both of these viewpoints are inadequate to the realities of both our present housing situation and our future one. I think that the problem with these two choices is that neither one really explains how housing is likely to work in the longer term. But that’s a longer discussion than I can manage on Erev Rosh Hashanah.
I do plan to do a piece discussing this when I get back, but in the meantime, think of this as homework ;-). Have a great week, and L’Shana Tova!