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Real estate

Housing inventory graph

Friday, December 28th, 2007

The demand for homes is fairly fixed. It is simply the number of households which is based on demographics. In the US, the number of households slowly increases because of immigration and more people getting married and having kids than people dying and not needing a house any more. That is why the statistics about […]

The story of downpayment assistance programs (DAP)

Thursday, October 4th, 2007

Here’s the scheme: You live in random Midwestern industrial city. The housing market is terrible. Finally, you find someone who wants to buy your house but they have no money. Zippo. If they could come up with 5%, they could qualify for a loan and buy the house. Hey – why don’t you agree on […]

Real estate: Time for a housing diet

Sunday, September 23rd, 2007

Note: LONG. Note 2: I know there are problems with the images. Until recently, the US has been quite good about self-regulating its demand for new housing units. The number of houses and apartments that we need corresponds to the number of households in the US, a number that changes as the number of people […]

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