Real estate economics

Rentiers and the future



After much investigating housing markets in Australia, I wrote a post the property market is pollution to summarise my feeling about the real estate trap, and then even more stuff on housing.

I have now convinced myself that just when the world needs dynamism and innovation we are instead spending our time trying to extract rents from the landless. The resemblance of this system to feudalism may be troubling.

Ongoing notes in the theme of real estate over-investment (a.k.a. Boomer bitcoin) considered harmful.

Incoming

You cannot take it with you, turns out

Incentive fairy dusting everything with choking clouds of money

References

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Jacobs, Jane. 1992. The Death and Life of Great American Cities. Reissue edition. New York: Vintage.
———. 2005. Dark Age Ahead. Illustrated edition. New York: Vintage.
Leishman, Chris, Steven Bond-Smith, Weidong Liang, Jinqiao Long, Duncan Maclennan, and Steven Rowley. 2021. Relationships Between Metropolitan, Satellite and Regional City Size, Spatial Context and Economic Productivity.” AHURI Final Report, no. 357 (June).
Maclennan, Duncan, Jinqiao Long, Hal Pawson, Bill Randolph, Fatemeh Aminpour, and Chris Leishman. 2021. “Housing: Taming the Elephant in the Economy,” 44.
Mielke, Jahel, and Gesine A. Steudle. 2018. Green Investment and Coordination Failure: An Investors’ Perspective.” Ecological Economics 150 (August): 88–95.
Murray, Cameron, and Paul Frijters. 2017. Game Of Mates: How favours bleed the nation. Publicious Pty Ltd.
Pawson, Hal, Vivienne Milligan, and Judith Yates. 2020. Housing Policy in Australia: A Case for System Reform. Singapore: Springer Singapore.
Rundle, Guy. 2017. How to Fix the Housing Affordability Crisis.” Crikey, March 21, 2017.
Sheppard, Dr Jill, and Professor Matthew Gray. 2017. Attitudes to Housing Affordability: Pressures, Problems and Solutions,” 34.
Silver, Daniel, Ultan Byrne, and Patrick Adler. 2021. Venues and Segregation: A Revised Schelling Model.” PLOS ONE 16 (1): e0242611.
Studwell, Joe. 2014. How Asia Works: Success and Failure in the World’s Most Dynamic Region. Grove Press.
Yglesias, Matthew. 2012. The Rent Is Too Damn High: What To Do About It, And Why It Matters More Than You Think. Simon & Schuster.

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