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 is troubling me.

Ongoing notes in that theme here.

Incoming

You cannot take it with you, turns out

Incentive fairy dusting everything with choking clouds of money

References

Aydinonat, N. Emrah. 2008. The Invisible Hand in Economics: How Economists Explain Unintended Social Consequences. Routledge.
Bayer, Patrick, Kyle Mangum, and James W. Roberts. 2021. Speculative Fever: Investor Contagion in the Housing Bubble.” American Economic Review 111 (2): 609–51.
Charpentier, Arthur, Laurence Barry, and Molly R. James. 2021. Insurance Against Natural Catastrophes: Balancing Actuarial Fairness and Social Solidarity.” The Geneva Papers on Risk and Insurance - Issues and Practice, May.
Colgan, Jeff, Jessica F. Green, and Thomas Hale. 2020. Asset Revaluation and the Existential Politics of Climate Change.” SSRN Scholarly Paper ID 3634572. Rochester, NY: Social Science Research Network.
Gurran, Nicole, Peter Phibbs, Judith Yates, Catherine Gilbert, Christine Whitehead, Michelle Norris, Kirk McClure, et al. 2015. Housing Markets, Economic Productivity, and Risk: International Evidence and Policy Implications for Australia - Volume 2: Supplementary Papers.” AHURI Final Report, no. 255 (December).
Hudson, Paul, WJ Wouter Botzen, Jeffrey Czajkowski, and Heidi Kreibich. 2014. “Risk Selection and Moral Hazard in Natural Disaster Insurance Markets: Empirical Evidence from Germany and the United States.”
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.
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.

No comments yet. Why not leave one?

GitHub-flavored Markdown & a sane subset of HTML is supported.