[EconProf]

This is a really well-documented argument for a much longer and deeper house price decline than many are calling for. Show it to non-believers who think we are anywhere near a bottom.
An important point is that CA will suffer more than perhaps any other state, for demographic reasons he lays out clearly.

[EconProf]

This is a really well-documented argument for a much longer and deeper house price decline than many are calling for. Show it to non-believers who think we are anywhere near a bottom.
An important point is that CA will suffer more than perhaps any other state, for demographic reasons he lays out clearly.

[EconProf]

This is a really well-documented argument for a much longer and deeper house price decline than many are calling for. Show it to non-believers who think we are anywhere near a bottom.
An important point is that CA will suffer more than perhaps any other state, for demographic reasons he lays out clearly.

[EconProf]

This is a really well-documented argument for a much longer and deeper house price decline than many are calling for. Show it to non-believers who think we are anywhere near a bottom.
An important point is that CA will suffer more than perhaps any other state, for demographic reasons he lays out clearly.

[EconProf]

This is a really well-documented argument for a much longer and deeper house price decline than many are calling for. Show it to non-believers who think we are anywhere near a bottom.
An important point is that CA will suffer more than perhaps any other state, for demographic reasons he lays out clearly.

[EconProf]

I tend to trust the free market to sort it all out–if we give it time to work and keep the government away from mucking it up.
Peak oil? No problem. Oil prices will rise thus dampening demand and stimulating supply–of both oil and the alternatives.
Where we get into trouble is with an activist and meddling government. When they try to pick winners and losers they are far more inefficient (and political) than the marketplace. Look at what a disaster their ethanol program is.
Detroit is (belatedly) accepting high gasoline prices as a long-term fact of life, and changing its lineup accordingly. The free market has punished them for their foolishness–and rewarded the hybred car producers. It just took time.

[EconProf]

I tend to trust the free market to sort it all out–if we give it time to work and keep the government away from mucking it up.
Peak oil? No problem. Oil prices will rise thus dampening demand and stimulating supply–of both oil and the alternatives.
Where we get into trouble is with an activist and meddling government. When they try to pick winners and losers they are far more inefficient (and political) than the marketplace. Look at what a disaster their ethanol program is.
Detroit is (belatedly) accepting high gasoline prices as a long-term fact of life, and changing its lineup accordingly. The free market has punished them for their foolishness–and rewarded the hybred car producers. It just took time.

[EconProf]

I tend to trust the free market to sort it all out–if we give it time to work and keep the government away from mucking it up.
Peak oil? No problem. Oil prices will rise thus dampening demand and stimulating supply–of both oil and the alternatives.
Where we get into trouble is with an activist and meddling government. When they try to pick winners and losers they are far more inefficient (and political) than the marketplace. Look at what a disaster their ethanol program is.
Detroit is (belatedly) accepting high gasoline prices as a long-term fact of life, and changing its lineup accordingly. The free market has punished them for their foolishness–and rewarded the hybred car producers. It just took time.

[EconProf]

I tend to trust the free market to sort it all out–if we give it time to work and keep the government away from mucking it up.
Peak oil? No problem. Oil prices will rise thus dampening demand and stimulating supply–of both oil and the alternatives.
Where we get into trouble is with an activist and meddling government. When they try to pick winners and losers they are far more inefficient (and political) than the marketplace. Look at what a disaster their ethanol program is.
Detroit is (belatedly) accepting high gasoline prices as a long-term fact of life, and changing its lineup accordingly. The free market has punished them for their foolishness–and rewarded the hybred car producers. It just took time.

[EconProf]

I tend to trust the free market to sort it all out–if we give it time to work and keep the government away from mucking it up.
Peak oil? No problem. Oil prices will rise thus dampening demand and stimulating supply–of both oil and the alternatives.
Where we get into trouble is with an activist and meddling government. When they try to pick winners and losers they are far more inefficient (and political) than the marketplace. Look at what a disaster their ethanol program is.
Detroit is (belatedly) accepting high gasoline prices as a long-term fact of life, and changing its lineup accordingly. The free market has punished them for their foolishness–and rewarded the hybred car producers. It just took time.

[EconProf]

Yep, OK is an energy-rich state, and that makes all the difference in judging real estate markets. So is Texas, Lousiana, Wyoming, Montana, Utah, even North Dakota…all with relatively healthy real estate markets.
Another factor is agriculture. Corn and soybean-producing areas have bouyant real estate and land markets. Farmland in the midwest has increased 20% per year lately, and many farmers are suddenly finding themselves millionaires & buying McMansions, big toys, etc.

[EconProf]

Yep, OK is an energy-rich state, and that makes all the difference in judging real estate markets. So is Texas, Lousiana, Wyoming, Montana, Utah, even North Dakota…all with relatively healthy real estate markets.
Another factor is agriculture. Corn and soybean-producing areas have bouyant real estate and land markets. Farmland in the midwest has increased 20% per year lately, and many farmers are suddenly finding themselves millionaires & buying McMansions, big toys, etc.

[EconProf]

Yep, OK is an energy-rich state, and that makes all the difference in judging real estate markets. So is Texas, Lousiana, Wyoming, Montana, Utah, even North Dakota…all with relatively healthy real estate markets.
Another factor is agriculture. Corn and soybean-producing areas have bouyant real estate and land markets. Farmland in the midwest has increased 20% per year lately, and many farmers are suddenly finding themselves millionaires & buying McMansions, big toys, etc.

[EconProf]

Yep, OK is an energy-rich state, and that makes all the difference in judging real estate markets. So is Texas, Lousiana, Wyoming, Montana, Utah, even North Dakota…all with relatively healthy real estate markets.
Another factor is agriculture. Corn and soybean-producing areas have bouyant real estate and land markets. Farmland in the midwest has increased 20% per year lately, and many farmers are suddenly finding themselves millionaires & buying McMansions, big toys, etc.

[EconProf]

Yep, OK is an energy-rich state, and that makes all the difference in judging real estate markets. So is Texas, Lousiana, Wyoming, Montana, Utah, even North Dakota…all with relatively healthy real estate markets.
Another factor is agriculture. Corn and soybean-producing areas have bouyant real estate and land markets. Farmland in the midwest has increased 20% per year lately, and many farmers are suddenly finding themselves millionaires & buying McMansions, big toys, etc.

[Author]

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