Forum Replies Created
-
AuthorPosts
-
Rich ToscanoKeymasterThere is a longtime Pigg poster I highly recommend. I’m not sure if I should publish his email so go ahead and email me at rich at piggington.com and I will send his info.
Rich
Rich ToscanoKeymasterThere is a longtime Pigg poster I highly recommend. I’m not sure if I should publish his email so go ahead and email me at rich at piggington.com and I will send his info.
Rich
Rich ToscanoKeymasterThere is a longtime Pigg poster I highly recommend. I’m not sure if I should publish his email so go ahead and email me at rich at piggington.com and I will send his info.
Rich
March 17, 2008 at 6:29 PM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #171952Rich ToscanoKeymasterHere it is in all its glory:
http://www.economics.pomona.edu/GarySmith/SoCalHousingBubble.pdf
If I recall, this paper argued that since home prices always went up, it wasn’t actually expensive to buy homes because you’d get capital gains. I don’t remember if I wrote about it but I did lambast a paper making the same ridiculous argument written by three dudes from the Wharton School, Columbia, and the NY Fed.
http://real.wharton.upenn.edu/~sinai/papers/Housing-Bubble-Himmelberg-Mayer-Sinai-wp-09-07-2005.pdf
(shorter and more arrogant WSJ editorial version here): http://real.wharton.upenn.edu/~sinai/papers/WSJ_Bubble_Trouble.pdfOnce again, these were high profile economics professors/PhDs making the argument that homes were cheap because the apparently guaranteed capital gains would pay back buyers’ costs! Pathetic. My rebuttals:
Rich
March 17, 2008 at 6:29 PM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172285Rich ToscanoKeymasterHere it is in all its glory:
http://www.economics.pomona.edu/GarySmith/SoCalHousingBubble.pdf
If I recall, this paper argued that since home prices always went up, it wasn’t actually expensive to buy homes because you’d get capital gains. I don’t remember if I wrote about it but I did lambast a paper making the same ridiculous argument written by three dudes from the Wharton School, Columbia, and the NY Fed.
http://real.wharton.upenn.edu/~sinai/papers/Housing-Bubble-Himmelberg-Mayer-Sinai-wp-09-07-2005.pdf
(shorter and more arrogant WSJ editorial version here): http://real.wharton.upenn.edu/~sinai/papers/WSJ_Bubble_Trouble.pdfOnce again, these were high profile economics professors/PhDs making the argument that homes were cheap because the apparently guaranteed capital gains would pay back buyers’ costs! Pathetic. My rebuttals:
Rich
March 17, 2008 at 6:29 PM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172290Rich ToscanoKeymasterHere it is in all its glory:
http://www.economics.pomona.edu/GarySmith/SoCalHousingBubble.pdf
If I recall, this paper argued that since home prices always went up, it wasn’t actually expensive to buy homes because you’d get capital gains. I don’t remember if I wrote about it but I did lambast a paper making the same ridiculous argument written by three dudes from the Wharton School, Columbia, and the NY Fed.
http://real.wharton.upenn.edu/~sinai/papers/Housing-Bubble-Himmelberg-Mayer-Sinai-wp-09-07-2005.pdf
(shorter and more arrogant WSJ editorial version here): http://real.wharton.upenn.edu/~sinai/papers/WSJ_Bubble_Trouble.pdfOnce again, these were high profile economics professors/PhDs making the argument that homes were cheap because the apparently guaranteed capital gains would pay back buyers’ costs! Pathetic. My rebuttals:
Rich
March 17, 2008 at 6:29 PM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172310Rich ToscanoKeymasterHere it is in all its glory:
http://www.economics.pomona.edu/GarySmith/SoCalHousingBubble.pdf
If I recall, this paper argued that since home prices always went up, it wasn’t actually expensive to buy homes because you’d get capital gains. I don’t remember if I wrote about it but I did lambast a paper making the same ridiculous argument written by three dudes from the Wharton School, Columbia, and the NY Fed.
http://real.wharton.upenn.edu/~sinai/papers/Housing-Bubble-Himmelberg-Mayer-Sinai-wp-09-07-2005.pdf
(shorter and more arrogant WSJ editorial version here): http://real.wharton.upenn.edu/~sinai/papers/WSJ_Bubble_Trouble.pdfOnce again, these were high profile economics professors/PhDs making the argument that homes were cheap because the apparently guaranteed capital gains would pay back buyers’ costs! Pathetic. My rebuttals:
Rich
March 17, 2008 at 6:29 PM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172390Rich ToscanoKeymasterHere it is in all its glory:
http://www.economics.pomona.edu/GarySmith/SoCalHousingBubble.pdf
If I recall, this paper argued that since home prices always went up, it wasn’t actually expensive to buy homes because you’d get capital gains. I don’t remember if I wrote about it but I did lambast a paper making the same ridiculous argument written by three dudes from the Wharton School, Columbia, and the NY Fed.
http://real.wharton.upenn.edu/~sinai/papers/Housing-Bubble-Himmelberg-Mayer-Sinai-wp-09-07-2005.pdf
(shorter and more arrogant WSJ editorial version here): http://real.wharton.upenn.edu/~sinai/papers/WSJ_Bubble_Trouble.pdfOnce again, these were high profile economics professors/PhDs making the argument that homes were cheap because the apparently guaranteed capital gains would pay back buyers’ costs! Pathetic. My rebuttals:
Rich
Rich ToscanoKeymasterRich ToscanoKeymasterRich ToscanoKeymasterRich ToscanoKeymasterRich ToscanoKeymasterRich ToscanoKeymasterI responded to that bit of utter nonsense too:
http://voiceofsandiego.org/articles/2007/08/16/toscano/888conspiracytheory081607.txt
I’m done with Chamberlin though… debunking his ongoing stream of irresponsible misinformation could become a full time job and there are better uses of my time. Anyone who still reads him and takes him seriously after the last column, in which he made clear that he doesn’t even understand a simple concept like the effects of inflation, deserves the bad advice they are getting.
Feel free to document his ongoing pearls of wisdom in the forums but I’m letting my SDDT subscription lapse and I will no longer subject myself to the psychic pain of reading his “money in the morning” column every day.
-
AuthorPosts
