Re: Interest rates and housing

Are you saying that there's a real cycle of real estate that takes 18 years from (from peak to peak or from peak to trough?)? David That is the usual cycle, although there are exceptions. That seems different from your initial contention that the current bubble has been caused by

Re: Interest rates and housing

If the real estate cycle is based on government expansion of money, David It is based on that and also on fiscal policy and the inherent nature of real estate rentals and construction. why has it been the same under three or four different monetary systems? It does not matter much to the

Re: Interest rates and housing

In a message dated 8/16/05 10:24:56 AM, [EMAIL PROTECTED] writes: The last real estate bottom was in 1990, so if this is another 18-year cycle, the next depression would be around 2008.  So far, the economy is tracking the cycle right on schedule.  In my judgment, the economy is entering the

Re: Interest rates and housing

: Re: Interest rates and housing In a message dated 8/16/05 10:24:56 AM, [EMAIL PROTECTED] writes: The last real estate bottom was in 1990, so if this is another 18-year cycle, the next depression would be around 2008. So far, the economy is tracking the cycle right on schedule. In my

Re: Interest rates and housing

If government has caused a real estate price bubble by artificially lowering interest rates, how can it have an 18-year cycle, David Because real estate construction takes years, and recovery from a downturn takes years. An exception is an inflationary boom that is not a real economic

Re: Interest rates and housing

In a message dated 8/18/05 11:28:53 AM, [EMAIL PROTECTED] writes: --- Technotranscendence [EMAIL PROTECTED] wrote: there are political cycles too, such as the Presidential cycle.  Yet this doesn't line up with 18-years. Yes, there several cycles going on at the same time. There are also

Re: Interest rates and housing

In a message dated 8/18/05 11:40:59 AM, [EMAIL PROTECTED] writes: If government has caused a real estate price bubble by artificially lowering interest rates, how can it have an 18-year cycle, David Because real estate construction takes years, and recovery from a downturn takes years. An

Interest rates and housing

Are there any armchair economists left? If so, what do you think of the following article? Thanks! David Levenstam George Mason University - Interest rates and housing Bruce Bartlett (archive) August 16, 2005 | Print | Recommend to a friend Last week the Federal