Home Prices Rise! (and Fall …)

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Suburban Sprawl v/s Living in the City

A few weeks ago I heard a story on NPR

http://www.npr.org/templates/story/story.php?storyId=89803663

that quoted David Stiff, chief economist for the company that produces the Case-Shiller Home Price Index that correlated home price data by distance to transit, CBD’s or employment centers within metro areas instead of metro area to metro area. The finding was that there was a direct correlation between the percent of decline of value and distance of commutes, suberbs v/s cities, drive time v/s mass transit. If this is true it would be great for the public (at least the urban public) and policy makers to see published/charted so they have a more precise understanding of scope and uneven impact of this dramatic housing meltdown.

ChicagoRandy of IL @ May 27, 2008 22:16:56 PM

Residential Republicans?

Has anyone ever done a trend analysis that compares the rise in home prices to the rise of the "new" Republican conservative base?

Maybe I'm all wrong, but it seems to me that when Main Street was making easy money with real estate and their homes they got more Republican ... you know, "Free Market", "we do enough for the lazy poor" and no regulation required. Tax breaks for the "investment class" made perfect sense, as the wealthy invest everyone prospers ... right? Hard working, honest people became "suckers" and stupid for not playing the speculation game.

Ya think that attitude may be shifting?

One thing they didn't mention about the "Free Market" is that it is perfectly predatory and constantly changing - if you aren't in it to win it 100%, you are what's for dinner. Regulation depends on who's making the rules; if the predators own the the rules (and they do) it's just a question of which "homeowner small investor" is next. Like all the great predators, the herd is thinned one at a time so the herd doesn't panic and leave. Taking the old, young and impaired first.

So, as the wannabe rich become the usedtobe solvent how will they feel about not being predators and becoming the prey? Maybe fairness and ethics will gain greater consideration?

Seriously, anyone in Media willing to track the trends?

Michael King of CA @ May 27, 2008 20:38:00 PM

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The Home Front

The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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