Tuesday, March 31, 2009

Highest per capita Restaurant Quality in the Country?

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Brad Delong today wrote about the virtues of Caribou Coffee in Washington. This reminded me of how much I missed Victors Coffee in Madison ...
Monday, March 30, 2009

Property Rights and Property Values in Asia

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Global Property Guide is a wonderful web site with lots of fun facts about property markets around the world. I was looking through its da...
6 comments:
Monday, March 23, 2009

One person's perspective on bonuses

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When I followed my wife from Madison to Washington in 2002, I thought it would be a great opportunity to try something different from academ...
1 comment:

Mortgages and Uncertainty

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My understanding of the Obama-Geithner plan for restoring financial institutions is that it rests on a hope and a prayer: a hope that no mor...
2 comments:
Friday, March 20, 2009

For Excellence in Film Reviewing

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Go to: http://filmlinc.wordpress.com/

How big a tax advantage do owners have relative to renters?

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Bill Wheaton's comment at UCI a few weeks ago continues to haunt me. Let's ignore financing for a moment (because interest is deduct...
7 comments:
Thursday, March 19, 2009

US Housing Policy is about to get better

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From today's Washington Post : Raphael Bostic Department of Housing and Urban Development Assistant Secretary for Policy Development and...
1 comment:
Wednesday, March 18, 2009

Morris Davis' Rent-to-Price Ratio is rising

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Go to this page . Click on the word "here." At 4.67% (based on Case-Shiller) it is it at its highest point since 2000. With mort...

I am doubtful Obama's MID cut-back would affect California much

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President Obama has proposed reducing the rate at which households with incomes above $250,000 would benefit from the Mortgage Interest Dedu...
9 comments:

Comments on William Fischel on Property Taxes and School Finance

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Comment on William Fischel, “The Median Voter and School-Finance Reform: How Tax-Base Sharing Undermines the Efficiency of the Property Tax”...
5 comments:

Do I suffer from NIMBY creep?

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Revealed preference tells me I like living in older, close-in, suburbs. While in Madison, I technically lived near the middle of the city i...
2 comments:
Monday, March 16, 2009

Program Note

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I will be on KPCC tomorrow at 11:07, talking about Obama's plan to reduce the mortgage interest deduction for those making more than $25...

How much context should Newspapers provide?

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This past weekend, the Washington Post asked three finance gurus, Peter Lynch, Burton Malkiel and Bill Gross, for investment advice. All th...
1 comment:

Long live the 767

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The one daily non-stop flight between LAX and Lima takes about eight hours. The carrier is LAN, and the plane is a refurbished 767. LAN see...
2 comments:

Fight on!

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The hardest adjustment to joining the USC faculty has been learning to root for the football team. When I was a kid, I would root for the T...
2 comments:

What is wrong with this picture?

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I gave a couple of lectures at the Central Bank of Peru last week. The driver who picked me up at the airport had returned to Lima after li...
1 comment:
Saturday, March 14, 2009

My question to Ken Rosen is then, what is wealthy?

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He is quoted in today's LA times : "The problem with this [Obama's plan to cut back on the mortgage interest deduction for tho...
5 comments:
Monday, March 09, 2009

Programming note

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I will be on KPCC's 'Airtalk' at 10:40 tomorrow morning. The topic is the commercial real estate market in Southern California.
Sunday, March 08, 2009

The Oriole Way asks me to try GDP growth and lagged taxes

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Pleased to oblige: The correlation now goes up to .11. [update: I cleaned up the chart a little. On the right side of the oval are Clinton ...
6 comments:
Saturday, March 07, 2009

Fun with Charting Tax Rates and Growth

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Just for fun, I plotted the top marginal federal tax rate from 1947 through 2006 against real GDP growth for each year. Here is what I get:...
13 comments: