Richard's Real Estate and Urban Economics Blog

Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California. This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.

Monday, February 27, 2012

Feroli, Harris, Sufi and West on Housing and the Transmission of Monetary Policy

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I will share a link when I find one.  Let me pull out a couple of paragraphs from the executive summary: In this report, we focus on weak...
6 comments:
Saturday, February 25, 2012

Still playing consumers for suckers

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So I am having a lazy Saturday watching ESPN, and see an ad where the husband says, "I need the TV," and the wife says, "We c...
2 comments:
Tuesday, February 21, 2012

Matthew Yglesias says low income people face lower inflation

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More specifically, he writes : At the same time, it’s worth noting that stagnating real working-class wages are calculated by using a mean...
Monday, February 20, 2012

What do these two places have in common?

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Cudahy, California New York, NY What they have in common is that Cudahy's population density, at 21,684 per square mile, is not di...
1 comment:

3quarksdaily: Learning Urdu

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3quarksdaily: Learning Urdu
Friday, February 17, 2012

Professor Judith Green reminds me of the meaning of "begging the question"

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Fowler defines "begging the question" as the "fallacy of founding a conclusion on a basis that as much needs to be proved a...
2 comments:

Paul Krugman essentially invites the question: should California secede?

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In his column this morning, Paul Krugman discusses a recent Times article that shows that the reddest states receive more of their persona...
1 comment:

Hannah Green: The problems of engaging in blind warfare - Forum - The Daily Northwestern - Northwestern University

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My daughter on drones. Green: The problems of engaging in blind warfare - Forum - The Daily Northwestern - Northwestern University
Thursday, February 16, 2012

Adam Levitin on the San Francisco Audit: Why no investigation?

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Adam writes : Here's a bombshell : the San Francisco City Assessor commissioned a serious audit of foreclosure documentation filed in...
1 comment:

Read the San Francisco Assessor's Audit on Mortgage Compliance.

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It is jaw-dropping .  Among other things, around 30 percent of the foreclosed loans sampled from San Francsico have a minimum of three clea...
1 comment:
Wednesday, February 15, 2012

Did David Brooks think the social fabric was better when...

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...we had Jim Crow?  When the military was segregated? When Chinese were denied citizenship?  When husbands could beat their wives?  Not so ...
Monday, February 13, 2012

Why do people confuse "transit" with rail?

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Perhaps the most important transportation economist since World War II was John Kain.  Professor Kain liked transit very much, but be showed...
3 comments:
Friday, February 10, 2012

My lexicographic voting preferences

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I could no more vote for someone that opposed marriage equality than I could for someone who supported anti- miscegenation laws. And yes...
1 comment:
Wednesday, February 08, 2012

Lisa Schweitzer on Shouting People Down

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It starts : One problem with planning, particularly for planning in the academy, concerns its normative basis: the good city, the just ci...
2 comments:
Wednesday, February 01, 2012

Two strong positives for the new Obama refinance plan

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(1) It finally allows underwater borrowers to exercise an option that investors knew existed when they purchased mortgage backed securities-...
2 comments:

Rolf Pendall: Racial Segregation is Still a Reality

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Rolf responds to Glaeser and Vigdor : The Manhattan Institute for Policy Research’s website made a triumphal proclamation this week tha...
Tuesday, January 31, 2012

My daughter Hannah on the complexity of Iran

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I wouldn't push the proud father thing if I didn't think she was good. Green: Iranian film creatively bends censorship rules - Forum...

Good news and bad news on race and housing

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Ed Glaeser and Jake Vigdor find that all-white neighborhoods are a thing of the past.  They find : The most standard segregation measure s...
3 comments:
Tuesday, January 24, 2012

Better graph with more recent data

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In comments, a complaint was lodged that I used a graph with a linear y-axis for demonstrating change in income over the past 40 years.  The...
3 comments:

A modest proposal for tax reform

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Let's just start by designing a code that requires that as adjusted gross income rises, the effective tax rate may not fall.  That way...
2 comments:
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