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.

Wednesday, December 07, 2016

The Trouble with DTI as an Underwriting Variable--and as an Overlay

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Access to mortgage credit continues to be a problem.  Laurie Goodman at the Urban Institute shows that, under normal circumstances (say th...
Tuesday, September 20, 2016

Changing Character

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I live in a very pleasant suburb of Los Angeles called Pasadena.  Many of you will know it from the Rose Parade and Bowl.  But it also has ...
Sunday, August 28, 2016

Aesthetics and Cost

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I grew up in La Crosse, Wisconsin, which sits at a particularly beautiful spot on the Mississippi River.  It is in the middle of an area ca...
Thursday, August 11, 2016

Capital and New Construction

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Bankers like to complain about Basel III capital rules. Among other things, they argue that the rules make construction lending more expen...
Monday, August 08, 2016

Use up-zoning, but don’t give it away

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Los Angeles has three interrelated issues: for a city of its size, it is not, by world standards, very dense (see Figure 1.  The pictures o...
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Richard Green
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