Tuesday, May 08, 2018

Richard Florida on Choi, Green and Noh

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He writes about what we write about on education, migration and rent . It’s abundantly clear that in today’s economy, the ability to at...
Monday, May 07, 2018

Ten things data have taught me about the world.

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(1) Tax cuts do not magically create growth;  (2) Vaccines are among the best things we have ever invented;  (3) raising the minimum wa...
1 comment:
Sunday, April 15, 2018

Rent Stabilization Fails to Target Those in Need

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Rent stabilization is a transfer from those who own rent stabilized units to those who live in such units.  As such, it is not a specific r...
Thursday, November 30, 2017

A short piece on the GOP Tax Plan

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I write for Fox and Hounds Daily: I am a Keynesian.  By that I mean that John Maynard Keynes’ predictions are generally confirmed by evid...
Saturday, September 09, 2017

How Harvey and Irma might flood Ginnie Mae issuers

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I got to spend some time this week at Toni Moss' Americatalyst event with Ted Tozer, President of Ginnie Mae during the Obama years. I...
1 comment:
Wednesday, August 30, 2017

Tony Yezer on Tax Avoidance and Incidence

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He writes: "I teach this in urban economics.  However, in this case there is a 4.5% CAP rate (note that is operating revenue net of...
Tuesday, August 08, 2017

I think I support a tax cut...

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...for below median income households. Mitt Romney infamously complained during his presidential campaign that 47 percent of Americans pa...
Wednesday, August 02, 2017

How the very rich legally avoid paying taxes (h/t/ Ed McCaffery)

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It is not that difficult--if you have access to capital.  Here are the steps: (1) Buy an apartment complex for $10,000,000 at a 4.5 per...
1 comment:
Saturday, July 29, 2017

Missing Car Talk (because Tom and Ray spoke not of what they did not know)

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Saturday morning errands were more attractive when, while driving, one could listen the Tappet Brothers give sound advice on auto repair an...
Thursday, July 27, 2017

Fannie and Freddie don't really do 30-year mortgages

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The reason is prepayment.  I just happened to notice recently that even in periods where there isn't an interest rate incentive for peo...
Tuesday, March 21, 2017

Leaks

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I got to spend a year (July 2015-June 2016) working as a Senior Advisor at the Department of Housing and Urban Development.  I wasn't p...
Sunday, February 19, 2017

Troika

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Troika is the forecasting process for the federal government; it is called Troika because it is a joint project of Treasury, the Office of ...
Monday, January 23, 2017

Why I like what Quicken is doing

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There is a piece in the New York Times from yesterday that sort of implies that Quicken Loan's rapid rate of growth (they are now the ...
Monday, January 09, 2017

Danny Ben-Shahar leads me to reflect on whether data should be treated as a public good

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Danny Ben-Shahar gave a really nice paper (co-authored with Roni Golan) at the ASSA meetings yesterday about a natural experiment in the i...
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...