The whole rent falling with the collapse of a real
estate bubble thing has been a bit of a mystery to me.
Not exact matches
But despite all this, the important
thing is that the real
estate bubble would have developed in any event, simply because of the exponential financial dynamics at work and the increasing tax favoritism for real
estate — taxing labor and industry rather than land rent.
He did the same
thing with Mexico and RMBS in 1994, Commercial Real
Estate in the early 90s, LTCM / Asia / Russia in 1998, Y2K in 1999 - 2000, and the aftermath of the tech
bubble in 2001 - 2002.
When people elsewhere in the economy can collect their bonuses and move on before the truth is revealed, we get such
things as the real
estate bubble.
«If you have a real
estate bubble that's founded on deep corruption and improperly executed systems, that's a bad
thing,» he said.
A totally unique
thing I do that I haven't seen anyone else do is that I move the base year back to 1995 so you can see how the Great Real
Estate Bubble develops from the very beginning.