Wednesday, July 2, 2014

OCHN: Reflating the housing bubble mis-allocates resources yet again

Builders are responding to the lack of inventory and higher prices by building homes in areas where we really don’t need them.

Builders will construct new homes anywhere they see an opportunity to make money. They are starting to build homes again in the high desert of California where...
Reflating the housing bubble mis-allocates resources yet again





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