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mweiss-econ.bsky.social
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Rental housing returns are highest for low-rent housing, after risk adjustment. Financing, informational, and reputational frictions prevent enough capital inflow in this segment, from Sven Damen, Matthijs Korevaar, and Stijn Van Nieuwerburgh https://www.nber.org/papers/w33470

These were the weeks in 1649 when John Milton was writing “The Tenure of Kings and Magistrates”, pointing out that many people love a tyrant because they love “not freedom, but license, which never hath more scope, or more indulgence than under tyrants” #milton

<<The question then becomes, what is hope? And the conclusion I’d have ti venture is that hope involves working and struggling along with people who are important to you. In fact, I’ve gotten to the point where I think this is what it means to be alive.>> -Hayao Miyazaki

happy new year

Krugman's best pieces: • The babysitting co-op slate.com/business/199... • On modeling web.mit.edu/krugman/www/... • Japan liquidity trap web.mit.edu/krugman/www/... • on zoning www.nytimes.com/2015/11/30/o... archive.nytimes.com/krugman.blog... • how I work web.mit.edu/krugman/www/...

German bond investors bet on an end to Berlin’s ‘debt brake’ on.ft.com/4fFiVee

Okay so what the hell are you supposed to do about this www.sciencedirect.com/science/arti...