Rantings and tirades of a frustrated economist.
Is it correct to use median values to compare to rents. Just seems like few rental properties are going to be valued above the median but many are going to be below the median. Unfortunately I don't know what metric you could use that would be better than median since the mean should be higher.I enjoy your blog. Its very informative.
So how does a guy who's so obsessed with the housing boom rationalize being such a cheerleader for the Irish economy? Ireland got rich on one of the worst housing bubbles -- despite a HUGE population influx -- and a whopping 13% of its labor force is in construction.
I can't find an email address for you, but I thought you'd want to see this new Hoover publication about recession:http://www.hoover.org/research/focusonissues/focus/14776626.html
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