Tag: housing
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10 things we know more about than the level of serviced land
We don’t know how much serviced land, land ready for housing, there is. The last annual data series end in 2012, with a survey (in a different format) from 2014.. But we do know more recent data on the following 10 things, none of which , I would argue, are more important than solving the…
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Ireland- subsiding housing market failure
Economics has a lot to say about market failure, its causes consequences and resolution. The government know these. Indeed, at the cabinet table sits a man with formal economic training, in Richard Bruton, who knows these things. If they don’t, or have forgotten, then a phone call to the Government Economic Service will refresh or…
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Would maximum Loan to Value Ratios have much effect on Dublin House Prices?
The central bank of Ireland is rumoured to be interested in imposing loan to value limits, as well as loan to income limits, on mortgages. The objective here, it appears, is to try and cool down the housing market in Dublin. A big part of the problem in the Dublin market, which is going gangbusters, is…
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How does negative housing equity interact with the decision to default?
Michael Seiler thinks it might be this way… see his paper below for more details. Seiler, Michael Joseph, Determinants of the Strategic Mortgage Default Cumulative Distribution Function (June 20, 2014). Available at SSRN: http://ssrn.com/abstract=2465059 orhttp://dx.doi.org/10.2139/ssrn.2465059
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Bubbles in the Dublin Housing Market?
Is there a bubble in the Dublin house market? The latest figures might well give one pause for thought, with a 22% year on year increase, clearly unsustainable. However, this may not be the entire story. A newly developed statistical technique (see here and here for previous posts using it to talk about bubbles in…
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Someone needs to define affordability in mortgages
This is a version of a column which appeared in the Irish Examiner 14 September 2013 Since the appearance of the banks before the oireachtas committees last week we have seen a lot of discussion on the mortgage issue. Like the poor, speculation about mortgages will always be with us it seems. A vexed element…
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Danish Mortgages in Ireland? No thanks
Senator Sean Barrett introduced a bill into the Senate this week to in effect restructure the Irish mortgage market along Danish (aka rational) lines. Stephen Kinsella on IrishEconomy has a post on it where he notes that the Minister nixd the bill on essentially four grounds 1. We are not, nor were we ever, Denmark.…
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With greater transparency in prices, where now for house prices ? Have your say!
So now that we have some more transparency in the housing price area, with the publication of the property price database, where do people see the average house price going? Will greater transparency via increased volume result in prices going up or will people decide that the market is still a buyers market and bid…