Valuabl

Valuabl

Share this post

Valuabl
Valuabl
A plague on both your houses
Copy link
Facebook
Email
Notes
More
Articles

A plague on both your houses

The housing bubble has burst. Those who ignored it and bought on the way up will get burned on the way down.

Jun 23, 2023
∙ Paid

Share this post

Valuabl
Valuabl
A plague on both your houses
Copy link
Facebook
Email
Notes
More
Share
“Storm clouds gather over housing” by DALL•E

Housing is the business cycle. Or so wrote economist Edward Leamer in a 2007 research paper where he argued housing leads the economy. When prices go up, builders build. But the economy sinks when prices drop, and construction activity dries up. That's what happened when the housing bubble burst in 2006. Price…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 𝑉𝑎𝑙𝑢𝑎𝑏𝑙
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More