Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Thursday, March 02, 2006
Someone Recognizes a Risk Premium?
Who's right? Good question but as more and more people have opted away from the traditional 30 yr conforming loan the consumer advantage of the ARM appears to be eroding.