Resumen de Shut Out: How a Housing Shortage Caused the Great Recession and Crippled Our Economy.
He also uses a simple house price model to show that, if you accept his contention that price-rent ratios should rise with rent, 2005 prices could have been justified with rent inflation only moderately above core inflation going forward. Mian and Sufi ([1]) found that "subprime" zip codes with lower credit scores experienced both greater credit growth and greater house price appreciation, despite lower income growth. [Extracted from the article]
