Friday, May 1, 2009

Housing Boom and Bust in France

The amicable Vincent Benard has posted his presentation from the American Dream Coalition conference in Seattle, Washington. This post is in English! (No cutting a pasting into translators required!!).

Housing booms and busts are nothing new to Europe. If you want to understand the seeds, read his post. He boils it down to two necessary ingredients: Credit expansion by a central bank and too much land use regulation. On these points I completely agree.

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