Smart money or dumb money: investors' role in the housing bubble

Wenli Li

Business Review, 2015, issue Q1, 21-26

Abstract: To explain the historic housing boom and bust, most analysis has identified easy credit in the form of low interest rates, subprime mortgages, and relaxed qualifications for borrowers. But as Wenli Li explains, recent research suggests an additional factor: real estate speculation.

Keywords: Housing bubble; Real estate speculation (search for similar items in EconPapers)
Date: 2015
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