ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
SHARE
Arnold,
You are talking higher mortgage interest rates here, which will bring down Housing price. The mortgage tax credit was a bad idea from the start, and did cause the Housing bubble. Income-earners could never afforded the higher Housing Price/Income without an artificial increase in basic Take-Home Income--the mortgage tax credit. The later is to the benefit of Realtors and Home-Sellers alone, as Mortgage-Holders with variable rates will find eventually. lgl
The mortgage interest deduction is pure evil!
Do not forget the externalities of boomers retiring and downsizing !
Expect increasing interest rates to slow inflation of home prices, however not on a national basis.
Certain regions will be hit harder than others (non costal areas, not as hard as costal regions is my belief).