[lbo-talk] housing bubble?

Doug Henwood dhenwood at panix.com
Mon Jan 31 07:59:57 PST 2005


Wojtek Sokolowski wrote:


>PS. If we consider hedonic valuation used in, say, the computer industry,
>which takes into account changes in product quality to determine real value
>- the increase of housing price is even higher due to increasingly shoddy
>construction (which according to the Consumer reports is becoming a serious
>problem).

But houses are larger, and the hedonic model would have to take account of that too.

Doug



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