real estate

It isn't just bad for 20-somethings; it's bad for everybody. 

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The Ongoing and Hugely Risky Bailout of the Housing Market

Why the next housing crisis could be worse than the last one

Unless the White House changes course, the next housing crisis will be worse than the last one

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Related Links: Steven Levitt's response to Scheiber's argument, and Scheiber's response to Levitt. One of the few papers I actually read as a grad student was written by a pair of economists named Josh Angrist and Alan Krueger. In the early '90s, Angrist and Krueger set off to resolve a question that had been gnawing at economists for decades: Does going to school increase your future wages? Intuitively, it seemed obvious that it did. When you compared the salaries of, say, Ph.D.s with those of high-school dropouts, the grad-school set almost always did better.

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