Providing Thoughtful Analysis on the Housing Market
You beat me to it! Note what CalculatedRisk stated:"An interesting point: the measure of Owners' Equivalent Rent (OER) is at about the same level as two years - so the price-to-rent ratio has mostly followed changes in nominal house prices since then. Rents are starting to increase again, and OER will probably increase in 2011 - lowering the price-to-rent ratio."OER increases? It happens, even with stagnant interest rates...
On this vein, ht CalculatedRisk, details on the new proposed mortgage lending regulations in the US:WSJ: Regulators Unveil Mortgage-Lending RulesJust think, requiring lenders to: reserve 5% of capital on any residential loan, require 10% DP with private MI, or require 20% DP. This effort appears to have support from both sides of the aisle. On first blush it is more prudent than Canada's "prudent" system.
@jesseme too! i have this article open since it was posted on calculated risk but didn't get a chance to publish it!
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