Kevin Erdmann was a small business owner for 17 years. In 2010, he sold his business and earned his master's degree in finance from the University of Arizona, which grounded his real-world experience of investing in the rigor of the academy. In 2013, he began blogging at idiosyncraticwhisk.com to share his contrarian observations about investment strategies and research. He was surprised to uncover evidence that seemed to contradict conventional narrative and common assumptions about the housing bubble and the financial crisis. As the evidence accumulated, he developed a new account of the causes of the housing bubble and financial crisis. That account eventually became a two-book project, Shut Out and a follow-up book still in development, both of which synthesize and expand on the housing theories he originally published on his blog. He lives in Gilbert, Arizona, with his wife and three children.
Inhaltsangabe
Introduction 1 Part I: The Things We Didn't Know and the Things We Knew That Just Weren't So Chapter 1: High Home Prices Are Caused by Limited Supply 13 Chapter 2: Our Unexceptional Bubble 43 Chapter 3: A Tale of Credit 67 Part II: What Really Happened Chapter 4: How Rising Prices Cause More Rising Prices 91 Chapter 5: Migration and Contagion Cities 109 Part III: Symptoms of the Urban Housing Shortage Chapter 6: Closed Access to Labor 139 Chapter 7: Broader Economic Implications of Closed Access Cities 149 Chapter 8: Closed Access and International Trade 181 Chapter 9: A Moral Panic and a Financial Crisis 199 Epilogue 221 Appendix: Home Prices 243 Notes 273 About the Author 307 Acknowledgments 307
Introduction 1 Part I: The Things We Didn't Know and the Things We Knew That Just Weren't So Chapter 1: High Home Prices Are Caused by Limited Supply 13 Chapter 2: Our Unexceptional Bubble 43 Chapter 3: A Tale of Credit 67 Part II: What Really Happened Chapter 4: How Rising Prices Cause More Rising Prices 91 Chapter 5: Migration and Contagion Cities 109 Part III: Symptoms of the Urban Housing Shortage Chapter 6: Closed Access to Labor 139 Chapter 7: Broader Economic Implications of Closed Access Cities 149 Chapter 8: Closed Access and International Trade 181 Chapter 9: A Moral Panic and a Financial Crisis 199 Epilogue 221 Appendix: Home Prices 243 Notes 273 About the Author 307 Acknowledgments 307
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