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IPFS News Link • Economy - Economics USA

Mortgage Market Management

07-03-2009 • arclein

When you do that, you have a race to the bottom as rising prices mask the steady decrease in quality. For example, how easy would it have been to progressively pull the land value component out of the equation as demand and process began to rise? It would be simply a matter of accepting only land values set in say 2000 for lending purposes. The drag would have halted speculative leveraging in its tracks. Today deleveraging is reducing those same land values to something approaching zero in a new market in which value is assigned to the replacement of the building and available rents. This example alone shows us that a market can be readily managed and secondly, it must be managed to optimize results.

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Reported By robert klein

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