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  • òòò½Íø in the news
  • November 16, 2017

Bloomberg View cites AER article about real estate

The London city skyline is shown at sunset.

Maridav

Justin Fox cited an òòò½Íø Review article published in February in a piece about how soaring real estate prices worsen inequality and slow growth. The AER article by , , and examined the evolution of home prices in advanced economies since 1870. The authors showed that real house prices stayed constant from the 19th and mid-20th century, but have since risen substantially. Rising land prices were largely to blame, explaining about 80 percent of the global home price boom since World War II.