Boom Bust: House Prices, Banking and the Depression of 2010

by Fred Harrison

The volatility of the housing market is confronted and explained in this exploration of real estate’s ever-growing prices. Though widely recognized by the government, the media, developers, and homeowners, the market’s instability is not generally understood. In addition to offering an explanation for the state of the market, the author proposes a model of tax reform that would allow land prices, and therefore housing prices, to fall back to affordable levels while avoiding a slump in the economy.

Genres: Economics

288 pages, Paperback

First published April 1, 1999

Reviews

[Gerald · Rating 5 out of 5]

...and it happened as Fred said it would. A must read for anybody who wants to understand the cycle and why politicians and their economists keep getting it wrong.

[Mrmalibu · Rating 5 out of 5]

Excellent book!

[Alistair · Rating 5 out of 5]

A great read if you want to learn about financial cycles. Even though the book is a few years old now, the theories are still just as relevant (2025)

[SDAntoNia · Rating 2 out of 5]

Harrison claims 18 year b. cycle based on land prices (raw land, not housing/prop.) -> depression; Reviewer cites Stiglitz, Marx,etc in 'rent is theft' idea