Comments on: Let Krugman spend his money http://blogs.reuters.com/felix-salmon/2009/08/13/let-krugman-spend-his-money/ A slice of lime in the soda Wed, 19 Jun 2013 21:53:37 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: caveat bettor http://blogs.reuters.com/felix-salmon/2009/08/13/let-krugman-spend-his-money/comment-page-1/#comment-5516 caveat bettor Fri, 14 Aug 2009 18:28:50 +0000 http://blogs.reuters.com/felix-salmon/2009/08/13/let-krugman-spend-his-money/#comment-5516 The professor should have read this before buying: If your mortgage payments are higher than prevailing rents even as your mortgage balance is higher than the value of your home, you're not benefiting in the slightest from your decision to buy: quite the opposite. And it's not just subprime borrowers, either: here's a representative example of prime borrowers going through just as much pain. A mortgage is a form of financial leverage, and leverage magnifies both upside and downside; right now, it's all about the downside. http://www.portfolio.com/views/blogs/market-movers/2007/09/10/the-downside-of-homeownership/ The professor should have read this before buying:

If your mortgage payments are higher than prevailing rents even as your mortgage balance is higher than the value of your home, you’re not benefiting in the slightest from your decision to buy: quite the opposite. And it’s not just subprime borrowers, either: here’s a representative example of prime borrowers going through just as much pain. A mortgage is a form of financial leverage, and leverage magnifies both upside and downside; right now, it’s all about the downside.

http://www.portfolio.com/views/blogs/mar ket-movers/2007/09/10/the-downside-of-ho meownership/

]]> By: Jon H http://blogs.reuters.com/felix-salmon/2009/08/13/let-krugman-spend-his-money/comment-page-1/#comment-5460 Jon H Thu, 13 Aug 2009 18:14:09 +0000 http://blogs.reuters.com/felix-salmon/2009/08/13/let-krugman-spend-his-money/#comment-5460 By the way, at the recent Worldcon science fiction convention in Montreal, Krugman had an on-stage discussion with Scottish science fiction author Charlie Stross. An MP3 can be downloaded at Charlie's blog, http://www.antipope.org/charlie/blog-static/2009/08/a_fireside_chat.html By the way, at the recent Worldcon science fiction convention in Montreal, Krugman had an on-stage discussion with Scottish science fiction author Charlie Stross. An MP3 can be downloaded at Charlie’s blog, http://www.antipope.org/charlie/blog-sta tic/2009/08/a_fireside_chat.html

]]> By: Eitan http://blogs.reuters.com/felix-salmon/2009/08/13/let-krugman-spend-his-money/comment-page-1/#comment-5458 Eitan Thu, 13 Aug 2009 18:12:02 +0000 http://blogs.reuters.com/felix-salmon/2009/08/13/let-krugman-spend-his-money/#comment-5458 Hurray! Someone else with a sensible view of housing. Hurray! Someone else with a sensible view of housing.

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