Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 13, 2021

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Wed Jan 22 13:08:20 +0000 2020

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Paul Krugman @paulkrugman

I guess this could be true for Britain. But it's absolutely not true for the US, where there has been huge divergence between metro areas that all face the same interest rates. Real house prices in SF and Atlanta 2/ https://t.co/uepKYxSOan — PolitiTweet.org

Posted Jan. 22, 2020 Hibernated

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Paul Krugman @paulkrugman

Totally off topic and self-indulgent. But to my surprise I find myself disagreeing with Simon Wren-Lewis, who argues that high housing prices are all about low interest rates and that supply constraints aren't important 1/ https://t.co/wiNIgxjkJo — PolitiTweet.org

Posted Jan. 22, 2020 Hibernated

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Paul Krugman @paulkrugman

The difference is that housing supply in the Bay Area is constrained, partly by geography but mainly by NIMBYism, while Atlanta has highly elastic supply. Hard to see why similar issues wouldn't apply in the UK 3/ — PolitiTweet.org

Posted Jan. 22, 2020 Hibernated