2. The Interwar Housing Cycle in the Light of 2001–2012: A Comparative Historical Perspective

Chapters in this book

1. Frontmatter i
2. Relation of the Directors to the Work and Publications of the National Bureau of Economic Research vi
3. Contents vii
4. Acknowledgments ix
5. Introduction 1
6. 1. A Historiography of Early NBER Housing and Mortgage Research 15
7. I. Housing and the Interwar Business Cycles
8. 2. The Interwar Housing Cycle in the Light of 2001–2012: A Comparative Historical Perspective 39
9. 3. Consumption and Investment Booms in the 1920s and Their Collapse in 1930 81
10. 4. Lessons from the Great American Real Estate Boom and Bust of the 1920s 115
11. II. A Closer Look at the Interwar Housing Crisis
12. 5. The 1920s American Real Estate Boom and the Downturn of the Great Depression: Evidence from City Cross- Sections 161
13. 6. New Multicity Estimates of the Changes in Home Values, 1920–1940 203
14. 7. The Prolonged Resolution of Troubled Real Estate Lenders during the 1930s 245
15. III. Securitization in Earlier Times
16. 8. Dutch Securities for American Land Speculation in the Late Eighteenth Century 287
17. 9. Lending to Lemons: Landschaft Credit in Eighteenth- Century Prussia 305
18. IV. Postwar Housing Policies
19. 10. The Twentieth- Century Increase in US Home Ownership: Facts and Hypotheses 329
20. 11. Did Housing Policies Cause the Postwar Boom in Home Ownership? 351
21. Contributors 387
22. Author Index 389
23. Subject Index 393