{"id":26443,"date":"2010-12-12T21:06:49","date_gmt":"2010-12-13T05:06:49","guid":{"rendered":"http:\/\/lukeford.net\/blog\/?p=26443"},"modified":"2010-12-12T21:06:49","modified_gmt":"2010-12-13T05:06:49","slug":"the-housing-boom-and-bust","status":"publish","type":"post","link":"https:\/\/lukeford.net\/blog\/?p=26443","title":{"rendered":"The Housing Boom And Bust"},"content":{"rendered":"<p>I&#8217;ve been blogging about mortgage refinance for a couple of years, strongly influenced by my free market economics background at UCLA and by <A HREF=\"http:\/\/www.amazon.com\/Housing-Boom-Bust-Thomas-Sowell\/dp\/0465018807\">this 2009 book by Stanford economist Thomas Sowell<\/a>:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/did-you-hear-about-the-89-square-foot-house\/\" title=\"Did You Hear About The 89-Square Foot House?\">Did You Hear About  The 89-Square Foot House?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/home-prices-fall-more-quickly-in-big-cities\/\" title=\"Home Prices Fall More Quickly In Big Cities\">Home Prices Fall  More Quickly In Big Cities<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/should-banks-stall-foreclosures-while-borrowers-seek-better-deals\/\" title=\"Should Banks Stall Foreclosures While Borrowers Seek Better  Deals?\">Should Banks Stall Foreclosures While Borrowers Seek Better  Deals?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/did-fannie-mae-freddie-mac-contribute-to-the-foreclosure-crisis\/\" title=\"Did Fannie Mae, Freddie Mac Contribute To The Foreclosure  Crisis?\">Did Fannie Mae, Freddie Mac Contribute To The Foreclosure  Crisis?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/foreclosures-account-for-1-in-4-home-sales-in-3rd-quarter\/\" title=\"Foreclosures Account For 1 In 4 Home Sales In 3rd Quarter\">Foreclosures  Account For 1 In 4 Home Sales In 3rd Quarter<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/do-higher-higher-fico-requirements-disproportionately-discriminate-against-african-american-and-latino-borrowers\/\" title=\"Do Higher higher FICO requirements disproportionately  discriminate against African American and Latino borrowers?\">Do Higher  higher FICO requirements disproportionately discriminate against African  American and Latino borrowers?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/bank-of-america-still-ruing-its-purchase-of-countrywide-merrill-lynch\/\" title=\"Bank of America Still Ruing Its Purchase Of Countrywide, Merrill  Lynch\">Bank of America Still Ruing Its Purchase Of Countrywide, Merrill  Lynch<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/in-october-consumer-borrowing-made-its-largest-jump-in-more-than-two-years\/\" title=\"In October, Consumer Borrowing Made Its Largest Jump In More  Than Two Years\">In October, Consumer Borrowing Made Its Largest Jump In  More Than Two Years<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/foreclosed-by-mistake\/\" title=\"Foreclosed By Mistake\">Foreclosed By Mistake<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/bank-pay-off-2-million-to-settle-discrimination-suit\/\" title=\"Bank Pay Off $2 Million To Settle Discrimination Suit\">Bank Pay  Off $2 Million To Settle Discrimination Suit<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/banks-fair-housing-practices\/\" title=\"Banks' Fair-Housing Practices\">Banks&#8217; Fair-Housing Practices<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/bank-complaints-way-up\/\" title=\"Bank Complaints Way Up\">Bank Complaints Way Up<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/trial-lawyers-vs-bankers\/\" title=\"Trial Lawyers Vs Bankers\">Trial Lawyers Vs Bankers<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/waiting-for-lower-mortgage-rates\/\" title=\"Waiting For Lower Mortgage Rates\">Waiting For Lower Mortgage  Rates<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/henry-cisneross-plans-to-help-home-buyers\/\" title=\"Henry Cisneros's Plans To Help Home Buyers\">Henry Cisneros&#8217;s  Plans To Help Home Buyers<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/the-coming-revolution-in-home-financing\/\" title=\"The Coming Revolution In Home Financing\">The Coming Revolution  In Home Financing<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/underwater-borrowers\/\" title=\"Underwater Borrowers\">Underwater Borrowers<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/the-return-of-credit-aka-risky-lending\/\" title=\"The Return Of Credit AKA Risky Lending\">The Return Of Credit AKA  Risky Lending<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/letting-bad-banks-die\/\" title=\"Letting Bad Banks Die\">Letting Bad Banks Die<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/have-you-been-to-a-foreclosure-auction\/\" title=\"Have You Been To A Foreclosure Auction?\">Have You Been To A  Foreclosure Auction?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/lawsuits-over-mortgage-modifications\/\" title=\"Lawsuits Over Mortgage Modifications\">Lawsuits Over Mortgage  Modifications<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/messed-up-foreclosure-papers\/\" title=\"Messed Up Foreclosure Papers\">Messed Up Foreclosure Papers<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/the-new-consumer-financial-protection-bureau\/\" title=\"The New Consumer Financial Protection Bureau\">The New Consumer  Financial Protection Bureau<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/dealing-efficiently-with-foreclosures\/\" title=\"Dealing Efficiently With Foreclosures\">Dealing Efficiently With  Foreclosures<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/californias-foreclosures-jump-19-in-third-quarter\/\" title=\"California's Foreclosures Jump 19% In Third Quarter\">California&#8217;s  Foreclosures Jump 19% In Third Quarter<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/wells-fargo-refiles-55000-foreclosures\/\" title=\"Wells Fargo Refiles 55,000 Foreclosures\">Wells Fargo Refiles  55,000 Foreclosures<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/what-is-a-mortgage-servicer\/\" title=\"What Is A Mortgage Servicer?\">What Is A Mortgage Servicer?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/israels-housing-boom\/\" title=\"Israel's Housing Boom\">Israel&#8217;s Housing Boom<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/mortgage-rates-jumped-in-early-november\/\" title=\"Mortgage Rates Jumped In Early November\">Mortgage Rates Jumped  In Early November<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/lenders-to-monitor-borrowers-over-length-of-a-loan\/\" title=\"Lenders To Monitor Borrowers Over Length Of A Loan\">Lenders To  Monitor Borrowers Over Length Of A Loan<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/12\/thousands-of-condos-lose-fha-funding-eligibility\/\" title=\"Thousands Of Condos Lose FHA Funding Eligibility\">Thousands Of  Condos Lose FHA Funding Eligibility<\/a><\/li>\n<\/ul>\n<h3 class=\"post_list_date\">December 11, 2010<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/11\/the-fair-housing-act\/\" title=\"The Fair Housing Act\">The Fair Housing Act<\/a><\/li>\n<\/ul>\n<h3 class=\"post_list_date\">December 10, 2010<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/californias-simple-foreclosure-process\/\" title=\"California's Simple Foreclosure Process\">California&#8217;s Simple  Foreclosure Process<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/revising-the-fico-score\/\" title=\"Revising The FICO Score\">Revising The FICO Score<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/the-joys-and-oys-of-shared-home-ownership\/\" title=\"The Joys And Oys Of Shared Home Ownership\">The Joys And Oys Of  Shared Home Ownership<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/testing-the-housing-market\/\" title=\"Testing The Housing Market\">Testing The Housing Market<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/fannie-mae-opens-up-centers-to-counsel-distressed-homeowners\/\" title=\"Fannie Mae Opens Up Centers To Counsel Distressed Homeowners\">Fannie  Mae Opens Up Centers To Counsel Distressed Homeowners<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/californias-keep-your-home-plan\/\" title=\"California's Keep Your Home plan\">California&#8217;s Keep Your Home  plan<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/refinance-mortgage-now-2\/\" title=\"Refinance Mortgage Now!\">Refinance Mortgage Now!<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/settlement-urged-for-foreclosure-probe\/\" title=\"Settlement Urged For Foreclosure Probe\">Settlement Urged For  Foreclosure Probe<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/californias-weak-housing-market\/\" title=\"California's Weak Housing Market\">California&#8217;s Weak Housing  Market<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/as-interest-rates-rise-mortgage-applications-fall\/\" title=\"As Interest Rates Rise, Mortgage Applications Fall\">As Interest  Rates Rise, Mortgage Applications Fall<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/home-prices-keep-falling-2\/\" title=\"Home Prices Keep Falling\">Home Prices Keep Falling<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/mortgage-modification\/\" title=\"Mortgage Modification\">Mortgage Modification<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/more-americans-renting\/\" title=\"More Americans Renting\">More Americans Renting<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/realtors-seek-revision-to-fico-score\/\" title=\"Realtors Seek Revision To FICO Score\">Realtors Seek Revision To  FICO Score<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/looming-shadow-inventory-of-over-2-million-homes\/\" title=\"Looming Shadow Inventory Of Over 2 Million Homes\">Looming Shadow  Inventory Of Over 2 Million Homes<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/a-housing-recovery-in-2011\/\" title=\"A Housing Recovery In 2011?\">A Housing Recovery In 2011?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/the-biweekly-mortgage\/\" title=\"The Biweekly Mortgage\">The Biweekly Mortgage<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/credit-card-users-down-by-8-million\/\" title=\"Credit Card Users Down By 8 Million\">Credit Card Users Down By 8  Million<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/how-do-you-rebuild-credit-after-a-foreclosure\/\" title=\"How Do You Rebuild Credit After A Foreclosure?\">How Do You  Rebuild Credit After A Foreclosure?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/las-vegas-ranked-as-fifth-worst-economy-in-the-world\/\" title=\"Las Vegas Ranked As Fifth Worst Economy In The World\">Las Vegas  Ranked As Fifth Worst Economy In The World<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/record-number-of-complaints-about-banks\/\" title=\"Record Number Of Complaints About Banks\">Record Number Of  Complaints About Banks<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/reforming-fannie-freddie\/\" title=\"Reforming Fannie, Freddie\">Reforming Fannie, Freddie<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/a-bank-of-america-refinance-goes-bad\/\" title=\"A Bank Of America Refinance Goes Bad\">A Bank Of America  Refinance Goes Bad<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/mortgage-rates-hit-six-month-high\/\" title=\"Mortgage Rates Hit Six-Month High\">Mortgage Rates Hit Six-Month  High<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/property-owners-demand-lower-taxes\/\" title=\"Property Owners Demand Lower Taxes\">Property Owners Demand Lower  Taxes<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/10\/u-s-home-values-plunge-in-2010\/\" title=\"U.S. Home Values Plunge In 2010\">U.S. Home Values Plunge In 2010<\/a><\/li>\n<\/ul>\n<h3 class=\"post_list_date\">December 9, 2010<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/09\/housing-crunch-arizona-style\/\" title=\"Housing Crunch Arizona Style\">Housing Crunch Arizona Style<\/a><\/li>\n<\/ul>\n<h3 class=\"post_list_date\">December 8, 2010<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/08\/home-prices-fall-2\/\" title=\"Home Prices Fall\">Home Prices Fall<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/08\/interest-rates-go-up-refinancing-goes-down\/\" title=\"Interest Rates Go Up, Refinancing Goes Down\">Interest Rates Go  Up, Refinancing Goes Down<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/08\/bank-of-americas-loan-modification-program\/\" title=\"Bank of America's Loan Modification Program\">Bank of America&#8217;s  Loan Modification Program<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/08\/more-regulations-demanded-for-reverse-mortgages\/\" title=\"More Regulations Demanded For Reverse Mortgages\">More  Regulations Demanded For Reverse Mortgages<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/08\/government-forcing-banks-to-lend\/\" title=\"Government Forcing Banks To Lend\">Government Forcing Banks To  Lend<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2010\/12\/08\/15-million-homes-underwater-in-usa\/\" title=\"15 Million Homes Underwater In USA\">15 Million Homes Underwater  In USA<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;ve been blogging about mortgage refinance for a couple of years, strongly influenced by my free market economics background at UCLA and by this 2009 book by Stanford economist Thomas Sowell: Did You Hear About The 89-Square Foot House? Home &hellip; <a href=\"https:\/\/lukeford.net\/blog\/?p=26443\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[922],"tags":[18223,18191,24500,1492,24499,32745],"class_list":["post-26443","post","type-post","status-publish","format-standard","hentry","category-real-estate","tag-boom-and-bust","tag-economist-thomas-sowell","tag-foreclosure-auction","tag-free-market-economics","tag-henry-cisneros","tag-thomas-sowell"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"I&#039;ve been blogging about mortgage refinance for a couple of years, strongly influenced by my free market economics background at UCLA and by this 2009 book by Stanford economist Thomas Sowell: Did You Hear About The 89-Square Foot House?Home Prices Fall More Quickly In Big CitiesShould Banks Stall Foreclosures While Borrowers Seek Better Deals?Did Fannie\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Luke Ford\"\/>\n\t<meta name=\"google-site-verification\" content=\"HMjuOfLRyzTPB-5Z5FG4BHkfZ1fbEij34rmbKM3BkZ4\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/lukeford.net\/blog\/?p=26443\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Luke Ford - No sacred cows.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"The Housing Boom And Bust - Luke Ford\" \/>\n\t\t<meta property=\"og:description\" content=\"I&#039;ve been blogging about mortgage refinance for a couple of years, strongly influenced by my free market economics background at UCLA and by this 2009 book by Stanford economist Thomas Sowell: Did You Hear About The 89-Square Foot House?Home Prices Fall More Quickly In Big CitiesShould Banks Stall Foreclosures While Borrowers Seek Better Deals?Did Fannie\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/lukeford.net\/blog\/?p=26443\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/lukeford.net\/blog\/wp-content\/uploads\/2026\/02\/lukesanta.jpg\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/lukeford.net\/blog\/wp-content\/uploads\/2026\/02\/lukesanta.jpg\" \/>\n\t\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2010-12-13T05:06:49+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2010-12-13T05:06:49+00:00\" \/>\n\t\t<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/lukecford\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:site\" content=\"@lukeford\" \/>\n\t\t<meta name=\"twitter:title\" content=\"The Housing Boom And Bust - Luke Ford\" \/>\n\t\t<meta name=\"twitter:description\" content=\"I&#039;ve been blogging about mortgage refinance for a couple of years, strongly influenced by my free market economics background at UCLA and by this 2009 book by Stanford economist Thomas Sowell: Did You Hear About The 89-Square Foot House?Home Prices Fall More Quickly In Big CitiesShould Banks Stall Foreclosures While Borrowers Seek Better Deals?Did Fannie\" \/>\n\t\t<meta name=\"twitter:creator\" content=\"@lukeford\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/lukeford.net\/blog\/wp-content\/uploads\/2026\/02\/lukesanta.jpg\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443#blogposting\",\"name\":\"The Housing Boom And Bust - Luke Ford\",\"headline\":\"The Housing Boom And Bust\",\"author\":{\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?author=1#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/#person\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443#articleImage\",\"url\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/wp-content\\\/litespeed\\\/avatar\\\/af8ecf5ef66099147247f500ec429b38.jpg?ver=1781180916\",\"width\":96,\"height\":96,\"caption\":\"Luke Ford\"},\"datePublished\":\"2010-12-12T21:06:49-08:00\",\"dateModified\":\"2010-12-12T21:06:49-08:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443#webpage\"},\"articleSection\":\"Real Estate, boom and bust, economist thomas sowell, foreclosure auction, free market economics, henry cisneros, Thomas Sowell\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/lukeford.net\\\/blog\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?cat=922#listItem\",\"name\":\"Real Estate\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?cat=922#listItem\",\"position\":2,\"name\":\"Real Estate\",\"item\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?cat=922\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443#listItem\",\"name\":\"The Housing Boom And Bust\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443#listItem\",\"position\":3,\"name\":\"The Housing Boom And Bust\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?cat=922#listItem\",\"name\":\"Real Estate\"}}]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/#person\",\"name\":\"Luke Ford\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443#personImage\",\"url\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/wp-content\\\/litespeed\\\/avatar\\\/af8ecf5ef66099147247f500ec429b38.jpg?ver=1781180916\",\"width\":96,\"height\":96,\"caption\":\"Luke Ford\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?author=1#author\",\"url\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?author=1\",\"name\":\"Luke Ford\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443#authorImage\",\"url\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/wp-content\\\/litespeed\\\/avatar\\\/af8ecf5ef66099147247f500ec429b38.jpg?ver=1781180916\",\"width\":96,\"height\":96,\"caption\":\"Luke Ford\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443#webpage\",\"url\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443\",\"name\":\"The Housing Boom And Bust - Luke Ford\",\"description\":\"I've been blogging about mortgage refinance for a couple of years, strongly influenced by my free market economics background at UCLA and by this 2009 book by Stanford economist Thomas Sowell: Did You Hear About The 89-Square Foot House?Home Prices Fall More Quickly In Big CitiesShould Banks Stall Foreclosures While Borrowers Seek Better Deals?Did Fannie\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?p=26443#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?author=1#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/?author=1#author\"},\"datePublished\":\"2010-12-12T21:06:49-08:00\",\"dateModified\":\"2010-12-12T21:06:49-08:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/\",\"name\":\"Luke Ford\",\"alternateName\":\"No Sacred Cows\",\"description\":\"No sacred cows.\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/lukeford.net\\\/blog\\\/#person\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"The Housing Boom And Bust - Luke Ford","description":"I've been blogging about mortgage refinance for a couple of years, strongly influenced by my free market economics background at UCLA and by this 2009 book by Stanford economist Thomas Sowell: Did You Hear About The 89-Square Foot House?Home Prices Fall More Quickly In Big CitiesShould Banks Stall Foreclosures While Borrowers Seek Better Deals?Did Fannie","canonical_url":"https:\/\/lukeford.net\/blog\/?p=26443","robots":"max-image-preview:large","keywords":"","webmasterTools":{"google-site-verification":"HMjuOfLRyzTPB-5Z5FG4BHkfZ1fbEij34rmbKM3BkZ4","miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/lukeford.net\/blog\/?p=26443#blogposting","name":"The Housing Boom And Bust - Luke Ford","headline":"The Housing Boom And Bust","author":{"@id":"https:\/\/lukeford.net\/blog\/?author=1#author"},"publisher":{"@id":"https:\/\/lukeford.net\/blog\/#person"},"image":{"@type":"ImageObject","@id":"https:\/\/lukeford.net\/blog\/?p=26443#articleImage","url":"https:\/\/lukeford.net\/blog\/wp-content\/litespeed\/avatar\/af8ecf5ef66099147247f500ec429b38.jpg?ver=1781180916","width":96,"height":96,"caption":"Luke Ford"},"datePublished":"2010-12-12T21:06:49-08:00","dateModified":"2010-12-12T21:06:49-08:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/lukeford.net\/blog\/?p=26443#webpage"},"isPartOf":{"@id":"https:\/\/lukeford.net\/blog\/?p=26443#webpage"},"articleSection":"Real Estate, boom and bust, economist thomas sowell, foreclosure auction, free market economics, henry cisneros, Thomas Sowell"},{"@type":"BreadcrumbList","@id":"https:\/\/lukeford.net\/blog\/?p=26443#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/lukeford.net\/blog#listItem","position":1,"name":"Home","item":"https:\/\/lukeford.net\/blog","nextItem":{"@type":"ListItem","@id":"https:\/\/lukeford.net\/blog\/?cat=922#listItem","name":"Real Estate"}},{"@type":"ListItem","@id":"https:\/\/lukeford.net\/blog\/?cat=922#listItem","position":2,"name":"Real Estate","item":"https:\/\/lukeford.net\/blog\/?cat=922","nextItem":{"@type":"ListItem","@id":"https:\/\/lukeford.net\/blog\/?p=26443#listItem","name":"The Housing Boom And Bust"},"previousItem":{"@type":"ListItem","@id":"https:\/\/lukeford.net\/blog#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/lukeford.net\/blog\/?p=26443#listItem","position":3,"name":"The Housing Boom And Bust","previousItem":{"@type":"ListItem","@id":"https:\/\/lukeford.net\/blog\/?cat=922#listItem","name":"Real Estate"}}]},{"@type":"Person","@id":"https:\/\/lukeford.net\/blog\/#person","name":"Luke Ford","image":{"@type":"ImageObject","@id":"https:\/\/lukeford.net\/blog\/?p=26443#personImage","url":"https:\/\/lukeford.net\/blog\/wp-content\/litespeed\/avatar\/af8ecf5ef66099147247f500ec429b38.jpg?ver=1781180916","width":96,"height":96,"caption":"Luke Ford"}},{"@type":"Person","@id":"https:\/\/lukeford.net\/blog\/?author=1#author","url":"https:\/\/lukeford.net\/blog\/?author=1","name":"Luke Ford","image":{"@type":"ImageObject","@id":"https:\/\/lukeford.net\/blog\/?p=26443#authorImage","url":"https:\/\/lukeford.net\/blog\/wp-content\/litespeed\/avatar\/af8ecf5ef66099147247f500ec429b38.jpg?ver=1781180916","width":96,"height":96,"caption":"Luke Ford"}},{"@type":"WebPage","@id":"https:\/\/lukeford.net\/blog\/?p=26443#webpage","url":"https:\/\/lukeford.net\/blog\/?p=26443","name":"The Housing Boom And Bust - Luke Ford","description":"I've been blogging about mortgage refinance for a couple of years, strongly influenced by my free market economics background at UCLA and by this 2009 book by Stanford economist Thomas Sowell: Did You Hear About The 89-Square Foot House?Home Prices Fall More Quickly In Big CitiesShould Banks Stall Foreclosures While Borrowers Seek Better Deals?Did Fannie","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/lukeford.net\/blog\/#website"},"breadcrumb":{"@id":"https:\/\/lukeford.net\/blog\/?p=26443#breadcrumblist"},"author":{"@id":"https:\/\/lukeford.net\/blog\/?author=1#author"},"creator":{"@id":"https:\/\/lukeford.net\/blog\/?author=1#author"},"datePublished":"2010-12-12T21:06:49-08:00","dateModified":"2010-12-12T21:06:49-08:00"},{"@type":"WebSite","@id":"https:\/\/lukeford.net\/blog\/#website","url":"https:\/\/lukeford.net\/blog\/","name":"Luke Ford","alternateName":"No Sacred Cows","description":"No sacred cows.","inLanguage":"en-US","publisher":{"@id":"https:\/\/lukeford.net\/blog\/#person"}}]},"og:locale":"en_US","og:site_name":"Luke Ford - No sacred cows.","og:type":"article","og:title":"The Housing Boom And Bust - Luke Ford","og:description":"I've been blogging about mortgage refinance for a couple of years, strongly influenced by my free market economics background at UCLA and by this 2009 book by Stanford economist Thomas Sowell: Did You Hear About The 89-Square Foot House?Home Prices Fall More Quickly In Big CitiesShould Banks Stall Foreclosures While Borrowers Seek Better Deals?Did Fannie","og:url":"https:\/\/lukeford.net\/blog\/?p=26443","og:image":"https:\/\/lukeford.net\/blog\/wp-content\/uploads\/2026\/02\/lukesanta.jpg","og:image:secure_url":"https:\/\/lukeford.net\/blog\/wp-content\/uploads\/2026\/02\/lukesanta.jpg","og:image:width":800,"og:image:height":600,"article:published_time":"2010-12-13T05:06:49+00:00","article:modified_time":"2010-12-13T05:06:49+00:00","article:publisher":"https:\/\/www.facebook.com\/lukecford","twitter:card":"summary_large_image","twitter:site":"@lukeford","twitter:title":"The Housing Boom And Bust - Luke Ford","twitter:description":"I've been blogging about mortgage refinance for a couple of years, strongly influenced by my free market economics background at UCLA and by this 2009 book by Stanford economist Thomas Sowell: Did You Hear About The 89-Square Foot House?Home Prices Fall More Quickly In Big CitiesShould Banks Stall Foreclosures While Borrowers Seek Better Deals?Did Fannie","twitter:creator":"@lukeford","twitter:image":"https:\/\/lukeford.net\/blog\/wp-content\/uploads\/2026\/02\/lukesanta.jpg"},"aioseo_meta_data":{"post_id":"26443","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2023-05-11 06:04:00","updated":"2025-06-04 22:36:18","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/lukeford.net\/blog\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/lukeford.net\/blog\/?cat=922\" title=\"Real Estate\">Real Estate<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tThe Housing Boom And Bust\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/lukeford.net\/blog"},{"label":"Real Estate","link":"https:\/\/lukeford.net\/blog\/?cat=922"},{"label":"The Housing Boom And Bust","link":"https:\/\/lukeford.net\/blog\/?p=26443"}],"_links":{"self":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/26443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26443"}],"version-history":[{"count":1,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/26443\/revisions"}],"predecessor-version":[{"id":26444,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/26443\/revisions\/26444"}],"wp:attachment":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}