Demographics explaining housing boom

I was looking at this article on Stephen Kirchner's economics blog, it is an interesting article from the Federal Reserve in the US about a model which uses demographics to predict housing demand and hence property booms.

Here are link to the PDF article from the Federal Reserve.

I noticed that the author of the article didn't run the model over Australia or New Zealand. It would be interesting to see what the model predicts for Australia. The other interesting country to model would be China, given the one child policy will affect China's demographics in the future.

I recommend you go read some of the Julian L. Simon's articles, this article is a good example of the idea that people are largely an untapped resource of potential, and there is also the online book "Ultimate Resource"

Have Fun

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