RJA #14: Annotated Bibliography, Part 2

Bartlett, Bruce. “Who saw the housing bubble coming?” Forbes. 02 January 2009. Web. 11

November 2009.

This article is about the predictions that were made before the housing market crashed. It notes which people predicted the housing bubble to burst. It also notes that not many people were listening when the economists and financial analysts were predicting the housing bubble to burst. It also summarizes how the bubble inflated and also how it burst by everyone believing housing prices would only get higher and higher. It also talks about the trend in the housing market that had everyone buying property as investments, because numerous people were profiting from doing this. This article was very helpful to back up my argument.

Case, Karl E., and Robert J. Shiller. “Is there a bubble in the housing market?” Brookings papers

on Economic Activity. No.2 (2003): Web. 20 November 2009.

This Journal article was very informative on the basic information on what a bubble is. It also went into detail about the housing bubble that was happening in the United States. It touches on the inflation problem with the housing prices and also the increase in home ownership and investment. It also informs on how bubbles get inflated with peoples expectations of housing prices to rise. This article was helpful in explaining the housing bubble for my paper.

Catts, Tim “FDIC’s troubled bank list grows to 305”. Daily Finance. 27 May 2009. Web.

19 November 2009.

This article is about how the banks fell and fell hard after the housing bubble burst. It is an article about how the many banks that were in "trouble" due to defaults on home mortgages and the economy overall. I used this article for my argument in my paper. My argument that banks were not at fault in the housing market crash, and that if anything banks suffered just as much as homeowners and investors.

Dubner, Stephen J. “John Steele Gordon on the Financial Mess: Greed, Stupidity, Delusion-and

some more Greed”. Nytimes.com. 22 September 2008. Web. 15 October 2009

This article is from the New York times and is by John Steele Gordon, a specialist in financial and business history. He goes into detail about how the financial mess happened. He talks about everyones greed in the housing boom, but especially the corrupt relationship between congress and Fannie Mae and Freddie Mac. He also talks about the delusion everyone had about the housing prices and the bubble. This was a very helpful article on my stance of greed being a major cause of the housing market crash.

“Equity”. Investopedia. 1999-2005. Web. 20 November 2009.

This was an encyclopedia online on investment jargon. It gave a clear definition of equity in terms that would help any reader to understand what equity was. I used this so that the readers would understand what equity was so that I could go into depth about the problems with equity and the housing market and what role it played.

Kearl, J. R. “Inflation, Mortgages, and Housing”. Journal of Political Economy. Vol. 87 No. 5

Pt. 1 (1979): 1115-1138. Print.

This was a Journal on inflation and housing. I used this Journal article because it was informative on the inflation and the impact it has on the housing market. I used this for my argument on inflation being another cause of the housing market crash. This is a Journal article that explains the basics of inflation and housing. I used it to show how inflation played a part in the housing market crash.