tag:blogger.com,1999:blog-5404820640426099135.post8786427738836674007..comments2023-10-31T00:46:35.316+13:00Comments on Anti-Dismal: Price discrimination in the housing marketPaul Walkerhttp://www.blogger.com/profile/13731003529546075700noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5404820640426099135.post-5439821642097924112012-05-15T12:37:57.821+12:002012-05-15T12:37:57.821+12:00My first thought would have been bargaining intens...My first thought would have been bargaining intensity, but that should be captured in salaries. Hunh.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-5404820640426099135.post-44964849059191760722012-05-15T08:25:12.456+12:002012-05-15T08:25:12.456+12:00Tim. I assume what they are saying is that for a g...Tim. I assume what they are saying is that for a given demand, a never area, blacks and Hispanics still pay more.Paul Walkerhttps://www.blogger.com/profile/13731003529546075700noreply@blogger.comtag:blogger.com,1999:blog-5404820640426099135.post-40539892919467087342012-05-15T07:53:05.793+12:002012-05-15T07:53:05.793+12:00"So black and Hispanic homebuyers pay premium..."So black and Hispanic homebuyers pay premiums of around 3 percent but this isn't due to variation in buyer income, wealth, access to credit or racial prejudice on the part of sellers. We are running out of obvious reasons."<br /><br />Eh?<br /><br />I'd run with either asymmetry of information (ie, what is the correct price in one area?) or possibly even good old fashioned demand. Having seen the US black ghetto I can imagine those capable of getting out being willing to pay a premium to do so.Tim Worstallhttps://www.blogger.com/profile/13161727860817121071noreply@blogger.com