We talk with Michael Kitch, about his article in the New Hampshire Business Review. We discuss the proliferation of short term rentals. How do these affect communities, real estate prices, availability of homes, and owners? In NH, proposed legislation would allow more leeway in managing short term rentals, by allowing the state to preempt local communities in governing how these types of properties are owned and managed. We examine how the newly proposed laws would affect housing stock inventories, ownership patterns (families vs. investors), and community standards.
We talk with Dean Baker, who co-founded CEPR in 1999. His areas of research include housing and macroeconomics, intellectual property, Social Security, Medicare and European labor markets. We talk about the pandemic, and the development and distribution of vaccines. How would the course of the pandemic, and the subsequent economic effects have been different, if the governments had not enforced patent monopoly? If the vaccine had been treated as an open-source product, its cost would have been lower, and the distribution would have been faster. We touch on the subsequent world wide inflation caused in the interruptions as a consequence of the pandemic’s spread.