While Poor and Lower Income Taxpayers Are Forced to Subsidize the Lifestyle of Well- To-Do Elites, Evidence in The Current Research Suggested No Reliable Data Have Ever Existed for Scientific Analysis That Suggested Pollution or Manmade Contribution to Climate Change: Presenting Eddison Walters Climate Change Research Deception and Misinformation Theory
See link to research publication here: https://eajournals.org/ijdes/wp-content/uploads/sites/50/2023/05/WHILEP1.pdf
The 3 Decades Global Financial Policy Failure In Housing Market, Runaway Home Prices, Today’s Growing Homeless Crisis: Eddison Walters Real Estate Housing Technology Structural Change Transformational Theory
#NobelPrizeEconomics
Failure to address technological-driven structural changes in the real estate market that began three decades ago has caused runaway home prices that developed countries are experiencing today. The real estate crash that preceded the Global Financial Crisis, and the entire Global Financial Crisis resulted from the panic that was created about the rapid increase in home prices that was falsely labeled a real estate bubble by the media which was quickly adapted by policymakers. Policymakers and the media blamed greedy mortgage brokers for the rapid increase in home prices, accusing mortgage brokers of providing mortgages to too many people for homes that the borrowers could not afford. It turns out that the media and policymakers were completely wrong when mortgage brokers were falsely blamed for creating a real estate bubble because a real estate bubble never existed. The true cause of the rapid increase in home prices was the early stages of a real estate boom from technological-driven structural changes in the real estate market. Failure to address structural changes in the real estate housing market which started three decades ago, has resulted in runaway home prices in the United States and developed countries around the world. As a result of the failure widespread economic hardship from homelessness is a significant risk as working families find themselves priced out of the housing market. Three decades of economic policy failures and the mismanagement of the housing sector have resulted in a looming housing crisis that continues to increase as developed countries face runaway home prices. Policymakers throughout developed countries eagerly accepted the media-driven misinformation of a real estate bubble without any evidence presented supporting the narrative. The failure of policymakers to gain an understanding of factors that have been driving the rapid increase in home prices which began three decades ago, resulted in the real estate crash, Global Financial Crisis, and Great Recession. Much of the economic hardship and the looming housing crisis facing working families today could have been avoided. For many working American families, the prospect of home ownership no longer exists due to skyrocketing home prices. The looming homeless crisis facing the developed world today is the direct result of economic policy failures that have ignored the structural changes in the housing market for three decades. The move from print media real estate listings to online real estate listings and the adaptation of online mortgage loan applications along with automated mortgage underwriting between 1995 and 1999, exponentially increased the quantity of inventory needed in the housing market of developed countries. The shift in the demand curve for housing structurally changed the housing market in developed countries resulting in the complete transformation that saw the demand for housing skyrocket by 2000. New homebuyers who previously only had access to local housing markets before the transformation of the housing market began in 1995, had full access to homes listed anywhere online in other real estate markets by the end of 1999. The increased demand caused the rapid growth in home prices. Failure to implement policies to drastically increase home inventory in developed countries to address the structural transformation of the housing market which drastically increased the demand for homes was a significant economic policy failure. Instead of implementing policies to significantly increase home inventory, new construction was idle for over a decade as policymakers adopted the media-driven misinformation of a real estate bubble and supported policies to address the nonexistent real estate bubble.
Keywords: Eddison Walters Real Estate Housing Technology Structural Change Transformational Theory, Eddison Walters Risk Expectation Theory, Global Financial Crisis
Dr Walters peer reviewed research publications are are not funded by any organization. 100% of his work has been self-funded. Your support and contributions will enable the work to continue the mission to filter out the politicization of data analysis and del research publications based on facts, data and statistic.
Walters and Djokic Quantitative Analysis Factor Distortion Theory: Addressing Challenges to Validity and Reliability in Scientific Research, Examples of Junk Science Research on Climates Change, COVID-19, the United States Real Estate Market and Global Financial Crisis of 2007 and 2008: https://www.eajournals.org/wp-content/uploads/Walters-and-Djokic-Quantitative-Analysis-Factor-Distortion-Theory.pdf
Skyrocketing Home Prices, The Global Economic Risk, False Real Estate Bubble, Attack on Capitalism, COVID-19 Misinformation: The Destruction of Subprime Mortgage Lending, Sidelined New Construct, Global Financial Crisis Fallout: https://search.informit.org/doi/pdf/10.3316/informit.473309068337114
Growth in Home Purchase Price Preceding Crisis Explained by Technology Advancement: Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008 Confirmed: http://jibe-net.com/journals/jibe/Vol_7_No_2_December_2019/15.pdf
No Real Estate Bubble Preceding Global Financial Crisis: Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008: http://jibe-net.com/journals/jibe/Vol_7_No_2_December_2019/1.pdf
Impact of Advancement in Technology, False Conclusion of Real Estate Bubble, Record Low Mortgage Delinquency, Irresponsible Media, U.S. Economic Policy Disaster: Evidence Supporting Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008: https://www.researchgate.net/profile/Eddison-Walters-2/publication/342394206_Impact_of_Advancement_in_Technology_False_Conclusion_of_Real_Estate_Bubble_Record_Low_Mortgage_Delinquency_Irresponsible_Media_US_Economic_Policy_Disaster_Evidence_Supporting_Eddison_Walters_Risk_Expe/links/5f02fd94a6fdcc4ca44ea040/Impact-of-Advancement-in-Technology-False-Conclusion-of-Real-Estate-Bubble-Record-Low-Mortgage-Delinquency-Irresponsible-Media-US-Economic-Policy-Disaster-Evidence-Supporting-Eddison-Walters-Risk.pdf
Increase in Consumer Debt Preceding Crisis Due to Advancement in Technology, Further Evidence Supporting the Idea No Real Estate Bubble Existed Preceding Crisis Presented by Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008: The Case for Eddison Walters Modern Economic Analysis Theory: https://www.researchgate.net/profile/Eddison-Walters-2/publication/343795876_Increase_in_Consumer_Debt_Preceding_Crisis_Due_to_Advancement_in_Technology_Further_Evidence_Supporting_the_Idea_No_Real_Estate_Bubble_Existed_Preceding_Crisis_Presented_by_Eddison_Walters_Risk_Expect/links/5f9c0be6458515b7cfa9755e/Increase-in-Consumer-Debt-Preceding-Crisis-Due-to-Advancement-in-Technology-Further-Evidence-Supporting-the-Idea-No-Real-Estate-Bubble-Existed-Preceding-Crisis-Presented-by-Eddison-Walters-Risk-Expec.pdf
Eddison Walters Modern Economic Analysis Theory: Building on the Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008: https://www.researchgate.net/profile/Eddison-Walters-2/publication/339032063_Eddison_Walters_Modern_Economic_Analysis_Theory_Building_on_Eddison_Walters_Risk_Expectation_Theory_of_The_Global_Financial_Crisis_of_2007_and_2008/links/5f02fbb892851c52d619ea2e/Eddison-Walters-Modern-Economic-Analysis-Theory-Building-on-Eddison-Walters-Risk-Expectation-Theory-of-The-Global-Financial-Crisis-of-2007-and-2008.pdf
Evidence From Data Analysis, Fifteen Developed Countries and the United States Home Prices Increase Between 1990 to 2006 Result of Advancement In Technology, Worldwide Economic Collapse and Great Recession Result of False Information by Media and Economic Policy Failures: Walters Real Estate Bubble Impossibility Price Transparency Theory, Real Estate Bubble Is Impossible, An End to Economic Policies Based on False Information:https://www.ccsenet.org/journal/index.php/ibr/article/view/0/44025
George Williams Show 3-14-23 Dr. Eddison Walters and mortgages vs. banks as source: https://audioboom.com/posts/8264078-george-williams-show-3-14-23-dr-eddison-walters-and-mortgages-vs-banks-as-source
George Williams Show 7-26-2022 Dr. Eddison Walters Prediction of A Coming Financial Crisis: https://audioboom.com/posts/8127934-george-williams-show-7-26-22
Dr. Eddison Walters predictions of a coming housing and financial crisis in 2022: https://omny.fm/shows/the-carl-nelson-show/professor-ray-winbush-the-duke-of-earl-gene-chandl
Dr Walters the leading experts in the world on the factors that led to the Global Financial Crisis of 2007 and 2008 and The Great Recession. Dr Walters research have also focused on the looming homeless crisis facing the country today, the state of the real estate market today, and the risk exposure of a future worldwide financial crisis.
Dr Walters the leading experts in the world on the factors that led to the Global Financial Crisis of 2007 and 2008 and The Great Recession. Dr Walters research have also focused on the looming homeless crisis facing the country today, the state of the real estate market today, and the risk exposure of a future worldwide financial crisis. Dr Walters is also of the leading experts in the world on the subject of quantitative research methods with many financial and quantitative analysis theories credited to him. After being suspended from Twitter for several years and his recent LinkedIn account suspension for post about his scientific research publications, Dr Walters launched this platform to share his research publication.
Dr Walters was born in the country of Trinidad and Tobago. As a young child his family migrated to the town of Christiansted in the United States Virgin Islands where he began his education. Dr became fascinated with the founding-father Alexander Hamilton who also migrated to Christiansted as a young child. The idea of the American Dream was instilled into Dr Walters at an early age. After graduating from high school, Dr migrated to Tuscaloosa Alabama. Dr Walters completed his undergraduate in Business Administration at the University of Alabama where the value and tradition further helped develop his character. Dr. Walters felt and obligation to give back to the community so his very first job after graduating from the University of Alabama was an unpaid job helping develop a community development loan fund focused on economic development in an economic distressed part of the state called The Blackbelt. While working with business at the community development loan fund Dr Walters realized self-employment taxes was a significant challenge for small business that hindered the access to capital. Dr Walters desire to help small business led him to become a mortgage broker where he provided access to capital to many small business. Subprime mortgages was one of the tools used by DrWalters that helped provide access to capital for many small business owners. The narrative of the real estate crash and the Global Financial Crisis that followed seemed strange to Dr Walters so he felt and obligation to do something to uncover the truth. In 2010 Dr Walters decided to abandon his person goals and take on the challenge of understanding the true cause of the real estate crash and Global Financial Crisis. The first step in the process was to return to school for his MBA. In 2011 Dr Graduated from Salem University with his MBA in International Business then immediately started work on his doctorate degree at Keiser University where he obtained in doctorate as a result of his research on the Global Financial Crisis of 2007 and 2008.
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