Anybody open to the idea of yet another housing crisis? Yes? No? How about yet another trend with unspecified “implications for our economy, society and politics”?
Quick! Name one economist!
“Uh, Robert Shiller. I liked Irrational Exuberance. Well, I didn’t read it, but I heard about it. It’s great! He’s a genius! Everybody says so!”
Stronger Hiring Boosts Outlook for US Home Sales, say the teasers for Reuters’ latest poll of 29 “investors and economists”, or maybe they were just “economists”, or maybe they were just “property analysts”–all these descriptions appear in the article, and I have to think that an investor is different from an economist is different from a property analyst. But anyway, we know that Reuters asked 29 people, none of whom were me. How about you?
The takeaway from Trulia’s June “Bubble Watch” is that we’re nowhere near a real estate bubble, thank goodness, except in a frothy nineteen of the one hundred largest US metros. It probably won’t surprise you to learn that eight of those “overvalued” large metros are right here in California.
There’s something different about Robert Shiller these days.
It’s 14-hundred-and-92, and here’s the latest scientific thinking: the world is flat. Sail far enough and you fall off. Don’t listen to that crazy Chris Columbus!
It’s 2013, and here’s the latest scientific thinking: sellers, overprice your home for best results. Don’t listen to those crazy “realtors”!
This just in! Buying a short sale can be a hassle!
This just in! Germany surrenders!