Educating the Clueless

Even though talk about a housing bubble has been rampant, I can't help but think that the actual number of people that a paying is pretty miniscule. As this story points out, only about a quarter of the people in a recent poll say that they have heard of a housing bubble.

"I guess the gang in question hadn't heard about the poll by the National Association of Realtors. The poll found that only 23% of respondents had heard of a housing bubble, and that lots of people didn't even understand the "bubble" part of the question.

I also have to wonder if your average economist knows of the recent data on homeowner equity, which stands at 56.3%, only a sliver above the lowest level on record."

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