Tuesday, August 02, 2005

Old Robert Shiller Article

This is an article from the esteemed real estate bear Robert Shiller. I believe it was written back in April, so some of you might have seen it before.

“The upward momentum of home prices in cities such as Los Angeles, Las Vegas, New York or Boston has seemed so incredibly strong that it has been hard to imagine what could stop it. But we have to exercise our imaginations a little more. The reality is that double-digit price increases cannot go on indefinitely because they would eventually put home prices out of reach of ordinary mortals.”



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