That’s a serious claim, and it’s not just anybody claiming it. It’s the stance of Yale economist Robert Shiller, co-creator of the Case-Shiller Home Price Indices.
Shiller says nobody should be surprised if housing prices don’t start climbing before 2012. Read his reasoning why.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
June 10, 2009
Housing prices could stay depressed for years
Labels:
housing bubble,
housing crunch,
housing market
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