A Slow Leak Is Better Than A Pop

Gradual home price drop good: Yale’s Shiller

“We can’t have millions of low-income people be thrown on the streets because of some financial dealings. That would be disastrous to our sense of fairness and cause damage for years to come.”

Years of double-digit price gains put homes out of the reach of many consumers, and a correction is necessary.

“In major cities, we see often the service people can’t live there any more, the firemen, school teachers. This is not the way we want our society. We want affordable housing,” he said.

A little over a month ago he was preaching outright doom.

He seems to have modulated his tone.

Explore posts in the same categories: C.O.A.T. - Money

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: