Monday, June 21, 2010

home prices

When Shiller speaks... usually no one wants to listen.

just wish him into the corn field and everything will be alright.



Best case scenario:
"starting in 2011, going up at 2 to 3 percent a year"

Worst case scenario:
"when that (bubble) burst, home prices fell in Japan from 1991 to 2006.... 15 years of decline"

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