Thursday, August 25, 2005

Yes Virginia, There Is A Housing Bubble

Yes Virginia, There Is A Housing Bubble

Just when you thought the housing bubble bubble had burst, here's another piece from Robert Shiller.

I had a discussion of this with my friend Michele at lunch. She argued that the presence of so many Google millionaires would exempt the Bay Area from the need to conform with reality. I'm not so sure.

As the old saying goes, what goes up, must come down.

1 comment:

Justin K said...

First Google rejuvenated the Internet economy, then with its IPO turned around a lackluster stock market... and now Google is saving the Bay Area's housing market?

That is trully impressive!