Tuesday, June 29, 2004
Housing Bubble?
--Jay at 12:08 PM--
Arnold Kling says unlikely, and has an explanation of why, ending with five points of good financial advice (skip down to them even if the economic details earlier in the article bore you). He believes the bubble is more likely in the bond market, and explains things like the difference between real and nominal interest rates.
Perhaps my feeling that there is a bubble, at least regionally, has less to do with sound economics than with personalizing the absurd notion that I will ever manage to handle payments on the order of $2000 a month.
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