Sunday, February 27, 2005

Housing Inflation: Bye-Bye Boom

Michael Kinsley's article Bye-Bye, Housing Boom make the case that the run up in housing prices can not be sustained. It also points out that if LA Time, NY Time and Washington Post all agree prices will go up, then troubles ahead. This goes along with the belief that you can tell you are in a bubble when there are not skeptics left.

Now let's start talking about the impact before and after.

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