Battlepanda: "There was no housing bubble"


Always trying to figure things out with the minimum of bullshit and the maximum of belligerence.

Thursday, February 14, 2008

"There was no housing bubble"

...So claims Alex Tabarrok.

His claim seems to based on two points:

(1) House prices have not dropped down to anywhere near the historical average.

(2) Alex does not think the house price will drop down to anywhere near the historical average.

I agree with the first, and the second is kinda hard to refute since it's just what he thinks. I think he's a mighty brave man for making such a bold prediction in the age of the internets and searchable archives.

Is there an easy way for me to remind myself to review his predictions in 2010?

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