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Non-Tech : Deflation
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To: JF Quinnelly who wrote (263)4/21/2004 11:40:26 AM
From: Ilaine  Read Replies (1) of 621
 
How could you possibly know whether housing prices outside of LA/Southern California are in a bubble?

In court, you couldn't testify to housing prices unless you were 1) a homeowner testifying about the value of your own home or one in your neighborhood; 2) a real estate agent testifying about the value of houses in the neighborhoods you sell; 3) an appraiser testifying about houses after looking at comparable sales of comparable houses.

I realize that this is the Internet, so you aren't being held to the same standards, but it seems very odd to opine about something you know absolutely nothing about. Shouldn't you reserve your opinions to things you know at least a smidgeon about?

I don't ask much. Just a smidgeon.

I agree that interest rates are likely to go higher - not just because Greenspan said it, but because commodity prices are going higher, and mere reversion to the mean predicts it. Eventually, if not sooner.
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