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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (38232)	8/17/2005 1:29:27 AM
From: CalculatedRisk	Read Replies (1) \| Respond to of 306849

What does "out of housing" mean? Shiller owns his home and recently (2002) bought a vacation home. "Yale's Shiller Prefers Waterfront Real Estate to U.S. Stocks," declared one Bloomberg News headline that typifies the times. In the story economist Robert Shiller, known for his skeptical views toward stocks, told of having bought a Connecticut vacation home with a view of Long Island Sound. quote.bloomberg.com "I bought a summer home on an island in Long Island Sound in 2002. I worry about a bubble in vacation properties. But we wanted to live there in the summer." money.cnn.com