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

To: shades who wrote (38237)	8/17/2005 2:06:17 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Because timing is everything and hindsight is easy. What Shiller should have said is "what are you buying now?" Wanna hear NAR squeal? Level the tax playing field. Forbes suggested it in 1996 and guess what?

To: shades who wrote (38237)	8/17/2005 2:10:32 AM
From: CalculatedRisk	Read Replies (1) \| Respond to of 306849

I didn't see the interview so it has hard to comment on why he didn't correct an error. I'm not sure Shiller is at his best in a debate format, but the guy is well respected by other economists - even those that disagree with him. Besides he has one huge advantage ... he is correct about the housing bubble.

To: shades who wrote (38237)	8/17/2005 7:35:30 AM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 306849

That's because the stock market was a bubble. By definition it's virtually impossible to figure out when a bubble will end, but it's not impossible to know what the consequences will be when it does end as it has played out in history many times. Never before has a Central Bank acted to actually coerce and accelerate a bubble as did our's in the fall of 1998 and then by taking rates down to 1% in 2002 to sustain a housing bubble. Virtually impossible to predict and most likely a once in a lifetime affair.