Trapped in the Bubble
Sunday, July 31, 2005
"You often think, 'Geez, I have this huge windfall,' but your neighbors and the people in the building next door have the same windfall," said Christopher J. Mayer, a professor of real estate at the Columbia Business School in New York. "There are a lot of people who want to trade up, so that's really the problem they are facing."
The New York Times
posted by author @ 9:58 PM,
