Assess Your Area's Real Estate Bubble
Sunday, August 14, 2005
What's this? This article says that you should go with your gut rather than what professional investors / speculators say.
"When they stop believing, prices fall - and no economist in Washington can get wind of that faster than someone chatting over knockwurst at a neighborhood block party. "Economists looking at the macrodata will be the last to know," said Richard A. Brown, chief economist at the Federal Deposit Insurance Corporation."
NY Times
posted by author @ 10:25 PM,
