A blog dedicated to tracking the continuing decline of housing markets throughout the USA. It is a long slow decline. But, decline it will. The speculative episode was simply unsustainable. With special attention to the Washington, DC area. Please join in the discussion.
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Flashback 2005: Neil Barsky Asks What Housing Bubble?
Posted on July 28, 2008
From July 28, 2005 exactly three years ago today. Neil Barsky, writing in the Wall Street Journal, insisted there was no housing bubble.If you want to be scared out of your wits these days, you basically have two choices: go watch Steven Spielberg's latest, or listen to the hysterical warnings of economists and journalists about the imminent popping of our so-called housing bubble. Robert Shiller, the ubiquitous Yale economist, says home prices could fall 50% from their peak. Taking things a step further, The Economist recently went so far as to call the global housing boom the biggest bubb...
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