Yale Sterling Professor and Nobel prize-winning economist Robert Shiller joined Yahoo Finance’s Adam Shapiro and Seana Smith to discuss the housing market and real estate prices.
Boston condo market
Well, all we can say is OMG.
Bloomberg has a story about how there’s a housing bubble threat, not to be confused with an actual housing bubble reality, and how it’s a worrisome development.
Let’s get this straight: After over a year of being in the pandemic, the housing market finally bounces back, stronger in the usual-suspect areas (Boston, San Fran, New York, etc.) than in other usual-suspect areas (Detroit, Cleveland, etc.), but by and large, everyone can agree there’s an honest to God recovery going on overall.
So is a recovery by definition a housing bubble threat? Is a market that’s not contracting automatically a bubble threat? Is any teeny tiny improvement in the market officially classified as a bubble threat?
It’s just ridiculous.
Filed under: Silly
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