Housing Bubble Debate On The Air
Finally, a real housing bubble debate. This link to 'To The Point' has an audio interview with Chris Thornberg of UCLA and a NAR economist, among others. Mr. Thornberg demolishes the flimsy associations 'vague comments.' The RE segment starts just under 8 minutes into the file and is 36 minutes long.
The UCLA Anderson School deserves some credit for challenging the status quo and pointing out the terrible risks the various organizations have created in the economy.