Robert Shiller’s Grim View on Housing
By Barron Maestro on September 4, 2008
Robert Shiller, Yale professor, remains pessimistic about the future for housing prices and indicated that it wouldn’t be a stretch for home prices to decline more than they did during the Great Depression.
Shiller has a vested interest in establishing prediction markets for home prices, so he is not an unbiased source, but he has a track record of being right in predicting the direction of markets in general.
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