Monday, December 12, 2005

Barron's: There is No Real Estate Bubble: "Perhaps the most interesting article in this weekend's Barron's was an article by two contrarian investors. They argue (among other things) that there is no real estate bubble. They make this poinut by saying that if you use a non-governmental inflation measure—such as the increase in the value of precious metals—and adjust property values..." —Daily Dose of Optimism