Let’s Celebrate a Slow appreciation in home prices
Today Money News reported that home sales aren’t going to rebound “in our lifetime.”
Reading on, it sounds as if these folks wish for a return to the boom years, when prices skyrocketed so fast that people were buying in a panic. And of course we all know how that turned out. I don’t think any thinking individual wants that to happen again.
I wrote about it in this Active Rain post, and I hope you’ll go and share your thoughts.
Scholars through the ages have said it’s important to study history in order to learn from it. The idea is that we shouldn’t keep making the same mistakes over and over. We should look back at cause and effect and make wiser choices as a result.
I think Yale economics professor Robert Shiller should take some history lessons. Then he might be glad to see housing prices appreciating at a slow pace once again.