Showing posts with label buying what you can afford. Show all posts
Showing posts with label buying what you can afford. Show all posts
Tuesday, October 15, 2013
Noble Prize Winner Warns of "Bubbly" Houseing Market . . . Again
An American economist, Robert Shiller (of the Case-Shiller Index), who just won a Noble Prize, again, "expressed alarm at the rapid rise in global housing prices." He blamed the bubble on the U.S. Federal Reserve's $85 billion Treasury purchase per month program known as QE3 and housing market speculation.
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