No real estate bubble?
Very interesting article in the
Times today -
Times today -
“Those
who postulate a nationwide collapse in home prices comparable to the drop in
tech stocks claim interest rates will soar because the dollar will fall. Or
(quite inconsistently) they say interest rates must rise to keep the dollar from
falling. Or they say foreigners will “demand” higher interest rates (try
demanding a higher interest rate from your local bank).”
