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> housing is not in a bubble Correct. The value of the dollar is dropping, and seems unlikely to recover. If anything, we should be measuring the value of the
by jl2718 6y ago
> housing is not in a bubble
Correct. The value of the dollar is dropping, and seems unlikely to recover. If anything, we should be measuring the value of the dollar against the cost of housing, not the other way around.
The authors exclusion of this most obvious economic factor raises my suspicions of an agenda.