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That means he was at least partly if not mostly wrong. I don't agree. You'd have to look at his reasons for calling it the way he did. Your "betting" objectio

by gruseom 13y ago

That means he was at least partly if not mostly wrong. I don't agree. You'd have to look at his reasons for calling it the way he did. Your "betting" objection is a red herring. To identify a bubble does not require predicting exactly when it will pop.

clarky07 13y ago
Look at my comment above. Prices weren't even close to bubble levels. They were lower than anything we've seen post crash. Also I was clearly not talking about "betting" but rather investing. It's just not useful for someone to say something is happening far before it actually is happening. Perhaps he could have said the conditions are right for a bubble to start in the near future. In which case the correct play would be to make a lot of money in housing in 2002. There was no bubble then though. http://us.spindices.com/indices/real-estate/sp-case-shiller-us-national-home-price-index http://us.spindices.com/indices/real-estate/sp-case-shiller-...