Wednesday, June 01, 2005
Contributing to the Housing Bubble
As of today, Preethi and I are the proud owners of 20% of this townhouse (we closed today).
Though according to Drezner, this purchase satisfies the two conditions cited by Rosen where I'm not actually contributing to the bubble, so perhaps the title is misleading. (On a more technical note, I think as with all real estate phenomena, the housing bubble is specific to the location, location, location.)
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Though according to Drezner, this purchase satisfies the two conditions cited by Rosen where I'm not actually contributing to the bubble, so perhaps the title is misleading. (On a more technical note, I think as with all real estate phenomena, the housing bubble is specific to the location, location, location.)
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