Monday, February 23, 2009

Should the falling home values be stopped?

Here's a quick, insightful jab at the logic of wanting to stop the falling prices of homes. This is the opening line:
"Here's the big problem with almost all the current rhetoric about the housing crisis: It presumes that the goal should be to get house prices rising again. The problem with that idea is that, even after a 25% decline, house prices are still way too high."
(HT:Tim Challies)

1 comment:

  1. Anonymous3:03 PM

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