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Housing Prices: Why Greenspan Is Right About Real Estate Investments
I’ve disagreed with some of the things that former Fed Chairman Alan Greenspan has said and done over the years.
But what he said last week – that falling housing prices in America are “nowhere near the bottom” – you can take to the bank.
This may surprise some, especially since the national media just reported the single largest year-over-year drop in U.S. housing prices, May’s record 15.8% plunge.
But over the past several months, I’ve spent time looking at residential housing prices in cities large and small. I’ve been to areas that have held up relatively well, like Dallas, TX and Asheville,…
6Aug2008 | Investment U | Comments Off | Continued
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