Another Real Estate Bubble Prediction

by Steve Crossland, REALTOR in Austin TX on August 24, 2005

Robert J. Shiller is arguing that the housing craze is another bubble destined to end badly, just as every other real-estate boom on record has.

Lately, most of the news I read, hear and see about the Austin economy and Austin real estate market is positive. I write about and quote this information here online whenever I get the chance. I did however just come across an article that warns of a 40% drop in real estate prices in the U.S., combined with a decade long recession. Wow! Of course, it’s just one man’s opinion, but I like reading warnings like this just as much as I enjoy hearing the good news. It helps provide perspective.

Read the Story here

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