[extropy-chat] Housing bubble looking good

[Damien Sullivan]

On Thu, Mar 09, 2006 at 09:27:23AM -0800, Chris Hibbert wrote:

> I don't know what Hal's reasons were, but the reason it looks good in 
> general for the economy, is as an alternative to the widespread view of 
> the bubble proponents.  The usual intended meaning of the claim that 
> "it's a bubble" is that there's a crash coming.  A crash would be very 
> bad for the economy, so indications that the boom will merely slow or 
> will continue are good news in pointing to non-crash scenarios.

Or it could mean that an inevitable crash is being postponed for yet longer,
to do even more damage when it finally comes.  Cf. Japan.

I have a friend who follows housing blogs; I think he was reporting things
like falling housing sales in California markets.  But I don't have cites to
give.

-xx- Damien X-)