Posts Tagged ‘Robert Schiller’

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    Irrational Expectations

    Jun 13, 11 • 260 Views • No Comments

    Let’s say that you purchased the house in which you now live during 1997 for the average national price, $171,900. With housing prices steadily rising, by 2006, a neighbor’s house would have sold for as much as $317,000. In the NY Times, Nobel...  [read more]