Bob Shiller, the renowned housing economist cites optimism
Fortune, July 20, 2009
An article written about Bob Shiller-yes, the Bob Shiller that helped create the all important S&P/Case-Shiller home-price index. He stated that in June the figures from the index findings showed, "striking improvement in the rate of decline". Very interesting article basically touting the premise that we should be able to hedge the housing market & it's prices. Essentially betting on an up market and a down market. If you "bet" on a down market and prices go down, your investment gain will offset your home value's loss. On the other hand, if you bet down and prices go up, you lose money on your hedge but your home will be worth more.
Pretty visionary I think, and may be enticing for foreign investors to buy up some of our bad housing debt to get this market moving even quicker.
Interested in the article? Contact me and I'll be more than happy to email you a copy.
