A place for residents of Marin County, CA and others to express their views regarding the real estate bubble and in particular the Marin real estate market
Friday, September 08, 2006
Krugman Video on Housing Bubble -- "This Is Scary"
Check out this video of Paul Krugman (professor of economics at Princeton University) speaking about the housing bubble. In his words, "this is scary". The cool thing about Krugman is that as an academic he is not beholden to anyone... not the Bush Administration, not the media, not politics, not special interests, etc... and so he can call it the way he sees it.
You might also be interested in this book by Krugman. It's an eye-opener. If you don't want to buy it, then consider just reading the introduction; I bet you will want to pick up a copy for yourself after reading it.
The contributors to this site may, from time to time, hold short (or long) positions in mentioned and related companies.