Maybe no housing rebound for a generation: Shiller

Comments (4)
USAHouses wrote:

I am a Real Estate Broker and have been in Real Estate for many years, yet in recent years have seen many things which confuse me. It baffles me how experts can study the market and share facts like these, but most of the idiots reporting the news simply regurgitate what their foolish peers publish and mislead people time and time again, to the demise of America. We are seeing much of the media’s spin playing out with a failed economy, millions of jobs lost by Obama in the past 40 months, and trillions of dollars given away to his business associates, yet the White House and the media is reporting the jobs market and economy and housing market are improving since Obama has taken over. We have more than $5 trillion in US debt added since Obama was declared by the media to be our President (but the guy isn’t even eligible to be our President) and since that time over 6.5 million jobs have been lost!

Many have lost their savings and credit lines purchasing and maintaining and improving their homes, and then the banks have forced them out illegally, and then the steal their homes and then the government gives the banks more money on top of all that, to further insult Americans and steal from them.

WTF? Where’s The Future? You are right, no improvement in sight.

Thank you Reuter’s for sharing this as the facts are, and not spinning the lies most do. You have stated who this expert is and what his opinion is. You have not made people believe foolish idiot statements like Obama makes telling the world “Republicans want you to have dirtier air, dirtier water, less people with health insurance” etc.

Apr 24, 2012 6:49pm EDT  --  Report as abuse
ckbryant wrote:

Rebound? Why would there be a rebound? House prices are roughly at their long-term trend right now. We would expect them to grow at roughly zero percent, after adjusting for inflation–as they have done for the last hundred and twenty years. Professor Schiller should know that better than anyone. Why would he be talking about a rebound? There was a bubble, it burst, and now this is the world we live in.

Apr 25, 2012 3:08pm EDT  --  Report as abuse
TrueTrue wrote:

“I worry that we might not see a really major turnaround in our lifetimes,” Shiller said.
Is Shiller merely saying ‘no more bubbles’ for a very long while? The New York Times here
http://www.nytimes.com/imagepages/2006/08/26/weekinreview/27leon_graph2.html
wrote:
“Two gains in recent decades were followed by returns to levels consistent since the late 1950s.”
Following the 2006 price peak, we are again down close to “levels consistent since the late 1950s.”. See:
http://homepage.mac.com/ttsmyf/RHandRD.html

How about: “No more bubbles is what we want!”.

Apr 25, 2012 4:38pm EDT  --  Report as abuse
MoveAlong wrote:

Why is Shiller “worried” about no housing recovery. Housing is just about down to it’s long term trend line. Is he a moron? This is good news. Our kids can afford to buy a house.

Apr 29, 2012 7:37pm EDT  --  Report as abuse
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