Shiller On The Housing Situation

“Recent polls show that economic forecasters are largely bullish about the housing market for the next year or two. But one wonders about the basis for such a positive forecast. Momentum may be on the forecasts’ side. But until there is evidence that the fundamental thinking about housing has shifted in an optimistic direction, we cannot trust that momentum to continue.”
Dr. Robert Shiller, Yale University (Case-Shiller Index)

Source: theburningplatform.com

Entire article:
http://theburningplatform.com/blog/2010/08/01/john-paulson-will-be-wrong-this-time-featured-article/#more-4507