Economist's Corner: The Housing Bubble Myth
Issue: July 2005
By Carl Steidtman, chief economist and director, Consumer Business, Deloitte Research
When you strip away all of the white noise around a housing bubble, what you find is a robust market for housing that is undergoing several profound changes all of which manifest themselves in higher home price indexes, none of which adds up to a housing price bubble.
If that's the wisdom of their chief economist, what does that say about the mental capacity of the line-level flunkie you're paying for advice?