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"housing & Bubbles" Podcast


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this week there is an interview with Prof. Shiller of Yale University on housing and bubbles. the "Case-Schiller" index guy, capiche?

unless i misheard it, his big idea (get this) is that to avoid housing bubbles in the future, he suggests that mortgage repayments become variable, i.e. when house prices fall, repayments fall and vice versa.

the interviewer gently suggested that banks might not want to fund this. :blink:

mind you he (schiller) suggested that there won't be a depression.

which is nice. :P

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http://www.econtalk.org

this week there is an interview with Prof. Shiller of Yale University on housing and bubbles. the "Case-Schiller" index guy, capiche?

unless i misheard it, his big idea (get this) is that to avoid housing bubbles in the future, he suggests that mortgage repayments become variable, i.e. when house prices fall, repayments fall and vice versa.

the interviewer gently suggested that banks might not want to fund this. :blink:

mind you he (schiller) suggested that there won't be a depression.

which is nice. :P

Perhaps he has been taking prozac. :P

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