gasket37 Posted September 15, 2008 Report Share Posted September 15, 2008 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. mind you he (schiller) suggested that there won't be a depression. which is nice. Quote Link to post Share on other sites
1929crash Posted September 18, 2008 Report Share Posted September 18, 2008 http://www.econtalk.orgthis 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. mind you he (schiller) suggested that there won't be a depression. which is nice. Perhaps he has been taking prozac. Quote Link to post Share on other sites
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