Pickle Real Estate

Reading Between the Head-Lines

Mortgage Meltdown, More Pain To Come

2009-05-31  Mish’s Global Economic Blog

Yale University economist Robert Shiller has often dazzled audiences with a chart showing home prices from 1890 to present. Someone even used Mr. Shiller’s chart to make a YouTube video that puts its viewer on a roller-coaster ride over peaks and valleys in home pricing. It’s a bumpy ride.

Now another economist, Thomas Lawler, says Prof. Shiller’s chart is “bogus.” Mr. Lawler says Mr. Shiller cobbled together data that are inconsistent and sometimes unreliable. Mr. Shiller defends his work and accuses Mr. Lawler of making “wild allegations.”

mm1

Full Analysis Here

June 2, 2009 - Posted by picklerealestate | Banking, Foreclosure, Real Estate, Stats | | 1 Comment

1 Comment »

  1. very easy to understand from the graphical presentation………..
    Boise real estate

    Comment by SASIREKHA | July 17, 2009 | Reply


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