Roberto G. Quercia: Exposing the Myth of Irrational Exuberance
Posted by: in Home Mortgage Online, tags: Alan Greenspan, Appraisers, Belief, Boom, Excerpt, Expression, Foreclosure, Government Regulators, House Price, Incantation, Investors, Irrational Exuberance, Lenders, Market Participants, Myth, Price Appreciation, Psychology, Random, Real Estate AgentsRandom Feed wrote an interesting post today on
Here’s a quick excerpt
Much has been written about the causes of the foreclosure crisis. Blame has been placed on everyone from irresponsible homeowners to greedy real estate agents, appraisers, and lenders, to sloppy investors, to apathetic government regulators. Others have blamed a “boom psychology”, contending that market participants got carried away by a collective and irrational belief in never-ending house price appreciation. This view is the most recent incantation of Alan Greenspan’s now famous expression, “
Read the rest of this great post here


















Entries (RSS)