Summary

Land isn't that scarce and people just don't seem to understand how little housing should and will appreciate long term. These irrational expectations are likely to bite us again and again with more housing bubbles, according to Robert Shiller.

Recommended Citation

Shiller, Robert J. (2009) "Unlearned Lessons from the Housing Bubble," The Economists' Voice: Vol. 6 : Iss. 7, Article 6.
DOI: 10.2202/1553-3832.1616
Available at: http://www.bepress.com/ev/vol6/iss7/art6