Feb 8, 2005

Housing article

Minyanville brought this article on housing speculation to my attention today. There has obviously been a ton of stuff written about the housing market and by now I would guess everyone has chosen sides about whether we are in a bubble or not. I just wonder how many people that are buying houses really know how the market is managed by the building / development companies.

At any rate, the influence that the sellers have on price should make everyone question exactly what the risk is in the house. Most people equate price volatility with risk but to do so in this case could be pretty deceptive.

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