May 23, 2005
Anti-Bubble Theory And The Seven Deadly Sins
In a self-described rant on Inman News, columnist Lou Barnes shares his perspective on the recent explosion of financial press coverage regarding a real estate “bubble”. In Lou’s own words:
There is no evidence whatever that home prices are unsustainable, nor any evidence of widespread default. The bubble is in commentary coming from the financial markets, and the gas inside is envy.
Theories based on lust, greed, pride, gluttony, and anger are sure to follow. But we’re not so sure about sloth...
· 'Envy' fuels real estate bubble talk [Inman]
First Published: May 23, 2005 4:10 PM
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