May 30, 2006
No Pop (But No Appreciation?)
While it’s an "old” speech (February ’06), it’s still a good one.
Christopher Thornburg, senior economist at UCLA's Anderson School of Management, offers his perspective on whether the recent cooling trend in residential real estate indicates an imminent bubble burst or just a lull in California's otherwise booming housing market in this edition of the Economics Roundtable at the University of California, San Diego.
Our favorite quote and topic: “People don’t think about fundamentals, they think about trends” (minute 37:08). A couple of other key segments in the 58 minute speech: California real estate (21:11); The bubble (30:15); When is it going to end? (45:15); What does this mean to you? (49:37); The punch line (51:48). (A tip of our hat to the Bubble Meter for the link)
∙ Economics Roundtable: The California Economy -- Housing Boom or Bubble? [Google]
∙ Google Video: "The California Economy: Housing Boom or Bubble?" [Bubble Meter]
First Published: May 30, 2006 11:26 AM
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