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Better Now Than Later

In today’s Sunday Business section of the New York Times, Daniel Akst writes an interesting piece in his On The Contrary column called “Pop Goes the Bubble? Maybe It’s Time to Cheer” [1]

The premise is that having housing markets cool now rather than later is much better for nearly all of us. Here’s a few of the points made in the article about the housing market now:

A few problems with the article, (but not the premise)

But as the economist Herbert Stein once dryly observed, if something cannot go on, it will stop.