Greenspan: Housing prices reach permanent plateau

[james_bond_3rd]

"Stable prices replacing boom, Greenspan says"
http://www.sun-sentinel.com/business/local/sfl-zhousing20may20,0,1136251.story?track=rss
Is this the sign of the top?

 

[nazzdack]

A top? Sure!......but not if the Fed begins a program of intervening in the overall real estate market.

 

[pepper_john]

Quote from james_bond_3rd:

"Stable prices replacing boom, Greenspan says"
http://www.sun-sentinel.com/business/local/sfl-zhousing20may20,0,1136251.story?track=rss
Is this the sign of the top?

This reminds me of the infamous predication of Professor Fisher about the stock market in 1929, just before the big crash.

 

[McCloud]

Alan Greenspan Demoted to Equity `Bubble Man' From Fed Maestro

http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_gilbert&sid=aMg2Gq9kowvo

 

[Chagi]

Quote from james_bond_3rd:

"Stable prices replacing boom, Greenspan says"
http://www.sun-sentinel.com/business/local/sfl-zhousing20may20,0,1136251.story?track=rss
Is this the sign of the top?

I don't understand all of these cuddly "soft landing" predictions - the market will be the market, and I doubt it will treat home owners tenderly if it does correct downwards.