If you’re interested in the cultural and financial ramifications of the housing bust, this Q&A with Robert Shiller (of Case-Shiller) is absolutely worth a watch.
He notes that we could be in a long Japan-like slump and that we could be in a long period of stagnant or declining home prices, especially for older homes that don’t meet modern standards and expectations.
“Dispersed suburban housing may not do well in decades to come,” he notes at one point. He takes pains to qualify it, but he also seems to think it likely that home prices in America’s suburbs might never rebound.
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