Harvard University says the nation's priciest housing markets are not in danger of collapse

[itsrobert]

Report: Housing market headed for 'soft landing'

By: DAVE DOWNEY - Staff Writer

Contrary to growing speculation about the chance that home prices in San Diego and Riverside counties could plummet, a report from Harvard University says the nation's priciest housing markets are not in danger of collapse even though prices have soared many times faster than income in the last several years.

In its 2006 State of the Nation's Housing report, released Tuesday ---- partially paid for by home-builders, Realtors and mortgage bankers ---- Harvard researchers suggest that Southern California's robust economy will insulate home values from a steep decline, and that instead prices will level off and allow incomes to begin to catch up. Industry analysts generally agree, while economists are split on whether the housing market is headed for a decline.

MORE:
http://www.nctimes.com/articles/2006/06/14/news/top_stories/15_04_066_13_06.txt

Whoops, Harvard? Isn't that Obama's Alta Mater?

[Warpy]

1. Maybe he needs a trip to California

and a reality check as to what houses are actually selling for there.

If I had any ambition I'd email him Dr. Housing Bubble's blog. Or maybe the site where the massive losses housing renovators have taken are listed, most of them in California.

"Robust economy," my flabby old ass. The dotcom collapse and subsequent offshoring of IT jobs have hit the state pretty hard. They're still feeling the ripple effect from that one.

[magellan]

2. So Harvard's as adept with the economy as its alumnus, Bush**. n/t

[Adsos Letter]

4. Wasn't * a Yale man?

[Warpy]

8. He was until his daddy bought him an MBA at Harvard

which is something he apparently admitted to in classes where he chewed tobacco and refused to do the work.

[WHEN CRABS ROAR]

3. True! La Jolla home prices are up and selling fast, one to fifty

days on the market, one and a half million and up.

[spag68]

5. 2006

A report completed about that year is a year behind, or did we skip 2007.

[DemocratInSoCal]

6. This Article Is 2 Years Old - Sarcasm Intended?

Is this posted for humorous reference? You do realize it's from June of 2006.

I Love the posts. The guy who wrote the third one, is right on point. The one from Michael D. is HILARIOUS!

Also Love ExHomeowner. He saw it coming!!

I don't know if you posted this mistakenly or not, but Thanks. It was great comic relief, reading what these IDIOTS were predicting 2 years ago. Harvard My Ass!!

[itsrobert]

7. Yes, I thought the date would give it away

I didn't want to be too obvious, however.

[DemocratInSoCal]

9. NAH NAH NAH NAH NAH!!!!!! I CAN'T HEAR YOU!!!!! LA LA LA LA LA!!!!

They're Still not listening, you do realize. The Corporate Whore Media is Still in control of the SPIN.

Do you think they'll be able to keep fooling people until the end of IDIOT'S term? Or is it all going to collapse before then?