US heading for house price crash, Greenspan tells buyers - Economics - Times Online
Anybody remember "Irrational Exuberance" and the taking down of the high flying NASDAQ and Growth Stock a few years back? Well, here is part II for Greenspan. Greenspan believes housing prices are too high and is warning about pushing prices higher. Is this the shot heard around America that will result in another crash? Doubtful, but we should heed his advice.