Rising Home Prices Aren't 'Bubble Mentality,' Shiller Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 22 June 2017
⏱️ 35 minutes
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| 0:00.0 | Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it. |
| 0:07.0 | I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and |
| 0:15.5 | I'm going to explore the lessons we can learn when creativity and ambition collide |
| 0:20.7 | with competition and power. Listen to Crash Course every Tuesday. collide with |
| 0:26.7 | crash course every Tuesday on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. |
| 0:30.3 | Brought to you by Bank of America, Merrill Lynch M. L. A. Merelinch. With virtual reality, virtually everything will change. |
| 0:36.7 | Discover opportunities in a transforming world, B of A.M.com. slash VR. Merrill Lynch, M.L.com slash VR, Merrill Lynch, Pierce, Fenner, and Smith, Incorporated. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. Daily we bring you insight from the best of economics. |
| 1:05.0 | Finance investment and international relations. |
| 1:08.0 | Find Bloomberg surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course on the Bloomberg. |
| 1:19.5 | David Gura with Tom Keenan an increasingly crowded Bloomberg 1130. |
| 1:23.3 | This is wonderful in the same studio or two of the great experts on American housing. |
| 1:28.8 | Robert Schiller of Yale University gets his dose of hate mail. |
| 1:32.1 | Peter Wallison does this well, formerly |
| 1:34.2 | with President Reagan. |
| 1:35.7 | A lot of people criticize him for the book, |
| 1:38.3 | Hidden in Plain Sight, which speaks |
| 1:40.0 | about lousy government policy, getting to housing. |
| 1:43.4 | The key insight is L.B.J. |
| 1:46.4 | We all owned a certain amount of houses. |
| 1:49.1 | Then we had a policy prescription of 40 or 45 years. That blew and am I right we're back to the time |
| 1:55.8 | of L.B.J. |
| 1:57.1 | We are back to where we were before the 1990s with about 64% home ownership rate in the United States. |
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