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Re: microcapfun post# 56845

Sunday, 12/30/2007 11:08:35 PM

Sunday, December 30, 2007 11:08:35 PM

Post# of 257262
>Between global warming and running out of oil & gas, people with big houses are going to eventually get squeezed.<

Moreover, at the risk of sounding like a broken record, I expect colossal houses to go out of fashion. I’m not sure when this will occur, but I’m very sure that it will occur in due course.

Fashion is, IMO, a much, much more consequential factor in the housing market than almost anyone is willing to acknowledge.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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