ContractsProf Blog

Editor: D. A. Jeremy Telman
Valparaiso Univ. Law School

Monday, May 30, 2005

No, there's no housing bubble

From this week's issue of Fortune, thirty-something investor Debbie Smith, whose entire net worth is tied up in 20 real estate properties, all highly leveraged and with borrowed down payments, on market risk:

"It's a risk, but I really feel like it's a lot less risky than the stock market.  Even if it does crash, it's not like it's worth nothing--like a stock, where the value can go all the way to zero."

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