Blogs enable open dialogue on bubble debate
Thursday, February 15th, 2007Name: Patrick Veling
Work: Real estate industry analyst and consultant, founder and president of Data Strategies Inc., Brea, Calif. Veling reads several bubble-related blogs and participates in the bubble discussion.
Q: What makes you a real estate bubble believer, a bubble debunker, or bubble neutral?
A: I am bubble neutral because there are too many social and economic variables in the housing market. Supply is easy to quantify but the demand component is not. Demand rises and falls with prospects for appreciation or depreciation, mortgage rates, societal and demographic shifts. People have lost money in the recent run-up and will make money in the worst of markets.




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