Robert Shiller's recent essay about "land fever" and "housing bubbles" reminds that us bi-peds with opposable thumbs and a consciousness are prone to excess. Full essay is here. Sensible advice is here:
With rates now relatively low, this could be an auspicious time to buy a house with a fixed-rate mortgage. That could make good sense for people who aren’t out to bet on the housing or mortgage markets but are instead focused on settling into a home for the long term.
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