Your House Is Worth Less? Good
August 27th, 2007http://www.time.com/time/magazine/article/0,9171,1655723,00.html
Commentary
Your House Is Worth Less? Good
Thursday, Aug. 23, 2007 By MICHAL KINSLEY
The last time we had this feeling of financial vertigo was when the Internet bubble popped seven years ago. But this is much worse: the value of our homes is collapsing. For generations, rising home prices have been central to our general sense of well-being.
So why is the real estate collapse a good thing? First, because the collapse of any financial bubble can be interpreted as a morality play: greed gets its comeuppance.
