Attention everyone: I have fallen for the ViddyHo virus, please do not open any strange links you receive from me. If you have already opened a link and entered your account information, please change your password and security question immediately, and notify anyone you sent a spam message to.
From “Why There Is No Housing Bubble” by Jim Jubak, June 2005:
“It’s just that, for all the teeth-gnashing and pundit-moralizing, we really don’t have a housing bubble that’s anywhere near bursting. Current 10-year interest rates are just too low. And I certainly don’t see interest rates rising enough in the next year or so to burst a bubble, either.”
As of now (February 2009), this guy is still writing for MSN, as “The Web’s No. 1 Investing Columnist” and “Senior Markets Editor”. Why do people still listen to these talking heads regardless of how many times they’re proven wrong?