Land isn't that scarce and people just don't seem to understand how little housing should and will appreciate long term. These irrational expectations are likely to bite us again and again with more housing bubbles, according to Robert Shiller.

A life-cycle portfolio for personal accounts within Social Security, such as President George Bush has proposed, would adjust risk exposure as a function of the worker's age. This would involve the government in making complex dynamic portfolio decisions for individuals. The conventional rule of...

Robert Shiller looks at over 100 years of data and asks the question every homeowner wants to know: what is the short-term and long-term prognosis for real estate values? The news isn't reassuring, but luckily risk markets are being developed to help people hedge or buy insurance against the...

A life-cycle portfolio for personal accounts within Social Security, such as President George Bush has proposed, would adjust risk exposure as a function of the worker’s age. This would involve the government in making complex dynamic portfolio decisions for individuals. The conventional rule...

Robert Shiller looks at over 100 years of data and asks the question every homeowner wants to know: what is the short-term and long-term prognosis for real estate values? The news isn't reassuring, but luckily risk markets are being developed to help people hedge or buy insurance against the...