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The concerns about a bubble implies those shopping for a new home are wondering if they are walking into a trap. Home prices have soared and no one wants to buy at the top.
Original Article: "With Home Prices Soaring, Shoppers Fear Buying at the Top of a Bubble"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Douglas French is former president of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply, and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.