Word: gyourko
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...certain market watchers think we might see prices drop an additional 10% to 15% nationally before this thing is over--then spending billions to spur on buyers won't be a magical fix. "To prop up prices above fundamentally justified levels is throwing good money after bad," says Joe Gyourko, professor of real estate and finance at the University of Pennsylvania's Wharton School. Overboosting homeownership helped get us into this mess, after...
...Manhattan Institute, a public policy organization that favors free market solutions to social problems, published the report, which Glaeser co-authored with Joseph Gyourko, a professor of finance and real estate at the University of Pennsylvania...
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