2min chapter

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Housing Bubble Week: Housing Bubbles As Availability Cascades - Timur Kuran

The Joe Walker Podcast

CHAPTER

Shorting the Market: A Counter-Argument

You can have, you mean shorting the market just in a sort of colloquial sense. Yes, and I would go further than that and say that you wouldn't expect the market to follow a random walk if there are availability entrepreneurs who are deliberately trying to affect it. Now having said that, let me immediately offer a counter-argument to that. And the counter-argument is that you can have availability entrepreneurs working at cross purposes with regard to housing. You can make a lot of money by investing in other areas by taking your money out of housing and renting and putting your money into other areas where the returns are going to be greater. Housing prices will fall, you'll be able

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