3min chapter

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Markets And The Madness Of Crowds - Robert Shiller

The Joe Walker Podcast

CHAPTER

Are Housing Markets Efficient?

Eugene Farmer: Real estate is a huge component of wealth and we have no data on it. He was kind of leaning towards saying that they probably are efficient for these reasons. But I mean, you've already mentioned some of them. There are plenty of reasons to believe a priori that real estate markets would be woefully inefficient.

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