May 19, 2006


Greenspan says housing boom 'over' but sees stable prices (Adam Shell, 5/19/2006, USA TODAY)

In his first public comments as a private citizen since leaving the Federal Reserve in January, former chairman Alan Greenspan said Thursday that the housing "boom is over" but did not share his views on hot issues such as inflation, interest rates or Fed policy.

"This has been quite an extraordinary (housing) boom," Greenspan said during a Bond Market Association dinner in New York. "The boom is over. I think we can safely say that with a strong degree of confidence."

However, he said, there is "no evidence that home prices will collapse."

Does he have room for 100 million new immigrants in his mansion?

Posted by Orrin Judd at May 19, 2006 8:06 AM

Yoo Hoo, Mr. Greenspan!

100K move to Phoenix, and 50K move to Denver, every year. The current "highest ever" inventory of 43K and 29k, respectively, is quite manageable.

Posted by: Brad S at May 19, 2006 8:37 AM

Are the 100 million going to move here in the next five years?

Posted by: Brandon at May 19, 2006 9:33 AM

The amnesty, within the next 8 months, will make 7 to 20 million legal and they've got families.

Posted by: oj at May 19, 2006 9:41 AM

Last night Brit Hume did a riff on how the word, amnesty, is inappropriate in this context even invoking Carter's blanket amnesty for Vietnam deserters and malefactors. He had the infobabe all flustered which was fine, but when the Hammer used it as well, Brit thought better than to correct him as any sentient being would.

I like Brit a lot, but I hate to see our side using semantics and being nuanced.

Greenspan following his old boss, Clinton, in making inappropriate post-retirement comments. Get off the stage Alan, you had a long run and now it's time to shut up and tend to your knitting.

Posted by: erp at May 19, 2006 10:06 AM


Wait until Greenspan starts commenting on his wife's appearances at Scooter Libby's trial.

Posted by: jim hamlen at May 19, 2006 10:41 AM

If my home's value doesn't increase for the next 5 years it will still be worth 80% more than when I bought it 6 years ago. The horror! Somehow, I think I'll find the strength to go on.

Posted by: Patrick H at May 19, 2006 12:42 PM